Stock Tips and Nifty Tips 29/07/2015

NIFTY OUTLOOK FOR 29/07/2015

8333 LEVEL GIVING SUPPORT,
CONSOLIDATION GOING ON,
NIFTY CLOSES AT 8337,
PIVOT SLIP DOWN TO 8466,

BEARS ARE ACTIVE NOW,
8288 IS NEXT TARGET FOR BEARS,

WE HOPE NIFTY MAY TEST 8511 BEFORE MAKING
ANOTHER DOWN MOVE,
BUT BULLS HAVE TO SEE A CLOSE ABOVE 8511 FOR
ANOTHER UP MOVE TOWARDS 8733 AND 8822,

AS POSTED HERE,
GURU SHIFTED IN TO THE SIMMAM HOME,
GURU WILL SAIL IN SIMMAM HOME UP TO 21/12/2015,
ON 22/12/2015 GURU WILL SHIFT IN TO KANYA HOME,
IN 5.5 MONTHS GURU WILL PASS OVER SIMMAM HOME,
NORMALLY IT WILL TAKE ONE YEAR,

THIS EXPRESS MOVE WILL BRING FAST GREEN TO EQUITY
MARKETS, NIFTY WILL SET RECORD HIGH BEFORE 21/12/2015,
BANK NIFTY WILL CONTRIBUTE MORE AND MORE,
AVOID SHORTING NIFTY AND BANK NIFTY UP TO 21/12/2015,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8466,
ABOVE 8555 BULLS CAN TARGET 8733 AND 8822,
BELOW 8466 BEARS CAN TARGET 8377 AND 8288,

Sell Aditya Birla Nuvo with a target of Rs 2,210: Sandeep Wagle

'Aditya Birla Nuvo Ltd. is a 'SELL' call with a target of Rs 2,210 and a stop loss of Rs 2,110'

Sell Hindustan Zinc with a target of Rs 150: Sandeep Wagle

'Hindustan Zinc Ltd. is a 'SELL' call with a target of Rs 150 and a stop loss of Rs 160'

Sell Reliance Infra with a target of Rs 372: Sandeep Wagle

'Reliance Infrastructure Ltd. is a 'SELL' call with a target of Rs 372 and a stop loss of Rs 399'

Buy IGL with a target of Rs 490: Sandeep Wagle

'IGL Ltd. is a 'BUY' call with a target of Rs 490 and a stop loss of Rs 460'

Buy M&M with a target of Rs 1,380: Sandeep Wagle

'M&M Ltd. is a 'BUY' call with a target of Rs 1,380 and a stop loss of Rs 1,311'

Stock Tips and Nifty Tips 28/07/2015

NIFTY OUTLOOK FOR 28/07/2015

SIT CONCENTRATE ON P-NOTES,
FII’S SELL LIKE ANYTHING,
NIFTY LOOSE 160POINTS AND CLOSES AT 8361,
PIVOT SLIP DOWN TO 8466,

BEARS ARE ACTIVE NOW,
8377 DONE TODAY AND 8288 IS NEXT TARGET FOR BEARS,

NIFTY MAY TEST 8511 BEFORE MAKING
ANOTHER DOWN MOVE,
BUT BULLS HAVE TO SEE A CLOSE ABOVE 8511 FOR
ANOTHER UP MOVE TOWARDS 8733 AND 8822,

AS POSTED HERE,
GURU SHIFTED IN TO THE SIMMAM HOME,
GURU WILL SAIL IN SIMMAM HOME UP TO 21/12/2015,
ON 22/12/2015 GURU WILL SHIFT IN TO KANYA HOME,
IN 5.5 MONTHS GURU WILL PASS OVER SIMMAM HOME,
NORMALLY IT WILL TAKE ONE YEAR,

THIS EXPRESS MOVE WILL BRING FAST GREEN TO EQUITY
MARKETS, NIFTY WILL SET RECORD HIGH BEFORE 21/12/2015,
BANK NIFTY WILL CONTRIBUTE MORE AND MORE,
AVOID SHORTING NIFTY AND BANK NIFTY UP TO 21/12/2015,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8466,
ABOVE 8555 BULLS CAN TARGET 8733 AND 8822,
BELOW 8466 BEARS CAN TARGET 8377 AND 8288,

