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Sell Hindalco now at 112.75-112.3 range SL 116 on closing basis targets 108-102

Sell Hindalco now at 112.75-112.3 range SL 116 on closing basis targets 108-102

DLF -- Good Shorting Opportunity at 171-175

DLF -- Retest of long term breakdown at 173-175, Keep SL 177 on closing basis and go short for targets 150-140-130 in short to medium term. Small risk of Rs.6 -7 CMP Rs.171.4

DLF - Weekly Chart

Oracle -- Looking very interesting and headed towards $35-36 in short term

Oracle  - After retest of trend line at $30-30.5 oracle seems to be heading towards $35.5-36 in short term.

Oracle

Dow Jones and SP500 after FED meet - Technical View

Charts tell the story

Dow Jones

S&P-500

Technical Analysis course with Fee refund offer - Learn The Best of Stock Market Skills

Dear All,

After successful first batch of training on stock market from basics to advanced skills, with huge demand we are conducting 2nd batch on 21st and 22nd September in Bangalore.

Fee refund guaranteed in a month.

Technical Analysis Course covers below topics

¢Dow Theory
¢Types of Charts
¢Support and Resistance
¢Trend lines, Its Importance and Applications
¢Continuation Patterns
¢Reversal Patterns
¢GAPS
¢Price and Volume
¢Open Interest
¢Indicators – Moving Averages, RSI etc
¢Candle Sticks
¢Elliot Wave Theory Concepts

1. The course is designed with lot of practicals to make students understand the charts.
2. Focusing more on simple and effective approaches of trading.
3. Covers from basics to advanced trading approaches.
4. one month support is given to students after finishing the course to make them understand better if students come up with doubts and questions after completion of course
5. Software also provided for life time activation on one system (Charges Applicable). Interested people can go for it for making better analysis.
6. One month FREE subscription to advisory service to make profits in markets so that students get back their fee paid for the course by trading in markets with our research calls.
7. Course is conducted on week end (Saturday and Sunday) from morning 9.30 AM- to 6.30 PM
8. Lunch and Hi Tea are provided during training.

Venue : Curzon Court, Brigade Road, Bangalore
Time:9:30 AM to 6:30 PM

Link to feedback from students of previous batch : https://www.facebook.com/photo.php?fbid=10152550555911002&set=pcb.10152550560601002&type=1&theater

Thread on Facebook: Industry Standard Set up for teaching the best of Technical Analysis on stock Market to beginners from basics to advanced skills.

 

 

Gold & Silver view ahead of FED meet this week in USA

Gold

Silver

HDFC LTD -- SHORT WITH SL 830 TGT 780-770

HDFC LTD, 61.8% Retracement and blue trend line at work. Green trend line will  act as support and also indicate change in trend and head lower on break below 770 levels.As of now targets are 780-770 and below 770 can do 720-710

Grasim Industires - Headed towards 2050-2000 in medium term

Grasim Ind -- Headed towards 2050-2000, short with SL 2600 on closing basis. Retest of breakdown around 2580-2600 is clearly visible on charts. 

Cement sector is completely in downtrend.

Grasim -Daily

Axis Bank -- Heading towards 950-900 in short term CMP 1020

Axis Bank post sharp fall from 1500+ levels till 763 levels, stock has managed to give a sharp pullback to retest multi month breakdown. A "Blue" down trend line acting as important resistance as of now for the stock in short term. Looking at various data points and technical studies we believe that stock may not sustain this up move and there is a correction in the offing and stock can touch 950-900 levels in coming days. Watch out for reaction from violet and Blue trend lines.

Axis Bank

Hindalco - Level 115 is where one can look for shorting

Hindalco -- Good shorting candidate with 117 as SL on closing basis. Target 106 -102, CMP 114.45. Wait for tomorrow's open and will review the strategy. Go short if stock does not sustain above 116 during first hour.

Hindalco - Daily Chart

 

Cairn India - Clean 8% Upmove in 11 Sessions, Targets Bang on !!!!!!!

Cairn India made high 339.3 on 4th Sep 2013 and stock was recommended to buy above 314 August 20th 2013. A clean upside of 8% in 11 sessions.

 http://sensexthenextbigthing.blogspot.in/2013/08/cairn-india-breakout-headed-towards-330.html

HDFC Ltd - Sell The Rally Towards 770-790

HDFC Ltd after sharp decline from 890 levels to 630+ levels, stock has witnessed a sharp bear market rally.

Clearly trend is on the downside hence it advised to sell this rally towards 770-790 levels keeping a stop loss of 800 on closing basis. This rally is not sustainable going forward based on various technical studies. Some of the important trend lines are being shown on chart for understanding the logic behind this strategy.

