Technical on Hindalco,Bharti and US Dollar

Hindalco Industries

Stock is moving into channel but closed below 5 Day Low EMA and Dollar index crossing 80+ can hurt the stock on upside and downside will continue.

Short Hindalco below 201.40  Tgt 200.6 ,197.5 ,194.2 ,191.2 Sl 203.9

US Dollar Index Charts
US dollar crossed 50 DMA @78 and moving towards 82 levels if it is able to cross the 200 DMA it will be hurtful for equities
Live Dollar Index Chart@http://dollarindex.blogspot.com/


Bharti Airtel
Bharti Airtel near its 50 DMA@342 which have been a significant resistane from past many trading sessions

Buy above 342.8 …
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Technicals on SBI,TCS and AXIS BANK

SBIN Daily Chart

SBI is forming an ascending triangle formation with support around rs 2780 levels and resistance around 5 EMA 2905 levels.
Stock has fallen from a high of 3400 to a low of 2700 in a matter of few trading sessions and a bounce till 3000 can be excepted for the stock.
RSI,MACD and STOC are oversold on charts on both daily and weekly

SBIN Weekly Chart 

Buy above 2862 Tgt 2895,2917,2972 and 3035

TCS Daily Chart


TCS has staged a sharp pullback from the support of its 50-DMA this week (as seen …
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Nifty Weekly Technical Levels for Week starting 29 nov

Nifty Daily Chart
During the week the breakout was witnessed and Nifty lost more than 2% . In the sectoral front, the Realty space took the biggest hit, dragging the Nifty below the 5,700 mark.
If you look at daily chart Nifty on friday has took support at long term trending channel which saw a breakout during september month.If 5700 panic low on Friday is held nifty can see a decent bouncaback till 5 EMA 5848 levels. The way mid caps and small caps have been butuchered we …
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How to create a Trading Plan for Profitable trading

Accept It

One of the worst things you can do is a trader is to start to feel like you’ve lost control of the market.  You should never feel that way because you never had control in the first place.  You can have all the indicators in the world telling you to buy only to enter the trade and have it immediately go against you.  Accept it, you are not in control.

Ego

Sometimes you let your ego get the best of you.  It happens to the best of us.  You make a …
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Is Correction Over for Nifty?

*About Bull Market Corrections**

We look back to 17 years of market (BSESensex) history to assimilate data on bull market corrections. There have been four bull markets over the past 17 years (including the current one), and within those bull markets there have been 32 corrections of 5% or more (including the current one). The average fall during these corrections is 12%, and the average duration of these corrections is 16 days. The worst fall (May-June 2006) was 31%, whereas the longest fall (July to September 1993) lasted 28 days. …
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Technical on Bank Nifty and India VIX

Nifty Technical View

Click on above Link to have a look at technical view,As such technical looks weak Nifty is looking weak and every high is getting sold off. Yesterday it was a Korean Scare and today LIC Scam which does not look so big as it is stated.
But these can be many skeleton in the closet and lets wait for clarity to emerge and I would request all m readers never buy a falling knife so please do not Buy LIC Housing till more clarity emerge on the scam.PSU …
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Housing Scam in Indian Market LIC/Central Bank of India and BOI

Another Scam Brewing in Indian Stock Market

Central Bureau of Investigation (CBI) had questioned the top officials of the two entities in connection with an alleged multi-crore fake home loans scandal.
Shares of LIC Housing Finance and Central Bank of India plunged in late afternoon trade on Wednesday after media reports suggested that the Central Bureau of Investigation (CBI) had questioned the top officials of the two entities in connection with an alleged multi-crore fake home loans scandal.
The CBI raids were conducted at New Delhi, Mumbai, Kolkata and Chennai, according to …

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Nifty correction continues

Nifty Daily Chart
Nifty is forming a wedge pattern as shown in charts and again it formed a Hammer formation which if preceded by a Green candel show it effect and short term trend reversal can happen.
A good upward reversal should close above previous day’s high .
Today FII sold 1500 cores in cash which is not at all a good sign,Brewing tension on Koreans and 2 G scam is weathering Nifty’s bull run.
Today we had a brief fall below 5825 and a bounceback,I have mentioned in Weekly Nifty Technical Analysis that …
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Short Term Trading Calls:Varun Industries,Tata Steel and Infosys

