Nifty 50 shares Pivot levels !

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NIFTY

            We had a weak close yesterday but after a good recovery from the low and making a lower tail, we were expecting a good bounce. It failed to bounce & sustain today. There was no follow up buying today. Today’s close is at 6112. The upward movement can take place only & only if it crosses and sustains above

HEROMOTOCO

            HEROMOTOCO is closed at 1975.20. Slowly the trend is reversing and the downward movement is speeding up. After making an interim top in December 2013, it started coming down and today after making a long upper tail it closed near the low. One can short this stock below today’s low i.e. below 1963. One can set

Nifty 50 shares Pivot Levels !

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NIFTY

            NIFTY almost completed and achieved our targets. 6000 was a target and it came down to 6025 and reversed. As we were saying, there is a very strong support between 5970 & 6000, it bounced back from the 6025 level itself. After 2 big gap downs and 344 points downward movement in just 5 days is a big event.

So combining these factors together, we might see a dead cat bounce. After a big fall in just 5 days and reversing from the support zone and closing in a green bar itself suggest some green in

LICHSGFIN

            LICHSGFIN is also in a down trend. Stock in February series, it has closed at 194.70. as we have mentioned, after so much of down fall in stock & in NIFTY as well, we might have a bounce, a dead cat bounce, but as per the technical indication, there is no buying signal on charts. So we will be keeping our bias negative as of now. Even this stock is indicating further down side

Interesting stocks with important levels - Intraday

NIFTY

            NIFTY has again came near 6100, our second target, and recovered from 6107 and closed at 6120.80. We still feel that there is very strong support zone between 5970 & 6000. The doors are

RPOWER

            RPOWER is showing a prominent weakness and in a downtrend since almost start of this month. Today’s close is at 63.30 and it suggest us a continuation of this pattern and downward

SBIN

SBIN has broken multiple supports lying around the level of 1600, you can view that clearly in the chart below. SBIN has closed at 1578.25, with a 1.40 % big red bar. The close itself suggests possibility of more downward pain in the stock. One may short this stock for the targets

Interesting stocks with important levels - Intraday

NIFTY

No change in levels. One more target is achieved in NIFTY of 6100. Now the third target is 6000 and we have a very strong support zone there around 6000 / 5970. If NIFTY comes around 6000 odd levels, we have to keep a close eye on the behavior of NIFTY and we might find a very

RELCAPITAL

RELCAPITAL is in a bearish mode. Today’s close is at 326. One can sell this stock below today’s low ( 321.10 ) and keep a Stop Loss of today’s high ( 330.65 ). Targets can be set at 315 &

RELINFRA

RELINFRA is in a down trend and closed at 375.80 and one can sell this stock for the

Interesting stocks with important levels - Intraday

NIFTY

As expected and stated yesterday, we had big down bar today and closed at 6148.05, a 2.0 % crack. Way below our star level of 6240. The first target we mentioned was achieved already & other targets are also in line, waiting. Now tomorrow as we have a very big event in the market in the form of RBI policy announcement, we have to be very cautious on any trade.

Prediction and assumption of RBI policy & trading is not the way to trade, what we have in our reach is the technical setups, which definitely pointing towards further downward move. But we do not know what will be the result so we have to go short but with a strict Stop Loss. Target levels have not been changed. Sell targets are 6100 & 6000 for short term and Stop Loss can be kept at our old level which is at 6240. Please refer the chart below for better understanding.

IDBI

IDBI has broken three major supports and closed below that at 57.65. Looking at the global cues and the way our market has fallen from the top, indicates a definite down swing. Tomorrow we have an announcement of RBI policies. It is difficult to assume and predict the outcome of policies and trade. what we have is chart and we have a very weak chart but to avoid any unforeseen circumstances we will trade with very strict Stop Loss.

            One can sell IDBI for the targets of 55.65 & 53.65. Please keep a Stop Loss of 59.75. Please refer the chart below for better understanding.

