Orient Bank Update

Orient Bank you can see have hit our 1st and 2nd targets

Now it will now be able to even meet 3rd targets.

You need to book profits when it moves towards 260.

260 has some support and it may hold for some time.

If it breaks 260, then there can be further selling that may happen.

Sell Bank of Baroda @ 195-198

Sell Bank Of Baroda @ 195-198
SL - 205
Target - 190, 180, 170
Duration - 3 days

Market View - 2nd Feb 2015

Hi Friends,
I hope people who have followed my Blog have made a killing income
on Friday,

When everyone is talking about Buy, market will move beyond 9000, you
can see I had clearly said look for shorting opportunities.

Now it has clearly given reversal sign on Nifty as well. If you remember, i had
clearly mentioned Bank Nifty has already given the reversal sign. It fell down
by massive 3% on Friday. And the Orient Bank that i had recommended fell
by 6%

Now you will see correction to deepen. The market is now in the mode of
"Sell on Rally/Rise".

Nifty Resistance for Monday will come @ 8850-8870
Immediate Support for Nifty will come @ 8780

And market can now move towards 8630-8650 in this week.

Orient Bank Update

The Orient Bank has not given the prices which I had stated,
but it is still a Sell.

You can sell @ 280-282
SL 285
Target remains the same

Market Update - 30th Jan 2015

You can see that as I had stated earlier, we have started seeing Selling pressure
at the higher levels. Now the immediate support is 8930. After this the next
level you can see is 8830-8850.

8800 will be a place where you could see some bounce. But as I can see the data,
atleast for next few days, we will see "Sell on Rallies".

As per as I see, market can re-test 8600-8630 in the coming days.

Sell Orient Bank @ 290-295

Sell Orient Bank @ 290-295
SL - 300
Target - 280, 270, 260, 250
Duration - 1 week

Market View - 30th Jan 2015

I have been telling to Buy at all dips and also had recommended to Buy 8900 Call Options.
They have closed positively @ 56

Now we can see some early cracks in the market. Bank Nifty has clearly shown that it is
highly overbought and finding resistance at higher levels. PSU banks have a lot of short
positions built up.

USA market has been failing to move up and looking that its immediate support of
1980 will get broken on S&P, which is a negative factor.

And Crude Oil is also showing that it will break $44 and make new low. This is again
negative for the market.

For Nifty 8950 will be channel resistance and if market fails to move beyond this or
falls from this level, we can see correction in the market.

So for all traders, we are recommending to book profits. You can go short when 8900
is broken from the top. The support will come near 8600-8630 levels.

For Bank Nifty, you can go short @ 20,500, with stop loss above 21000.
Immediate support comes @ 20,000. If it is broken, then the next support will come
at 19,500.

Market Outlook - 28th Jan 2015

As I have been stating, Buying on every dip is the only way to go.
The momentum in the market is very strong and there is no signs
of any correction.

The immediate support is at 8780. If you want to keep smaller stop loss,
it would come at 8750.

Now that the market has now got into short covering mode. As long as
8900 can be held, the short covering will intensify and take the market
towards 8950-9000 levels.

9000 is a psychological resistance level. If market can break it and sustain,
market can even move towards 9150-9200 levels.

For Jan series 9000 calls have highest open interest, so the call writers may
try their level best to get expiry below 9000 levels.

If market can sustain above 9000 and close above it, then for this series
itself, we can see short covering rally towards 9150-9200.

Nifty Update - 27th Jan 2015

My call on buying is still good. The calls came around 19.3 and then starting
moving up.

The option data shows that 8900 and 9000 calls are getting sold heavily, suggesting
that Bears are pushing prices down and not allowing it to go beyond these levels.

At the same time, Bulls are continuously writing 8800 puts which suggests that
they wont allow Nifty to go below 8800.

Now since expiry is nearby, the make or break level is 8900. If Nifty manages to
close above 8900 and sustain, then there is a heavy short covering rally. Otherwise
till expiry, we could see small correction or market may become sideways.

If you have calls, continue to hold. You can look at booking profits around 8900-8920
range. If it sustains and move above, then we can see a big movement.

