Tuesday, September 11, 2012

NIFTY: Looking in a strong bullish territory.

Hi friends, after yesterday's choppy season, Nifty again started bating conservatively, and looking it is well settled now and will make long run!! And I think a newer high is going to be made, 5433 can't stopped it. So friends, be cautious if you have shored Nifty. I am now prepare for a bull run. Are you ? 

VOLTAS looking good for long

Hi friends; look at VOLTAS, it is really looking good, MACD crossover again happen second time in bullish territory, and as history if it happen, then a long bull run was seen mostly, also till it is continuing HH-HL formation. I would like to buy and hold it. Thanks to Mr Amit Daveji who find out the stock. 

Saturday, September 8, 2012

METAL: Probable Revarsal? JSWSTEEL & JINDALSTEL on a ride?

Hi friends, On daily chart CNXMetal on a DZ and on hourly chart, till 50 to 80 point up move possible, and at the same time JINDALSTEL and JSWSTEEL are both in DZ on daily basis. Though Metal sector on a demand zone and a reversal is expected as metal price is increasing in spot, yet I haven't choose TATASTEEL as it yet to come its weak DZ.  As per my view JINDALSTEL can be long with a strict stop loss 339 for tgt 375 and 396, and JSWSTEEL is an out performer than the Metal Index and it has just started up move, and till it hasn't broken its up trend... as it is holding HH-HL formation, so I think it is another Metal counter where one can take a long position with strict stop loss 664 and can be carried for next HH....... JSWSTEEL also crossed it 200 DMA. WIth comparison of Metal Index I think JSWSTEEL is the best for now.