Stock Tips and Nifty Tips 21/04/2015

NIFTY OUTLOOK FOR 21/04/2015

GLOBAL TRENDS GETTING VOLATILE,
BEARS ARE DRIVING NIFTY,
BEARS TEST 8423 AND NIFTY CLOSES AT 8448,
8333 IS THE TARGET FOR BEARS IF NIFTY SLIP BELOW 8422,
BULLS CAN BAT ONLY AFTER A CLOSE ABOVE 8733,

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 ACC with a target of Rs 1,610: Ashwani Gujral

'ACC is a ‘BUY’ call with a target of Rs 1,610 and a stop loss of Rs 1,530'

Sell UPL with a target of Rs 395: Ashwani Gujral

'UPL is a ‘SELL’ call with a target of Rs 395 and a stop loss of Rs 416'

Sell HDIL with a target of Rs 108: Sandeep Wagle

'HDIL is a ‘SELL’ call with a target of Rs 108 and a stop loss of Rs 123'

Sell Ipca Labs with a target of Rs 608: Sandeep Wagle

'Ipca Labs is a ‘SELL’ call with a target of Rs 608 and a stop loss of Rs 652'

Stock Tips and Nifty Tips 20/04/2015

NIFTY OUTLOOK FOR 20/04/2015

FRIDAY NIFTY CLOSES ABOVE 8600 LEVEL AT 8606,
8600 IS IMPORTANT SUPPORT,
RIL POSTED GOOD NUMBERS AFTER CLOSING,
DOW LOOSES 300POINTS ON FRIDAY,
SO MIXED AND VOLATILE MOVES SEEN ON MONDAY,

WEEKLY PIVOT SLIP DOWN TO 8688,
BEARS WILL DRIVE THE MARKETS,
AS LONG AS NIFTY CLOSES BELOW 8688,
8511 AND 8422 ARE THE WEEKLY TARGETS FOR BEARS,
BEARS CAN BAT ONLY AFTER A CLOSE ABOVE 8733,

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 Motherson Sumi with a target of Rs 560: Mitesh Thacker

'Motherson Sumi Ltd is a 'BUY' call with a target of Rs 560 and a stop loss of Rs 508'

Buy Tata Steel with a target of Rs 366: Mitesh Thacker

'Tata Steel Ltd is a 'BUY' call with a target of Rs 366 and a stop loss of Rs 344'

Buy BEML with a target of Rs 1,160: Ashwani Gujral

'BEML Ltd is a 'BUY' call with a target of Rs 1,160 and a stop loss of Rs 1,090 '

Sell Sun Pharma with a target of Rs 1,000: Ashwani Gujral

'Sun Pharma Ltd is a 'SELL' call with a target of Rs 1,000 and a stop loss of Rs 1,065'

Sell TCS with a target of Rs 2,380: Sandeep Wagle

'TCS Ltd is a 'SELL' call with a target of Rs 2,380 and a stop loss of Rs 2,536'

Nifty Weekly Analysis for 20-25 April

Last week we gave Chopad Levels  of 8806 , Nifty did 3 target on downside  and got stopped out on upside.  Lets analyze how to trade market in coming week.

Nifty Hourly Chart

Nifty Hourly charts has broken on downside and below  its 21/34 EMA, till 8682/8690 is not broken trend remains on downside. 

Nifty Hourly Elliot Wave Chart

8596  will play a vital role in coming week, close below can see 8489/8400 and above it nifty can move to 8850/8900 range.

Nifty Pyrapoint Analysis

As per Pyrapoint Analysis unable to sustain above its 135  degree line, suggesting move towards its 180 degree line which lies near 8525.

 Nifty Market Profile

Nifty as per Market profile 8596 should be closely watched in coming week, Holding the same rally continues till 8682/8750 . Breaking the same can see pullback till 8497

 Nifty Daily

Nifty fractal which are swing high an swing top are shown in above chart.Also we have included indicator which defines bulls and bear trend, As of now trend is down  till 8665 is not broken.

Nifty Gunner

ON Daily chart Nifty Gunner bouned from red arc and took resistance at green arc. Close below 8596 can make move towards 8489/8400.

Nifty Harmonic

This is what we discussed last week As per harmonic pattern if 8793/8820 not crossed we can see correction till 8640/8650 odd range.

If butterfly pattern needs to form Nifty should bounce sharply in coming week till 8800.