Sell Reliance Infra with a target of Rs 378: Sandeep Wagle

'Reliance Infra Ltd. is a 'SELL' call with a target of Rs 378 and a stop loss of Rs 400'

Sell Hero MotoCorp with a target of Rs 2,560: Sandeep Wagle

'Hero MotoCorp Ltd. is a 'SELL' call with a target of Rs 2,560 and a stop loss of Rs 2,660'

Sell Punjab National Bank with a target of Rs 127: Mitesh Thacker

'Punjab National Bank is a 'SELL' call with a target of Rs 127 and a stop loss of Rs 139

Nifty breaks 20/100/200 DMA, FII FnO Data Analysis

• FII’s sold 65 K contract of Index Future worth 1413 cores ,31.9 K Long contract were squared off  by FII’s and 33 K  short contracts  were added by FII’s. Net Open Interest increased  by 1 K contract, so today’s fall was used by FII’s to enter  shorts and exit longs in index futures . Why Dalal Street jitter on participatory notes?

• Nifty broke the Pyrapoint support of 8500 in morning and started declining with every rise being sold. Nifty has formed three black crow candlestick pattern which is having bearish implication as in single session market broke its 20/100/200 DMA and trading precariously near its 50 DMA. 9 days of rise got sold in 3 trading sessions as we have expiry till nifty does not close above 8398 bulls should not take fresh positions. Bullish only on close above 8398, Break of 8300 can see quick move towards 8200/8150 in extreme short term.
  

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• Nifty July Future Open Interest Volume is at 1.79 core with liquidation of 20 Lakh, with decrease in CoC suggesting  short  positions got closed today.
  

• Total Future & Option trading volume was   at 4 core with total contract traded at 5.4  lakh. PCR @0.85

• 8600  CE  OI at 58.8  lakh , wall of resistance @ 8600 .8300/8500 CE added huge 54.5 lakh so bears gave a big blow to bulls in single session . FII bought 11.8 K CE longs and 3.4 K  CE were shorted by them.Retail bought 327 K CE contracts.Retailers buying CE and market going down.

• 8300 PE OI@ 48 lakhs so strong base @ 8300.  8400/8700 PE  liquidated 40  lakh so major liquidation seen in  8500/8600 PE as nifty was unable to break 8650 and bulls ran for cover . FII bought 53.1 K PE longs and 2.4 K PE were shorted by them.Retail sold 236  K PE contracts.

• FII’s sold 859 cores in Equity and DII’s sold 238 cores in cash segment.INR closed at 64.16

• Nifty Futures Trend Deciding level is 8423 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8475 and BNF Trend Deciding Level 18348(For Intraday Traders) BNF Trend Changer Level (Positional Traders) 18687 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy above 8370 Tgt 8398,8420 and 8450 (Nifty Spot Levels)

Sell below 8340 Tgt 8310,8280 and 8260 (Nifty Spot Levels)

TRADING STRATEGY FOR 27TH JULY 2015

TheMARKET closed the week lower amid concerns about logjam in the monsoon session of Parliament owing to stiff opposition by the political parties led by Congress over resignations of several ministers allegedly involved in various controversies. The Sensex closed the week at 28112 losing over 350 points or 1.23% while the Nifty ended at 8521 down by 88 points as investors indulged in profit taking on weak sentiment. The market this week may remain volatile as July 2015 F & O derivative series expires this Thursday. The market will be keenly watching next batch of quarterly results namely Maruti, Dr. Reddy, HDFC, L&T, ITC among others which may set the market trend. Readers are advised toTRADE with caution.

NIFTY FUTURE (Last close 8534.35)
The counter closed the week losing 90 points or over 1% amid high volatility and intra week swing of 176 points. The counter this week may remain volatile as July’15 F&O series expires this Thursday and may remain in the range of 8446-8622, break above it may move up to 8658/8689 or else break below it may slide to 8391/8377. For today’sTRADING the counter to gain strength needs to trade and remain above 8555.75 whereby it may move up to 8574/8588. Strong support for the counter exists at 8519.25 which if breached decisively with volumes then it may slide to 8498/8473.

