Technical Calls on BF Utility,FT,Ivrcl Infra and Nagar Construction

WIPRO

Wipro weekly charts is trading in arange of 374 and 440 on weekly charts.As such it has done nothing in 2010.Looking at the way infy is shooting up looks like lots of catch up needs to be done by WIPRO.
For any further up move WIPRO needs to break the trading range.Looking at Volumes on weekly charts and Positive divergence in MACD wipro looks like to breakout.
Buy above 451 Tgt 458,470 and 491

Financial Technology

FT is breaking on emotional selling on SEBI rejected its plea for trading.Stock has been hammered and came …
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Nifty and Bank Nifty Weekly Technical View

Nifty Daily Chart

Nifty Daily Charts are displayed below showing the power of money dumped by FII.Its a stellar rally which Indian brouses are seeing.Valuation are moving towards bubble territory as NIfty P/E is at 25.11.
FII inflow in September 2010, totaled Rs 17,499.43 crore (till 23 September 2010). FIIs had bought equities worth Rs 11,687.50 crore in August 2010. FII inflow in the calendar year 2010, totaled Rs 36994.53 crore (till 23 September 2010).
In Continuation to its upward rally it moved up consecutively higher on the second day of the week …
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Rules to draw Trendlines on Stock Charts

With Continuation of my previous week article
How to trade using Trend Lines in Stocks Charts
Today we will discuss on TRENDLINE RULES
1. VALIDATION
The general rule in technical analysis is that it takes two points to draw a trend line and the third point confirms the validity. More points used to draw the trend line, the more validity attached to the support or resistance level represented by the trend line.
The chart of NIFTY shows an uptrend line that has been touched 3 times. After the third touch in Jun-10, the trend line …

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Technical Calls Crompton Greaves,Jupiter Bio Science and Tata Global Breverages

Crompton Greaves

Crompton is trading in a parallel channel as shown on chart. Taking support at lower trendline and taking resistance at upper trendline.
Such stock become easy to trade as we can see where they will take support and where they will stall there upmove.MACD is showing positive divergence on Daily Charts.
Buy above 322 Tgt 327 and 335



Jupiter Bio Science
Jupiter after a long period of time has crossed its 100 DMA with volumes.
One more interesting thing is Golden Cross-Over ie. 5 EMA moving above 100 EMA
Technical Indicators are over sold …
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Technical Analysis:BF Utility,Tech Mahindra and NTPC

BF Utilities Limited
BF Utility is at its 200 DMA and i belive stock will show a good bounce after going for around 2 weeks of slumber and decline in trading activity.Technically Stocks looks ripe for bounce.
Indicators are in Oversold Conditions and Volume is on decline as shown in above chart.
Buy around 967 Tgt 1007 1045 and 1071
Stock is facing very tough resistance at 1071 and if it is crossed with volumes except a new 52 week high on BF UTILITY

Tech Mahindra
Tech Mahindra is also on a verge of Trend Transition …
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Option Stratergies – Bull Call Spread and Bull Ratio Spread

Markets had run up almost 10% in fast 12 trading sessions and now most of people are confused whther to Buy Call or Puts.
I here by discuss few Option Strategy which can come Handy in this type of market.
Generally these combination strategies are used primarily in case of two scenarios, one when you are moderately
bullish on the stock or index under consideration, or two when the IVs (Implied volatility) of the options used for
constructing the spread are too high.
Bull Call Spread:
As we mentioned earlier the strategy is chosen when the …
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Trading Calls:Fortis Health,Graphite India,HOEL,GAIL

GAIL Limited
Gail is forming an inverted Head and Shoulder pattern on Daily charts with neckline place at 493.If we are able to cross 493 on closing basis GAIL will add another 50-60 points.
RSI is below 70 indicating still can be bought
MACD is showing positive divergence
RSI is below 70 indicating still can be bought
MACD is showing positive divergence
For Intra Trade buy above 485.4 Tgt 490.4 and 493
For Positional Trade Buy above 493 Tgt 510 and 528
HOEL
Hindustan Oil Exploration is facing a tough resistance at its 100 DMA on its weekly charts …
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Nifty Weekly Technical View

Nifty Monthly Chart
Nifty marched nonstop from 5,640 to 5,900 and as can be seen from monthly chart it has seen a fresh  breakout on monthly charts.Its a blowout rally which is flaring out.Uptrend is expected to continue and volatility may be the order of the day for some more time and hence the investors are suggested to trade cautiously.
Nifty Weekly Charts
On Weekly charts we have risen almost 10% in 2 weeks ,hence a possibility of a running correction is always there and should be used to buy on dips.5740 was …
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Technical Tools:Trendline in Stock Charts

