NIFTY has broken trendline on weekly charts. Negative weekly divergence in various oscillators and lack of momentum. On daily charts, Nifty has support @ 4930 levels. Sell Nifty on every rise with SL above 5050 for first tgt. of 4800.
If RIL trades below 2070 on high volumes, sell with SL above 2100 levels.
Watch metals like TATASTEEL (maximum tgt. on upside is 550), STER carefully. Volumes are not supporting the higher prices. Reversal anytime soon.
RCOM has a crucial support around 230. Be cautious.
MARUTI has crucial support around 1460-1470 levels. Close below this, will crash to 1330 levels minimum. Weekly RSI has dipped below 70 for the first time since June.
If TATAMOTORS trades below 545 consistently intra-day, sell with SL above 545.
Disclosure: The trading calls given below carry inherent risk of "loss" which is your responsibility.
Blog Archive
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2009
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October
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- Book profits in IOB @ 123.5
- Sell IOB here @ 126.5
- SUZLON now @ 79.5; 77.5 is important support
- Nifty has crucial supports @ 4920-30 levels
- Exit TATASTEEL @ 545
- Exit SCI @ 142
- Book profits in NELCO
- Next Nifty support @ 4920-4930 levels
- Gold is forming symmetrical triangle on intra day ...
- Sell TATASTEEL below 533, first target 500
- Book profits in TATASTEEL @ 536
- Buy Shipping Corporation here @ 145 with SL below 142
- Sell TATASTEEL here @ 541 SL above 560
- Book profits in TATASTEEL @ 545
- Nelco UC today
- Book profits in NIFTY here @ 4989
- Dollar touched a new low yesterday but gold did no...
- Sell NIFTY here @ 5017 levels SL above 5030
- Exit INFOSYSTCH here @ 2232
- Sell TATASTEEL here @ 550 with SL above 560
- Book profits in Gold here @ 1064
- As already mentioned, watch for USD rebound around...
- Buy gold here @ $1049 with SL below $1047
- Nifty now @ 5076
- Sell NIFTY here @ 5090
- Exit Reliance here @ cost
- RELIANCE trading sideways because of ongoing RIL-R...
- Book profits in AMBUJACEM @ 91
- Exit CIPLA here @ 289
- Sell INFOSYSTCH here @ 2223 with SL above 2250
- Book profits in INFOSYSTCH @ 2217 levels
- Nelco 5% UC @ 80.5
- Apple results blows away estimates
- Exit POWERGRID @ 111.3 levels
- OPEN POSITIONS
- Book profits in ZEEL here @ 245
- Book profits in HCLTECH now @ 310
- Book profits in RCOM @ 242
- NELCO 5% up UC today
- USDIX
- Reliance MIP
- Dow might rally to 10300-10400 levels maximum (fil...
- Advance-decline ratio in DJIA decreasing steadily ...
- Galleon Insider-Trading Case Opens Window on Secre...
- Those who bought crude around $76 can book profits...
- Buy HCLTECH around 300 with strict SL below 299
- Buy INFOSYSTCH around 2170-2180 levels with SL bel...
- Buy IBSEC @ 55 with SL below 54
- INFOSYS support @ 2160-2170 levels
- NELCO breakout on high volumes. Buy
- MLL @ 65 now, book profits
- USD has closed below important support @ 75.8
- Crude oil onboard to first tgt. of $79-80
- Long Rice
- Crude oil breakout yesterday from symmetrical tria...
- POWERGRID
- RELIANCE tgt. 2300
- Hold AMBUJACEM shorts if you had initiated any yes...
- Book profits in IOC @ 630
- Buy CIPLA here @ 294 with SL below 289
- Buy RELIANCE if it trades consistently above 2200 ...
- Sell ZEEL here @ 257 with SL above 262 - tgt. 243
- Buy RCOM here @ 233 levels with SL below 225
- Mercator Lines
- AMBUJACEM
- Hold IOC short as positional
- NIFTY @ 5100 - Book profits here
- Buy NIFTY here @ 5085 levels
- RCOM bounced from our mentioned levels of 325
- Buy POWERGRID Intraday around 113 levels with SL b...
- POWERGRID
- Sell IOC here @ 638 with SL above 650
- SUZLON @ 89 now
- Will wait for RCOM to stabilize around these levels
- SUZLON
- RCOM
- BAJAJHIND
- TATASTEEL
- Nifty SL triggered
- Nifty takes U-turn from 4950 levels
- Nifty keep SL above 5080
- TATAMOTORS SL triggered
- Sell TATAMOTORS futures @ 530 (futures) levels wit...
- Sell Nifty around 4970 levels
- Bajaj Hindustan
- BAJAJHIND SL triggered
- IIP nos better than estimates; markets sideways
- Rice prices will go upward next quarter
- IIP nos. today
- BAJAJHIND SL sell @ 182.5
- Weekly readings 12.10.09
- China's style and yuan's ambition
- Washington starts cooking third stimulus
- DJIA, S&P - Caution: High voltage tripping hazard
- USD index showing +ve divergences in daily charts
- Believe It Or Not, In Defense of the Dollar
- Will the rupee rally continue?
- McNally Bharat
- Nifty exactly took support around 4930 levels today
- Sell Crude oil around $71.3 here
- Hold BAJAJHIND as positional
- Expecting multi-month USD rally
- Intermediate trend is up as long as Nifty holds 47...
- Nifty @ 4940
- Following only select stocks due to resource const...
- Keep a careful watch on HDIL which is touching 52-...
- Yesterday written to sell Nifty on every rise
- Sugar stocks looking strong
- Nifty has important support @ 4930 levels
- Wipro tgt. 551 achieved. Close positions
- Wipro keep trailing SL of 561
- Wipro @ 556 now. Book part profits and hold the re...
- Bajaj Hindustan - Buy above 189
- Real estate counters
- Wipro @ 561 now
- Infy results update..
- Sell Wipro futures around 575 with SL above 580
- Watch Infosys carefully
- Sell Wipro on every rise with SL above 580
- Stock market burst within one or two months: Jhunj...
- Expecting a multi-month rally in USD
- Sell Nifty on every rise
- Bajaj Hindustan trading in rectangle
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October
(123)