Varun Industries
Varun Industries is in long term uptrend stock and its bull market rally from 120 to 240 was quiet notiecable and fast.
Stock consolidated after making  a 100% move and now is consolidating in the range of 216 and 247. Till the stock trade in the range of 216-247 trade this range.
Once  247 breaks Tgt 254,264 and 282

Tata Steel
Tata Steel is considered as herald for Nifty to rally and stock is lagging around its 50 DMA @625 and forming a kind of swing resistance  around @626 levels. So its …
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Nifty Weekly Technical Levels for Week 22 Nov

Equity benchmark indices crashed for the second consecutive week, led by a fall almost in all most all sectors wherein the NIFTY has lost more than 422 points (6.7%) in the last two weeks to settle below 5900 – another psychologically important level with the SENSEX
dropping by over 1419.5 points (6.76%).

Daily Chart
Technically, the trend, which is now down and will reverse above
Stochastic is currently moving in oversold zone, on the brink of entering into deep oversold territory indicating profit booking.
RSI is trading in neutral territory at 40 showing Positive divergence.
Nifty …
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Nifty Forms Bullish Hammer Candelstick Formation

Bullish Hammer
• Direction: Bullish
• Type: Reversal
• Reliability: Moderate
After an established downtrend
• Hammer candles have a small real body that forms at the upper end of the days trading range
• The candle can be either blue or red, analyst usually do not differentiate.
• Lower wick at least twice as long as the real body
• No (or almost no) upper wick
After a bearish sell-off a significant rally brings price back up creating a long bottom wick. By day end buyers are able to push prices back to the upper range creating a …
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Will Nifty bounceback after 6% Correction?

Nifty Daily Chart
Nifty after giving the much awaited correction of 6% which took everyone by surprise  when all were excepting a new life time high on NIfty. Well now much awaited correction has come and i would request you all to use this oppurtunity to buy nifty 50 scripts like tata motors,tata steel,SBI. Deploy 30% of your cash at this levels.
We are oversold on Daily charts and if 5930-60 range is held there will be a sharp reversal and we will see Nifty at new highs in a jiffy.
China rate …
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Why Traders loose money Trading Stock Options

90% of option traders lose money
Even people who are highly knowledgeable about the financial markets and work in the industry do poorly. There is evidence all over the place that losing money in options is normal and “everyone in the know knows it”.
I never got good at options trading, but I never encountered anyone else who was good at it, either. Some people admitted that they lost money overall, while others, although they spoke readily of their wins, were evasive about losses and totals. This was less surprising when I …
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Technical Analysis of MUNDRA PORT,RANBAXY LABS,TATA MOTORS

MUNDRA PORT

Mundra Port is forming double bottom formation which if held can see a good upmove till its 50 SMA@160 levels and if it fails to get support at 150 levels can slide till 143 levels on downside.
As technical Indicators are in oversold zone bias is towards upside

Buy above 151 Tgt 153 155 and 156
Sell Below 149 Tgt 148 and 146

RANBAXY LABS

Ranbaxy Labs has broken its solid support of 50 SMA@571 on a low volumes .Well breach on 50 SMA on upside only made the bull run from 460 levels …
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Nifty Weekly Technical Analysis

Nifty Weekly Chart
Market started the new “samvat” on negative note as benchmark indices plunged nearly 4% in the week gone by, their highest weekly loss in more than 6 months. This was disappointing specially in the light of last week’s hefty 5% rise, which took the benchmark indices very near to the 2008 highs and expectation was that this week we will see fresh all- time high. The week was marked by extreme weakness and dominance of bears, as Nifty closed in red on 4 out of 5 trading sessions. …
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Short Term Investment Idea:NGL Fine-Chem Ltd

Fundamental Perceptive

NGL Fine-chem Ltd is a manufacturer of pharmaceuticals and intermediates for usage in veterinary and human health. Company caters to various global companies to custom manufacture high quality pharmaceuticals with reliability and flexibility.
Utilizing its expertise in complex multi-stage organic synthesis, company continues to expand their product portfolio with new products. Company has established a strong presence in global pharmaceutical companies with its commitment to
competitive prices, delivery schedules, international quality standards and constant technological upgradation. The Company was incorporated on December 18, 2981 as a Private Limited Company in the …
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Levels for SBI to give BounceBack

Bharat Forge

Bharat Forge is in trading range from 365-390 levels and been trading in between those levels from past few trading sessions.
Stock looks like it will break 390 levels as MACD is giving a buy signal STOC also in buy mode.Volume on higher end
Buy above 393 Tgt 399 and 409
Sell below 390 Tgt 383 and 377

