MCX COPPER: Hurdle is ahead, bears can be greedy now

 Hi friends, this time I come out with MCX COPPER Aug, it has paced a weekly supply zone @ 445-456, cmp447, and on intraday chart price action has made a negative divergence with RSI, therefore I am little bit optimistic about its supply, hope it will work fine, so with a stop loss just above 456 one can go short for one month time frame. Happy trading.

BANK OF INDIA: Going to be handful, bull can take a look with greed.

Hi friends, this time I come out with BANKINDIA, on its weekly chart it has a demand zone around 208-232, and currently trading (CMP) 215.75, besides that on daily price chart, price is forming a positive divergence with RSI, a stop loss below 208 is now looking well enough for those who love one month long trading. 

Wish you a happy trading.

YESBANK: Time for the bulls to be greedy

Hi friends, after huge fall two consecutive days finally YESBANK  come down much desire demand zone of 416-429, CMP 429, one can go long with a stop loss of 412 for the target of 473 and 485

BHARTIARTL: The new prey for the bears........

Hi friends, it is now turn of BHARTIARTL, it is trading now at its daily supply zone 320-328, cmp 322, 330 will be a good stop loss, yeah I am now bearish on it and my mouth is become watery, for the prey.

JPASSOCIAT: Low risk High reward, good long opportunity

Hi friends, Nifty is now trading now its weekly demand zone 5477-5610, CMP 5572, only the Dollar index not supporting to buy NIFTY at current level, until Nifty cross 5610 market bias will remaining negative. By the way today I have come out with JPASSOCIAT, only for its low risk and high reward, CMP 50.8, SL 49.5, TGT 60.2 62.7 but one need to trade with strict stop loss for current market scenario.

M&M trading at it's supply zone be cautious of it's long.

Hi friends, again after a long long time updating my blog, hope you all enjoyed Nifty short, now this is the turn of M&M, it now trading at it's supply level 976- 984.5, CMP 976, SL 990. go short with strict stop loss.

HDFCBANK : Bulls can act now again

HDFCBANK has a good demand zone around 669-679 on its daily chart, CMP 687, everything is looking good for it. One can go long with a stop loss of just below 669 for the target above 727, another hope for the bulls.

SBIN: Some hope for bulls, keep en eagle eye

Dear friends, last week I wrote that now it is the time to be greedy for the bears, and I think bears are really become greedy, though market is trading in negative sentiment yet in a few stocks we can take a long position for short term, but remember once you are running 3-5% profit you need to book profit in current market scenario.

Well SBIN is one of them, we can now go long SBI for one month term, though one month term is not short term, well why SBI? Because it has placed a good Demand Zone on its weekly chart @ 1976-2057, on daily chart it has placed demand

zone 1976-2028, and currently trading @ 2035 with a positive divergence on RSI on it's hourly chart, I am not quiet sure if price will turn around right from here or not, but once price crossed 2041 it may take some strength, my point of view on SBI is that bears are now nervous to sell it short, and bulls may act now.

NIFTY is preparing for a fall, bears should be greedy

Dear friends, now all the cheers for the bulls is seem over. CMP 6045, I am not going to discuss why, but Nifty may down 5791-5844, then 5669-5732 range in short term, and as per weekly chart Nifty is heading towards 5477-5610 level, hey please don't be panic now. It will be wise decision to keep a blank portfolio right now except some outstanding performer Pharmacy stocks.  6140 is looking good stop loss now. Unless and until Nifty cross the hurdle go short Nifty's 6100 CE, a good time value could be earn by thus. Well three more thing making me greedy for short Nifty, 1. USDINR and 2.India Vix, 3. let it to be undisclosed :)

BANK OF BARODA: Is now going to be handful

Hi friends, after a long gap again updating my view, this time I have come out with BANK OF BARODA, on last Friday (17/05/2013) it was closed on 740.45, now nearly at a very small supply zone, and once it will breach 746, it will rush for 863-876, but before that it may take a pause near around 788-804, above 746 it is good for long with a stop loss of 725. But personally I would like to share another view, there are another entry rather than break out entry, 728-736 is another good entry zone with a stop loss 721, confusing with different stop loss??  Well let me explain two entry.

