NS TESTED 100DMA 8214 AND STARTED TO FALL ,

NOW TAKING SUPPORT AT 50 DMA 8086,

IF HOLD WILL GET RECOVERY IF NOT DOWN TREND STARTS....

HOLD SHORTS WITH SL OF 8180

YES WE ARE BACK WITH NEW SERIES AND WITH GOAL.......

Corrective trend got complex, not resolving in the last two trading days.

Day trend is down  while the Hour technicals suggest of reversal from overbaught.

as long as prices stay between “7949 & 7755″ trend is biased natural.

Support and Resistance for today.

Weekly trend asserted; now for the Day & Hour to attempt a reversal again….

Trend is down!!!!

Next what?????

Holding of yesterday's close Nifty would attempt 7685-7737.
Below 7647 we can see 7586-7518

Remember We are on buy side...

BUY LUPIN ARROUND 1775-85 AND UP TO 1650 WITH TGT OF 2100+ HOLDING PERIOD IS 2 MONTH

BUY PNB AT 165-169 AND UP TO 160 WITH TGT OF 200+,HOLDING PERIOD IS 2 MONTH

Nifty Premarket View 11.08.2015

Yesterday we have booked Ashok Leyland at 89. Baught at 80....

Hold Adani Port, Lic housing and SUBROS For target.

Nifty Premarket View 05.08.2015

Nifty Premarket View

Watch Out Lic Housing and Welspun corp
Both looks positive.

Lic Housing may touch 540+_in near term @ 1 Month and Welspun corp Can be buy with a TGT of 164+

ASHOK LAYLEND ALREADY GIVEN 6.96% RETURN IN A WEEK AND ADANI PORT GIVEN 3.5% RETURN.

Yes, Another stock looks good above 95 and possible target is 120+++ in 3 Months

Strength only above 8390

Weakness till below 8372

Nifty spot likely to test 8296-8265

Seems like nifty upper limit locked at 8400 for this series

Nifty Currently hovering around 8372

Expect some profit booking up to 8397-8454

Strength CONTINUES above 8372

Weakness RETURNS below 8362

Former president and Bharat Ratna APJ Abdul Kalam died on Monday after collapsing during a lecture in Shillong.

Yes, As I told you on Friday that Party is not over.....

      

                    Be Ready for GAP DOWN

Again Nifty is in side way mode of trading.
Likely to test 8494 Spot and Below 8481 Down movement starts.

If nifty not sustain below 8481 then mild bounce expected...

Be in Bear till Nifty Spot below 8543-8563.

Watch out tomorrow SBI and ICICI both looks weak.

SBI WEAK BELOW 263 AND ICICI BELOW 300

Yes, We are bullish on Ashik Leyland

Can Touch 95+++ CAN BUY ARROUND 78-79

Holding period 2 months....

ADANI PORT HAS POTENTIAL TO GO UP TO....

         WE CAN SEE 380+ IN SHORT TERM
    Holding period minimum 2-3 months.......

Prices fell to the “Rising wedge’s support Line”, keeping the validity to next week..

Support & Resistances for Trading

Its very basic but very important for trading........

Stock market is all about demand and supply for a stock which is reflected in the share price of that company as Supports and resistances.

These are important levels at which point supply and demand exist predominantly. In the real market place, prices are moved by excessive supply (at resistances) and demand (at supports). Support & resistances form integral part of price trend following.

In the good old times, traders remember two most simple points from where good amount of buying(support) emerged as well as sellers (resistance) appeared. They have kept only these two points of a particular time frame(short term- for intraday and medium term for positional) and carry out their trades. The moment a support or resistance points are exceeded significantly, they adjust themselves to the new development and change their resistances to supports in the case of a Break-out and vice versa.