Sunday, April 18, 2010

post budget rally ENDS.








First lets have a glance at the week…that was.

Monday started with a mild negative opening, after last Fridays, smar recovery from 5293,,nifty levels.nifty made a high of 5282, on Monday, but could not cross 5299

Which was previous weeks high..and one of my important target/ resistance.

As I suggested..last Saturday that there is a pattern called BEARISH EXPANSION

Is developing, and nifty seems to start a correction…after remaining sideways for

Two days, nifty finally decided to break down.

On 16th ,I had given a sell call on nifty below 5307…and yesterday ,we did see 5246

For nifty.

NIFTY has broken down from the short term support line,,that was mentioned

In the chart ,presented to all .last Friday.

I can see supports for the coming week emerging at around 5188---5122 levels

For spot nifty…for these levels to come nifty has to move below 5240 and

Than 5203.

Now,,lets see where supports lies in some major stocks.

1) hdfc

I have been observing hdfc as major indicator for the markets since past six months or so….it remains ahead of all others..

AS one can see on the chart of hdfc..it has been moving in a rising channel post budget…yesterday it took support in this channel and at one support level 2640

So for the next week,,it will be very interesting to see how HDFC moves.

We will give a follow up during the week.

But do remember that a strong close below 2640…hdfc can drag down to

2575-----2509..

2) reliance

WITHOUT reliance , one cant predict Indian markets.

Here again the post budget rally was very steep and was a RISING WEDGE(A BEARISH PATTERN),,,

RELIANCE has supports around 1075---1053..if these two levels are held

We may see some bounce back coming from Wednesday around in reliance.

3) ICICI

Recently ICICI HAS been a major banking stock, over taking sbi.

And my major concern is ICICI.

IT has already broken out of a bearish expanding structure…it has supports

At around 905…and to take NIFTY up ICICI must trade and close above 964.

4) MARUTI

THE entire rally in our markets from march-09 lows , was started with huge contribution from auto stocks., which remained subdued in 2007—2008.

Maruti has been a leader of them.

I strongly FEEL that maruti has started a DEEP correction..

Maruti can find find support around 1239----1084.

So any rally in the coming week should be used to EXIT, AUTO STOCKS for

The medium term perspective.

5) SBI

As I HAD MENTIONED a few months back on my blog,,sbi had broken down from

A triangle pattern on weekly charts…and the rally started from around 1890 after budget , ..may have ended…as it found resistance at the trendline drawn on the chart.

Cmp 2047…if sbi closes below 2006..in coming days…it will have serious damaging

Effects on our markets for short---medium term.

LAST BUT NOT THE LEAST…

I have given a weekly chart of nifty…in which you can see a PARRALEL CHANNEL DRAWN .

OUR markets will enter a deep correction ONLY as AND WHEN nifty breaks below the support line ( THE lower channel line) drawn on the chart.

So, expect SUPPORTS at the lower line in coming weeks..

We , will PRESENT you some trading ideas FOR some small-mid cap stocks

For the week on Monday,, before markets.

DO REMEMBER that i was among very few firsts, who dared to say a buy call on nifty 2 days before the MEGA event, called budget, and i had given nifty target 5398 , almost 20 days before..recent nifty high was 5399,,,and on 8th april, i boldly said :"A TOP ".....WHEN NIFTY TRADED at around 5370.


To get the best of me intraday,,join us on our sms service at www.twist4nifty.com.

