Buy Apollo Tyres @ 165-167
SL 163
Target 171, 175, 180
Duration - 3 days
SL 163
Target 171, 175, 180
Duration - 3 days
Tuesday 31 March 2015
Market View - 1st April 2015
Market may remain in range from 8400-8600. Volatility may exist
as market may try to consolidate and form base.
Though market seems to have completed the correction.
It is better to stay long in selected stocks.
as market may try to consolidate and form base.
Though market seems to have completed the correction.
It is better to stay long in selected stocks.
Monday 30 March 2015
Market View - 31st March 2015
Market has been able to take support and comfortably moved
towards 8500. With the global market supporting, market can
now move towards 8600 where it has major resistance.
It is better to book profits around the level and wait for market
to comfortably stabilize at these levels. If we get any correction,
that would be a good opportunity for Buying.
towards 8500. With the global market supporting, market can
now move towards 8600 where it has major resistance.
It is better to book profits around the level and wait for market
to comfortably stabilize at these levels. If we get any correction,
that would be a good opportunity for Buying.
Yes Bank Update
Yes Bank has moved above 1st target and nearby
2nd target.
If the price holds, it can reach further highs
2nd target.
If the price holds, it can reach further highs
Sunday 29 March 2015
Nifty Update - 30th March - 12pm
Market looks to have formed the bottom and has now moved above 8400
and trying to hold. We can see rally towards 8500-8600.
8400 put has highest open interest and 8600 call has highest open interest.
Now as per this data, market seems to have formed bottom and we should
see market moving up from here.
Even if market correct, that would be opportunity to buy.
and trying to hold. We can see rally towards 8500-8600.
8400 put has highest open interest and 8600 call has highest open interest.
Now as per this data, market seems to have formed bottom and we should
see market moving up from here.
Even if market correct, that would be opportunity to buy.
Saturday 28 March 2015
Acc Update - 2% down
ACC achieved 1st target and also went nearby
to 2nd target.
Now it may take support. Since market has reversed,
it is better to get out of all short positions
to 2nd target.
Now it may take support. Since market has reversed,
it is better to get out of all short positions
Market View - 30th March 2015
Market has made a sizable correction and now might enter
consolidation. Short traders need to start taking profit at any
decline and be ready for the base formation.
Market downside is now limited. Maximum market could
go towards 8200.
Bank Nifty has shown early reversal sign and now we may
look at opportunity to buy on every dip.
April series would be Buy on Dips series and you may see
market recovering the entire correction and may make new
Highs too.
Keep all your cash ready to buy good quality stocks on dips.
consolidation. Short traders need to start taking profit at any
decline and be ready for the base formation.
Market downside is now limited. Maximum market could
go towards 8200.
Bank Nifty has shown early reversal sign and now we may
look at opportunity to buy on every dip.
April series would be Buy on Dips series and you may see
market recovering the entire correction and may make new
Highs too.
Keep all your cash ready to buy good quality stocks on dips.
Thursday 26 March 2015
Market View - 27th March 2015
Most of my targets have achieved and market is still on the downside.
Now the immediate support would come around 8200.
Looking at the April Option data, hopefully this support should hold.
All long term and medium term investors need to start investing as the
downside looks limited from here.
Now the immediate support would come around 8200.
Looking at the April Option data, hopefully this support should hold.
All long term and medium term investors need to start investing as the
downside looks limited from here.
Monday 23 March 2015
Market View - 24th March 2015
Market has broken 8600 and has been trading below that. There
are low of unwinding of puts made at this levels showing that
market may be headed towards lower levels.
We might see market moving towards 8500-8400 levels in the
coming days.
You could hold taking any long positions until base building
happens. We may see further downside in the coming days.
are low of unwinding of puts made at this levels showing that
market may be headed towards lower levels.
We might see market moving towards 8500-8400 levels in the
coming days.
You could hold taking any long positions until base building
happens. We may see further downside in the coming days.
Monday 16 March 2015
Market View - 17th March 2015
Market looks to take support @ 8600.
US Markets and Europe markets have started rallying and this may open up
higher levels.
Market is eagerly waiting for FED comments. This Wednesday, we could see
whether they give any signal about rate hike.
US Markets and Europe markets have started rallying and this may open up
higher levels.
Market is eagerly waiting for FED comments. This Wednesday, we could see
whether they give any signal about rate hike.
