TECHM: Brave hearts can utilize this buying opportunity.

Hi friends, here is another IT out performer TECHM is showing good opportunity to buy. 1813-1820 is a good buying range with a stop loss below 1800, short term target will be 1900, 1980.

                    Nifty for 10/03/2014

NIITTECH: A good opportunity to buy

Nifty has made a new life high on last 7/3/14 lead by capital goods and banks, and surprisingly IT and Pharma has came down. But as per technical, I think we have got some buying opportunity in some counter. Here is NIITTECH, a good buying opportunity is there with a stop loss below 403, it closed at 413.6 buying can be done between the range of 405-411, short term targets are 442, 454.


                                                                   Nifty for 10/03/2014

ALBK: time to be greedy

Hi friends, ALBK is now trading at demand zone of 75.5-78.2, cmp 78.1, a stop loss below 75.5 may give a good return in very short term. Have a happy trading.

BANKBARODA: Another good opportunity to buy

Hi friends, after a long correction BANKBARODA is trading in a good demand area of 530-543, a stop loss below 530 will be good enough for long, in one month time frame it may reach 606, 649.
Have a happy trading...

BATAINDIA good opportunity to take an entry

Hi friends, BATAINDIA is trading at good demand zone (907-930) cmp 930, a stop loss below 907 is required, target will be 982, 1012, 1084.

Be greedy while everyone is in fear :) happy trading

TECHM: Is looking good to go long fora short period

Hi friends, TECHM  is trading in a good demand zone of 1718-1743, cmp 1741, stop loss below 1715, tgt 1825, 1855... have a happy trading

MINDTREE, good opportunity to buy

Hi friends, it a good opportunity for take a long position on MINDTREE @ CMP  1438, with a stop loss below 1382, have a happy trading.

Market Trend Till Positive even more

Hi friends, after a long time I am updating my blog, as almost all my friends are connected through messenger, hope people in my messenger have made good return in past few months and begin to believe traders have taken the steering of the market in their hand. By the way, for past few days some friends are asking me whether market may comedown or not? As they are getting short call on NIFTY from different places. Well my view is little different, I am not a fool who will ask to short an Index which has made life time high a few days ego. Rather than I would like to wait for a reasonable correction and take a long entry. Well see the chart left side, it looks nothing clear, isn't it? Today it has touched short term down trend line (Pardon me line is there but personally I am not willing to say it is short term down trend) lower high formation is there but now lower low!!!! So how can I say NIFTY may come down? One more thing watch carefully, RSI trend line and Price trend line. Yeah, hope is there, technically it is more possible that Nifty will move up than it come down, so friends don't go short Nifty right now, well one more thing fundamentally we see after many months Real Rate of Return in India has gone Positive as WPI is 6.16% & Repo Rate is at 7.75%. Though we must not read much into this at this moment but if it is sustained then it will Place India at a very sweet spot for Investment for Long Term.

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.