Stock Tips and Nifty Tips 07/08/2015

NIFTY OUTLOOK FOR 07/08/2015

8605 IS THE HIGH,
AS POSTED HERE,
BULLS ARE FACING SUPPLY AT 8577-600 LEVEL,
NIFTY CLOSES AT 8588,
PIVOT MOVES UP TO 8511,

NOW TECHNICAL TREND HAVE TO GUIDE NIFTY,
ALL THE CLOSES ABOVE 8511 ARE BULLS AREA,
BULLS CAN MOVE TOWARDS 8688 AND 8777,

BUT MOMENTUM GETTING DOWN,
NIFTY MAY START ANOTHER DOWN MOVE
FROM HERE WITH A TARGET OF 8258,

SO ABOVE 8511 LONGS ADVISED,
BELOW 8466 SHORTS ADVISED FOR TRADERS,

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 8511,
ABOVE 8555 BULLS CAN TARGET 8644 AND 8733,
BELOW 8466 BEARS CAN TARGET 8288 AND 8200,

Buy LIC Housing Finance with a target of Rs 540: Sandeep Wagle

'LIC Housing Finance Ltd. is a'BUY' call with a target of Rs 540 and a stop loss of Rs 513'

Buy Arvind with a target of Rs 330: Sandeep Wagle

'Arvind Ltd. is a'BUY' call with a target of Rs 330 and a stop loss of Rs 309'

Buy Godrej Industries with a target of Rs 411: Sandeep Wagle

'Godrej Industries Ltd. is a BUY' call with a target of Rs 411 and a stop loss of Rs 393. 

Trading strategy for 3rd August 2015

The MARKET closed the week amid volatility with the Sensex at 28114 up marginally by 2 points after slipping to 2741685 while the Nifty ended at 8532 up by 11 points as gains in defensive shares helped offset most of the losses during the week.MARKET buoyed on last Friday after Cabinet nod for changes in GST Bill and plans to infuse capital in PSU banks. Clarification about the P-Note controversy by the Finance Ministry too aided the market sentiment. The market this week will be keenly watching the development in the current session of Parliament and RBI policy meet on the 4th August’15 coupled with Q1 results of Bharti, Bhel, M&M, Tata Motors, HCL Tech among others. Readers are advised to trade with caution keeping stock specific approach.

NIFTY FUTURE (Last close 8569.65)
The counter closed the week with marginal gain of 35 points amid high volatility and intra week swing of 248 points. The counter this week may remain in the range of 8464-8675, break above it may move up to 8710/8753 or else break below it may slide to 8431/8398. For today’sTRADING the counter to gain strength needs to trade and remain above 8594.75 whereby it may move up to 8617/8638. Strong support for the counter exists at 8544.25 which if breached decisively with volumes then it may slide to 8529/8508.

BANK NIFTY FUTURE (Last close 18835.80)
The counter closed the week gaining 159 points amid high volatility and intra week swing of 727 points. The counter this week may remain in the range of 18611-19061, break above it may move up to 19146/19232 or else break below it may slide to 18543/18459. For today’sTRADING the counter to gain strength needs to trade and remain above 18888.75 whereby it may move up to 18939/18988. Strong support for the counter exists at 18782.25 which if breached decisively with volumes then it may slide to 18729/18664.

AXIS BANK FUTURE (Last close 577.25)
The STOCK after consolidating closed the week with marginal loss but witnessed substantial buying on last Friday surging by 2%. The stock appears positive on daily charts and may move up to 582/586 on volumeTRADING. Strong support for the stock exists at 573.25.

JINDAL STEEL & POWER FUTURE (Last close 79.25)
The stock after consolidating during the past sessions closed the week gaining 4% amid moderate volumes. The stock appears positive on charts and may move up to 82/84 on volume trading. Strong support for the stock exists at 77.00.

Stock Tips and Nifty Tips 3/08/2015

NIFTY OUTLOOK FOR 03/08/2015

BULLS MADE A FOLLOW UP ON FRIDAY,
TOUCH 8548 AND CLOSES AT 8532,
PIVOT MOVES UP TO 8466,

NIFTY MAY START ANOTHER DOWN MOVE
FROM HERE WITH A TARGET OF 8215,
BUT ANY CLOSE ABOVE 8555 WILL LEAD
BULLS TO MAKE ANOTHER UP MOVE TOWARDS 8667,

SO ABOVE 8511 LONGS ADVISED,
BELOW 8422 SHORTS ADVISED FORTRADERS,

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 8511 BULLS CAN TARGET 8644 AND 8733,
BELOW 8422 BEARS CAN TARGET 8288 AND 8200,

Buy UCO Bank with a target of Rs 58: Sandeep Wagle

'UCO Bank Ltd. is a 'BUY' call with a target of Rs 58 and a stop loss of Rs 53'

Buy Shriram Transport Finance with a target of Rs 960: Sandeep Wagle

'Shriram Transport Finance Ltd. is a 'BUY' call with a target of Rs 960 and a stop loss of Rs 882'

Buy Mahindra Holiday Resorts with a target of Rs 325: Mitesh Thacker

'Mahindra Holiday Resorts Ltd. is a 'BUY' call with a target of Rs 325 and a stop loss of Rs 290'

Buy Amara Raja Batteries with a target of Rs 1,100: Mitesh Thacker

'Amara Raja Batteries Ltd. is a 'BUY' call with a target of Rs 1,100 and a stop loss of Rs 904'

Buy Kotak Mahindra Bank with a target of Rs 711: Mitesh Thacker

'Kotak Mahindra Bank Ltd. is a 'BUY' call with a target of Rs 711 and a stop loss of Rs 655'

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.