BANK NIFTY FUTURE (Last close 18675.95)
The counter closed the week losing a whopping 472 points amid high volatility and intra week swing of 544 points. The counter this week may remain in the range of 18508-18853, break above it may move up to 18927/18988 or else break below it may slide to 18419/18326. For today’s trading the counter to gain strength needs to trade and remain above 18719.75 whereby it may move up to 18761/18819. Strong support for the counter exists at 18632.25 which if breached decisively with volumes then it may slide to 18587/18540.

Stock Tips and Nifty Tips 27/07/2015

NIFTY OUTLOOK FOR 27/07/2015

NIFTY TRADE BETWEEN 8500-8650 IN LAST WEEK,
CLOSES AT 8521, PIVOT PLACED AT 8555,
GLOBAL MARKETS TURNING IN TO RED,
PARLIAMENT UNREST BRING MORE RED,
WE HAVE TO START THE WEEK WITH CAUTION,

BEARS WILL START THE INNINGS BELOW 8511,
8377 AND 8288 ARE WEEKLY TARGET FOR BEARS,

BULLS HAVE TO SEE A CLOSE ABOVE 8600 FOR
ANOTHER UP MOVE TOWARDS 8733 AND 8822,

AS POSTED HERE,
GURU SHIFTED IN TO THE SIMMAM HOME,
GURU WILL SAIL IN SIMMAM HOME UP TO 21/12/2015,
ON 22/12/2015 GURU WILL SHIFT IN TO KANYA HOME,
IN 5.5 MONTHS GURU WILL PASS OVER SIMMAM HOME,
NORMALLY IT WILL TAKE ONE YEAR,

THIS EXPRESS MOVE WILL BRING FAST GREEN TO EQUITY
MARKETS, NIFTY WILL SET RECORD HIGH BEFORE 21/12/2015,
BANK NIFTY WILL CONTRIBUTE MORE AND MORE,
AVOID SHORTING NIFTY AND BANK NIFTY UP TO 21/12/2015,

THE FOLLOWING DOUBLE BOTTOM
PATTERN IS VALID NOW,
THE LOW OF NIFTY ON 07/05/2015 WAS 8057,
THE HIGH OF NIFTY ON 22/05/2015 WAS 8489,
AGAIN NIFTY MADE A LOW OF 7940 ON 15/06/2015,
THIS IS FORMING DOUBLE BOTTOM PATTERN IN DAILY CHART,
SO ABOVE 8489 BULLS CAN TARGET 9038,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8555,
ABOVE 8600 BULLS CAN TARGET 8733 AND 8822,
BELOW 8511 BEARS CAN TARGET 8377 AND 8288,

Buy Bank of Baroda with a target of Rs 164: Mitesh Thacker

'Bank of Baroda Ltd. is a 'BUY' call with a target of Rs 164 and a stop loss of Rs 153'

Sell Ajanta Pharma with a target of Rs 1,611: Mitesh Thacker

'Ajanta Pharma Ltd. is a 'SELL' call with a target of Rs 1,611 and a stop loss of Rs 1,520'

Buy IDFC with a target of Rs 157.50: Sandeep Wagle

'IDFC Ltd. is a 'BUY' call with a target of Rs 157.50 and a stop loss of Rs 168.30'

Buy Cipla with a target of Rs 702: Sandeep Wagle

'Cipla Ltd. is a 'BUY' call with a target of Rs 702 and a stop loss of Rs 678'

Buy Maruti Suzuki with a target of Rs 4,300: Prakash Gaba

'Maruti Suzuki Ltd. is a 'BUY' call with a target of Rs 4300 and a stop loss of Rs 4,207'

Trading strategy for 23rd July 2015

The market after positive opening yesterday continued to move up wards as the session progressed on sustained buying in index heavy weight stocks led by Reliance ahead of Q1 results. Oil & Gas, financial, auto stocks among others closed higher on buying support. The Sensex closed the day at 28504 up by 322 points after making a high of 28546 while the Nifty ended at 8633 up by 104 points. The market breadth remained strong as 1737 shares advanced while 1024 declined. Readers are advised to trade with caution.