Nifty Daily Elliot Wave Chart

As per EW more legs are left to the rally use dips around 8200/8165  to take exposure to quality large and mid caps stocks. NO leveraged positions this for cash market traders.

Supply and Demand Zone

Self Explanatory chart for Supply and Demand zone.

Nifty Gann Date

Nifty As per time analysis 20 April/23 April  is Gann Turn date , except a impulsive around this dates. Last week we gave 13 April/15 April Day  and Nifty saw a volatile move on both the days .

 Nifty Gaps

For Nifty traders who follow gap trading there are 14  trade gaps in the range of  7000-9000

• 7067-7014
• 7130-7121
• 7276-7293
• 7229-7239
• 7454-7459
• 7526-7532
• 7598-7568
• 7625-7654
• 7780-7856
• 7927-7974
• 8029-8065
• 8378-8327
• 8102-8167
• 8341-8380
• 8706-8699
• 8937-8891

Gann Emblem

Fibonacci technique

Fibonacci fan

Nifty near its Fibo fan support so next week we need to see do we get the follow up move.

8489  is 61.8% retracement number so keep a eye on this.

Nifty Weekly Chart

It was negative week, with the Nifty down by 174 points  closing @8606 , and closing above its 20 WSMA and also trading near its weekly channel.  As per Gunner pattern if Nifty breaks 8568 we might head towards 8520/8434 odd levels.

 

Trading Monthly charts

Monthly chart took support near 23.6% retracement line and also low of 8464 will play a major role in coming month.

Nifty PE

As per PE ratio has again up to 23.06, Result season is going to start unable to upgrade the earning can see nifty moving in bubble category.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:8596

Nifty Resistance:8682,8768,8854

Nifty Support:8520,8434,8360

Levels mentioned are Nifty Spot

Bank Nifty Weekly Analysis for 20-25 April

Last week we gave the Chopad level of 18816 Bank Nifty achieved 2 target on upside  and 1 target on downside .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,18250 if held can see 300-400 point bounce in bank nifty.

Bank Nifty Hourly  EW Daily

Hourly Elliot wave analysis is shown,18300/250 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.Follow up move required.

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 18345  should be watched in coming week  below that 18063/17800  is short term target. Above it can move towards 18592/18624

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 20 April/23 April  is Gann Turn date , except a impulsive around this dates. Last week we gave 13 April/15 April Day  and Bank Nifty saw a volatile move on both the days .

Fibonacci technique

Fibonacci Fans

Close below its 50 % retracement as per FF heading towards 61.8 or 38.2 %

78.6 % number is 18231 should be watched.

Bank Nifty Weekly

It was negative week, with the Bank Nifty up by 455 points  closing @18345  , closing below the support line of Andrew Pitchfork  and closing below its 20 WSMA @18519 which has given support .Time Analysis next week which is going to be volatile with positive bias.

Bank Nifty Weekly  Gunner

Bank Nifty Monthly

Bank Nifty On Monthly chart prices got reject on higher end of Fibonacci channel now approaching the 50% retracement.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:18426

Bank Nifty Resistance:18556,19686,18946

Bank Nifty Support:18296,18036,17906

Stock Tips and Nifty Tips 17/04/2015

NIFTY OUTLOOK FOR 17/04/2015

NIFTY SLIP BELOW THE 8733 IN THE
OPENING HOURS TEST 8645 LOW, AND
BULLS MANAGE TO CLOSE ABOVE 8700 AT 8706,

THE PIVOT LEVEL 8733 TAKEN OUT TODAY,
BEARS WILL START THE INNINGS BELOW 8688,
BULLS NEED A CLOSE ABOVE 8777 FOR
ANOTHER UP MOVE IN NEXT WEEK,

ANYHOW BIG RESISTANCE PLACED AT 8897 AND
THE GOOD SUPPORT PLACED AT 8622,

THIS IS PULL BACK RALLY FOR THE PREVIOUS DOWN TREND,
SO AT ANY TIME THIS MAY TERMINATED,
BEARS HAVE SOME JOB ONLY BELOW 8688,

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 8733,
ABOVE 8777 BULLS CAN TARGET 8888 AND 8977,
BELOW 8688 BEARS CAN TARGET 8533 AND 8444,

Buy SBI with a target of Rs 306: Sandeep Wagle

'SBI is a 'BUY' call with a target of Rs 306 and a stop loss of Rs 287'