TREND LINES
Technical analysis is built on the assumption that prices trend. Trend lines are an important tool in technical analysis for both trend identification and confirmation. A trend line is a straight line that connects two or more price points and then extends into the future to act as a line of support or resistance. A proper trend line has to connect two or more peaks or troughs; otherwise, it will be drawn
in space and will have no significance.
UP TREND LINE
An uptrend line has a positive slope and is formed …
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Technical View on Infosys,Tata Motor and SBIN

Infosys Technology

Infy is on a roar like a raging bull and there is no stopping for this stock from past few days.Fundamentally news is not good for IT companies as US is getting wary of sending jobs to Indian Soil looking at the unemployment state in there own country.
STOC has given a negative cross over today and indicating than stock can decline in coming seesions till its 5 EMA
Short Infy @ 3085 Tgt 3052,2994 and 2936 Sl 3114

State Bank of India

SBIN after showing a spectacular rally is near its 5 …
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Technical Calls on Reliance Capital,Reliance Infra and Maruti Suzuki

MARUTI SUZUKI Limited

Maruti tried touching its 200 MA today 1367.5 but was unable to sustain it and closed below its major resistance of 200 DMA.
Momentum is present in stock and India becoming 6 largest vehicle manufacture can propel the stock above 200 DMA.
Buy above 1371 tgt 1385 and 1403

Reliance Capital
Reliance Capital is facing trendline resistance at 808 odd levels and finding support at 750 levels.Stock is stuck in 50 points range and need to break this.
Today’s move was accopanied by volumes and if tmrw market looks good we can see …
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Breakout Trades:Kotak Bank,Andhra Bank and BF Utility

KOTAK BANK

Kotak Bank after stock split has shown a breakout on daily charts.As this rally in nifty is led by Banks Kotak technically looks ripe for another run for 5%
MACD is showing a positive divergence and RSI is also indicating Buy levels.
Buy above 460 Tgt 464,474 and 489
Short below 440 Tgt 425 and 415

ANDHRA BANK

Andhra Bank is in strong uptrend as all other banks are but today it is near its Breakout Levels of Rs 167
MACD is showing positive divergence and RSI is giving Buy signals
Buy above 167 Tgt …
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Technical Calls on ONGC,Whirlpool India,Bank India and Kajaria Ceramics

Bank India
Trendline Breakout with volumes RSI,MACD showing buying signals
Buy above 493 Tgt 500,512 and 531.5

Kajaria Ceramics Limited
Kajaria is also on the verge of breakout on daily charts MACD is giving positive crossover,RSI is buying Zone
Buy above 72.5 Tgt ....

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Nifty and Bank Nifty Weekly Technicals

Nifty daily charts shows the strength Nifty shows after crossing 5550 and marching ahead of 5600 to most of people surprise.
But if one looks at Daily Chart 2 things can be figured out

• DOJI formed on Last trading sessions indicating trend reversal can happen.
  Negative Divergence by RSI

But there is lot of Liquidity present on sidelines and dips can be bought into.
Nifty Weekly Chart
On Weekly Chart Technically trend is up, could test its next major resistances around 5680 and if Nifty crosses this level, it can go …
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Paryushan Maha Parva 2010

Paryushan parva is a time of reflection on our past year actions.  It is observed during every Chaturmas commencing on the twelth day of the shukla paksha of “Bhadrapad” month and ending on the fourth day of Krishna paksha of Bhadrapad.  It is marked by strict observance of the ten cardinal virtues:  Forgiveness, Charity, Simplicity, Contentment, Truthfulness, Self-restraint, Fasting, Detachment, Humility and Continence.  Though we should be doing this every second of our lives, it is nearly impossible to do so in this day of age.  Hence, we should at least take out 8 days a year out of our busy lives to reflect on ourselves.
During the eight-day / ten- day Paryushan festival, many fast and perform pratikaraman, meaning ‘turning back’.  It is a form of meditation where one reflects on his spiritual journey and renews his faith.  During this time, many drink boiled water and eat before sunset.  Many abstain from onions/garlic/potatoes (root vegetables), fermented food, and even green vegetables.  Penance and fasting are the key words in these days.  The reason for such restriction is to hurt as less living beings as possible.  Items previously mentioned have far greater number of lives (atmas) than simple grains.  For example, when you take any piece of potato and put it in water, it will grow.  but the same is not true for rice grain.  By doing this, we commit less sin and bind with fewer bad karmas.  this will later help us on our jouney to moksha.
On the last day, known as Samvatsari, many also observe a unique custom where they ask every individual they may have offended during the year for forgiveness.  Old quarrels are forgotten and friendships and relationships renewed as they fold their hands and say “Micchamidukkadam” or “Please forgive me.”

