Stock Tips and Nifty Tips 30/04/2015

NIFTY OUTLOOK FOR 30/04/2015

BULLS DEFEND 8200 IN TRADING,
NIFTY CLOSES AT 8239 AFTER TOUCHING 8308,
NOW THE PIVOT PLACED AT 8311,
NOW 200DMA IS @8267,

GLOBAL TRENDS GETTING VOLATILE,
SETTLEMENT DAY ON THE WAY,
LOT OF VOLATILE MOVES EXPECTED ON THURSDAY,

ABOVE 8355 IT IS BULLS AREA,
BULLS CAN MOVE TOWARDS 8511 AND 8600,
BEARS ARE ALSO ACTIVE,
BELOW 8200 BEARS HAVE TARGET AT 8022 AND AT 7821,

THE FOLLOWING PATTERN HAVE SOME VALUE
AS LONG AS NIFTY TRADE BELOW 9119,

THE HIGH ON 30/01 WAS 8996,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8311,
ABOVE 8355 BULLS CAN TARGET 8488 AND 8577,
BELOW 8266 BEARS CAN TARGET 8133 AND 8044,

• Buy Canara Bank with a target of Rs 574: Sandeep Wagle
  'Canara Bank Ltd is a 'BUY' call with a target of Rs 574 and a stop loss of Rs 535'
  
  

• Buy Century Textiles with a target of Rs 720: Sandeep Wagle
  'Century Textiles Ltd is a 'BUY' call with a target of Rs 720 and a stop loss of Rs 675'
  
  
• Buy Axis Bank with a target of Rs 560: Prakash Gaba
  'Axis Bank Ltd is a 'BUY' call with a target of Rs 560 and a stop loss of Rs 535'
  
  
• Buy Bharat Forge with a target of Rs 1,300: Prakash Gaba
  'Bharat Forge Ltd is a 'BUY' call with a target of Rs 1,300 and a stop loss of Rs 1,215'
  
  
• Buy Hindustan Zinc with a target of Rs 174: Prakash Gaba
  'Hindustan Zinc Ltd is a 'BUY' call with a target of Rs 174 and a stop loss of Rs 168'
  
  
• Sell REC with a target of Rs 300: Mitesh Thacker
  'REC Ltd is a 'SELL' call with a target of Rs 300 and a stop loss of Rs 317'

Stock Tips and Nifty Tips 29/04/2015

NIFTY OUTLOOK FOR 29/04/2015

BEARS TESTED THE LOW 8185,
AFTER LOT OF CONSOLIDATION, BULLS MANAGE
TO RECOVER UP TO 8307 AND NIFTY
CLOSES AT 8285 ABOVE THE 200DMA@8264,
AND NOW THE PIVOT MOVES UP TO 8333,

ABOVE 8377 IT IS BULLS AREA,
BULLS CAN MOVE TOWARDS 8511 AND 8600,

BUT TODAY ALSO NIFTY CLOSE BELOW THE PIVOT AND
BEARS ALSO ACTIVE,
BELOW 8200 BEARS HAVE TARGET AT 8022 AND AT 7821,

THE FOLLOWING PATTERN HAVE SOME VALUE
AS LONG AS NIFTY TRADE BELOW 9119,

THE HIGH ON 30/01 WAS 8996,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8333,
ABOVE 8355 BULLS CAN TARGET 8488 AND 8577,
BELOW 8266 BEARS CAN TARGET 8133 AND 8044,

Buy Maruti Suzuki with a target of Rs 3,840: Prakash Gaba

'Maruti Suzuki is a 'BUY' call with a target of Rs 3,840 and a stop loss of Rs 3,680'

Sell Hindustan Unilever with a target of Rs 840: Prakash Gaba

'Hindustan Unilever is a 'SELL' call with a target of Rs 840 and a stop loss of Rs 864'

Buy Concor with a target of Rs 1,700: Prakash Gaba

'Container Corporation is a 'BUY' call with a target of Rs 1,700 and a stop loss of Rs 1,620-1,625'

Nifty breaks 200 DMA, FII FnO Data Analysis

• FII’s sold 19.1 K contract of Index Future worth 420 cores,12.1 K Long contract were squared off   by  FII’s and 7 K  short contracts  were added by FII’s. Net Open Interest decreased  by 12.6 K contract.Motivational Video for Traders :Bamboo Lesson

•  Nifty again formed a lower low @8202  and broke its last swing low of 8269 and 200 DMA.Biggest Problem with our market is World Markets are trading at life highs but Indian market are trading at 1 Month low suggesting their is some intrinsic problem with Indian market showing so much under performance. Finally  Murry Math Line also broke on downside as Nifty corrected 652. Biggest correction in this bull market is 666 points. Gunner also near its green arc and if broken we can move towards 8124/8073 odd levels.  Pyrapoint has been giving clear cut sell bullish only on close above 225 degree line.

