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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.