1. Break out entry: On Monday, if it will start trading above 746, then buy there and keep the stop loss of 726, as it will then already on the break out movement.
2. Other entry: On Monday, if it is unable to cross 746 then wait for 728-736 zone, in that case keep your stop loss 721, so Monday first hour is going to be crucial for entry, track it and grab it.   

BAJAJ-AUTO: Wait and grab it, good opportunity for long.

Hi friends, last week i did not do well, three out of four stopped out and took our 1% each only OFSS has given the return of 6.5%, though accuracy was worst but account hasn't run into negative. Only relief for me. 

By the way, this week I have come out with BAJAJ-AUTO, it has a demand zone @ 1747-1795 as per daily chart, CMP 1807.5, but stop loss is too big, as per hourly chart there is an attractive demand zone of 1747-1770, therefore a stop loss of 1745 is an affordable risk, only Rs 25.00. Yes I mean to wait for take a long entry @ 1770 with a strict stop loss of 1745, for 5-7 days and for the target of 1884, 1936, 1968. Have a happy trading.

DRREDDY: Short term risky shorting opportunity.

DRREDDY: On hourly chart it has formed a negative divergence, there is a shorting opportunity for short term, but it is going to be an impulsive trading, very very risky, but an intraday or a STBT trader can act. Short on little rise around 1993-1998, with a stop loss of 2014for the target of 1953, 1936, 1917. Please avoid this trading if you are unable to track your trade until exit, like a whole timer.

OFSS: One should be greedy for long.

OFSS: Oracle Financial Services Software Ltd is also looking attractive now. Price pattern and RSI have made a positive divergence, and consecutively two green candle has made it more interesting. Besides it is now trading at it's weekly demand zone, though price has enter a few week ego into the zone, and finally, on weekly chart RSI is showing a little bit symptom that, bears are no more willing too sell short OFSS!!! As per weekly chart stop loss is little bigger 2455 and as per daily chart 2475. CMP 2524.

HCLTECH:Bull can keep an eye

 Hi friends, this week and may be for next week are going to be the week for IT sector, again come out with another IT stock HCLTECH, it has a good demand zone on 711.55-729, CMP 732.15, I think 721.5-732 is a good zone for take a long entry for 5 to 10 days, with a stop loss of just below 711, for target 757, 770, 790.

TCS: Good opportnity for short term trading

Hi friends, after a long time got some time to update my blog. TCS is in daily demand zone of 1401-1430, CMP 1430.55. On hourly chart it is seemed bearish traders are becoming nervous in some indicators. 1415-1437 is a good zone for taking a long entry (for 5-10 trading days) with a stop loss just below 1401, where upside potential is 1520, 1550.

MCX GOLD 5June 2013 is in attractive zone for long.

MCX GOLD 5th JUNE 2013 in trading at its demand zone of 27992-28204, CMP 28249. A stop loss of 27950 is well enough at present while upside is showing 29430 as target. Risk : Reward is too attractive, risk averse traders can long GOLDM, but stop loss and target should according to GOLD 5th June 2013 contact.

TATAMOTOR on short term reversal

Hi friends, look at TATAMOTOR, I am interested  with a small stop loss of today's(04/04/2013) low 255.7, CMP 260.8. There is a good reversal combination for short term (hardly 2-3 days) on daily and hourly chart. Where it is trading at it's daily demand zone and on hourly chart RSI has formed positive divergence with three swing high on RSI reading!!!! Very rare short term reversal pattern. Have a happy trading.

NIFTY view for the week1st April-5th April 2013

HINDALCO: On a reversal pattern, good opportunity to long

Hi friends, this week I am bullish in a few stocks along with NIFTY and  RELIANCE ,HINDALCO is another one.CMP 91.6 not  a bad entry but 89.6-90.6 would be far better.because of stop loss is 87. By the way on daily chart RSI has started working. May be it won't stopped before 99.5 and 105. Manage your trade as per your risk factor. Have a happy trading.