UNIONBANK

UNIONBANK is trading in a range since last five odd months and today it has given an indication of breaking down. As mentioned earlier, taking into account of the event of RBI policy announcement, we have to trade with utmost caution. Today’s close is at 110.65 and one can go short on this stock BELOW 109. Targets can be set for 106& 103. A Stop Loss can be maintained at 114. Please refer the chart below for better understanding.

Interesting stocks with important levels - Intraday

NIFTY

NIFTY closed at 6276.15, a 1.20 % fall. Even though it is above, 6240, our star level, in case of breaching 6240, one has be cautious as it has been a long time, hovering around this level. Looking at the global scenario, we must take the breach of 6240 seriously and consider the closing of longs in NIFTY and stocks as well.

We can safely assume that the break below 6240, will show us 6170 & then 6100 also in a due course of time. We have a very strong support zone between 5970 & 6000. A close below this level will make bulls handicap for a while & a serious concern will arise. 5800 will be very easy target in that case.

            In short there are various supports we have discussed. If you have longs or you want to trade fresh in NIFTY, please look for the supports mentioned here and the behavior of NIFTY around these levels. Have keen eye on, how much time it takes to breach the level ? What is the behavior after breaking the level ? Whether it returns from the level or going further down towards the next level ? sustaining above 6240 decisively for a bit longer is quite necessary for any long trades.

A little thinking & attention will clear most of the doubts and might save you from unknown danger and keep you on the right side of your trade. Please refer the chart below for better understanding.

KOTAKBANK

KOTAKBANK has also given a decisive bar with a close of 686.95, almost 3 % down bar. Without crossing previous day’s close, it has indicated a down signal. It has made a great bearish pattern, “ Head & Shoulder “ which indicates a dangerous fall. A short position can be initiated for the targets of 677 & 667 in a short term. A closing basis Stop Loss can be set at 701. Please refer the chart below for better understanding.

AMBUJACEM

AMBUJACEM is already in a downtrend. Today’s close is at 163.55. It is full 4.80 % down bar. After 10 days of consolidation AMBUJACEM broken down decisively with a decision bar. One can sell this stock for the down targets of 158 & 153. And close below 153 can drag it down to 147 / 145 kind of levels. A strict Stop Loss can be maintained at 168 on closing basis.

Please refer the chart below for better understanding.

Interesting stocks with important levels - Intraday

NIFTY

NIFTY has closed flat but positive at 6357.80, merely 0.10 % up. A NIFTY trader’s bias should be positive & trade long as per the levels discussed in previous post / research report. Please refer the chart below for better understanding & reference.

JINDALSTEL

JINDALSTEL has tried hard to give a break out of a small range. This stock closed at 267.70, a 2.10 % up. Small targets can be set at 272 & 275, with a strict Stop Loss at 261. Please refer the chart below for better understanding & reference.

UBL

UBL broken the one month’s range and closed quite up at 824.90, a 3.10 %. One can buy this stock for the targets of 843 & 870. A closing basis Stop Loss can be maintained at 806. Please refer the chart below for better understanding & reference.

Intersting stocks with important levels - Intraday

NIFTY

As stated in earlier posts, finally NIFTY tried to break out of range and closed above the level for buying, i.e. 6320 / 6340. Our bias is positive. By rules we have to be on the long side, and any longs in NIFTY must be maintained with a Stop Loss of 6300. As mentioned earlier, below 6300 there will be again no trade and below 6240, there will be a short trade. Please refer the chart below for better reference.

CENTURYTEX

Almost after a month’s consolidation, CENTURYTEX has broken out of range. We must take a chance & initiate a long position. It is closed at 326.70. We have to buy this stock for the targets of 334 & 338. A strict Stop Loss can be maintained at 319. Please refer the chart below for better reference.