Thursday, April 15, 2010

A CLOSE BELOW THE SUPPORT LINE

Monday, April 12, 2010

my calls

Date
Scripts Buy / Sell
Hint Rate Stoploss Target Result
09-04-10 Nifty Buy Above 5315 5303 5335-5355 TgT hit
Tata Steel
Buy Buy when nifty crosses 5315
671 683
Axis Bank
Buy 1172 1168 1188-1193 1196
Bata Buy Delv. Based
247 258
Lic. h. fin
Buy BTST 911
08-04-10 Nifty Sell Below
5348 5365 5310 5293
07-04-10
Astral Buy Above 203 201 206-208-213High 214
Federal Bank
Buy Above 281 278 285-287-290 286
Aban Fut
Buy Above 1251 12431261-1273
Sl Triggerd
TAta Steel
Buy In cash
688 683 693-699 booked at 79
Acc Buy 974 968 979-984 Exit price to price
5300 Put
Buy 53 49 61-69high 63
high 94 as nifty below 5348
Nifty
Sell Below 5378 and sell below 5348 even tomorrow
below 5378 5348
Axis Sell If below
7759 1167 1152-1147 Tgt Booled And
High 1159
06-04-10 Omax Auto
Buy Buy And Hold
Around 62 59 66-69Not Triggerd
India Glycol
Buy Buy And Hold
Around 147
142 153-158 152
Jai Corp
Buy Above 274 271 278-281 490 at 08-04-10
Goldyne Buy Above
742 738 748-753Not Triggerd
Nifty Sell Below 5349 5358 5329-5314 Not Triggerd
Rel Infra Fut
Buy 1082 1074 1090-1096booked at 1196
high 1099
05-04-10Bajaj Steel
Buy 285 282 288-292 299
Bharti Ship
Buy 263 260 267-270 275
Sun Tv
Buy 435 431 439-445 Not triggerd
Jsw Buy Cmp 1266
Booked at 1287
Jmc project
Buy 188 181 200 207
Polaris Buy 171 167 177-187 175
Unitech Buy 75 74 78-81 Booked at 77
Century Text.
Buy 527 522 532-538 541
01-04-10 Nifty Buy 5348 5378
Cipla Buy 338 351
Voltas Buy
Aries Agro
113
Ajanta Pharma
181 200
Genus Power Infra
169 160 178
Jayswal Nicco

42 39 48
Jsw Steel
Buy 1253 Booked at 1287
Abg Ship
Buy 254 248 267







my calls

Date Scripts Buy/Sell Hint Rate Stoploss Target Result
31-03-10
Aban Sell Below 1156 1167 1148
Hindalco Sell Below 182 184 179-177TgT hits 179
Axis Fut
Sell Below 1160 1146
Aban
Yday positinal from1174 to
1156 can book
Axis Yday1172 1187 to
1172 can book
Icici Fut
Buy Above 966 961 971-978970
Lic. h. Fin.
Sell Below880 864
30-03-10Jsw
Sell
Below
1252 1262 1245-1236 1225
Aban SellBelow 1174 1180 1162-1156TgT hits 1162
Abb SellBelow 815 820 809-803-798not triggerd
Acc yday call given
966 can book
Axis bank
Sell
1187 1196 Hits 1182 can book
Ranbaxy Sell Below 471 476 467-462464 on 090310
Kotak Sell Below 742 748 735-730not triggerd
29-03-10
Supreme industry
Buy
Above
476 472 482-486 TgT hits HIgh 509
Guj. Nre. coke
Buy Delevery 83 91-94TgT hits High 94
Punjloyd Buy In cash
182 high 192
Chennai Petro
Buy 288
278 293-298298 on 300310
Lic. h. fin.
Buy Up almost 9/- rs book
820 839 can book
Hdil Buy In cash
289.50 285 293-296 293 on 300310
Acc Buy In cash
955 959-964 969 on 300310
26-03-10Icici
BTST Book
940
Educomp
BTST given
767
25-03-10Honda siel
Buy
Buy and Hold
365

380-393
375
Kennametal
BSE 505890
Buy Buy and hold
326 339-342-354All TgT hits high 364
Crompton greaves
Buy
Above
256

