Renuka Sugar Technical View

Sugar Stock have been in news off late with all wrong reasons and have been hammered like anything,But every thing has a botton and i feel technically Renuka is ready for a Bounce small bounce.Lets have look at the technical set up of Renuka Sugar.
As marked in Chart a Blue colored area where Renuka formed a base and consolidated before starting moving up,Currently it is falling slowly and today it has formed Doji Pattern which can indicate a Short term trend reversal.
RSI is showing a Positive Divergence
Trendline Resistance comes around …
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How to survive stock market bubble

In almost all instances, the root cause of a financial crisis is an asset bubble. But how does this bubble form, what finally causes it to pop and how can investors profit before it goes bust?
In order for a market to attain the excessive valuations necessary to prompt a crisis, a prolonged period of price appreciation combined with a large number of new entrants to the market is usually necessary. Read on to learn more.
Crisis in the … Read the full story »

Short Term Stock Picks

Hyderabad Industries:
Stock is in a trading range and Friday rose with volumes,Oscillators are showing Momentum play is in action
Buy above 653  Tgt 663 674 and 682 SL 616
JP Associate:
Stock closed above 200 DMA and broke above its trading range and volume action is fueeling its way towards higher indicator,As indicated in charts Ocialltors  are showing positive divergence,Stage is set for Strong rally.
Buy above 160 tgt Tgt 164 and 169 sl 149
SBIN:
Stock after showing a good breakout and made almost 7 percent move on the news of RBI did not Hike …
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Golden Rules for Traders

Came across this interesting article Sharing with all of u.
1. Forget the news, remember the chart. You’re not smart enough to know how news will affect price. The chart already knows the news is coming.
2. Buy the first pullback from a new high. Sell the first pullback from a new low. There’s always a crowd that missed the first boat.
3. Buy at support, sell at resistance. Everyone sees the same thing and they’re all just waiting to jump in the pool.
4. Short rallies …
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JSWSTEEL Technical Analysis

Stock is locked in a trading range of  1220 and 1300 and currently at the bottom of trading range,Positive Divergence is observed in RSI.
Trading Levels:
Buy above 1240 for a tgt of 1255 and 1265

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Risk free return on your investment

National Savings certificate (NSC)
This is a fixed interest, long term instrument for investment. NSCs are issued by the Department of Post, Government of India. Since they are backed by the Government of India, NSCs are a virtually risk free avenue of investment. They can be bought from authorized post offices.
How it works
NSCs have a maturity of 6 years. They offer a rate of interest of 8% per annum which is compounded half yearly. Minimum investment is Rs. 100/- and no cap of maximum limit.
NSC’s …
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Trading Ideas for Short Term

Educomp Solution:
The top five holdings for Goldman Sachs Invest Mauritius were LIC Housing Finance , Lanco Infra, CESC, United Phosphorus and Educomp Solutions.
GoldMan Sachs was in news for Wrong Reason and we can see a selling on the Scripts Held by the Company.
Educomp Solutuion is showing good support at 100SMA,which i belive will be taken out tomorrow in opening trade and stock will touch 50 SMA after that need to see Price and Volume Action
Short @ 725 Tgt 713 and 692 Sl 742
Jindal Steel and Power:
JSPL is shown the  formation …
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Chart Pattern -I

Double Tops:
A double top is a reversal chart pattern which is defined by a chart where a Stock makes a run up to a particular level, then drops back from that level, then makes a second run at that level, and then finally drops back off again.
In its most basic sense what the double top pattern is saying about supply and demand forces is that demand is out pacing supply (buyers are winning) up to the first top causing prices to rise, and then the …
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Face off SEBI V/S IRDA

From Saturday night Royal battle is on between two of the biggest regulatory authorities of India – Securities and Exchange Board of India headed by CB Bhave and Insurance Regulatory and Development Authority (IRDA) headed by J Harinarayan over Unit Linked Insurance Plans (ULIPs)
What Happened?
SEBI shocked the industry by banning 14 of the 25 insurance companies from marketing ULIPs – SBI Life, ICICI Prudential, Tata AIG, Aegon Religare Life, Aviva Life, Bajaj Allianz, Bharti AXA, Birla Sunlife, HDFC Standard Life, ING Vysya Life, Kotak Mahindra Old Mutual Life, Max New …




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Nifty Weekly Technical View

Coming week will be a a crucial week for markets, as IIP-data for Feb.2010 will be announced on Monday 12th Apr, consensus estimate is 15.75% as compared to 16.7% previously. Lower IIP for feburary could prove to be a dampner. Following day on Tuesday 13th Apr, IT major INFOSYS will kick-start earning season for Indaian corporates. On 14th Apr markets have holiday and this will be followed by Monthly Inflation data for March to be announced on 15th.
10 …Read the full story »

Support and Resistance

Today we will look at the basics which are required for an amateur  TA finding Support and Resistance for a Index or Stock and what these levels tell us about potential future market moves.
The price of a financial instrument in the stock, futures  markets is ultimately determined by supply and demand. Very simply, if demand is increasing in relation to supply then price will rise, and if demand is decreasing in relation to supply then price will fall.
Support
Support is the price level of a particular instrument …
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Limiting Trading Losses

By Jason Van Bergen
It is simply not possible for any trader–whether amateur, professional or anywhere in between–to avoid every single loss. The disciplined trader is fully cognizant of the inevitability of losing hard-earned profits and, as such, is able to accept losses without emotional upheaval. At the same time, however, there are systematic methods by which you can ensure that losses are kept to a minimum.
The System
Every trader should employ a loss-limit system whereby he or she limits losses to a fixed percentage of assets, or a fixed percentage loss … Continue Reading

Risk free return on your investment

Public Provident Fund (PPF)
PPF is a long-term, government-backed small savings scheme of the Central government started with the objective of providing old age income security to the workers in the unorganised sector and self-employed individuals.The Public Provident Fund Scheme is a statutory scheme of the Central Government of India. The PPF scheme is operated through Post Office and Nationalized banks. PPF account can be opened either in Post Office or in a Bank. Account is transferable from one Post office to another and from Post office to Bank and from …
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Trading Ideas

Buy Tata Steel above 659 for a target of  665  and 677  Support is there at 640 and 628
Doji formation on daily charts and indicators are oversold on charts Short at 415 for a tgt of 400 and 392 SL 420

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Nifty Technical Outlook

Nifty made a new 52 Week High @5329.55 levels but bulls were unable to sustain at higher levels.
Last Week we saw Bulls facing resistance at 5330 levels and than reversing from that now 5330 if not crossed now will become double top and can be a bearish sign.
For authentic breakout of this upward resistance, the index need to stay above the 5330 for  at least 3 days or it needs to go up minimum 3% (presently around 5450) of the respective value.
A negative crossing of 100 DMA …
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