Since there is too many long positions with FIIs, there may not be any sizeable correction
till expiry. 

Market View - 27th Jan 2015

After the Greece election result being declared, the entire world market
has absorbed the news and still able to move up. This clearly shows that
market has already discounted this information. And the main reason the
market was nervous was because there was feeling that Greece will move
out of Euro zone which has now been nullified.

Obama's visit and the statements are looking extremely positive for India.
As per the statement, we are just doing 1% exports to USA. Which means
there is HUGE scope for growth.

If you read between the lines, there is a lot of funds which are going to
come to India which has not happened anytime till now.

Technically 8900 is a very important level. Now if Nifty closes above
8900 for 2 days, then there would be huge rally which can take the market
towards 9200-9300. We can also see the levels of 9500 also very soon if
the market holds this momentum.

For this month, we could definitely see one short covering rally of around
100-150 points in the next 3 trading sessions. You can Buy 8900 call options
and have Rs.20/- as stop loss till expiry. This can move towards 150-200
by this expiry.

The immediate support (stop loss) will be @ 8780. 

Market update

Now if market does not break 8800 till 9:30 am, then do not
book profits. Hold all longs till EOD

Market will move towards 8900-8950

Market Outlook - 23rd Jan 2015

ECB move is better than expected.

Market will now open around our target of 8830-8850

For the initial 1st hour, profit booking will come and market
may give small dip of 8750-8780

You can Buy again and put stop loss below 8720 and go
long. Market can move towards 8900-8950

By the EOD, i would recommend to cover all long positions
and keep your cash intact.

Sunday, there is Greece elections and Monday, Tuesday, we
have FOMC meet. If there is no negative news and market
sustains, we can see market moving still further up.

Market Outlook - 22nd Jan 2015

All our targets have now got achieved. Market is still looking
strong and we are not seeing any negative factors till now.

There can be channel resistance @ 8800-8850

If market can sustain above this, market can even test 8900-8950

We are not suggesting any fresh buying at these levels. It is best
to book profits or trail stop loss.

Traders who have existing positions can hols 8700 as stop loss
and continue to hold their long positions

HUL Update

You can see that HUL has achieved all the targets

and even moved way beyond that.

Now it may even try to move towards 1000 in 

medium term.

For medium term investors, 900 will be stop loss

Buy Hind Unilever (HUL) @ 880-885

After the results, HUL had shown correction and with todays move,
we can see that it seems to have got over.

Buy HUL @ 880-885
SL 875 (closing basis)
Target 895, 905, 920
Duration: 1 week

Reliance Update

You can that all our targets on Reliance has been achieved.

With the current momentum, it may still move further up
towards 910-920.

Keep SL below 900 and hold your positions

Market Outlook - 21st Jan 2015

As I have been continuously  recommending to Buy on all dips, you
can see that we have surpassed the All time high and now making
new High.

Next immediate target for Nifty will be 8750 - 8800

Nifty is right now on steroids, just keep riding momentum by trailing
stop loss.

Immediate Support for Nifty will be 8615 to 8630

At higher levels - 8850 - 8900, we can face psychological resistance.
We need to closely watch these levels and reduce positions as we
go higher.

As long as momentum continues and there is no negative news, market
can keep making new highs.

22nd Jan, we have ECB Meet
25th Jan, we have elections in Greece
27th and 28th Jan, we have FOMC meet

If there is anything negative happening at these meet, there can be
some profit booking or even shorts, so book your profits and wait
for next trigger.

Buy TCS @ 2500-2520

Buy TCS @ 2500-2520
SL 2480
Target - 2550, 2600
Duration - 1 week

The consolidation and correction looks to be over. IT sector now looks to over
and now it may start moving up.

If you want to look for longer duration, it can move towards 3000

Buy Reliance @ 865-870

Buy Reliance Industries @ 865-870
SL 850
Target - 880, 895
Duration - 3 Days

Market View for 19th Jan 2015

As I have been continuously suggesting, you need to keep looking for
opportunity to Buy on all dips.