NIFTY FUTURE (Last close 8648.40)
The counter after positive opening yesterday continued to move up wards as the session progressed shrugging off weak global cues hitting day’s high of 8664 in closing hours and finally ended the session gaining over 100 points. The counter to retain its up move needs to trade and remain above 8665.75 whereby it may move up to 8681/8700. Strong support for the counter exists at 8631.25 which if breached decisively with volumes then it may slide to 8603/8581.

BANK NIFTY FUTURE (Last close 19056.80)
The counter after weak opening yesterday made recovery in early morning trades and surged higher and continued to rise as the session progressed to hit day’s high of 19114 in late afternoon trades. The counter finally closed gaining 291 points. The counter to retain its up move needs to trade and remain above 19106.75 whereby it may move up to 19158/19190. Strong support for the counter exists at 19003.25 which if breached decisively with volumes then it may slide to 18938/18869.

Stock Tips and Nifty Tips 23/07/2015

NIFTY OUTLOOK FOR 23/07/2015

BULLS ARE BOUNCING FROM 8500 LEVELS,
NIFTY CLOSES AT 8633,
MORE GREEN EXPECTED ABOVE 8644,
WE AVOID LONGS DUE TO LOW MOMENTUM,

NOW 8511-8488 SEEMS GOOD SUPPORT,
BEARS ARE WAITING BELOW 8488,
BULLS HAVE TO DEFEND 8488 ON CLOSING BASIS,

ABOVE 8644 BULLS CAN MOVE TOWARDS 9038,
8711-33 IS THE NEXT IMPORTANT RESISTANCE,
8800 IS THE WEEKLY TARGET FOR BULLS,

AS POSTED HERE,
GURU SHIFTED IN TO THE SIMMAM HOME,
GURU WILL SAIL IN SIMMAM HOME UP TO 21/12/2015,
ON 22/12/2015 GURU WILL SHIFT IN TO KANYA HOME,
IN 5.5 MONTHS GURU WILL PASS OVER SIMMAM HOME,
NORMALLY IT WILL TAKE ONE YEAR,

THIS EXPRESS MOVE WILL BRING FAST GREEN TO EQUITY
MARKETS, NIFTY WILL SET RECORD HIGH BEFORE 21/12/2015,
BANK NIFTY WILL CONTRIBUTE MORE AND MORE,
AVOID SHORTING NIFTY AND BANK NIFTY UP TO 21/12/2015,

THE FOLLOWING DOUBLE BOTTOM
PATTERN IS VALID NOW,
THE LOW OF NIFTY ON 07/05/2015 WAS 8057,
THE HIGH OF NIFTY ON 22/05/2015 WAS 8489,
AGAIN NIFTY MADE A LOW OF 7940 ON 15/06/2015,
THIS IS FORMING DOUBLE BOTTOM PATTERN IN DAILY CHART,
SO ABOVE 8489 BULLS CAN TARGET 9038,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8577,
ABOVE 8622 BULLS CAN TARGET 8711 AND 8800,
BELOW 8533 BEARS CAN TARGET 8355 AND 8266,

Buy Century Textiles with a target of Rs 774: Sandeep Wagle

'Century Textiles Ltd. is a 'BUY' call with a target of Rs 774 and a stop loss of Rs 730'

Buy IGL with a target of Rs 490: Sandeep Wagle

'IGL Ltd. is a 'BUY' call with a target of Rs 490 and a stop loss of Rs 464'

Buy Mahindra & Mahindra with a target of Rs 1,375: Sandeep Wagle

'Mahindra & Mahindra Ltd. is a 'BUY' call with a target of Rs 1,375 and a stop loss of Rs 1,312'

Buy Wipro with a target of Rs 590: Prakash Gaba

'Wipro Ltd. is a 'BUY' call with a target of Rs 590 and a stop loss of Rs 578'

Buy HPCL with a target of Rs 910: Prakash Gaba

'HPCL Ltd. is a 'BUY' call with a target of Rs 910 and a stop loss of Rs 890'

Nifty corrects from pyrapoint resistance,FII FnO Data Analysis

• FII’s bought 49 K contract of Index Future worth 1256 cores ,19.4 K Long contract were added  by FII’s and 29.5 K  short contracts  were added  by FII’s. Net Open Interest decreased  by 10K contract, so today’s correction  was used by FII’s to enter  longs in index futures and exit shorts in index futures. Are You Comfortable with your trading ?