269-278
274 on010410
Aksh optifiber
BSE 532351
Buy 23 28 on 010410
Ceat Buy 162 157 Stoploss triggerd
Educomp Buy Above 769 783 on 260310
Reliance Cap
Buy In cash / if above
774 770 781-787 TgT hits 781
Areva Buy 290 315-322
Educomp Buy BTST
Icici Buy BTST
22-03-10Dlf
Sell
304.80 308 299.297293 on 230310
eDucomp Sell If trade below 755
761 748
19-03-10 Sintex buyDelv. / buy around
273 268 283314 on 090410
Irb infra
buy Around 265 261 273-278High 297 at 07-04-10
Mahavir Spinning
buy Above 239 235 246-253TgT 253 hit
Parental Drugs
buy Above 221 225 228-234 228 on010410
Bharti shipyard
buy Above 259 256 264-268273 on 220310
Jktyre buy Above 208 206 212-215 211 booked
Jsw Sell Below 1240 1244 1236-1228 1220 on 220310
Sterlite Sell Below 829 834 810 on 220310
Nifty Sell Below 5249 5263 5187 on 220310
18-0310 Nifty buy Above 5257 5243 5277-5289 booked at 5275
5200 put
buy above 35
31 cmp
29.50 sl triggerd
Acc buy btst 967 982
17-03-10
Lic h.
buy 833 828 840-847
booked at loss at 830
Acc buybuy now or above 972
968 963 979-983 979
Rel infra
buy 1017 10141021-1028
sl triggerd
Jsw buy above 1221 1227-1232 exit 1227
Larsen given at 1590 as btst
1630
Dlf given as btst 312
320
Century text
given as btst 520
531
16-03-10
jsw
Buy Above 1190 1184 1208
icici sell 916 919 913-910 912.50
Ster Sell 922 924 916815.50
tata steel
sell 608 611 602
Nifty Decisive move in nifty above 5149

High 5177 once abive 5149
Today high 5217
Rel Cap
Buy Above 791 788 794-798-803798 -802
Tata stell
Buy 618 614 628
larsen Buy BTST 1591 1580 1610-16231609
Dlf BuyBTST
312
Century Buy BTST 521
15-03-10Dlf
buyif trade above
215
jp asso
buy if trade above
148 154 on 190310
Tata steel
buy Above 618 612 631 on 160310
Jsw
buy Above 1189 1182 1202 on 160310
Acc Sell if fut trades below 967
968.50 971 cover around 960
low 953 on 160310
14-03-10 Tata power
Buy Buy n hold
1352
1320
1400-1450
1395 on 180310
Nifty buybuy with closing sl 5119..can move up by 100-150 points in 3 days
high 5267 on wednesday
11-03-10Tata steel
buy above 618 614 624-628 629 on 160310
idbi cash
buydelv
121 118126
127 on 070410
kalyani steel
buy 220 225226-229-234
244 on 070410
sterlite buyabove
811 818843 on 170310
Axis was yday 1136 touches 1148
lic h. fi. fut
buyabove
820
815833-840
835on 170310
lic h fi. fut
or above 826 in cash
icici buy 927 intra can book
923
920927-934
high 936
10-03-10 Prajbuy
88 8690-92
sl triggerd
sesa goa
buy above 448 in cash
cmp 435
trade not triggerd
tata steel fut
buy above 619 614 626-621not triggerd
Axis buy
1129
11261134-1136
tata steel;
sell
positional sell below 601
607
612601
sterlite
sellpositional
800 809

Thursday, April 8, 2010

A TOP

a few days back , i wrote here that first we need an euphoria----a madness to buy stocks, at high prices,,without any fear in the minds of traders. second important thing was my target----resistance levels for nifty which were 5398---5420,, i cearly said that ,it will be very interesting to observe what nifty does at these levels.

Suddenly i found an expanding structure in nifty, two days back. i posted the chart with that structure ,giving a hint of a top.

yesterday there was a STAR candle pattern ,which suggested INDECISIVENESS and it needs a follow up down- side move to convert the ongoing BULLISH-NESS to BEARISH- NESS.

If we look at the eod charts, we have AN EVENING STAR candle pattern .which is strongly bearish.

watch my levels for support---resistance ,gere tomorrow.