Nifty - Start of an end

Nifty has closed @5640.
As per the chart posted  on 21 Aug Nifty has reached 82.5% retracement.
This level will have a stiff resistance & it will take couple of good news to move ahead of 5640 -5650 band. Closing  twice above this level is needed to overcome the resistance which somehow seems difficult.

Rel. Media hit the stop loss o 192 & then rallied.

JK Lakshmi gave almost 10% of return.

Reliance can still  move & touch 1000. Maybe it can cushion the fall.

Selected script will give good yield.

Every buying need to be with strict stop loss.

Dangerous Game is about to begin.


Please go through the disclaimer mentioned elsewhere on the blog.


Disclosure : I am holding the positions in above mentioned stock.

Rel Media - Fibonacci chart

Reliance Media moved after touching the support of 193. 10 avg olume is 2 lakhs shares & on friday the script rose on volume of 6 lakhs+.

Now depending upon your risk profile ,  you can put stop loss of 192 , 197 or  201.
There is a probability of Rel. Media closing near 209 -212 level tomm.

As per chart, next level is 260 , where profit can be booked.


Please go through the disclaimer mentioned elsewhere on the blog.


Disclosure : I am holding the positions in above mentioned stock.

Nifty Channel & Fibonacci Update

Nifty Fibonacci level target.

Blown up version of Fibonacci level chart.

Both the chart indicates Nifty has strong resistance around 5650 level.

Also Nifty to rally from current level, contribution form Reliance & metal stocks is needed.

Reliance has already started the move. Before expiry, Reliance might fire t rapping the short sellers.

Tech Mahindra looks interestingly poised for an upmove.

Reliance Media has surged on a good volume.  Rally in this stock can be swift & an touch 260.

Stop loss in all the trade is compulsory & that is not be said over & again.


Nothing in this post should be considered as investment advice.



Please go through the disclaimer mentioned elsewhere on the blog.


Disclosure : I am holding the positions in above mentioned stock.

UTV Update

UTV has reached  our  target of 535 in just four days once again.

Reliance has just started its move & Nifty moving ahead towards the target of 5646.

Moser,  which was under performing from long time has picked up the action ,as Blackstone commented on taking stake in it. The game is about to begin , was waiting from long time. :)

Now lets  see Suzlon, weekly close near 53 will boost the chances of reaching 64.

Ibreal looks good around 186 level.

JK Lakshmi Cement (62) is  looking good.


Please go through the disclaimer mentioned elsewhere on the blog.


Disclosure : I am holding the positions in above mentioned stock.

TATA STEEL - Divergence

As weekly chart indicates, Tata Steel has a positive divergence with MACD.
On 30 May 08, Tisco made close of 902.80 & on 9th April 2010 Tisco made a lower close of 676.20,
where as in same period MACD has made a higher high.

Also MACD is about to give a positive signal ( marked by eclipse).
One can expect Tisco to move north from this level.
Stop loss of 498 should be maintained.


Please go through the disclaimer mentioned elsewhere on the blog.


Disclosure : I am holding the positions in above mentioned stock.

UTV - Update

UTV started its north move one again after a brief retracement. Well lets see when it reaches 535.

Ibreal after long time crosses 200 mark & has potential to touch 240.

Reliance again trading at the bottom of channel , still not performing & many out there on  Biz channel has negative  views on it. Can all this factor make Reliance bounce back. One wonders if Reliance doesn't perform can Nifty touch 5600 ?

Suzlon ..... with a stop loss of 49  looks better poise to hit 64  mark & 74 sounds  too optimistic ;) but its suzlon.

Tisco after  reporting in black still languishing around 525 but again it can reach 590 if Nifty touches 5600.


Well all said & done its market & Mr.Market has  its own plan. We can just check the probability :)




Please go through the disclaimer mentioned elsewhere on the blog.


Disclosure : I am holding the positions in above mentioned stocks.

UTV Update

UTV moved to our first & second target of 485 & 507 in 5 days itself, now after consolidating  for few days, it is ready to move to the third target of 535

Stop loss of  Thusrday's low is must &  there on trailing stop loss should be used.

Reliance is the script to be watched. Metals also can make a move

Gold is poised to move higher from this level as technically MACD is about to give Buy signal.
Due to professional commitments , i will not be able to post Bullion chart on the blog.