RELIANCE is the new black horse for the coming month.

Hi friends, hope you all read my NIFTY view for next week. I am very bullish on Nifty because of RELIANCE too. On weekly chart RELIANCE is trading it's demand zone 761-780, and closed @ 772.9. With a stop loss of 760 it is showing a very good long opportunity for a month. For short term (5-7 days) target 835, midterm (10-15 Days) 869 and for the month 905. Well my position upon RELIANCE may sound crazy, as it is unable to perform even Nifty's 300 point rally (4th March-11 March 2013). Then why I am so optimist? Look at the weekly chart of RELIANCE. Found anything? O.K. Let me explain my view.

1) After a long long time Reliance had traded sideways to down trend on it's weekly chart.

2) Notice on 8 Jun 2012, 23 Nov 2012 it had made Higher Low, and on 21th Sep 2012 , 25 Jan 2013 it had made higher high formation first time after it traded continuously sideways to downtrend from June 2009. Mean first time on 25th Jan 2013 it was indicated for a reversal. and now it is trading @ it's last swing higher low's demand zone. So if it can hold 761then I must say Reliance is the new Black Horse of the month.

JPASSOCIAT: In a good demand zone.

JPASSOCIAT: Is in a good demand zone of 61.05-64.55, Friday's close 63.45, one can go long with a stop loos of 60.5 for the target of 74 and 78.5 for a small time frame of 10-15 trading days. Have a happy trading.


Update on 29.03.2013: Hi friends we have got only 3 trading days this week. Hold JPASSOCIAT with revised stop loss of 62.2 for the same target.

NIFTY on a pull back mood, don't underestimate

Hi friends, now NIFTY is showing some hope for the bulls, though there are some unexpected news here and there on political issue, and market experts are chopping down common traders now and then yet hope you all able to manage your trade and making money. Last week I wrote about Siemens and it returned almost 5 % on very same day from my desire entry level. Now let me talk about NIFTY for coming week, very frankly if we have to face political uncertainty again this week, then I will act nothing as my chart showing in favor of bull, as per my view in coming week NIFTY may not break 5548, CMP 5651, so 100 point is very very big as a stop loss, I don't know if Nifty will turn around only from here or not, it may be, it may not be. One can go long just from here with an affordable stop loss of 5620, or you can wait to come down for 5590 to take an entry with stop loss 5545. Lets explain whole thing point by point ....

1. NIFTY has created a hope for the bulls.
2.  It is looking tough for NIFTY to trade below 5548 this week. So if you don't dare to trade long better to stay aside. But don't go short, because next bearish movement will come only below 5548
3. First entry long @ 5651 with stop loss 5620.
4. If first entry stopped out then another entry level 5590 with stop loss 5545.

Trade SIEMENS with Trader's Community

Hi friends, hope last week all of you have make good amount of money. Where number of trade is very little and risk is too small and reward is very high, hope you like this, but I am sorry I can't give you exit strategies, I am just giving you advance awareness and you have to manage your trade yourself. By the way this time I am come out with SIEMENS, what a beautiful formation! And very strongly backed up by its volume, really really rare. Closing price 574.1, what I found with a stop loss of just below 553 one can can go for a long on decline 560-562, for the target of 640, or one can buy above 580, in that case you need to define your own stop affordable stop loss. I am now bullish, sorry, very bullish as a trader on SIEMENS. Wish you another good money making week. Happy Trading with Trader's Community.

NIFTY: on a supply zone, be cautiuos

Hi friends, after a very fast rally on last week Nifty has reached on a very good supply zone of (5943-5971). with a stop loss of 5980 I think it is a very good opportunity to go short. But if this supply is broken then the high of previous rally (6111.8) may not act as a supply zone, therefore a strict stop loss is essential. Risky short but may be fruitful, happy trading.

"Jindal Steel & Power" in interesting zone.