Sunday 15 March 2015
Petronet Update
Petronet has tested our 1st and 2nd target and has
broken important support of 174, now we could
see further selling in the coming days
broken important support of 174, now we could
see further selling in the coming days
Market View - 16th March 2015
Market has broken the support of 8700 and now market can test 8500
The downside in the market is around 200 -250 maximum.
All short term traders can hold shorts but medium term and long term
traders should use the correction to buy good quality stocks and hold.
Though there is temporary correction, we should see bottom formation
soon and we can see the buying interest coming back.
The downside in the market is around 200 -250 maximum.
All short term traders can hold shorts but medium term and long term
traders should use the correction to buy good quality stocks and hold.
Though there is temporary correction, we should see bottom formation
soon and we can see the buying interest coming back.
Thursday 12 March 2015
Market View - 13th March
As mentioned in my earlier post, 8700 has taken support and now
as long as it moves above 8750 market will move towards 8850.
Now if market sustains 8850, then we could see further recovery.
Insurance Bill has been passed in Rajya Sabha.
USA market has started taking support and started its movement
upwards.
News are supportive and now as long as there is no more negative
news, we should see the buying coming back.
as long as it moves above 8750 market will move towards 8850.
Now if market sustains 8850, then we could see further recovery.
Insurance Bill has been passed in Rajya Sabha.
USA market has started taking support and started its movement
upwards.
News are supportive and now as long as there is no more negative
news, we should see the buying coming back.
Wednesday 11 March 2015
Sell Petronet @ 178-180
Sell Petronet LNG @ 178-180
SL 182
Target - 176, 174, 170, 165
Duration - 1 to 3 days
SL 182
Target - 176, 174, 170, 165
Duration - 1 to 3 days
HUL Update - 11th March 2015
HUL has almost nearby to the 1st target and will likely
reach it tomorrow and move forward towards the second
target also in the coming days.
reach it tomorrow and move forward towards the second
target also in the coming days.
Market View - 12th March 2015
Market seems to try its best to hold 8700, but facing a lot of volatility.
The downside risk her is not much. When market correct now, it would
provide opportunity to Buy.
The market might face challenge in holding the level and face some more
selling pressure.
It is better to be with stock specific opportunities.
The downside risk her is not much. When market correct now, it would
provide opportunity to Buy.
The market might face challenge in holding the level and face some more
selling pressure.
It is better to be with stock specific opportunities.
Tuesday 10 March 2015
Market Update - 11th March 2015 - 9 am
Market has strong support @ 8700. Yesterday it got broken on intraday
but closed above it. Now we need to wait and watch.
8700 on Nifty and 19000 on Bank Nifty needs to hold for the market
to recover. If it fails, it opens up levels of 8500 on Nifty and 18500 on
Bank Nifty.
After big sell off in USA market yesterday, asian markets are not very
nervous and opening of Nifty is looking positive.
Wait for confirmation. Do not take any position in hurry.
but closed above it. Now we need to wait and watch.
8700 on Nifty and 19000 on Bank Nifty needs to hold for the market
to recover. If it fails, it opens up levels of 8500 on Nifty and 18500 on
Bank Nifty.
After big sell off in USA market yesterday, asian markets are not very
nervous and opening of Nifty is looking positive.
Wait for confirmation. Do not take any position in hurry.
Monday 9 March 2015
Buy Hind Unilever @ 960-965
Buy Hind Unilever @ 960-965
SL 945
Target - 980, 1000
Duration - 3-5 days
SL 945
Target - 980, 1000
Duration - 3-5 days
Sunday 8 March 2015
HDFC Update
Since the market opened low and continued weakness, you can
see that my stop loss level was reached in the beginning of the
day.
So avoid it for the time being.
see that my stop loss level was reached in the beginning of the
day.
So avoid it for the time being.
Market Update - 9th March - 11am
From the start of the day, market is acting weak and it has taken support
at 8800, but it looks like today it may not hold. We may see market
moving towards 8750-8700.
Now it needs to sustain this level, else we can see levels of 8500 in the
coming days.
at 8800, but it looks like today it may not hold. We may see market
moving towards 8750-8700.
Now it needs to sustain this level, else we can see levels of 8500 in the
coming days.
Saturday 7 March 2015
Buy HDFC @ 1380-1385
Tomorrow, if you get HDFC @ 1380-1385, you can Buy.
