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 (6,064.40) +25.20  +0.42 %

NIFTY as I said will face resistance at 6068.50, because of a DOJI candle on the Hourly chart ( read previous posts).As a result NIFTY could not close above 6068.5 on Friday.A sustained close above 6068.5 for 2-3 days or a 1 day close above 6068.5 with high volumes will take NIFTY to 6200.Failure to do so i.e failure to cross 6068.50 on a closing basis will take NIFTY to test 5919 – 5938 zone painted yellow, which is the bottom of a rectangle.

NSEIND

MY NEXT POST WILL BE ON FEBRUARY 4.

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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 (6,039.20) + 37.35  + 0.62 %

NIFTY

TATA COFFEE HOURLY CHART

Tata Coffee today tried to break out but could not do so.Those with low risk apetite can buy it on corrections with stop below 1568.A break and close above 1658 with volumes may take it to higher prices.For positions above 1658 a stop below 1600 looks better.

TATA

 

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 (6,001.85) -54.75  -0.90 %

Nifty fell by 54 points and the CAUSE lies in yesterday hourly chart.There is a DOJI in hourly chart yesterday.So wait for the markets to correct.Support area is around 5915 – 5939 marked by the blue colour.6068.5 which is the top of the DOJI will be formidable resistance to cross in the coming days.

NIFTY HOURLY CHART

NSEIND

 

NIFTY AND INDIAN 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 (6,056.60) 32.55  0.54 %

 I am unable to give Nifty Chart as there is some problem with my software.

Recap of yesterday’s recommendations.

3 out of 5 scrips triggered at the opening price and 2 scrips triggered before 9.25 AM.See the rules of trading, I had mentioned in my previous post i.e not to trade if opening price triggers the trade or if trade gets initiated before 9.30 AM .So none of the trades were to be taken. Preferably start trading my recommendations after 9.45 AM only once the market settles.

TATA COFFEE

A beautiful pennant .Buy above 1631 for target of 1800 + ,This is a positional trade.Once trade is initiated stoploss below 1575.

XTATCO

NIFTY AND INDIAN 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 (6,024.05) +72.75  +1.22 %

Nifty went up by 72.75 points today .The support zone coloured Yellow/ Green (see my previous posts) i.e 5919 -5935 area acted as a strong support.

NSEIND

RECAP OF MY RECOMMENDATIONS GIVEN YESTERDAY

Of the four recommendations given, 3 triggered a sell and 1 gave a buy.But despite the strong run of the Market, my sell triggers gave substantial profits.

Clariant  

Triggered buy at 620.05 and went upto 625.

Lupin

Triggered sell at 584.20 and went to a low of 576.

Bajaj Electricals ltd

Triggered a sell below 207.55 and went to a low of 200.

Engineers India

Triggered a sell at 227.65 but did not hit the Stoploss and closed at 230

CALLS FOR THE DAY 15/01/2013

The calls are good for the day only.

Do not enter at the open.Wait for 15 -20 mins for the market to settle down.

If the Opening price has already triggered the entry, avoid the counter.

Sometimes it may trigger entries both sides, then take entries likewise or get out at the stop.

Buy means “buy above” and sell means “sell below”.Take position whichever side triggers first.

Standard Chartered Plc

Buy  118.55  stop  116.45

Sell   116.45  stop   118.55

TV TODAY

Buy 84.80  stop  81.95

Sell 81.90 stop  84.80

Financial Tech

Buy 1146.05  Stop 1122.9

Sell  1122.9   Stop  1146.05

HDFC Bank

Buy 670.55  Stop  666.90

Sell  666.90  Stop  670.55

Educomp

Buy 142.25  Stop  139.95

Sell  139.95  Stop  142.25