Hi friends, look at Jindal Steel and Power (JSPL). As per weekly chart it has a DZ around 320.4-340.4, CMP 346, stop loss is little big. Yet it is now looking interesting even in current market price, look at it's Daily chart, RSI is turning back from it's over sold zone, and also price action in daily chart is "Trading at daily DZ". I am not going to speculating what broader market will do, but JINDALSTEL (JSPL) is really interesting. Risk averse traders can pull up their stop loss as per daily chart 337 is well enough. Happy trading.

JINDAL STEEL & POWER (JSPL) : A very good opprtunity to make money.

Hi friends, hope you have enjoyed last week my view on Nifty, though other two views also there, it will take time to get a good return if it won't stopped out, at least for a month one should hold the longs... Well this time again come out with almost same idea, and for same time frame (1 month). JINDALSTEL (JSPL) has a good demand zone on its weekly chart of 365-375, cmp 376.75, SL 363 tgt 452, 505.. Enjoy the trading.....

BHARTIARTL: The new Valentine, can hold its hand with pleasure.

Hi friends, again come out with BHARTIARTL, but please don't say I am going bias! It is really good one, after 5th August 2011 it was continuously trading in a negative bias, and after a long long down trend it has finally come out with Higher High -Higher Low formation on its weekly chart, which means we may have a got probable reversal on its trend. And now it is trading at its higher swing low (weekly demand zone of 299.55-309), it closed on 14th February @ 311.7. Very frankly BHARTIARTL is my new valentine unless and until it break 299, if it able to hold 299 in current market scenario 362 and 402 is just a matter of time. You too congratulation for new valentine.

TATASTEEL: Trading on it's probable reversal point

Hi friends, now this is the turn of TATASTEEL, after a long long time it is trading at its probable reversal point. On weekly chart, earlier it has made a Higher low Higher High formation that indicate of probable change of trend, and now it is trading at it's swing higher low level (359-374), hope if TATASTEEL hold 359 in this current trend then above 465 just a matter of time.

NIFTY: Good opportunity to make money this week

Hi friends, hope trading are going well, last week I updated about HDFC and BHARTIARTL, where HDFC has given a good return and BHARTIARTL has given little losses, but overall return upon trading capital is good in this kind of market. And now friends there are so many sell calls and so many people are already enter into bearish mode. But I am till hopeful, I think till NIFTY may come down 40 to 60 point, and if happen early in next week it will be a healthy correction. On weekly chart there is a demand zone @ 5823-5860, and the next demand zone 5626-5643, therefore unless and until NIFTY break 5820, it should be consider as a very good opportunity for a long side on NIFTY, as per my view, it will be wise to be bearish only after NIFTY breaches 5820, in that case next destination is 5643. Personally I am praying for NIFTY may open a gap down opening of near around 40-50 point @ DZ and it will be a very good opportunity for us with a very little stop loss, while other will in panic lets make some money. Wish you all may the coming week be profitable for you all.

BHARTIARTL: IS THE NEXT BET EVEN FOR LONGER TERM

BHARTIARTL has come out with it Q3 result below expectation, and that is why we saw a sharp fall on 1/02/2013, but by this kind of sharp fall it has enter into a weekly demand zone of 323.9-329.6, and it closed @ 329.4. On weekly chart it is forming HH-HL pattern that suggest even in longer term prospect BHATRIARTL is the bet. And therefore, in spite of two consecutive weekly demand zone very near by (second one 299.55-309), I would like to take a long entry @ CMP 329.4 with a stop loss of 321, for the tgt 360, risk reward ratio of 1:4 is really making me greedy.  

HDFC:After a long time in a buy zone

Hi friends, after a long long time I am updating my blog, due to lack of time I was unable to continue my blog. By the way, here is HDFC, looking almost trading at its probable reversal point, though there are two weekly demand zone (761.65-779.35, and 732.65-754.7) consecutively, and I am referring about first one, one can take a long @ current DZ (personally I would prefer 770-775 to take an entry) with a strict stop loss of 759, for tgt of 810, 830.