• Nifty April Future Open Interest Volume is at 1.76 core with liquidation of 19 lakhs with decrease in cost of carry suggesting  long position got closed.Rollover has started and we are seeing 21.3% rollover in market till date.

• Total Future & Option trading volume was   at 3.74 core with total contract traded at 5.3 lakh. PCR @0.77 getting in oversold zone.

• 8500  CE  OI at 50.5  lakh , wall of resistance @ 8500 .8200/8400 CE saw addition of 41.4  lakhs ,so  bears who added aggressively in and added 1172 lakh in past 8 trading session, so bears are still adding on to positions. FII bought 23.6 K  CE longs and 26.7 K CE  were shorted  by them.

• 8200 PE OI@ 46.1  lakhs so strong base @ 8200.  8400/8600 PE liquidated 25.6   lakh so bulls are stuck with panic still no addition seen in PE .  FII sold 21.5 K PE longs were squared off  and 9.6 K PE  were shorted  by them. 
  

• FII’s sold 1749 cores  in Equity and DII’s bought 1667  cores in cash segment.INR closed at 63.48.

• Nifty Futures Trend Deciding level is 8260 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8376 and BNF Trend Deciding Level 17896 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 18451 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .  

Buy above 8251 Tgt 8290,8310 and 8335 (Nifty Spot Levels)

Sell below 8202 Tgt 8190,8165 and 8118(Nifty Spot Levels)

Stock Tips and Nifty Tips 28/04/2015

NIFTY OUTLOOK FOR 28/04/2015

TODAY HIGH IS 8334,
LOW IS 8203, NIFTY CLOSES @8213,
THIS IS A CLOSE WELL BELOW THE 200DMA@8260,
AND THE PIVOT SLIP DOWN TO 8311,

BULLS MAY TRY TO REBOUND ABOVE 8260 ON TUESDAY,
BUT A CLOSE ABOVE 8355 NEEDED TO
TERMINATE THIS BEARISH ATTACK,

BELOW 8200 BEARS HAVE TARGET AT 8022 AND AT 7821,

THE FOLLOWING PATTERN HAVE SOME VALUE
AS LONG AS NIFTY TRADE BELOW 9119,

THE HIGH ON 30/01 WAS 8996,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8311,
ABOVE 8355 BULLS CAN TARGET 8488 AND 8577,
BELOW 8266 BEARS CAN TARGET 8133 AND 8044,

Sell PTC India with a target of Rs 66: Mitesh Thacker

'PTC India is a 'SELL' call with a target of Rs 66 and a stop loss of Rs 73.50'

Sell JSW Energy with a target of Rs 100: Mitesh Thacker

'JSW Energy is a 'SELL' call with a target of Rs 100 and a stop loss of Rs 112'

Sell Apollo Hospitals with a target of Rs 1,200: Ashwani Gujral

'Apollo Hospitals is a 'SELL' call with a target of Rs 1,200 and a stop loss of Rs 1,250'

Sell M&M Financial with a target of Rs 254: Ashwani Gujral

'M&M Financial Ltd is a 'SELL' call with a target of Rs 254 and a stop loss of Rs 270'

Buy Maruti Suzuki with a target of Rs 3,700: Ashwani Gujral

'Maruti Suzuki Ltd is a 'BUY' call with a target of Rs 3,700 and a stop loss of Rs 3,580'

Bank Nifty Weekly Analysis for 27-30 April

Last week we gave the Chopad level of 18496 Bank Nifty achieved 3 target on downside   and got stopped out on upside .Lets analyze how to trade next week.

 Bank Nifty Hourly

Bank Nifty on hourly charts is entering the demand zone where it got bounced before also,17800 if held can see 300-400 point bounce in bank nifty.

Bank Nifty Hourly  EW Daily

Hourly Elliot wave analysis is shown,17800/17750  will play crucial role in coming week.

Bank Nifty Pyrapoint Indicator

Resistance @135 degree line @18400, support at 180 degree line @ 17800.

Supply Demand Zone

Bank Nifty Channel

Taking support in  channel and again closed below its 100 DMA. heading towards 200 DMA.

Bank Nifty Harmonic

Almost done with one round of fall can see pullback if 18450/500.

Bank Nifty EW Daily

Use dips to keep accumulation quality banking stocks. 

Bank Nifty Market Profile

As per Market Profile 18116 should be watched in coming week  below that 17412/17800  is short term target. Above it can move towards 18509/18700

Bank Nifty Daily Gunner

On Daily chart near important Gunner resistance @1*2 line,unable to cross the same can see deeper fall.

Bank Nifty Gann Dates

Bank Nifty As per time analysis 28 April/30 April  is Gann Turn date , except a impulsive around this dates. Last week we gave 20 April/23 April Day  and Bank Nifty saw a volatile move on both the days .

