Stock Tips and Nifty Tips 09/07/2015

NIFTY OUTLOOK FOR 09/07/2015

GLOBAL TRENDS PULLING DOWN NIFTY,
BEARS ARE GETTING ACTIVE,
NIFTY CLOSES AT 8363 AFTER TESTING THE LOW OF 8341,
PIVOT PLACED AT 8422,

SO ALL THE CLOSES BELOW 8422 ARE BEARS AREA,
8333 AND 8244 ARE THE BEARS TARGETS,

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,

NOW THE PIVOT TO 8422,
SO ABOVE 8466 BULLS CAN MOVE TOWARDS 8688,
BEARS HAVE LIMITED JOB BELOW 8377,

AS NIFTY CLOSE ABOVE 8489, THE FOLLOWING
PATTERN 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,

Buy Alstom T&D with a target of Rs 610: Ashwani Gujral

'Alstom T&D Ltd. is a 'BUY' call with a target of Rs 610 and a stop loss of Rs 478'

Buy Hero MotoCorp with a target of Rs 2,640: Ashwani Gujral

'Hero MotoCorp Ltd. is a 'BUY' call with a target of Rs 2,640 and a stop loss of Rs 2,560'

Buy Castrol India with a target of Rs 480: Sandeep Wagle

'Castrol India Ltd. is a 'BUY' call with a target of Rs 480 and a stop loss of Rs 456'

Sell Century Textiles with a target of Rs 662: Sandeep Wagle

'Century Textiles Ltd. is a 'Sell' call with a target of Rs 662 and a stop loss of Rs 708'

Sell Larsen & Toubro with a target of Rs 1,730: Sandeep Wagle

'Larsen & Toubro Ltd. is a 'SELL' call with a target of Rs 1,730 and a stop loss of Rs 1,810'

Market Outlook & Nifty and Bank Nifty Live Calls – 7.7.2015

Nifty ( Spot ) : The crucial support for the Nifty is at 8500 – 8475 – 8450  and the resistance is at  8550 – 8575 – 8620

Pre-market Future Call ( Intraday) :

DRREDDY  —  Buy above 3705  StopLoss 3690 Target 3721 , 3736

                    Short Sell below 3690  Stop Loss 3705 Target 3674 , 3660

 TECHM  — Buy above 462  StopLoss 456  Target  468 , 473

                 Short Sell below 456  StopLoss 462 Target 450 , 446

Stock Tips and Nifty Tips 07/07/2015

NIFTY OUTLOOK FOR 07/07/2015

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,

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

TODAY CLOSING ABOVE 8500 PULL THE PIVOT TO 8422,
SO ABOVE 8466 BULLS CAN MOVE TOWARDS 8688,
BEARS HAVE LIMITED JOB BELOW 8377,

AS NIFTY CLOSE ABOVE 8489, THE FOLLOWING
PATTERN 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,

Buy Raymond with a target of Rs 500:Ashwani Gujral

Raymond Ltd. is a 'BUY' call with a target of Rs 500 and a stop loss of Rs 475.

Buy SKS Microfinance with a target of Rs 530: Ashwani Gujral

'SKS Microfinance Ltd. is a 'BUY' call with a target of Rs 530 and a stop loss of Rs 500'

Buy Aurobindo Pharma with a target of Rs 1,510: Ashwani Gujral

'Aurobindo Pharma Ltd. is a 'BUY' call with a target of Rs 1,510 and a stop loss of Rs 1,430'

Trading strategy for 6th July 2015

The market closed the week with the Sensex at 28092 up by 280 points or over 1% while the Nifty ended at 8484 up by 103 points or 1.23% amid better than expected monsoon, auto sales figures, strong rupee, upbeat macro-economic data and finance ministry’s announcement on a comprehensive package for PSU banks. The focus this week will remain on quarterly earnings, crucial economic data namely May IIP and June import & export. TCS will announce its Q1 earnings on the 9th July which may set the trend for the market and IT industry. Meantime, outcome of Greece referendum on its bail out may also weigh on the market sentiment. Readers are advised to trade with caution keeping stock specific approach.

NIFTY FUUTRE (Last close 8488.00)
The counter closed the week gaining over 100 points amid high volatility and intra week swing of 306 points. The counter this week may remain in the range of 8392-8583, break above it may move up to 8613/8644 or else break below it may slide to 8359/8312. For today’s trading the counter to retain its up move needs to trade and remain above 8509.75 whereby it may move up to 8523/8539. Strong support for the counter exists at 8465.25 which if breached decisively with volumes then it may slide to 8447/8426.

BANK NIFTY FUTURE (Last close 18721.95)
The counter closed the week gaining 372 points amid high volatility and intra week swing of over 950 points. The counter this week may remain in the range of 18488-18955, break above it may move up to 19047/19135 or else break below it may slide to 18406/18319. For today’s trading the counter to retain its up move needs to trade and remain above 18788.75 whereby it may move up to 18839/18888. Strong support for the counter exists at 18672.25 which if breached decisively with volumes then it may slide to 18616/18555.

HCL TECH FUTURE (Last close 965.70)
The stock after consolidating during the past sessions closed the week gaining over ½% with moderate volumes. The stock witnessed good buying on last Friday whereby the stock surged over 1%. The stock appears positive on charts and may move up to 969/973 on volume trading. Strong support for the stock exists at 961.25.

