15 minute opening range breakout

HI All,

Following is a Trading Set up for 15 minute opening range breakout

Let the index/stock trade for the first fifteen minutes and then use the high and low of this "fifteen minute range" as support and resistance levels. A buy signal is given when price exceeds the high of the 15 minute range after an up gap. A sell signal is given when price moves below the low of the 15 minute range after a down gap. It's a simple technique that works like a charm in many cases.

Eg. The Fall of Friday Everything Look so ROsy Asian markets up and India Markets opened gap up after tthat what happened was a history.The Chart Elaborates all the Story.

If you use this technique, though, a few caveats are in order to avoid whipsaws and other market traps. The most common whipsaw is a trading range that lasts longer than 15 minutes. If an obvious range builds in 20, 25 or even 30 minutes , use those to define your support and resistance levels. Also consider the higher noise level in the morning. A breakout that extends only a tick or two can be easily reversed and trap you in a sudden loss. So let others take the bait at these levels, while you find pullbacks and narrow range bars for trade execution.


Buy Rules :
- Stock break 15 minute opening range (Trade-Ideas alert : 15 minute opening range breakout)

Sell Rules :
- Sell the stock at Pivot Resistances
- Short the Stock if it breaks 15 Min low

Here is some suggestions of what you can do :
- Use stop loss to protect you from loosing trades.

Stocks near its 50 SMA can see a bounce till 568 581 Levels

Reliance Capital Double Bottom around 730 can see 754 781 Levels

Tata Steel can see 475 483 490 Levels

Zee Limited buy if 229 gets broken for a tgt of 241

Nalco Buy if 370 gets broekn for a tgt of 377 384

Nifty View

Classic case of Resistance becoming Support Last 3 times 4730 Was proving to be a resistance and after that today it came rescuing the bull.

Resistance at 4820 4860 A bull Move only above 13 EMA around 4960

Trading and Investment ideas

Suzlon-- Stock again took support at 200 DMA.Now we need to see if it can again bounce back from here.If it bounces back IF it bounces can see 90 levels




Rcom- Stock Has a good support at 205 and if that gets broken than we can see levels of 185 and 171.Positive thing which i noted about this stock is slight positive divergence in RSI in which we can see a good short covering to come.



Sterlite - 737 which is 50 SMA will be a good support Trading positions can be taken around these levels.


Bharti Airtel - Stock has got a Good Support around 300 Levels and after that 272 Levels.

Trading Ideas

Buy M&M if 880-884 Region holds for a target of 910 930 943 Support at 877

Suzlon Mulitple bottoms around 85 levels buy once it crisses 90 for a volatile tgts of 92 95

Trading Ideas

Buy above 361.50 for tgt of 364 367

Buy Havelss ABOVE 345 353 365

buy :LIC hOUSING ABOVE 843 TGT 860

Muhurat Trading Ideas

Buy Apil above 583 Breakout is seen with volumes can see 593 601 Levels

Buy PFC once it breaks 240 for a tgt of 243 245 247

WISH YOU A HAPPY DEEPAVALI..

Wish you and your family Happy and Prosperous Diwali.

Trading Ideas

Balrampur took support at 5 EMA now now if it moves above 130 can see 132 134 Levels


BAnk of BAroda above 500 505 514 suppport 485

Jindal steel and Power above 613 tgt 627 636 650


Bharti Airtel above 354 tgt 358 363 support 346

Nifty Technical View and Trading Calls

Nifty has closed below 5 week MA indicating weakness.Trend line support around 4910
Weekly Pivot level 4970

Weekly Support:4885 4825

Weekly Resistance:5041 5137

Weekly Calls

IDBI buy with a sl of126.50 tgt 132 136

TATA STEEL above 542 tgt 551 558 564 572 sl530

SUZLON Buy above 87.3 for tgt of 88 91 95 Better buy 95 CEaround1.8 exit near 2.5

Infosys Technical View

Infosys the IT Bellwether is going to declare the Result before market hours tomorrow morning.Technically speaking Stock has been hammered by bears in past 3 days on account of the expectation of a bad result.

Technically speaking the Stock just touched its trendline today around 2186 and have a hood support at its 50 DMA which is around 2164.

Levels needs to be watch out:

Support at 2178 2164 2145

Resistance at 2254 2297

Trading Ideas

Suzlon Energy Shorted Heavily by Bears,Can see good rally in couple of trading sessions.

Buy above 88 for a tgt 90 93 96 sl 83

Buy Gail above 371 once crossed 377 385 394

Evening Star Formation in NIfty Will Bears take over again ????

Evening Star Formation

Implication of Evening Star:
The Evening Star Pattern is a bearish reversal pattern, usually occuring at the top of an uptrend. The pattern consists of three candlesticks:

* Large Bullish Candle (Day 1)
* Small Bullish or Bearish Candle (Day 2)
* Large Bearish Candle (Day 3)
The first part of an Evening Star reversal pattern is a large bullish green candle. On the first day, bulls are definitely in charge, usually new highs were made.

