MY RECOMMENDATIONS HIT THE BULL’S EYE

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.

S&P CNX NIFTY (5,727.45) + 91.55  +1.62 %

My recommendations have performed as predicted. NIFTY took support at the support zone and shot up. VGUARD India recommended at 482 went to a high of 538 and Jyothi Labs recommended at 173 touched a high of 180.
Nifty should break the falling channel and cross 5778 on closing basis for bullishness to prevail.The support levels are unchanged.

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NIFTY AND STOCKS

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.

S&P CNX NIFTY (5,626.60) -1.15  -0.02 %

As I mentioned in my last post, Nifty will find support in the “Support” zone shown by me.Also 50 dma at 5603 is still a support.Nifty should go above 5778 for bullishness.A break below 5549 will make Nifty follow a pattern of Lower Top and Lower Bottom and may stall the uptrend.Watch 20 dma level at 5643 and 50 dma at 5603.

MOMENTUM STOCKS

The following are the momentum stocks which will see ACTION in the coming weeks.Action means either up or down.

VGUARD INDIA

Wait for consolidation and then breakout.

JYOTHI LABS

Steady uptrend

NIFTY

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.

S&P CNX NIFTY (5,631.00)  -35.95   -0.63 %

Nifty has broken the 20 dma and hovering near the 50 dma of 5604.Watch this level.Below 50 dma the pink colored area 5526 – 5447 is a good support.

NEXT POST WILL BE ON 22 nd

NIFTY

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.

S&P CNX NIFTY (5,686.25)  -52.50  -0.91 %

Nifty closed at  support of 20 dma i.e 5683 .Let us see if it holds this support.The next support is at 50 dma at 5597 and a host of support between 5526 – 5447 range coloured in blue.

NIFTY

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.

S&P CNX NIFTY (5,760.10) + 35.70  + 0.62 %

Nifty has decisively gone above 5725 as stated in my earlier post and a target of 5815 + looks imminent.

NIFTY

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.

S&P CNX NIFTY (5,697.70) +52.65 + 0.93 %

Nifty has closed above the resistance level of both 20 dma and 5690. A close above 5725 will take it to  5815 + level.

 

 

NIFTY

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.

S&P CNX NIFTY (5,645.05) + 25.35  + 0.45 %

Nifty is taking resistance at the 20 dma of 5655 and 5690 as you can see in the figure.

NIFTY INTRADAY 5 mins