DABUR

DABUR has broken many supports in a single session. It has given a close of 161.50, a whole 3.40 % down. And it is not a good sign for short term at least. There is a minor support at 161. In case of respecting it, we might have a small bounce. And it is very well expected but the trend has lost the strength on up side. On the breach of 161, we can set the targets of 158 & 155. In case of close below 155, we might see the levels like 150 & further down. In case of short initiated, one must keep a strict Stop Loss of 166. Please refer the chart below for better reference.

Interesting stocks with important levels - Intraday

NIFTY

No change in views and levels for NIFTY. Please refer previous posts for views & levels. Please refer the chart given below for better reference.

TATAMOTOR

TATAMOTOR is in range and consolidating since last one month’s time. Today it has given a first sign to break out on the up side by giving a 2.5 % up close at 385.20. One can buy this stock for the targets of upsides are 395 & 402. A strict closing basis Stop Loss can be maintained at 375. Please refer the chart given below for better reference.

TATAMTRDVR

TATAMTRDVR is also consolidating past a month’s time. Even this stock is trying to inching upward. Today’s close is at 198.20. This stock should be bought above today’s high i.e. 200.60. The targets for upsides are 207 & 210. One must keep a Stop Loss of 195 on closing basis. Please refer the chart given below for better reference.

Interesting stocks with important levels - Intraday

NIFTY

No change in the views & levels. Please refer the previous posts / reports for levels to trade. Please refer the chart below for better understanding.

INDUSINDBK

After a good consolidation, the stock is breaking out. Today’s close is at 433.50. One can buy this stock above 435 to be safe. The targets can be set at 443 & 460. A strict Stop Loss can be maintained at 424 on closing basis. Please refer the chart below for better understanding.

SSLT

SSLT is trying hard to break the range on the upper side. Today’s close is at 206.35. One can buy this stock above 207. The targets can be set at 217 & 225. A strict Stop Loss must be set at 197. Please refer the chart below for better understanding.

Interesting stocks with important levels - Intraday

NIFTY

We can very well see from the movements and chart of NIFTY since past few days that NIFTY neither breaking down nor breaking out. It is just hovering around the levels 6240 – 6330. In this kind of situation we cannot do anything brave but wait patiently and keep a keen eyes on the levels described above ( and in previous posts / reports ) and take a position accordingly with proper Stop Loss. There is nothing much to write about NIFTY though, stock specific movements are producing good movements and generating good profits. So for the time being we will be continuing our focus on stocks. Please refer the chart below for visual reference.

JPPOWER

JPPOWER is making a bearish pattern for at least short term as what we understand. Today’s close is at 16.70. This stock is making a small and complex head & shoulder kind of pattern, which indicates a short term down trend to continue. Any short position can be initiated for the targets of 15.70 & 15.25. In case of any bounce & trend reversal we have to protect ourselves by keeping a strict Stop Loss of 17.25 on closing basis. Please refer the chart below for better visual reference.

JISLJALEQS

JISLJALEQS has broken the support of 68 and closed at 67.90. So we can go for a short position. Any short trade can be initiate in this stock for the targets of 66.50 & 65.75. One must keep a closing basis Stop Loss of 69.50. Please refer the chart below for visual reference.

KTKBANK

KTKBANK is in a short term down trend. Current close is at 102.05. one can take a chance to short this stock at / below 101.40. One can set the down targets for 97.80 & 95.50. For this short trade a Stop Loss can be set at 104.50. Please refer the chart below for visual reference.

Interesting Stocks with important levels - Intraday

NIFTY

NIFTY has closed at 6329.85. today’s close is flat close, merely with 1.25 points loss. That does not suggest any trend or direction to move. Since it is above 6320, we have to keep our bias positive. Break and close below 6320 will indicate us to be aside. Below 6240 short can be taken with 25 points Stop Loss, as discussed and mentioned in earlier posts / research report.