Fibonacci technique

Fibonacci Fans

Close near its 38.2 % retracement as per FF

78.6 % number is 18231 should be watched.

Bank Nifty Weekly

It was negative week, with the Bank Nifty down by 343 points  closing @18001  , closing below the support line of Andrew Pitchfork  and closing below its 20 WSMA @18001 unable to cross above 20WSMA can head towards 50 SMA@17111 .As per gunner heading towards green arc.

Bank Nifty Weekly  Gunner

Bank Nifty Monthly

Bank Nifty On Monthly chart prices got reject on higher end of Fibonacci channel now approaching the 61.8% retracement.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:18036

Bank Nifty Resistance:18166,18426,18686

Bank Nifty Support:17906,17776,17516

Stock Tips and Nifty Tips 27/04/2015

NIFTY OUTLOOK FOR 27/04/2015

THE WEEKLY HIGH IS @8619,
THE LOW IS @8273,
NIFTY CLOSES JUST ABOVE THE LOW @8305,
NOW THE WEEKLY PIVOT IS @8400,

BEARS ARE TRYING TO TEST THE 200DMA NOW @8257,
BULLS ARE HAVING LOT OF HOPES @THIS 8244-66 LEVEL,

NIFTY MAY BOUNCE FROM THE ABOVE LEVEL
TO 8577 IN THIS WEEK AHEAD,
THIS IS 50% RETRACEMENT FOR THE DOWN MOVE FROM 8844 TO 8273,

BUT CLOSING BELOW 200DMA @8257 WILL BRING
LOT OF PANIC SELLING AND MORE DOWN SIDE TO THE NIFTY,
CAUTION NEEDED BELOW 8244,
EXIT FROM ALL THE LONGS IF NIFTY CLOSES BELOW 8544,

THE FOLLOWING PATTERN HAVE SOME VALUE
AS LONG AS NIFTY TRADE BELOW 9119,

THE HIGH ON 30/01 WAS 8996,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8400,
ABOVE 8444 BULLS CAN TARGET 8577 AND 8666,
BELOW 8355 BEARS CAN TARGET 8222 AND 8133,

Sell Cipla with a target of Rs 615: Ashwani Gujral

Sell Cipla with a target of Rs 615 and a stop loss of Rs 650.

Sell Century Textiles with a target of Rs 685: Ashwani Gujral

'Sell Century Textiles with a target of Rs 685 and a stop loss of Rs 715'

Buy NCDEX chana with a target of Rs 4,080: Manoj K Jain

'Buy NCDEX chana with a target of Rs 4,080 and a stop loss of Rs 3,960'

Sell MCX crude with a target of Rs 3,520: Manoj K jain

'Sell MCX crude with a target of Rs 3,520 and a stop loss of Rs 3,650'

Stock Tips for 24/04/2015

NIFTY OUTLOOK FOR 24/04/2015

BULLS MADE A PULL BACK IN THE OPENING HOURS,
BUT BEARS ARE SELLING IN ALL RAISES,
NIFTY TEST 8504 AND CLOSES AT 8398,
NOW THE PIVOT SLIP DOWN TO 8466,

NIFTY HAVE SUPPORT AT 8288-311 LEVEL,
HOPES ARE THERE NIFTY MAY JUMP A LITTLE
FROM HERE TO 8488 LEVEL,
BULLS HAVE SOME WORK ONLY ABOVE 8511,

THE FOLLOWING PATTERN HAVE SOME VALUE
AS LONG AS NIFTY TRADE BELOW 9119,

THE HIGH ON 30/01 WAS 8996,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8688,
ABOVE 8733 BULLS CAN TARGET 8866 AND 8955,
BELOW 8644 BEARS CAN TARGET 8511 AND 8422,

Buy DHFL with a target of Rs 481: Ashwani Gujral

'DHFL Ltd is a 'BUY' call with a target of Rs 481 and a stop loss of Rs 450'

Buy Ramco Industries with a target of Rs 94: Ashwani Gujral

'Ramco Industries Ltd is a 'BUY' call with a target of Rs 94 and a stop loss of Rs 79'

Buy JSW Holdings with a target of Rs 1,220: Mitesh Thacker

'JSW Holdings Ltd is a 'BUY' call with a target of Rs 1,220 and a stop loss of Rs 1,130'

Buy Yes Bank with a target of Rs 860: Ashwani Gujral

'Yes Bank Ltd is a 'BUY' call with a target of Rs 860 and a stop loss of Rs 825'

Stock Tips and Nifty Tips 23/04/2015

NIFTY OUTLOOK FOR 23/04/2015

BEARS MADE A LOW OF 8284,
BULLS FIGHT BACK TO SEE NIFTY ABOVE 8400,
NIFTY CLOSES AT 8429,
THE WEEKLY PIVOT PLACED AT TO 8533,