The second day begins with a bullish gap up. It is clear from the opening of Day 2 that bulls are in control. However, bulls do not push prices much higher. The candlestick on Day 2 is quite small and can be bullish, bearish, or neutral (i.e. Doji).

Generally speaking, a bearish candle on Day 2 is a stronger sign of an impending reversal. But it is Day 3 that is the most significant candlestick.

Day 3 begins with a gap down, (a bearish signal) and bears are able to press prices even further downward, often eliminating the gains seen on Day

If 4971.4 Breaks Targets 4939.6 4887.3

Pivot Level:5023.7

Resistance:5055.5 ,5107.8,5139.6

Grasim Technical View

Click on Image to enlarge

Trading Ideas

Aban Locked in a Rectangular range from 1450-1675.Longs should be initiated above 1675 for a target of 1684 1718 1769

IF unable to cross 1675 Shorts can be initiated with a target of 1600

IDFC in range of 152-156 sl 145 Tgt 172-175

APIL above 572.50 tgt 582 593

Nifty Technical Picture for Week Starting 05 Oct

Hi All,

Nifty Daily Charts are attached as Above.Nifty has gained 2.3%,But in Holiday Shortened week Nifty moved up ahead plummeting all the bears once again.FII is pouring money like there is no tomorrow.But in-spite of so gush of money Nifty is just making small moves.

Lets look at in a technical point perceptive:

1. We have formed a Doji on Thursday which is indecision between bulls and bears.
2. Current Channel in which we are trading has a trend line support around 5035 if that is broken we can easily see 4980 levels and below that 4925 levels.
3.Dow has bleeded the past 2 days when we were closed and took Asian markets with it,we have shown out performance in previous 2 weeks.It should be point of concern

Nifty Daily Pivot 5083.7
Daily Resistance:5110.3 5137.1 5163.7
Daily Support:5056.8 5030.2 5003.4

Looking at the Weekly charts we are still above 5 Week EMA which is a bullish sign.
But looking at the way negative divergence seen in RSI and exhaustion seen in other oscillators,I would recommend my readers to be caution.As Correction can come anytime as Nifty PE is around 23 which is pricey 28 is a bubble like situation

I would reccomond to cash out positions on every high coming and be in cash.Buy on dips if 4925-35 range holds.

Nifty Weekly Pivot 5,056
Weekly Resistance:5110.3 5,126.9 5,170.3 5,239.1
Weekly Support: 5,012.1 4,940.8 4,826.2

Regards,
Bramesh

Technical Indicator:MACD

HI All,

I will be writing and compiling about few Technical Indicator i follow so that people can also use it and come up with there own Interpretation.

Moving Average Convergence-Divergence
(MACD) was originally constructed by Gerald Appel an analyst in New York. Originally designed for analysis of stock trends, it is now widely used in many markets.

MACD is constructed by making an average of the difference between two moving averages. The difference of the original two moving averages and the moving average of the difference can be plotted as two lines, one fast and one slow

How is it Use?

MACD measures the difference between two Exponential Moving Averages (EMAs). A positive MACD indicates that the 12-day EMA is trading above the 26-day EMA. A negative MACD indicates that the 12-day EMA is trading below the 26-day EMA. If MACD is positive and rising, then the gap between the 12-day EMA and the 26-day EMA is widening. This indicates that the rate-of-change of the faster moving average is higher than the rate-of-change for the slower moving average. Positive momentum is increasing, indicating a bullish period for the price plot. If MACD is negative and declining further, then the negative gap between the faster moving average (blue) and the slower moving average (red) is expanding. Downward momentum is accelerating, indicating a bearish period of trading. MACD centerline crossovers occur when the faster moving average crosses the slower moving average.

MACD Bullish Signals

MACD generates bullish signals from three main sources:

1.Positive Divergence
2.Bullish Centerline Crossover

1.Positive Divergence:A Positive Divergence occurs when MACD begins to advance and the security is still in a downtrend and makes a lower reaction low. MACD can either form as a series of higher Lows or a second Low that is higher than the previous Low. Positive Divergences are probably the least common of the three signals, but are usually the most reliable, and lead to the biggest moves.

2.Bullish Centerline Crossover:A Bullish Centerline Crossover occurs when MACD moves above the zero line and into positive territory. This is a clear indication that momentum has changed from negative to positive, or from bearish to bullish. After a Positive Divergence and Bullish Centerline Crossover, the Bullish Centerline Crossover can act as a confirmation signal. Of the three signals, moving average crossover are probably the second most common signals.

MACD generates bearish signals from three main sources. These signals are mirror reflections of the bullish signals:

1.Negative Divergence
2. Bearish Centerline Crossover

Blog Performance in Cash Calls

Hi All,


After Long time i wanted to share with you all the performance of the blog cash calls which i update the with charts.

From now onwards i will try to include Futures and options calls also from the next month.

Comments are welcome.

Nifty at 16 Month High What's Next???

Nifty made a new 16 months High today.Banks Stock were the flavor of the season.

But Negative Divergence is observed in both RSI and Volumes

Short term trend line support is at 5010

Support:5058 5029 5010 4975

Resistance:5112 5141

Buy GAIL if it breaks 366 tgt 370 375 380