Technical Charts:RIL,Bombay Dyeing,Larsen and MundraPort Sez

Bombay Dyeing

Bombay Dyeing has it given a break out ? Looking at daily chart Stock has broken above its upper trending line and 200 DMA with volumes but..
200 DMA is dividing line between BUlls and Bears. Below 200 DMA bears rule and above 200 DMA BUlls do party.
The most important level to confirm breakout id 386-387 above which only if Bombay dyeing closes Breakout gets confirmation and Stock can very well move till 419 levels.

Buy above 387...

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Nifty Trading levels for 29 Spetember

Most Important qualification of successful Trader is “SILENCE”. Keep your own silent counsel – keep your victories and your failures to yourself – learn from them both.You should not go on and keep on Boasting your victories and Sit on sidelines during a string of losses.Just take PL as it comes accept it and continue your journey as a Trader.This virtues do not come automatically to the stock market trader.

Nifty Hourly

Looking at Hourly charts Nifty took support at the lower trend line at 4918 region and bounced from the same. 4905-4920 is the support zone for whole series where Nifty came and bounced back for 5 times. Today is expiry and break of 4905 will lead to gap filling till 4870 levels.
After filling the GAP nifty can give a sharp bounce back till ....

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Technical Analysis:ACC and Reliance Industries

When a stock doesn’t do what you expect it to do, sell it. No hesitating, no questions or doubts raised no conjectures of the way it should have turned out, or might still turn out, no dreams of how it will do what it was supposed to do ‚tomorrow’.

ACC

ACC chart is in its strong uptrend with higher hihgs formation and trading in a perfect channel as shown below chart.
On Daily chart ACC is showing a breakout out of trading range from 930-1080 levels.

On Daily chart if seen closely negative divergence is clearly visible in RSI but as i always say PRICE is SUPREME.
Let the price confirms the effect of divergence by forming lower lows as it can be seen now its forming higher highs.

Buy above 1098 Tgt ...

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Will Nifty correction continue in septemer

After the drubbing that Nifty received last week which was highly volatile where on Tuesday we are so close of breaking the 5169 level which is upper end of trading range but on Thursday we gave 4.5% in single session and eventually on Friday broke the lower end at 4900 and closed below it.

Before going into technical of Nifty for next week want to highlight few observation regrading last week Commodity correction where Crude  went below 80$ and Silver cracked 20% Gold 8% worst fall since 2008 was due to rise in Dollar which moved above its 200 DMA of 76 and moved towards 78  levels. Above 200 DMA USD can reach 79 and 81 levels which means more correction in Equities and Commodity

Rise in Dollar is inversely proportion to Equities and Commodities.

Will Fall in commodity will be beneficial for Indian Government ?

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How to ImproveTrading Psychology

Every trader need to Identifying his Strengths and Weaknesses
Trading requires as much honesty as is objectively possible. To be able to go over each trade and determine what you did right and what you did wrong requires putting ego aside for the benefit of becoming a better trader. You have to be able to admit “I was wrong”. With that being said, you can move foreword and find out why you were wrong and try to learn from the loss.
You may feel that you can be honest with yourself but ego is a very strong factor in forming your self image. You must ask yourself if the goal is to become successful in reaching your goals or is trading really just an exercise in trying to pump up your self image. If it is the later, there are less..

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Index Heavy Weight RIL,SBI and Infosys techincal levels to trade

Nifty gave a 200 point fall and today also opening will be a gap down of 60 points looking at Asian screen which are down between 2-5%. Its a Global Sell off and today we would be breaking 4900 range which have been defended from past 16 days.
Watch out for 4839 on Nifty Spot below it more pain will come.
I am covering 3 Index Stocks having weight age of 13,9,7% in Nifty.

Reliance Industries

RIL took support at its downward trend line. Break of the same will lead to 720 odd levels.
6% fall in single day that also in main index component gives the severity of situation and panic selling which is surrounding market participants.
Stochastic on Daily charts have given a fresh sell.

Sell below 780 Tgt..

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Will Nifty correction continue?

If one looks at Chart closely from past 16 trading sessions Nifty has just traded in a range bound trading from 4911-5169.


What has changed is the Sentiment of the market participants :)
From bearish to Bullish and Bullish to bearish.
Most important thing in trading is understanding the market trend Right now till 4900 is not broken on Closing basis we are in range bound trading range.
Technically Range Breakout trades given an excellent trading opportunities

5169-4911=258 Points
So if it breaks below 4900 we are in all Probability will be touching the recent low of 4720 and Technically levels comes to ...