FIIs have been buying at all lower levels. The immediate support for
Nifty will be @ 8450 and immediate resistance is 8600-8630.

With the market momentum, it might easily break the resistance and
move towards 8750-8800.

Bank Nifty immediate Support is @ 19200 and immediate resistance
is @ 19400. It might face some resistance aroung 19500-19700, but
it might also keep moving up.

Without global market support, Indian markets are on steriods.
Market is nervous and not ready to believe the upmove. After 8600,
general public might start participating more and that would be end
of the rally.

Market View 16th Jan 2015

As I have been telling from last few days, market is highly bullish mode
and the market is now ready to make new highs.

Tomorrow market can test its all time high of 8626 and maybe also make
new high. If market sustains and start moving higher, the immediate
target for Nifty is 8800 and for Bank Nifty is 19950.

Market is right now, buy on dips as long as 8380 is not breached.

ICICI Bank Update - 5% Up

As mentioned in yesterdays pick to buy ICICI Bank.

You can see, it has bounced more than 5% in just one day

Enjoy the benefit

Bang!! On Target - Nifty towards All time High

As I have been continuously telling that it is Buy on dips market only.

Today if you see my post, you would realize that you should have bought,
but have lost the important opportunity.

Now market will start moving towards its all time high of 8600-8630 levels.

Hold the positions tightly for the next 2-3 days

Infy Update

You can see that inspite of market being volatile and correcting, Infy
has been moving up.

It will continue to move up and test it previous highs and can also
make new highs, continue to hold.

Market View 15th Jan 2015

The global markets have been making the market nervous. You can see that
there are sharp corrections and immediately buying is coming, it clearly
shows that buying is still there in the market, but volatility has increased
a lot.

S&P and Dow Jones are at important support levels and i don't think it would
get breached so easily. The volatility index has been at its peak showing that
market is highly nervous and usually big rally happens during such time.

Crude Oil has been trying to settle down and looks like atleast a temporary
bottom is made here. Even after the negative news about higher supply in USA
market, crude has been trading positive, which clearly shows that we can
expect a good bounce back in crude.

If market opens negative, let it settle down and when it starts moving up
buy Nifty and Bank Nifty.

Immediate support for Nifty is around 8180-8200
and Bank Nifty is around 18300-18400

Do not short until it breaks 8180. 

Buy ICICI Bank @ 330-335

ICICI Bank has been correcting and taking support around 330.

On correction, Buy ICICI Bank around 330-335.
SL 328
Target 345, 350, 360
Duration - 1 week

Market View 14th Jan 2015

As discussed yesterday, volatility has increased but market is still
Buy on dips.

If see market fell at last hour and again recovered most of the loss.

The nervousness is mainly due to fall in crude prices. At $44, it seems to have
temporary bottom formed and has started showing some bounce. If it opens
above $45 and starts maintaining above it, there could be some good bounce.

Europe and USA markets have given good move, so market would open
positive. Market might remain stable only if it is able to start trading above
8400. So be ready for volatile sessions but the trend would remain positive.

Buy Infy @ 2090-2100

On the result day, Infy has given breakout.

Now Infy can test its previous high and also move beyond it.

CNX IT has also given breakout and hence buying may be supported
in all IT stocks.

Buy Infy @ 2090-2100
SL - 2070
Target - 2150, 2180, 2230, 2280

Time duration : 1 week

Market View For 13th Jan 2015

Hi Friends,
I have restarted updating and from today you will get all latest updates.

Market is looking extremely bullish. Ignore all other analysts who are scaring you.

Options data is extremely strong from the starting of this month. Only last week when
market had free fall, data had some issue. But from the very next day, data is strong.

FII and DII have been writing Puts and Buying Calls, which means that there is a much
bigger rally expected.

Now once market moves above 8330, it will fill the gap made last week and the
negativity created will get negated.

8400 call has highest open interest, so after market closes above 8400, market will
move non-stop till 8600-8630 (previous high).

There is high possibility of market touching all time high or even make new high
this month.

So when you get any intraday correction, take opportunity to buy and hold tightly,
we are seeing 200-300 points movement in this week.