NIFTY HAVE SUPPORT AT 8288-311 LEVEL,
HOPES ARE THERE NIFTY MAY JUMP A LITTLE
FROM HERE TO 8488 LEVEL,
BULLS HAVE SOME WORK ONLY ABOVE 8577,

THE FOLLOWING PATTERN HAVE SOME VALUE
AS LONG AS NIFTY TRADE BELOW 9119,

THE HIGH ON 30/01 WAS 8996,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8688,
ABOVE 8733 BULLS CAN TARGET 8866 AND 8955,
BELOW 8644 BEARS CAN TARGET 8511 AND 8422,

Sell HDFC Bank with a target of Rs 965: Mitesh Thacker

'Sell HDFC Bank with a target of Rs 965 and a stop loss of Rs 1,011'

Sell Bank of India with a target of Rs 210: Mitesh Thacker

'Sell Bank of India with a target of Rs 210 and a stop loss of Rs 222.'

Sell Asian Paints with a target of Rs 760: Mitesh Thacker

'Sell Asian Paints with a target of Rs 760 and a stop loss of Rs 783'

Buy Page Industries with a target of Rs 13,950: Sandeep Wagle

Buy Page Industries with a target of Rs 13,950 and a stop loss of Rs 13,320.

Sell NTPC with a target of Rs 149: Prakash Gaba

'Sell NTPC with a target of Rs 149 and a stop loss of Rs 153'

Stock Tips and Nifty Tips 22/04/2015

NIFTY OUTLOOK FOR 22/04/2015

TODAY NIFTY HIT THE LOW OF 8353 AND
CLOSES AT 8377,
THE WEEKLY PIVOT SLIP DOWN TO 8533,

NIFTY HAVE SUPPORT AT 8311-33 LEVEL,
HOPES ARE THERE NIFTY MAY JUMP A LITTLE
FROM HERE TO 8488 LEVEL,
BULLS HAVE SOME WORK ONLY ABOVE 8577,

THE FOLLOWING PATTERN HAVE SOME VALUE
AS LONG AS NIFTY TRADE BELOW 9119,

THE HIGH ON 30/01 WAS 8996,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8688,
ABOVE 8733 BULLS CAN TARGET 8866 AND 8955,
BELOW 8644 BEARS CAN TARGET 8511 AND 8422,

Buy Adani Enterprises with a target of Rs 663: Adani Enterprises

'Buy Adani Enterprises with a target of Rs 663 and a stop loss of Rs 632'

Buy NCC with a target of Rs 110: Ashwani Gujral

'Buy NCC with a target of Rs 110 and a stop loss of Rs 97'

Sell Apollo Hospitals with a target of Rs 1,200: Sandeep Wagle

'Sell Apollo Hospitals with a target of Rs 1,200 and a stop loss of Rs 1,270'

Sell Dish TV with a target of Rs 73: Sandeep Wagle

'Sell Dish TV with a target of Rs 73 and a stop loss of Rs 80.50'

Sell Hindalco with a target of Rs 131: Sandeep Wagle

'Sell Hindalco with a target of Rs 131 and a stop loss of Rs 138'

Gold and Silver charts: an update

Gold Chart Pattern

The bear market rally on the daily bar chart pattern of gold appears to have ended. In the previous post, the possibility of an upward break out from an ‘inverse head and shoulders’ pattern (with a neckline at 1220) was mentioned. But it turned out to be a case of pattern failure.

Gold’s price had made one abortive attempt to break out above the neckline at 1220. It subsequently dropped into a consolidation range between 1180 and 1210. It closed just below the 20 day EMA, and is trading well below its falling 200 day EMA in a bear market.

Technical indicators are turning bearish. MACD is moving sideways just above the ‘0’ line. RSI has slipped below its 50% level. Slow stochastic formed a ‘double top’ reversal pattern and dropped below its 50% level.

Strong volumes on recent down-days indicate that bears are beginning to regain control.

On longer term weekly chart (not shown), gold’s price faced resistance from its 20 week EMA, and is trading below its three weekly EMAs in a long-term bear market. Technical indicators are in bearish zones, and showing signs of downward momentum.

Silver Chart Pattern

The daily bar chart pattern of silver failed to sustain above the 17 level. Bear selling dropped silver’s price below its 20 day and 50 day EMAs, and the 16 level. The brief bear market rally during Mar ‘15 is over.

Daily technical indicators are in bearish zones. MACD is falling below its signal line in negative territory. RSI is below its 50% level and showing downward momentum. Slow stochastic has re-entered its oversold zone.

Strong volumes on down-days is a sign of bear dominance. Silver’s price may again test support from the zone between 15 and 15.50.

On longer term weekly chart (not shown), silver’s price closed well below its three weekly EMAs in a long-term bear market. Technical indicators are in bearish zones, and showing strong downward momentum.