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INDIAN STOCK MARKET VIEW FOR AUGUST 30

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

NIFTY ( 4919.6)

I said yesterday, a break above 4851, will be bullish for Nifty.But the breakout volume is not sufficient, but if Nifty is able to make up for the volumes in the next 2-3 days, I feel it is okay.So Target for the Breakout is 5094.Stoploss is 4720.The Upper Channel line is at 4814 which will warn first if Nifty turns bearish.

CAROL INFO ( 230.85)

Carol Info has made a book pattern, ie a Flag or a Pennant.A move above 236 with volumes triggers a buy.Stoploss is 219.9

NITIN FIRE ( 120.05)

Nitin Fire is chugging nicely along the 50 dma.Also see the number of times it has taken support on the MA shown by yellow lines .The dma is at 108.So I like the share at current rates, of course with a stop below the 50 dma on closing basis.

INSECTICIDE (383.35)

Insecticide is moving in a Rectangle.A break/close above 390 will take it to 425+.Keep a stoploss depending on your risk apetite.

 

I  am  adding Daily PANCHANGAM or  Almanac in my Astrological blog.Spare a Few moments to see it.

http://www.yourastrologer.wordpress.com

Indian Stock Market View For August 29

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

NIFTY ( 4747.8)

Keep it simple is my motto.I try to keep my technicals as simple as possible and am getting good results in Nifty as you can see from my previous posts.My View for 25 th August, was to “look for a break of the low or high of the Inside Bar and the Market will move in that direction”.Nifty broke the low of 4863 and the results are there for you to see.Nifty crashed to 4720 and closed at 4747.8

For Monday look at the down sloping channel in which Nifty is moving.The Upward and downward levels are 4570 and 4851.

Since markets are bearish, normally one should look to short Nifty with a stoploss above 4851.But if Nifty breaks above 4851 with volumes and sustains there then it will be bullish for the next few days.Otherwise 4570 looks probable.

I am receiving a lot of mails from people asking me to tell them how to learn technical analysis.So I have decided to give some Patterns which I had identified whenever I have time. These are not trading calls, but you can use them if you think so.

AXIS BANK (1000.30)

Axis Bank  has formed two pennants.

StateBank

State Bank has formed a Shoulder Head Shoulder Continuation Pattern.See the Right Shoulder has not formed properly which shows the weakness.

Dont forget to read my other blog on Astrology for the weekly Forecast and the Hindu Festival Calender Update.

http://www.yourastrologer.wordpress.com

INDIAN STOCK MARKET VIEW FOR AUGUST 25

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

NIFTY (4888.9)

Nifty has formed an inside day.So look for break of 4966/4863 for direction.

 

INDIAN STOCK MARKET VIEW FOR AUGUST 24

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

NIFTY (4948.9)

Nifty closed above the first hurdle.Since Volatility is decreasing we may see a pattern  formation.Next testing levels are 5162- the 20 dma,and 5229-5323 area.Anytime 4796 is broken beware of a steep fall.

CHAMBAL FERTILIZERS

If markets are bullish then look for a move above 107.75 to take it to 114+ .Stoploss is below 98

 

INDIAN STOCK MARKET VIEW AUGUST 23

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

NIFTY ( 4898.8)

Nifty, as mentioned made a bounce back today.As the saying goes – In a bull market look for supports, and in a bear market look for resistances.So I am giving only resistances i.e 4932/5229.65/5323.Resistance does not mean that one should go short at these levels but one should watch topping patterns near these areas like Doji, Hanging Man, Evening star etc and then take a short position.If anyone is Long he  should be protect his position with a stop loss of 4796.Below 4796, markets will crash.

Indian Stock Market View For August 22

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

Nifty (4845.65)

I had been advocating a very bearish stance with a target of 4800 & then 4450 if 4800 does not hold since the break of Weekly Triangle in Nifty.On longer term basis I am bearish since a lot of Index based counters have broken the Support .But short term bounce backs may take place, where one will get fresh opportunities to short.Break of 4796 will take Nifty to 4612 very fast.Those who want to go long on bounce backs 4796 is a stoploss.

WEEKLY NIFTY


NIFTY DAILY

KWALITY DAIRY (164.40)

If you want a scrip to go long during market Bounce back, Kwality looks good with tight stoploss.

I am giving below some scrips which are bearish and can be kept in mind during the next leg of the bear run.

RELIANCE (weekly)


AXIS BANK ( WEEKLY)

Breaks out of Weekly Triangle.

ICICI BANK WEEKLY