01-02-2016 - Index views

Nifty :

            Nifty closed at 7568.05. A huge up day with almost 2 % gains with 140 points jump. As described & doubt earlier, Nifty never went below 7400 and did not give a chance to short it. Instead, it crossed our first upper target of 7520 successfully & marched towards the second & stiff target / resistance of 7600. It closed at 7568, a hefty up day. Now the target remains the same as 7600 / 7620. If Nifty closes above 7620, it may head towards 7660 & 7690. For any long position in Nifty in short term, a strict Stop Loss must be applied at 7440 / 7420 on closing basis.

BankNifty :

                        BankNifty closed at 15,536.80. BankNifty also recovered from the low and gave a good jump of almost 1 %. It almost touched the support and came up drastically. The first target is at 15,700 / 15,800. If it closes above these levels, 16,200 and the levels above, are not difficult to achieve. Only thing we have to watch strictly is the Stop Loss of 15,100 on closing basis. One must ride the rally with longs and a trailing Stop Loss in Nifty, BankNifty, both. Any other / reversal signal will be discussed here, well in advance.

01-02-2016 - PRICOL

Pricol Limited – PRICOL

            PRICOL has given a close at 47.95. This stock has given a beautiful breakout for the third time. Two failed breakouts are mentioned in the chart given below, now this breakout seems to be the right one.

            After a yearlong base building between the price of 30 & 40, now this stock is breaking out of the range. This stock seems very sound & promising, at least technically, for a short term up move and for the gains

29-01-2016 - Index views intraday

Dear readrers,

Nifty futures cmp - 7461 at 13:30 am. Now if Nifty trades below 7450 & sustains, one may start making short positions slowly with PEs ( options ). in case of drifting down further and trades and sustains below 7420, one may aggressively short / buy PEs of Nifty. Your Strict Stop Loss will be 7520 on closing basis. Positions added in a staggered manner will be a better strategy.

29-01-2016 - Index views

Nifty :

            Nifty closed at 7428.30. Nifty has closed absolutely flat even on third day today. 7520 & 7600 are still valid resistances and target points. Today was the expiry, which was flat. In case from tomorrow onwards, Nifty picks up the upward momentum, & if it trades sustainably above 7520, we might see even 7600. The close below 7400 will be a danger for bulls for short term. So any fresh longs can be initiated with this StopLoss on closing basis or one can ride the rally with old positions with a trailing Stop Loss. Those who can, must wait for a clear signal.

Bank Nifty :

                        BankNifty closed at 15,397.20. As we always discuss, Bank Nifty outperform Nifty in both the ways. Even today, Nifty is flat but Bank Nifty drifted downward almost 1 %. There is a small support at 15,330, it can bounce anytime around this level. 15,800 & 16,200 are still valid targets unless it breaks & closes below 15,000. Further targets can be discussed later. At this point in time one may enjoy any rally with a strict Stop Loss of 15,000 on closing basis. Trade safely, trade wisely.

28-01-2016 - Index views

Nifty :

            Nifty closed at 7433.40. Nifty has closed absolutely flat for consecutively second day today. In case upward momentum picks up, and if it sustains the up move, it may go the previously said levels of 7520 & 7600. Even after the good global cues, our market did not sustain the up move and came down to flat close. As stated, 7400 is a very crucial support zone for short term. Any longs must be accompanied with a strict Stop Loss of 7400 on closing basis. If it does not close below 7400 and goes up, enjoy the rally, with trailing Stop Loss of course. 

27-01-2016 - Index views intraday

Dear readers,

At this point in time, at 10:00 am, Nifty is at 7423. MAde a high of 7444.80 & made a low of 7415. today's range is defined as 7400 as a crucial support for the day & 7435 is a crucial resistance for the day. Any side break & sustained trade will give us a good move.

So trade accordingly & trade safe !

Regards !

27-01-2016 - Index views

Nifty :

                Nifty closed at 7435.45. As Nifty has closed very flat, levels of 7520 & 7600 are still valid. Only point added today is the support level, which is roughly between 7420 & 7400. As we have mentioned, a sustained trade above 7500 might take it to 7520 & 7600 levels also. Please remember, now every long should be accompanied with a proper Stop Loss of 7400 on closing basis. Riding the rally with a trailing Stop Loss will be the best strategy for now.

BankNifty :

                BankNifty closed at 15,516.20. Same like Nifty even BankNifty closed flat. Pattern for BankNifty is same like Nifty. So even in BankNifty, longs must be armed with a proper StopLoss of 15,400 on closing basis. A sustained trade above 15,400 might take this to 15,800, 16,200 kind of levels. Cautiously long and riding the rally with trailing Stop Loss is a better strategy. Trade safe.

25-01-2016 - Index views intraday

Dear readers,

Good morning. As per the previous post, we had a bounce today in the morning. 7500 & 7430 are two crucial levels to watch for. In case of breaching 7430 and trading sustainable below that, might prove dangerous for bulls in short term.

Trade above 7500 may give another push of 80 / 100 points on the upper side. any longs must be accompnied with a strict Stop Loss

Regards