How to use Stop Loss in Trading

When markets are

• Volatile
• Overbought in Short Term
• May Reverse from the current trend as per technical

Most common term used by traders/analyst is
Tighten your Stop Loss/Use Trailing Stop Loss
Stop loss order is an order to close position if/when losses reaches a particular point. In other words this is an order by which you can decide the maximum loss that you are ready to accept. Here we are going to discuss only Stop Loss Order regarding Day Trading, but the same principle can be used for Swing Trading or Long …
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AXIS Bank and Dow Jones Technical View

Dow Jones Technical View
Dow Zones has been showing some good moves in previous 3 trading sessions and now Dow is on its major resistancr level of 200 DMA at 10470 levels as mentioned in charts.
RSI is in Buy Zone and MACD also showing positive mometum but we need volume to cross the significant ressitance.
If DOW is able to cross 10500 for 2-3 trading sessions we can see new highs on Dow
S&P should cross and sustain above 1100

AXIS BANK
AXIS is moving in a channel and currently is moving on …
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Momentum Calls:Cambridge Solution,HEG and Core Projects

Core Project
Core Project facing trendline resistance at 289 levels and sustained close above that will propel stock to higher levels.RSI being in buy zone giving more strength to stocks technicals.
Buy above 289 Tgt 293 and 300

HEG
HEG closed above its 200 DMA with volumes,with stock closing above its short term trendline at 335 making for higher upside in extremely short term
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Technical Calls on KEC International,SKM,Megasoft and Pirimal Health

SKM EGG PROD Export

SKM is near its 200 DMA and volumes are good in the counter,but Stock was unable to cross 200 DMA last friday even if volume were good.

SKM is a buy above 19.40 tgt 20.4 22 and 25 in short term

KEC International

KEC International is on verge of breakout after posting a stupendous rally last friday.KEC is near its 200 DMA unable to sustain last Friday, if on Monday follow up buying continues we can see another rally.

Buy on close above 535 Tgt 555 ad 588

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Trading for a Living

How to make money trading stocks/Commodities
(a) Identify the reason for the trade
(b) A Stop Loss
(c) A profit target or trailing stop mechanism
(d) The point at which you accept that the trade is not working even if the stop did not hit.
(e) Number of shares / contracts that you will hold. Keep in mind that your loss on a single trade should not be more than x% of your capital (you decide the x%)
(f) maintain a trading journal in which you write every evening, without fail.
As a sportsman(So too as a …
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Breakout Stocks:BEML and Core Project

BEML
BEML has given a breakout yesterday at 1042 levels which is its 200 DMA also. MACD has also given a buy Signal.
We can see a blow off rally and can see a move of another 5-8% on the stock if volume supports
Buy above 1066 Tgt 1080,1100 and 1135
Core Projects

Core Projects is moving to its trend line resistance as shown in charts. MACD has given a buy signal.Stock needs to be seen how it behaves near its trend line resistance whether it breaks or hold to it.
Buy above 283 Tgt

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Trading Calls on STC,ACC and Areva

ACC

ACC is forming upper trend line resistance at 893 levels as seen in the chart above. Stock needs more than average volume to break out of the range.Indicator are moving in Bullish region.
Buy above 893 Tgt 900 and 912

AREVA  T&D Limited

Areva is taking support at 50 DMA and facing a trendline resistance as shown in charts,Indicators point towards an up move for a move till 300+
Buy above 293.7 Tgt 294,296.10 and 300.2

The State Trading Corporation

STC showed a huge move today with good volumes on talks of disinvestment.Will it continue the …
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Technical Calls on Spanco Ltd.,MSPL,OBC and Clutch Auto

Clutch Auto
Clutch is near its 200 DMA and can give a bounce as stock is oversold Indicators Oversold.Ripe Conditions for a Relief Rally
Stock has already moved as i am posting this due to some problem was not able to post the same,But I want all readers to understand such scenarios where stock is near its 200 DMA and bounce back 10% on a trought.
As per current move Buy it only above 72 for a tgt of 74.

Oriental Bank Of Commerce
OBC is taking support at its channel and trendline …
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