Happy New Year 2014 !

NIFTY

Since the market mood is quite calm & there is very limited movement, today’s close also is a very flat close. It suggests nothing but indecisiveness. As there is very limited downside is seen, we have to keep our bias positive. Simultaneously we have to keep it in our mind that we are trading on an all time high. So we have to be cautiously positive & long. And

FRL

FRL is in a long consolidation since last five months. Many times it happened that it has given a good move of 7 / 8 % in a day and failed to break out and again fallen into a range. But we have to take a chance to go long when there is a fair chance to break out and

Interesting stocks with important levels - Intraday

NIFTY

After a good start in this new expiry, NIFTY has given a weak close comparatively. As we have already mentioned in our previous posts / report that close below 6320, we will close all our longs in NIFTY. Even though the bias is positive, we have to take utmost precaution for any longs in the market.

HINDUNILVR

HINDUNILVR is in short term down trend. It is trying to change the trend and go up. The close is at 577.45. A long position can be initiated. Above 582, the trend will gain the momentum on the up side. Close above 582 will ensure the upside and the targets of 595 &

RECLTD

REC is in an uptrend. This is time it is trying to form a lower top, lower bottom kind of pattern. It is not yet confirmed but the process is already on. Today’s close is at 213.15

Interesting stocks with important levels - Intraday

NIFTY

NIFTY is resilient on the down side. Current scenario does not show any weakness in the trend as of now. We are continuously bullish, of course with a cautious mind set. Still the stance does not change. We are bullish but only target is changed as our previous targets are achieved.

ITC

ITC is inching up with a trend. Now it is breaking out of a small range. ITC has closed at 325.25. A long position can be initiated above 326.25. Small targets can be set at 329 &

NMDC

NMDC is in a strong uptrend. NMDC closed at 143.20. A long position can be initiated at / above 145. And targets can be set at 149 / 155. A strict Stop Loss can be maintained at 138 on closing

TCS

After making a life time high in mid of October 2013, TCS was trading in a range since last two and a half months. It seems now it is trying to breaking out of the range for new highs. TCS closed

Important !

Below are some levels & technical view for NIFTY & UNIONBANK.

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Thanks & Regards

NIFTY

NIFTY closed flat at 6279.35. Just 2 odd points. Flat close will not give us any clue. So we will continue our stance and maintain our levels with positive bias. Nifty can be a long trade with

UNIONBANK

UNIONBANK has given a close at 129.20. UNIONBANK is in a downtrend since October 2010. After a long downtrend of two years, it is now consolidating since September 2013 in a trading range. After a long downtrend, it is quite possible that it might NOT breakout and continues the consolidation but we have to take these kinds of chances before it breaks out. As the Stop Loss will

MERRY CHRISTMAS !

Merry Christmas ! Fill up your life with love, compassion, tolerance, peace and happiness. Merry Christmas! To all of you my friends... !

NIFTY

Nifty has given a flat close. It is 0.3% down, at 6281.70. so no movement in price and no movement in chart as well. So no change in view. All the levels provided in previous post / research report are still valid. Please refer that and you may act accordingly.

IDEA

IDEA is losing the steam slowly. We may take a chance to go short in this stock. A short position is justified once it breaks and trades below today’s low, 165.9. The lower targets like 160 & 154 can be seen. A strict Stop Loss can be maintained at just above today’s

SUNPHARMA

SUNPHARMA is in a continuous down trend since last October. It has given a close at 569.55. It is making a lower high & lower bottom kind of pattern. This clearly indicates a down trend. 

Interesting stocks with important levels - Intraday

Important !

Dear user,

Due to some technical difficulties... Intraday levels might not be updated today. If possible, some trading picks will be posted during the market hours. Inconvenience regretted.

Thanks & Regards

NIFTY

NIFTY is trading in a tight range.  Nifty closed at 6302.35. Only 0.20 % up. And a flat move. No change in views. All the levels, given in previous report are still valid. 6330 is first target on closing basis. And if sustains, the next target is 6380. The other levels are not relevant at this point in time. All the longs must be accompanied by proper & strict Stop Losses. A proper discipline should be maintain with positive bias and with a 6240 Stop Loss on closing basis.

CANBK

CANBK is in an uptrend. It has closed at 278.25. Slowly and steadily it is inching towards higher levels. Buying is advised for the target of 295. A strict Stop Loss must be kept at 268 on closing basis.

PNB

Long position can be initiated in PNB. The close is 624.95. Targets can be set at 635 & 660. Stop Loss must be kept at 604 on closing basis.