• Nifty today again was unable to cross the pyrapoint resistance,after a very good Infosys number finally succumbed to selling pressure after 2 PM and made a lower low of 8517 and closed at lowest point of the day.Pyrapoint suggest support lies in zone of 8492/8500 range. Holding the same Nifty can see a rise to break its resistance of 8636. Gunner also suggests range of 8480/8500 strong support zone. Fresh buying should be done on close above 8535 on nifty spot. 
  

• Nifty July Future Open Interest Volume is at 2.07 core with liquidation of 7 Lakh, with decrease in CoC suggesting  longs positions were closed today.
  

• Total Future & Option trading volume was   at 2.54 core with total contract traded at 3.9  lakh. PCR @1.19

• 8600  CE  OI at 47.6  lakh , wall of resistance @ 8600 .8400/8800 CE added 7.3  lakh so bears  finally got upper hand today and added aggressively today . FII sold 9.6 K CE longs and 3.3 K CE were shorted by them.Retail bought 82.1 K CE contracts.Retailers buying CE and market going down.

• 8500 PE OI@ 58.6  lakhs so strong base @ 8500.  8500/8700 PE liquidated 18 lakh so major liquidation seen in  8500/8600 CE still holding 167 lakh suggesting bulls are still holding  aggressive positions at lower levels . FII sold 30 K PE longs and 5.3 K shorted PE were covered by them.Retail sold 72.8 K PE contracts.

• FII’s sold 226 cores in Equity and DII’s bought 146 cores in cash segment.INR closed at 63.54

• Nifty Futures Trend Deciding level is 8594 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8458 and BNF Trend Deciding Level 18946(For Intraday Traders) BNF Trend Changer Level (Positional Traders) 18673 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy above 8536 Tgt 8560,8580 and 8610 (Nifty Spot Levels)

Sell below 8510 Tgt 8482,8462 and 8440 (Nifty Spot Levels)

Stock Tips and Nifty Tips 22/07/2015

NIFTY OUTLOOK FOR 22/07/2015

INFY POST GOOD SET OF NUMBERS,
BUT BULLS ARE NOT USING THE SAME,
UNREST IN PARLIAMENT HITS NIFTY,
NIFTY CLOSES AT 8529 AFTER MAKING LOW OF 8518,

MORE BEARS ARE WAITING BELOW 8488,
BULLS HAVE TO DEFEND 8488 ON CLOSING BASIS,

BULLS NEED A CLOSE ABOVE 8577,
ABOVE 8577 BULLS CAN MOVE TOWARDS 9038,
8711-33 IS THE NEXT IMPORTANT RESISTANCE,
8800 IS THE WEEKLY TARGET FOR BULLS,

AS POSTED HERE,
GURU SHIFTED IN TO THE SIMMAM HOME,
GURU WILL SAIL IN SIMMAM HOME UP TO 21/12/2015,
ON 22/12/2015 GURU WILL SHIFT IN TO KANYA HOME,
IN 5.5 MONTHS GURU WILL PASS OVER SIMMAM HOME,
NORMALLY IT WILL TAKE ONE YEAR,

THIS EXPRESS MOVE WILL BRING FAST GREEN TO EQUITY
MARKETS, NIFTY WILL SET RECORD HIGH BEFORE 21/12/2015,
BANK NIFTY WILL CONTRIBUTE MORE AND MORE,
AVOID SHORTING NIFTY AND BANK NIFTY UP TO 21/12/2015,