Please refer the charts below :

PETRONET

PETRONET has broken the support of 117. The fall may continue. Today’s close is at 115.70. A short position can be initiated. The targets can be set at 114 & 111. Please keep in mind that 114 is a very strong support. Only break below that, will be leading the stock to further down. A closing basis Stop Loss can be maintained at 118.

 Please refer the chart below :

TATAGLOBAL

TATAGLOBAL is in short term down trend. Today’s close is at 149.80. One can sell this stock for the targets of 146.25 & 143.25. There is a very strong support around 143. Shorts can be covered around that level. In case of breach of 143 on closing basis may lead to further weakness. Levels for that can be discussed later. A closing basis Stop Loss can be maintained at 153. Please refer the chart below :

Interesting stocks with important levels - Intraday

NIFTY

NIFTY closed at 6331.10. which is a level mentioned earlier as in our previous posts. But to be in a safer boat, one can initiate a buy trade in NIFTY once it crosses 6340 and set the targets of 6380 & 6420. A closing basis Stop Loss can be set at 6300. See the chart below

HDFCBANK

HDFCBANK is slowly breaking out of a small range. Today’s close is at 682.10. Any upward movement in this stock will take it to 694 & 705. One can initiate buy trade accordingly. 670 can be maintained as a closing basis Stop Loss. See the chart below

Interesting stocks with important levels - Intraday

MTP Research report & trading levels !

A download section will be added shortly. A sample MTP Research report & Nifty 50 trading level's MS Excel sheet downloading link will be provided here for all. This service is for paid subscribers. But here it will be provided for a short period of time on a trial basis. Readers can download it and have a look at it.

NIFTY

NIFTY closed at 6256.50. 0.5 % down. As we have mentioned earlier, we will be out of NIFTY trade, and it is trading in a “ No trading “zone as we have stated in previous posts. There is no change in views & levels. Readers already know about those levels posted on

ACC

ACC is in a long term down trend since past 15 months i.e. since October 2012. Today’s close is at 1024.40. It is closed exactly closed at support. One can Sell this stock once it breaks below 1021. Targets can be set at 980 & close below 980, might take this stock to

CAIRN

Since past four months this stock is trading in a range. Today it tried to break out from a range. Break out will continue its journey upward or not that will be known only in due course of time, so we have to take our chances. Today’s close is at 330.85. One can buy this stock above 333, for the targets of 340 & 348. A strict & disciplined closing basis Stop

Interesting stocks with important levels - Intraday

NIFTY

As stated earlier, we have squared off our small remaining short positions. Nifty has closed at 6285.30. Close above 6240, means again falling into a trend and there will be no trade between 6240 & 6330. We have to keep a close eye on the levels and wait for right

GICHSGFIN

GICHSGFIN is a stock from cash market segment. This stock is closed at 108.30. This stock is trading in a small range since October 2013 and it is making a very small cup kind of pattern which is a bullish pattern. So today we have picked this stock up for you. Looking at

NIFTY Positions !

sustaining above 6270 for half an hour, will indicate a short term strength so we will be out of our remaining small short positions. This is not an indication of going long. Just squaring off the shorts and sitting aside for next strong signal.

Interesting stocks with important levels - Intraday

NIFTY

NIFTY has tried a lot to achieve the higher levels but as the day progressed, the gain slowly started giving up the grounds. And closed flat but negative. It has made a long upper tail which also indicates a weakness.

Our levels and views are still the same. Some positions are still open on short side and some profit booking has also been made to lighten up the positions. But still it is way below

ACC

ACC is a shorting candidate for short term. Today’s close is at 1038.20. This stock can be shorted for the targets of 1025 & if closes decisively below this, then we can very well

PETRONET

PETRONET is breaking down. Today’s close is at 117.50. There is a very stiff support at 117. I strongly believe that it will be breaking that support. One can initiate a short

RPOWER

RPOWER is breaking down of a range and it has broken a two major supports also. Current market price is 66.70. We can expect it to come down to 64 & then 61. We can keep

Interesting stocks with important levels - Intraday