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Technical Charts:RIL,SBI and Infosys

Reliance the poster buy on Nifty has woken up again yesterday and reason for 100 point jump in market.Volumes are point of concern as with a 4% rise volumes were only 4.21 million. So there was a short covering in futures which induced the rally.
Looking at Daily chart above 854 levels stock will do its breakout from down trending trend line. Failure of the same will lead to stock to sub 800 levels.
Buy above 854 Tgt
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Nifty Weekly Technical View for Week Starting 19 September

The market will reward your discipline.  Let’s face it, the market is one disciplined son of a gun.  When it says it is going to crush the bears with their death cross and the bulls with their golden cross it does.  When the market says a bearish economic report does not matter I am going higher anyway it will.  When the market says that cute little support line you drew is nothing but “a lead pencil and I am an eraser”, then erasing it will go.  Stick to a discipline of listening to what the market is saying and the market will whisper its direction instead of shouting its lies.

Nifty Intraday

RBI came with another Hawkish Instance and with a 25 BPS and market became Volatile before and after the RBI Policy statement. In these Uncertain Times Do not try to be Heroic and lose your capital.
Traders without plan and system will buy at Upper end of Range and Sell at Lower end and get whipsawed.
Best way To trade this market is....
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Build your Trading Confidence

Confidence can be an important psychological tool for the trader – important enough to make the difference between a winning trade and a losing trade. When you develop your trading plan, it is obviously important that you have confidence in its accuracy and usefulness and in your belief that you can follow your plan closely and execute it successfully.

Often, traders fall into a mental “I know it all” trap, where they use their confidence to nurture their ego instead of using it to be appropriately decisive in their trading and investing decisions. Such misplaced confidence can be crippling to trading success, because any potential influence from the environment (media, others’ opinions, etc.) that could sway the trader from sticking to his trading plan will have far more power. When a trader is caught in this type of trap, his ability to question his opinions and ideas diminishes. If his initial reaction to a suggestion is to accept it, he loses the capacity to question his

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Nifty Levels to Trade for September 16

The D day has arrived RBI deciding the fate of Nifty. Why i say so is Every time move by RBI will lead to trending moves in our market. Last Meeting when RBI raised the Interest Rates by 50 BPS Nifty was at 5700 Levels near its 200 DMA. After that Nifty is trading now at 5100 Levels so a fall of 600 points from previous Rate Hike.
What to except today ?
RBI has only 1 thing in MIND To Tame BEAST Inflation. It can keep on raising interest rates till it can get inflation controlled.
Today 3 Scenarios are possible
1. Raise by 25 BPS most anticipated -- 70% Market participants

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Trading Calls for Short Term

The market expects you to accept losses.  If you want to play in the market you better be prepared to play by the market’s rules.  Accept the losses, make them small based on proper risk parameters

Today's rally in NIFTY was born out of pessimism.  Every one was bearish in market and waiting for 4910 to break and yesterday 5000 CE 11 Lakhs contract were added and market rallied to cut or scare the Writers.

Market always moves in direction which give maximum pain to traders.

State bank of India

SBI has been weak stock in today's rally , Nifty rose 80 points on back of IT Socks but banks were lagging the Index and SBI on the front. SBI is main contributors to Bank Nifty. Inflation came at Higher rate which will see RBI increasing interest rate 25 BPS.
SBI has been supporting the trendline and Break below which will lead to more downside,If low is not broken SBI can rally to upper end of trendline.

Buy above 1829 Tgt

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Nifty Volatile how to trade now ?

Human emotion is both the source of opportunity in trading and the greatest challenge. Master it and you will succeed. Ignore it t your peril.

Nifty Hourly

Nifty had a roller coaster ride today Rising almost 90 Points than falling -30 Points, Volatility is at its peak. Trend is down but its very difficult to digest a 100 Point rally than a quick fall erasing all its gain.  Europe is the center of Trouble for all this volatility in market.
Rumor Mill is playing its Toll on traders
1. BNP Parihas has not been able to get money from USA market
2. Italy talking to China to Buy its Bonds which is denied now by Italy misnter

3. And the latest One Russia will give bailout to Europe.
Now I always believe in trade on levels and News will get discounted in Charts. Morning rally should be attributed to Gap Filling till 5042 Levels and after that Nifty resumed its normal trend which is DOWN.
 On Hourly charts resistance at 5050 levels and support coming at
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Trading Calls::Kotak Bank,HCL and TATA Motors

No one knows FOR SURE how much profit any trade is likely to make. Fortunately, it is possible to know THE INITIAL RISK a trader is willing to lose.