THE FOLLOWING DOUBLE BOTTOM
PATTERN IS VALID NOW,
THE LOW OF NIFTY ON 07/05/2015 WAS 8057,
THE HIGH OF NIFTY ON 22/05/2015 WAS 8489,
AGAIN NIFTY MADE A LOW OF 7940 ON 15/06/2015,
THIS IS FORMING DOUBLE BOTTOM PATTERN IN DAILY CHART,
SO ABOVE 8489 BULLS CAN TARGET 9038,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8533,
ABOVE 8577 BULLS CAN TARGET 8711 AND 8800,
BELOW 8488 BEARS CAN TARGET 8355 AND 8266,

Buy HCL with a target of Rs 1,025: Mitesh Thacker

HCL Tech Ltd. is a 'BUY' call with a target of Rs 1,025 and a stop loss of Rs 964.

Buy Bharti Airtel with a target of Rs 470: Mitesh Thacker

'Bharti Airtel Ltd. is a 'BUY' call with a target of Rs 470 and a stop loss of Rs 435'

Sell IDBI Bank with a target of Rs 60: Mitesh Thacker

'IDBI Bank Ltd. is a 'SELL' call with a target of Rs 60 and a stop loss of Rs 65.50'

Buy Ashok Leyland with a target of Rs 84: Prakash Gaba

'Ashok Leyland Ltd. is a 'BUY' call with a target of Rs 84 and a stop loss of Rs 78'

Buy Idea Cellular with a target of Rs 188: Prakash Gaba

'Idea Cellular Ltd. is a 'BUY' call with a target of Rs 188 and a stop loss of Rs 183'

Nifty enters demand zone,FII FnO Data Analysis

FII’s sold56.9  K contract of Index Future worth 1247 cores ,38 K Long contract were squared off  by FII’s and 18.8 K  short contracts  were added  by FII’s. Net Open Interest decreased  by 19 K contract, so today’s fall was used by FII’s to enter shorts in index futures Thought process of Professional Traders

• Nifty tried to recover in morning trader but made a high of 8400 and made a lower low at 8323. 8318-8300 range is very important demand zone as shown in below chart, holding the same and moving above 8400 can see bulls coming back else we will see a further fall towards 8223 odd area. Weekly closing tomorrow bulls will want to close above 8400 bears below 8300. 

• Nifty July Future Open Interest Volume is at 1.78 core with liquidation of 3.2 Lakh, with increase in CoC suggesting shorts have closed today. NF Rollover range @8357 should be kept close eye on,holding below bears are in control above it bulls have upper hand.
  

• Total Future & Option trading volume was   at 1.76 core with total contract traded at 3.9  lakh. PCR @0.86.

• 8500  CE  OI at 48.5 lakh , wall of resistance @ 8500 .8000/8500 CE added 15.9  lakh so bears added aggressively holding 49 lakhs overall. FII bought 35.1 K CE longs and 2 K CE  were shorted by them.Retail bought 112 K CE contracts.

• 8000 PE OI@ 49.2 lakhs so strong base @ 8000.  8100/8500 PE liquidated 6.1  lakh  still holding 87 lakh suggesting bulls have not lost hope . FII bought 26.1 K PE longs and 27.3 K PE were shorted by them.Retail sold 26 K PE contracts.So again retailers bought CE and market going down.

• FII’s sold 254 cores in Equity and DII’s bought  79  cores in cash segment.INR closed at 63.38

• Nifty Futures Trend Deciding level is 8365 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8407 and BNF Trend Deciding Level 18549 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 18466 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy above 8351 Tgt 8378,8400 and 8427 (Nifty Spot Levels)

Sell below 8320 Tgt 8300,8274 and 8225 (Nifty Spot Levels)

Stock Tips and Nifty Tips 10/07/2015

NIFTY OUTLOOK FOR 10/07/2015

BEARS ARE BUSY,
TODAY NIFTY TEST THE LOW OF 8323 AND CLOSES
AT 8328, PIVOT SLIP TO 8400,

THE 50% FIBONACCI RETRACEMENT FOR THE MOVE FROM
7940 TO 8561 PLACED AT 8250,
HOPE NIFTY MAY TEST THAT LEVEL BEFORE ANOTHER UP MOVE,