Please go through the disclaimer mentioned elsewhere on the blog.


Disclosure : I am holding the positions in above mentioned stocks / Bullion.

UTV - POSITIVE DIVERGENCE

UTV (466)  has  a Fibonacci support @ 439  & the next target can be 485 , 507 & 535.

One must keep stop loss of 437.


Please go through the disclaimer mentioned elsewhere on the blog.


Disclosure : I am holding the positions in above mentioned stock.

Nifty Update

Nifty has a resistance @ 5369 & 5618 which are importance Fibonacci levels.

Incidentally @5618 level, Nifty will face resistance of channel upper trend line.

Can ONGC & Reliance take Nifty to this levels? or will it be Metals & IT ?

Trend might change below 4960 & breaking of the lower channel will drag it to 4300.

Again will it be ONGC , Banks & Metals to blame ?

Watch out ONGC & Metals.

Nifty stop loss of 4960 is to be maintained.

please go through the Disclaimer mentioned elsewhere on the blog.

Disclosure : No position in Nifty

Nifty Channel

On last Sunday marketing executive of one of the leading DTH operator asked me which business channel I view most.

I answered i view Nifty channel the most. .................... :)

Nifty is moving in the rising channel with lower band around @ 4800 & upper band nearing 5550.

Can Bulls push Nifty towards the upper line before giving in to the bears.

Dow & Nasdaq are almost 1% up at this time & expiry volatility will be on peak.

OI in Nifty 4200 PE has increased indicating a bearish picture, but is this the first time this kind of picture is being created ?

Hmmmmmm.....

Time is the best judge.

Please go through the disclaimer mentioned elsewhere on the blog.

Disclosure : No positions in Nifty F&O.

P.S. : After surpassing 18,000/- Gold hit 19,000/- mark today. Just few steps away from 20,000/- the second target. It was too fast than i expected.

Due to Professional commitment i am not able to post Bullion chart.

Bullion - Technical Update

Gold has broken above the trend line & also retested the line & moved up.

There is a probability of touching previous high. Traders can keep stop loss below the trend line.

Gold is trading way above the 200 EMA as of now & long term investors can keep stop loss of it to maintain the positions.

please go through the disclaimer mentioned elsewhere on the blog.

Disclosure : I am holding the positions in above mentioned stock / commodity.

Bullion - Technicals

Gold is moving in a triangle with base @ $1074, which incidentally is an important Fibonacci support ( 50% Retrace).

Next trend resistance & the Fibonacci level is around $1110 , breaking of this level will give a triangle break out & Gold has potential to reach its previous high.

Stop loss of $1070 is must.

please go through the disclaimer mentioned elsewhere on the blog.

Disclosure : I am holding the positions in above mentioned commodity /stock.

Nifty - Fibonacci Support

Will Nifty hold on to 4829 ( 61.8% retracement) is the big question.

Probability is ; it will.

Sensex has already closed below important level of 16534 as per Wave theory. Is it going to be a blip & recovery will take the index to a high again ?

Time knows the best.

IBREAL - UPDATE

The script has not broken the support level yet.

Can be held with the stop loss mentioned.

At this point, Dow is up by 50 odd points.

please go through the disclaimer mentioned elsewhere on the blog.

Disclosure : I am holding the positions in above mentioned stock.

IBREAL - FIBONACCI RETRACEMENT

WATCH OUT THE LEVELS MENTIONED IN CHARTS.

Script has taken support @189 level, break of it can drag it to 163.

One can hold the position with stop loss of 186 for the target of 245.

please go through the disclaimer mentioned elsewhere on the blog.

Disclosure : I am holding the positions in above mentioned stock.

IB REAL - FIBONACCI

FIBONACCI levels for IBREAL .

One can take position for target of 246, keeping stop loss of 213.

please go through the disclaimer mentioned elsewhere on the blog.

Disclosure : I am holding the positions in above mentioned stock.

TATA STEEL - FLAG BREAK OUT

TATA STEEL has a flag break out & has potential to touch 700.

Stop loss of 623 is must.

please go through the disclaimer mentioned elsewhere on the blog.

Disclosure : I am holding the positions in above mentioned stock.