HDFC Ltd - Daily Chart

Nifty - Weekly charts suggests 4900-4850 in medium term

Nifty -- Channel broken and retest in progress. Size of channel is shown by blue vertical line. On the downside target is size of blue vertical line, which comes at 4850- 4900. 

100&200 Dema and also channel retest comes at 5730- 50. As per weekly chart 5700-5750 is a great levels to short and sit tight targets 4900 in medium term.

Nifty -- Weekly

Cipla - Heading towards 470/490

Cipla -- Call it Triangle or cup & Handle breakout !!! 

Break out above 428-430 was a great buy signal after long consolidation. Given buy above 430 SL 410 on closing basis targets 470-480-490 in medium term.

Cipla - Daily Chart

Sensex and Nifty excited today due to new RBI governor but let us not !!!!!

Sensex up by 400 points due to new RBI governor Raghuram Rajan's speech.

Relax guys dont get excited. RBI governor can not turn around Indian economy on his own. Just see what market is doing

Current rise in market is just a retest of breakdown which happened on Nifty. So this rise should be used to sell. Buying just because new RBI governor made some good speech and everything will be fine  would be foolishness.

Nifty -- Long term trend line has been tested for multiple times before complete breakdown. Current rally should be used to go short than buying. Tgt 5400-5420 SL 5780 on closing basis. Pending targets 5000-4900. Sell rise to 5650-5750 range with SL 5780 and sit tight.

Nifty - Weekly Chart

 Nifty Daily

Intel - Can give turn around but will take lots of time, keep an eye

Intel -- This chip making giant has done nothing since year 2000 for over 13 years. Any turn around in its business would come when Stock manages to close above $29.5 on weekly/Monthly basis.  Investors should keep in their RADAR for breakout.

Intel above $29.5 can do $47-52 over long term. But breakout would take lots of time.

Intel

Cisco Headed towards $40 by 2014 or by early 2015

Cisco - Spectacular breakout, retesting in process. Buy Cisco at $23.30-23.80 SL $20 on closing basis, Cisco has all potential to touch $40 by 2014. Risk $3 and Reward $16 so RRR is 1:5.3

Cisco is having best chart among technology space so I am very much optimistic on Cisco business over 1-1.5 years. Return over 1-1.5 years on Cisco would be 66-70%.. 

I am highly upbeat on this technology company over next few years.

Nifty short term view

Nifty -- Resistance at 5420-30 as shown by green trend line. A trend  change will occur for any meaningful rally only above 5530

Nifty

Cairn India - Breakout, headed towards 330-335

Strong breakout above 314 with good volume. 

Heading towards 330-335 Keep a stop loss of 307 on closing basis.

Cairn India

Nifty -- Long term trend line at work

Any close below 5360-50 game over for Indian Markets. Meanwhile markets are oversold and expect bounce back to 5600-5625 levels before any panic sell off. RSI and USDINR too suggests some recovery in Indian markets.Lets take this market step by step before making a sensational analysis.

Nifty

Google - Making a long term top ? Chart tells so.

Looking at the chart, it is making a topping out pattern around $920 and confirmation comes on close below $848.

Strategy : - Sell Google below $848-847 keep a stop loss of $875 on closing basis for targets $790-785.

Google

Apple - Good Turn around, 9% return in 10 days.

I had covered apple story on 06, May 2013 as per below link. Expected "Apple" to turn around after consolidation and give a break out above $460.
 

After 3 months of consolidation, on 05th August 2013 apple gave a breakout above $460 and given a good entry for investors to buy Apple business.

 Post breakout apple did $502 as of today and can do 510-520 as part of triangle targets which will be a return of 13%.

As of today in 10 days Apple gave a return of 9%. Isn't it a good return from a great company in such a short period of time.

Technical Analysis is a great tool to pick best business across the globe to make money with good risk reward. we waited for 3 months for Apple to give a buy signal and the moment it gave buy signal there you have 9% return in just 10 trading days.

Here is today's chart showing how this analysis worked which was predicted 3 months back.

Prediction on Apple 3 months back :- https://www.facebook.com/photo.php?fbid=10152332933301002&set=gm.544242402283534&type=1&theater 

Apple

Apple

Infosys -- Changing Guard after 2 years of trouble

Stock was consolidating between 2200 to 3000 for a very very good amount of time. 

Now its time for making a comeback as it was the biggest laggard among IT heavy weights (TCS, HCL Tech and Wipro.)