GLOBAL MARKETS GETTING VOLATILE,
GREECE PROBLEM IN FINAL STAGE,
AFTER ONE OR TWO VOLATILE DAYS GLOBAL MARKETS
WILL TAKE ORIGINAL DIRECTION,

AS POSTED HERE,
GURU SHIFTING IN TO SIMMAM HOME,
GURU WILL SAIL IN SIMMAM HOME UP TO 21/12/2015,
ON 22/12/2015 GURU WILL SHIFT IN TO KANYA HOME,
IN 5.5 MONTHS GURU WILL PASS OVER SIMMAM HOME,
NORMALLY IT WILL TAKE ONE YEAR,

THIS EXPRESS MOVE WILL BRING FAST GREEN TO EQUITY
MARKETS, NIFTY WILL SET RECORD HIGH BEFORE 21/12/2015,
BANK NIFTY WILL CONTRIBUTE MORE AND MORE,
AVOID SHORTING NIFTY AND BANK NIFTY UP TO 21/12/2015,

ABOVE 8489, THE FOLLOWING
PATTERN WILL GET VALIDITY,
THE LOW OF NIFTY ON 07/05/2015 WAS 8057,
THE HIGH OF NIFTY ON 22/05/2015 WAS 8489,
AGAIN NIFTY MADE A LOW OF 7940 ON 15/06/2015,
THIS IS FORMING DOUBLE BOTTOM PATTERN IN DAILY CHART,
SO ABOVE 8489 BULLS CAN TARGET 9038,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8422,
ABOVE 8466 BULLS CAN TARGET 8600 AND 8688,
BELOW 8377 BEARS CAN TARGET 8244 AND 8155,

Sell Power Grid with a target of Rs 132: Mitesh Thacker

'Power Grid Ltd. is a 'SELL' call with a target of Rs 132 and a stop loss of Rs 139.25'

Buy DHFL with a target of Rs 450: Mitesh Thacker

'DHFL Ltd. is a 'BUY' call with a target of Rs 450 and a stop loss of Rs 427.50'

Buy Hindustan Unilever with a target of Rs 890: Ashwani GUjral

'Hindustan Unilever Ltd. is a 'BUY' call with a target of Rs 890 and a stop loss of Rs 924'

Buy BHEL with a target of Rs 275: Ashwani Gujral

'BHEL Ltd. is a 'BUY' call with a target of Rs 275 and a stop loss of Rs 260'

Buy LIC Housing Finance with a target of Rs 476: Sandeep Wagle

'LIC Housing Finance Ltd. is a 'BUY' call with a target of Rs 476 and a stop loss of Rs 446

Nifty chart: a mid-week update (Jul 08 ‘15)

Just when the Greek debt tragedy appeared to be fading out from TV headlines, a Chinese typhoon blew over global stock markets and smashed down share prices.

A Chinese stock market bubble was building for some time due to excessive leveraged speculation. The Shanghai Composite was in a downward trajectory any way, so why the sudden panic?

Expected slowdown in the Chinese economy led to a crash in global commodity prices that had a cascading effect on all markets. FIIs turned net sellers of equity today after 5 straight sessions of net buying.

The daily bar chart pattern of Nifty crossed above the blue down trend line and headed towards the upper edge of the ‘support-resistance zone’ between 8180 and 8630 - after taking the Greek referendum’s ‘No’ vote in stride.

But the index formed a small ‘reversal day’ pattern (higher high, lower close) on Tues. Jul 7, followed by a ‘gap down’ day today that dropped the index to seek support from its 20 day and 50 day EMAs and the blue down trend line.

The break out above the down trend line last week was not accompanied by a significant increase in volumes. That had opened up the possibility of a pullback towards the down trend line.

The Greek and Chinese turmoil provided bears with just the right opportunity to assert themselves.

Overbought conditions visible on technical indicators was another warning of a consolidation or correction. Some more correction, and a drop below the trend line, may be on the cards but bulls can be expected to fight back soon.

The index is trading above its rising 200 day EMA in a bull market. That means pullbacks and dips are adding opportunities.