Buy HDFC @ 1380-1385
SL - 1370 (closing basis)
Target 1405, 1420, 1430
Duration - 3 to 5 days
If you hold this for 1-3 months, you could get target of
1450-1500.
Buy HDFC @ 1380-1385
SL - 1370 (closing basis)
Target 1405, 1420, 1430
Duration - 3 to 5 days
If you hold this for 1-3 months, you could get target of
1450-1500.
Market View - 9th March 2015
You could see that market made low of 8849.35, which
is the level i had suggested for stop loss (8850).
Now since we are at the support, it is ideal to look for
opportunity to Buy.
Market would remain sideway for some time. The lower
band would be around 8800-8850 and the higher band
would be around 9100-9150
Though medium term and long term trend is positive, the
short term trend is sideways. So trade with strict stop loss.
If we fall, the max. level could be around 8750, which
would be very strong support. So weakness need to be taken
as buying opportunity.
is the level i had suggested for stop loss (8850).
Now since we are at the support, it is ideal to look for
opportunity to Buy.
Market would remain sideway for some time. The lower
band would be around 8800-8850 and the higher band
would be around 9100-9150
Though medium term and long term trend is positive, the
short term trend is sideways. So trade with strict stop loss.
If we fall, the max. level could be around 8750, which
would be very strong support. So weakness need to be taken
as buying opportunity.
Wednesday 4 March 2015
Market Outlook - 5th March 2015
Market made lifetime high of 9120 and then corrected significantly.
This shows that 9120 is a strong resistance. Now in the coming week,
we will see 9120-9150 being tested again. This would be an opportunity
to book profits and going short as this would create reversal of trend.
Put writers have not covered their positions while call writers have done.
So it gives scope for market testing 9120-9150 again in the coming days.
We are right now in sideway trend. 8700-8800 would act as strong support.
9100-9200 will act as strong resistance.
The SL for this would be 8850 (closing basis).
This shows that 9120 is a strong resistance. Now in the coming week,
we will see 9120-9150 being tested again. This would be an opportunity
to book profits and going short as this would create reversal of trend.
Put writers have not covered their positions while call writers have done.
So it gives scope for market testing 9120-9150 again in the coming days.
We are right now in sideway trend. 8700-8800 would act as strong support.
9100-9200 will act as strong resistance.
The SL for this would be 8850 (closing basis).
Tuesday 3 March 2015
Market Update - 4th March 2015 - 10 am
As I had mentioned that there are no reversal signs, market has surprised
with Repo Rate cut, which increases the scope of higher levels for the rally.
With Market crossing 9000, it opens up the possibility of 9200-9300 in the
coming days.
For this rally to last 9000 levels have to hold. Market reamains buy on dips.
You could buy Nifty now with stop loss below 9000, for immediate target
of 9100-9150 within today or tomorrow.
with Repo Rate cut, which increases the scope of higher levels for the rally.
With Market crossing 9000, it opens up the possibility of 9200-9300 in the
coming days.
For this rally to last 9000 levels have to hold. Market reamains buy on dips.
You could buy Nifty now with stop loss below 9000, for immediate target
of 9100-9150 within today or tomorrow.
Sunday 1 March 2015
Market Update - 2nd March - 10:30 am
The Budget has been 50:50. Not very good or very bad.
Market has been trying to move higher but has strong resistance
at 9000 level.
We need to see if we could sustain this levels.
Call writers are active @ 9000 and Put writers are active @ 8500.
So I would not suggest any fresh long positions. For people who
have longs should look for booking profit or hold with strict stop loss.
VIX has come down drastically which shows market is becoming
very complacent that market will make new highs. This is not good
as market may get topped up and we could see correction.
I would say be cautiously optimistic. Though we do not have reversal
signs, market might see correction soon, so do not buy anything now.
Market has been trying to move higher but has strong resistance
at 9000 level.
We need to see if we could sustain this levels.
Call writers are active @ 9000 and Put writers are active @ 8500.
So I would not suggest any fresh long positions. For people who
have longs should look for booking profit or hold with strict stop loss.
VIX has come down drastically which shows market is becoming
very complacent that market will make new highs. This is not good
as market may get topped up and we could see correction.
I would say be cautiously optimistic. Though we do not have reversal
signs, market might see correction soon, so do not buy anything now.
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