Sell Grasim with a target of Rs 3,610: Mitesh Thacker

'Grasim is a 'SELL' call with a target of Rs 3,610 and a stop loss of Rs 3,750'

Buy ONGC with a target of Rs 338: Ashwani Gujral

'ONGC is a 'BUY' call with a target of Rs 338 and a stop loss of Rs 320'

Sell DLF with a target of Rs 142: Ashwani Gujral

'DLF is a 'SELL' call with a target of Rs 142 and a stop loss of Rs 154'

Sell Hindustan Unilever with a target of Rs 890: Ashwani Gujral

'Hindustan Unilever is a 'SELL' call with a target of Rs 890 and a stop loss of Rs 925'

Trading strategy for 16th April 2015

The market after flat opening yesterday firmly moved upwards till late afternoon when profit taking in index heavy weight stocks emerged pulling down the indices. The market finally closed in the negative with the Sensex at 28799 down by 244 points while the Nifty ended at 8750 down by 83 points despite encouraging CPI and WPI nos. The market breadth remained weak as 1388 shares advanced while 1488 declined. Readers are advised to trade with caution keeping stock specific approach.

NIFTY FUTURE (Last close 8786.15)
The counter after flat opening yesterday moved range bound with positive bias till late afternoon when profit taking in index heavy weight stocks emerged pulling down the counter to day’s low of 8757 in closing hours. The counter finally closed losing 69 points. The counter to gain strength needs to trade and remain above 8800.75 whereby it may move up to 8819/8844. Strong support for the counter exists at 8863.25 which if breached decisively with volumes then it may slide to 8841/8820.

BANK NIFTY FUTURE (Last close 18769.40)
The counter after positive opening yesterday surged to session high of 19109 in late afternoon trades which however, remained short lived as profit taking emerged in closing hours pulling down the counter to day’s low of 18650. The counter finally closed losing 87 points. The counter to gain strength needs to trade and remain above 18811.75 whereby it may move up to 18867/18933. Strong support for the counter exists at 18723.25 which if breached decisively with volumes then it may slide to 18675/18617.

FEDERAL BANK FUTURE (Last close 132.65)
The stock after consolidating during the past sessions closed yesterday above its weekly resistance with moderate volumes gaining 2%. The stock appears positive on charts and may move up to 135/137 on volume trading. Strong support for the stock exists at 130.50.

YES BANK FUTURE (Last close 847.60)
The stock after consolidating during the past sessions closed yesterday above its weekly buy signal with moderate volumes gaining marginally. The stock appears positive on charts and may move up to 852/857 on volume trading. Strong support for the stock exists at 843.00.

Stock Tips and Nifty Tips 15/04/2015

NIFTY OUTLOOK FOR 15/04/2015

BULLS JUMPED ABOVE 8777-8800 LEVEL,
TEST 8841 AND CLOSES AT 8834,
PIVOT MOVE UP TO 8733,
SO AS LONG AS NIFTY TRADE ABOVE 8733,
BULLS CAN MOVE TOWARDS 8888 AND 8977,

THIS IS PULL BACK RALLY FOR THE PREVIOUS DOWN TREND,
SO AT ANY TIME THIS MAY TERMINATED,
BEARS HAVE SOME JOB ONLY BELOW 8688,

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 8733,
ABOVE 8777 BULLS CAN TARGET 8888 AND 8977,
BELOW 8688 BEARS CAN TARGET 8533 AND 8444,

Buy Apollo Tyres with a target of Rs 195: Sandeep Wagle

Apollo Tyres is a 'BUY' call with a target of Rs 195 and a stop loss of Rs 181.

Buy Dr Reddy's Labs with a target of Rs 3,814: Vijay Bhambwani

'Dr Reddy's Laboratories Ltd is a 'BUY' call with a target of Rs 3,814 and a stop loss of Rs 3,750'

Buy AB Nuvo with a target of Rs 1,794: Vijay Bhambwani

'AB Nuvo Ltd is a 'BUY' call with a target of Rs 1,794 and a stop loss of Rs 1,754'

Buy HDIL with a target of Rs 164: Sandeep Wagle

'HDIL Ltd is a 'BUY' call with a target of Rs 164 and a stop loss of Rs 125'

Buy KEC International with a target of Rs 108: Sandeep Wagle

'KEC International Ltd is a 'BUY' call with a target of Rs 108 and a stop loss of Rs 91'