Kotak Mahindra Bank

Kotak Bank has faced resistance near its resistance at 478 which was its previous High. On Friday stock formed bearish engulfing pattern which is bearish in nature and a reversal pattern.
Stochastic is on verge of giving sell signal.
Kotak can correct till 437 which is its 200 Day Moving average.

Sell below 454 Tgt..

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Qualities of Successful Traders

Learning to accept losses as part of the game and cutting them short is the single most important step towards becoming consistently profitable. It sounds simple, but in reality is extremely difficult for everybody.
Why?
Because we’ve been taught that giving up is for losers and we should fight till last breath. I certainly agree that you should not give up quickly, but only if you can influence the end result.
Let me be clear, the stock doesn’t know that you own it and it doesn’t care that you cannot afford to lose the money. The market will strip your last cloth if you don’t know how to manage risk.
You have to understand and accept your power. You cannot move the market. You cannot tell him where to go and how fast. This is why so many people, who are successful as entrepreneurs and engineers, ...

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Technical Charts:Bank Nifty,BHEL and DLF

“Everyone makes an ego mistake once in a while, but only a foolish player does it often. Unsuccessful traders are always having  self-delusion and wishful thinking.  He can’t accept his own incompetence, so he attempts a recovery shot that’s usually beyond his reach.”

Bank Nifty

Bank Nifty has rallied almost 10% in past 7 trading session after having severe fall.Looking at Weekly chart of BN it is
now moving into its cluster of resistance zone between 9940...

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Nifty above 5100 is 5200 on Cards?

It’s not by making large profits that money is made over time. It’s by consistently keeping losses small in relation to profits. We make Profitable trade we get excited next trade if we are losing money Most of traders keep holding it in HOPE of getting back to profit and mostly it never comes and they Loss the Profit of there previous trades also.

Nifty Hourly

Hourly charts are showing a smart recovery shown by Nifty from the low of 4950.Every Dip is getting bought into. Only concern are the Volumes Today's Rise was backed on trade of 3,83,699 Contracts which is less than the Traded Contract in last 12 Sessions.
Rise on back of Less Volumes is a cause of concern for the strength of the Up move. As on Hourly charts we have seen a vertical rise and Negative Divergence can be seen in RSI and Stochastic. First sign of weakness will emerge only below ...
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Technicals Levels to trade:Reliance,Tata Coffee

It is emotion that creates movement in the market. Of course, few people really want to admit that most of their decisions are emotionally based and emotionally driven rather than rationally based and rationally driven.

TATA Coffee

TATA Coffee was trading in the range of 688-765 ,today it showed a breakout with volume. Stock got resisted at 888 which is Laxman Rekha for the Stock.
888-894 is the zone of resistance above which it can see a breakout

Buy above 888 Tgt

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Trading Calls:Educomp,SBI and JP Associate

One should see the market for what it is and not what one wants to see it.

Educomp Solution

Educomp has been in news for all bad reasons. IT raid has been a black spot on the sanctity of promoters. As I keep on saying Charts discount everything as its the Statistical representation of Human Emotion.Looking at Educomp Chart its a falling Knife after a Fall there is consolidation than resumption of fall. As of Now Educomp is again consolidating and will soon resume its fall if it breaks the swing low of ...

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Has Nifty made Short Term Top?

Global Economy has got some more shocks to live with in the coming week

Issue1: U.S. Authorities SUES 17 BIG BANKS for $196Billions OVER MORTGAGES during SUB-Prime Crises
Issue2:"GREECE" IS BACK as Germany and other Creditors not satisfied with Austerity measure and
next round of bailout in on HOLD

Nifty Hourly

Nifty Hourly Chart has shown a vertical rise move from the Low of 4806 on Monday. Nifty got resisted at 5113 on Opening Hours on Friday as it was an Hourly resistance.5058-5067 are important resistance on Hourly chart and crossover of same will lead to a Bullish momentum in NIFTY.

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Technicals:RIL,TCS and BHEL

Confidence can be an important psychological tool for the trader – important enough to make the difference between a winning trade and a losing trade. When you develop your trading plan, it is obviously important that you have confidence in its accuracy and usefulness and in your belief that you can follow your plan closely and execute it successfully.

BHEL

Support  becoming Resistance Theory Classic Example BHEL
BHEL is unable to cross its 1800 which was its short term support in the downfall which it witnessed after delivering bad set of numbers for last quarter.
Any Upside is possible only above 1780-1800 levels

Buy above 1782 Tgt..

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