State bank of India

Daily Chart:
Daily Chart of SBI is attached below.Click on Chart to enlarge.
On Daily chart stock gets support at 20 DMA and have been marked.All corrective phase in present bull run are …
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TATA MOTORS,HUL Technical view

TATA MOTORS
Tata Motors has been on dream bull run from low of rs 150 to high of 1294.TELCO results were phenomenol today can give booster to stock to scale towards new high.
Remember:Money always flow in hot stocks in bull market regardless of valuation comfort zone.
Channel support comes at 1256 should be sl for longs.
Buy above 1275 tgt 1288,1301 and 1322
In short term stock can scale to 1494 as shown in fibo levels marked.
Click on charts to maximize

Hindustan Unilever
HUL is having trading range from 288-320. HUL is forming double top on …
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Reliance Industries Technical Analysis

Reliance Daily Chart

Reliance Daily Chart is showing a bullish breakout with rising support and facing resistance around 1119 levels.Stock has remain underperformer for the most of the rally,Now as we are at the most crucial juncture of the rally moving to all time high RIL can play a crucial role.
It’s a throw-back to the Mark Douglas style of trading/analysis as described in Trading in the Zone where he states you should formulate trades based on massive support or resistance areas that price HAS to break one way …
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Diffrence between European v/s American Options

SEBI came out with a circular on 27th November, 2010 giving freedom to Stock Exchanges for choosing style of Options (European / American) on Stocks. It gives flexibility to stock Exchange to offer either European style option or American Style Options.
As of Today Index Options are European Style options and all Stock Options are American style option and after this Decision made by SEBI NSE has decided to introduce European Options on Stocks instead of American Options on Stocks. The implementation date of such change is from January, 2011 contracts …
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Diwali Small Cap Pick:Confidence Petroleum Limited

Fundamental Aspect
“Confidence Petroleum is a play on urbanisation. Rural India is increasingly transitioning from kerosene and other cooking mediums to LPG gas, you are also seeing greater trend of nuclear families, so that means a greater demand for LPG cylinders.”
“Confidence is the largest cylinder manufacturer in Asia; the capacity is more than 40 lakh and we are seeing a greater trend where currently the revenues as far as cylinder manufacturing is concerned is 40% but that’s not the story, the real big …
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Intra Day Trades:Voltas,BF Utility and Bata India

Voltas

Voltas products will be on demand during the Diwali Time and will be a sentiment booster for the Stock.Technically Stock is looking for a breakout on upside seeing the price volume action. Volatas is having a good support at 20 DMA@240 and resistance at recent swing high of Rs 253

Buy above 253 Tgt 254.7,259 and 267 SL 246

Bata India
Bata is forming an ascending triangle formation facing resistance above the upper trendline @345.Volumes are quiet good in the counter.

Buy above 345 tgt 351.8 and 358.7 SL 338

BF Utility
BF Utility was able …

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Technical Analysis :Talwakar Fitness,Tata Steel and Jubilant Foods

Talwakar Fitness
Talwakar’s has been locked in a trading zone of 224-258 from past 3 months.Stock look like it will breakout of the range looking out of market sentiments and volumes which were see today.
MACD is giving a buy signal and Stock while stoc is showing overbought region.Best strategy to buy on a pullback near 250 range or to wait for stock to break range above 260
Buy above 260 tgt 267 and 277
Tata Steel
Tata Steel has been in downtrend from high of 675 to a low of 580 in matter of …
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Short Term Trading Calls:BHEL,Axis bank and Hind Petro

BHEL
BHEL is forming base around 2430 levels as show in daily charts and forming a resistance around 2500 levels.As seen it is forming an ascending triangle formation.RSI and MACD are in oversold state.

Buy around 2483 levels tgt 2500/2520 and 2548 SL 2420

Hind Petro
Hind Perto has been in downward channel as shown on daily charts and now looks ripe for this downward channel and shall move into a bullish stance .
To support my stance on Hind Petro STOH is in oversold terrotiry and it gives pretty good signal
Buy above 488 Tgt …
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Nifty Technical View for Week 1-5 Nov

Nifty Trading System as i have discussed few months earlier generated a sell signal @6090 and still now in Sell Mode.Last time it generated a buy signal was 5473 and trade made a high of 6284,but i do not think that anyone had so till high levels and with this trading system we need to book profit as per our discretion.
As of now we made a low of 5935 and with this sell call generated and i would advise trader to book profit if we are unable to close above …
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