JPASSOCIAT: Looking rally is over....Be cautious...

Dear friends, keep a close eye on JPASSOCIAT, it seems the rally is over. RSI has formed a negative divergence, so it will be good to book profit if any one has long position @ cmp 94, for fresh short, yet to be wait for a while, until the red line goes above the RSI line. So keep a close eye to take a fresh short.

TITAN: Reversal will happen very soon

Hi friends, TITAN  is not looking good now, I think the rally is over, and one should book profit of his long @ cmp 275, with a stop loss of 283, the lower side those we may seen are 264, 255, 248, 242 in near term. So friends be cautious of TITAN and please don't be greedy if it crosses the current high 277.9 it may going to be a false breakout.

NIFTY: Got support from 20DSMA slope, short term trend UP

Hi friends, on my yesterdays post I wrote one should short Nifty @ 5660 (spot) with 20-25stop loss, as it was then trading below its 20 DSMA, and BB also showing a probability. But it stopped out and at the end of the day price closed above its 20 DSMA, earlier, when it has broken the level it means  it has absorbed 20 days Demand, but just below the slope of 20 SMA it took support and reversed back which means we are executed by the high skilled professional, and very frankly, almost none of us acted reverse, I mean when it was stopped out we did not act reverse (we did not buy) now a days it is noticed that high skilled professionals are taking their entry zone which is our stop price!! So friends lets chase them and always try to take entry nearer the stop level and always act on reverse side too. By the way here I am trying to give my Nifty view, it will you who will decide what to act and how to act, Nifty will now go to 5758,and above that it my retest its recent high. As per my view Nifty Short Term Trend is UP.

NIFTY: Again under fresh selling presure.

Hi friends, Nifty looking under new selling pressure, I think it is a very good opportunity to short nifty @ cmp 5660 (spot price) with a stop loss of 20-25 points, it has currently 2 DZ, first one around 5536 - 5582 and second one 5420 - 5450. Have a happy short.

RANBAXY on a high road to gear up

Hi friends, RANBAXY @ 547 is looking attractive, this time 571-587 SZ can not stop it, at least I hope so, new SZ that I found 597-611. I would like to buy @ cmp 547, with a stop loss 530 for the target 597 and 611...... it seem very good one.