Investors look to accumulate stock between  3000-3060 and add on dips for target 3500 and then 3800.

Technically stock is telling us that worst is over for infosys. Fundamentally this will be out after some time.

Infosys

Technical View on USD INR - Is it nearing a TOP ??

USD-INR: Top is placed at 62.3 and then at 63.5-64 range as shown by "GREEN" and "RED" trend lines. Looking at Doji formed yesterday,upper red trend line (December 2011 top & June 2012 top) and divergence on RSI this asset class could have made a top or could make at 63.5-64 range in worst case scenario. Levels 62.5 and 63.5 are the reversal zone. Confirmation of top is confirmed only on break of 58.70 on closing basis.

If we look at the move from July 2011 to December 2011 (44 to 54.6) which is a 22-23% rally, post that USDINR has seen a correction of  11-12%.

Again from February 2012 to June 2012 (49 to 57.4) USDINR gave a rally of  17-18% rally.  yet again it has seen a correction of 10-11%.

Now we have seen a rally of about  17% from 52/53 to 62.1 from May 2013 till date. 

Every time USDINR made a rally of about 17-22% it has corrected for about 10-12%.

Will it happen yet again and USDINR correct by 10-12% and touch 56-57 levels????

We have wait and watch for reversal signals upon topping out.

Looking at USDINR chart there are some topping out signals are visible around 62.5-64 range.

If it were to happen i think Nifty is poised at making a near term bottom in the zone 5400-5480 as shown in below chart and we could well be surprised.

If 5400-5380 is broken on Nifty on closing basis then this market will be in deep RED.

  

  

                

Just a Technical Thought, views/feedback are welcome :)

Technical View on Nifty, Sensex and Bank Nifty

Nifty and Sensex are diverging from current breakdown seen today. Nifty has given complete breakdown where as Sensex holding on to its previous low as well as trend line support as shown in Chart.

Even if Nifty has to go down and crack completely to witness panic fall there should be a bounce before it happens due to extreme oversold conditions. Bounce to 5750-5800 is possible.

Below Charts are self explanatory.

Sensex Daily Chart

Nifty Daily Chart

Bank Nifty Weekly Chart

Natural Gas -- Triangle Breakdown

Natural Gas - Heading towards 185-190 short at CMP 205.80-205.5 SL 213.5 target 195-190-185.....

Natural Gas

Copper -- Technical view

Copper -- Buy Above 427.30 SL 420 on closing basis targets 434-435....

Copper  Technical View

Above 435 complete trend change, it can do 450-455...

Nifty Nearing crucial level - 5760 make or break level for this upmove

Nifty is nearing 61.8% retracement level 5760. This level will decide make or break for markets in coming days. 

Tomorrow being RBI credit policy day, expect this level for trend continuation or reversal. If this level is held we will head up again. Break below this will be game sign of trend change.

Personally I see this level 5760 holding lets see how it goes :)

Stop Loss for Longs should be 5760 on closing basis and 5745 on intraday basis.

Nifty Daily Chart

 

HCL Tech - Triangle targets achieved

Buy Recommended  above 806-810 levels for targets 860-880 on July 08, 2013

Link: https://www.facebook.com/photo.php?fbid=10152439773946002&set=gm.569084626465978&type=1&theater

HCL Tech touched 917 in Just 20 days giving a return of  12.3% which was beyond our expectation of 10% return for target 880.... 

Simple and Effective Technical Analysis pay you  big :)

Nifty -- 5870-5887 is a short term support zone

Nifty 5870-5887 is a support zone which if held there will be a short term uptrend.

Yes Bank -- Say Yes to Yes Bank at 345-380 Band

Yes Bank -- Watch out for major bottom near 345-380 Zone. Accumulate in this zone for 440-450-480 and can do 500 over long term  targets sl 335 

Indus Ind Bank -- Long Term Trend line support in the offing

Indus Ind Bank -- Long term support at 410- 420 which also coincide with 50 Week EMA.

Buy With SL 400 on closing basis, Targets 500-530 over medium term.

India Bulls Real Estate -- The Best Pick Of The Real Estate Pack

IBReal Estate -- Weekly close above 82-83 will be strong breakout on weekly chart. 

Stock can do 115-120 in medium to long term. Current Market Price Rs.71.15 SL 68 on closing basis.

 

Axis Bank -- Nearing Long Term Support

Axis Bank -- Blue and Green long term  trend lines suggests stock is nearing bottom between 1080-1120..

Accumulate stock at current price and add on dips to 1090 if comes Stop Loss 1060 targets 1250-1280-1300 in near term. 

    

Axis Bank