PFC FUTURE (Last close 262.10)
The stock after consolidating during the past sessions closed on last Friday above its medium trend line with moderate volumes gaining over 1%. The sock appears positive on daily charts and may move up to 264/266 on volume trading. Strong support for the stock exists at 259.25.

Nifty Weekly Technical Outlook for 06 July’15

Nifty near Inflection Point…

From last many days our market is reacting to global concerns, mainly of Eurozone-Greek crisis, daily some or other news flashes- and still uncertainty persist, hopefully may get some answers by Monday. However, bigger worries hover around Chinese stock market which lost significant market-cap in last couple of days. The week will start with Greece news and also results season will kick-off, all in all it remains a question mark for those who understands little about macronomics and very big question mark for those who understands the macro and digging further (some times more knowledge, may create more quandary). In the markets, with experience I have learnt that whenever you fail to understand what is happening around, and standing in dilemma, it is always better to ignore the noise (news & media) and do what charts & data is suggesting you, period. So let’s see how to position yourself in the coming week, to read full report you need to Register here (it’s free) and if you are already registered then there no need to register again, you’ll shortly receive newsletter. To read last week’s full report click on this link to download the report.

Nifty chart: a mid-week update (Jul 01 ‘15)

FIIs were net sellers of equity for the second month in a row. Their net selling in Jun ‘15 touched Rs 8200 Crores – the highest net selling during a month since Jun ‘13.

DIIs more than compensated by net buying of equity worth Rs 12000 Crores. That may explain the 500 points rally from the Jun 12 ‘15 low of 7940, which has taken the index above the blue down trend line.

After failing to meet IMF’s debt repayment deadline of Jun 30 ‘15 and threatening to leave the Euro zone, Greece’s leaders toned down their rhetoric and agreed to a bailout offer that turned global stock markets bullish.

The monsoon delivered surplus rains during June, but has weakened during the last couple of days – raising the spectre of deficient rains during Jul ‘15.

Auto companies like Maruti, Hyundai and Tata Motors showed marginal growth in sales during Jun ‘15, but sales of M&M and Toyota slipped. Two-wheeler sales were higher except for HeroMoto, which had flat sales.

The daily bar chart pattern of Nifty briefly crossed above the blue down trend line on Thu. Jun 25 ‘15, with decent volume support, but failed to attract follow-up buying from bulls.

The sovereign debt concerns of Greece led to a sharp drop of the index below its three EMAs - to the lower edge of the ‘support-resistance zone’ during Monday’s trading.

Bulls used the opportunity to buy. The index has crossed above its three EMAs and the down trend line to close today at its highest level since May 22 ‘15.

The index has formed a bullish pattern of ‘higher tops and higher bottoms’ after touching its Jun ‘15 low of 7940.

However, daily technical indicators are again looking overbought. Some consolidation can be expected before the index can gather the necessary momentum to cross above the ‘support-resistance zone’.

Note that Nifty has formed an ‘inverse head and shoulders’ pattern with a downward sloping neck line. Since the pattern has formed at the end of a down trend, it is most probably a ‘bottom reversal’ pattern.

The downward sloping neck line has been breached in today’s trading. Since there was no significant rise in volumes - which would have technically validated the breach - bears may engineer a pullback to the down trend line.

Stock Tips and Nifty Tips 02/07/2015

NIFTY OUTLOOK FOR 02/07/2015

BULLS ARE PAYING THE INNINGS,
SEE A CLOSE ABOVE 8400 AT 8453,
STILL GREECE THREAD NOT YET OVER,
BUT GLOBAL MARKETS SHOW SOME RECOVERY,

PIVOT MOVE UP TO 8377,
THIS 8377-8400 LEVEL MAY RE-TESTED BEFORE
FURTHER UP MOVE,
ALL THE CLOSES ABOVE 8377 ARE BULLS AREA,
ABOVE 8377 BULLS CAN MOVE TOWARDS 8600,

THE 200DMA IS AT 8374 AND
50DMA IS AT 8256,
THE 200DMA IS ABOVE 50DMA,
BEARS MAY STRIKE AT ANY TIME,

BEARS ARE FOLLOWING ONE PATTERN,
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 TOP PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

NOW BULLS ARE ALSO HAVING ONE PATTERN,
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 TOP PATTERN IN DAILY CHART,
SO ABOVE 8489 BULLS CAN TARGET 9038,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8377,
ABOVE 8377 BULLS CAN TARGET 8511 AND 8600,
BELOW 8288 BEARS CAN TARGET 8155 AND 8044,

Buy IDFC with a target of Rs 162: Mitesh Thacker

'IDFC Ltd. is a 'BUY' call with a target of Rs 162 and a stop loss of Rs 150'

Buy Idea Cellular with a target of Rs 190: Mitesh Thacker

'Idea Cellular Ltd. is a 'BUY' call with a target of Rs 190 and a stop loss of Rs 176.50'

Buy Union Bank with a target of Rs 165: Mitesh Thacker

'Union Bank Ltd. is a 'BUY' call with a target of Rs 165 and a stop loss of Rs 150'

Buy Ambuja Cements with a target of Rs 250: Sandeep Wagle

'Ambuja Cements Ltd. is a 'BUY' call with a target of Rs 250 and a stop loss of Rs 230'

Sell Nestle India with a target of Rs 6,100: Prakash Gaba

'Nestle India Ltd. is a 'SELL' call with a target of Rs 6,100 and a stop loss of Rs 6,425'