INDIAN STOCK MARKET VIEW FOR SEPTEMBER 19, 2011

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.

NEXT UPDATION WILL BE  AFTER OCTOBER 3 RD

NIFTY (5084.25)

Nifty has made an Inverted shoulder head- shoulder- pattern.If it breaks the neckline of 5170 with volumes, look towards 5600+ barring resistances of  5229-5323 area. All shorts taken here, if Nifty rebounds to the downside from neckline, should have stop losses 0f 5170+ or more broad stoplosses like 5229-5323.For shorts targets are 4911 and then 4720.

INDIAN STOCK MARKET VIEW FOR SEPTEMBER 15

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 (5012.55 )

As I said Nifty, if it does not break 4911, will see higher prices.And Nifty went up by 71 points on close.So 4911 is the stoploss for short term longs.Short term resistances are at 5040-5050..Longer term players should look for a close above 5170 with volumes and bears should look for a close below 4720.Also aggressive bears can short near 5229-5323  with stops above 5323.

NITIN FIRE PROTECTION

This scrip I had recommended at 120 when the Markets were falling at the Yellow line ( in the Chart).It had appreciated by more than 18 % from that point in a matter of 7 days.

INDIAN STOCK MARKET VIEW FOR SEPTEMBER 14, 2011

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 (4940.95)

Nifty made an outside bar.Watch 4911 which is crucial for short term traders i.e if Nifty holds 4911, one can expect higher prices.Positional Traders should wait for break of either 5170 on closing basis with volume for bullishness or 4720 on closing basis for bearishness.20 dma resistance exists at 5044.


 

 

INDIAN STOCK MARKET VIEW FOR SEPTEMBER 13, 2011

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 ( 4946)

Nifty is making a pattern for certain.Breakout levels are 5170 to the upside and 4720 to the downside.Or aggressive bears may have already taken bearish positions with a “close above 5170” as stoploss.But be ready for false breaks i.e 1 day breaks and reversals.If the look of inverted shoulder head shoulder pattern has to be confirmed, then look for break of 5170 to the upside with volumes.

INDAIN STOCK MARKET VIEW FOR SEPT 05, 2011

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 ( 5040)

As I said earlier, 5094 was my target and we reached there.Nifty touched 5107.7 and has closed below 20 dma of 5052.Now what next ? I am giving 3 scenarios.The black line is the Nifty till now and the red is the future projection and the green line is the 20 dma.

Case A

Nifty takes resistance at 20 dma, pulls back a bit and then zooms upwards towards 5108 and then the BIG resistance area of 5229-5323.

Case B

Nifty hovers around the 20 dma and after breaking 5108, acts the same way as Case A i.e towards 5108 and then to big resistance area of 5229-5323.

 

 

Case C

Nifty takes resistance at 20 dma and reverses to test the bottom of 4720 or below.

 

So watch Nifty closely.

Nifty Daily

 

Good Luck Trading………

MY NEXT POST WILL BE ON SEPT  13.

Also visit my other blog http://www.yourastrologer.wordpress.com

INDIAN STOCK MARKET VIEW SEPT 02, 2011

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 ( 5001)

As I said earlier, that a break from the downward-sloping channel may take Nifty to 5094.Now my point of 5094 looks reachable…but some hiccups can be on the way up. Let us see what happens.If it reaches 5094, then I will review what to do next .Till then Happy trading.

HEXAWARE TECHNOLOGIES (76.20)

If market revives, Hexaware is a good bet either at current rate of 76.2 or above 79 when it breaks the Channel.Either case stoploss is 67.8