SR Trans Fin

SRTransFin:
We shorted at 564 and stop loss triggered at 570........
Now what to do?
Previous close 581, We will go long with the same stop loss of 570........
Lets respect the trend. We dont know whether it will get triggered, but we are not to say that....
Lets the market decide...........

HCL Tech - How to trade gap up????

HCL Tech:
How to trade this gap up?????
On 25th July, it made a huge gap up from 480 to 505 and now closed at 516.
Now what to do?
We will waiting for this counters to trade at 520- 525 levels and we will short it with a stop loss of 535.
Now you might be asking "Why to short it?".
As the chart says, this counter is again and again facing huge resistance at 525-530 levels,
the counter tried to cross this level atleast six times, but failed.
Keeping in mind, the risk of shorting is very small and will be taking strict stop loss of 535.........
Will repeat trades if required.

welcorp

welcorp: aug futures: cmp 107. Sell with a stop loss of 108.5

srtransfin

srtransfin: aug futures: cmp 564. Sell with a small stop loss of 570

everyone knows its a gap up!

after a huge gap up, how much will the counters move and which to enter? Will wait and take decision.

The Trend is your friend!!!!

Respect the trend!
Four days back when Nifty broke the trend line at 5190, it crashed all the way to 5030......
Do you find any support for now?
If raises too it will be facing huge resistance at 5225 for now....
This is the reason, we have to trade with the trend..


While updating this blog, Europe is rallying huge just on the say from Europe central bank that they can handle crisis. Is this the end to Europe crisis? I don't think so....


Lets not confuse our markets with the world markets...
Lets trade the way our market goes.....................

ACC

ACC:
Nothing to worry:
Previous close 1269.
Any decline, we will be buying this counter with a stop loss of 1250.
Will be repeating the trades if required.
Catch Futures accordingly.............

Mphasis

Mphasis:
We were long from 377 and booked at 404.
Now Sell around 402 to 404 with a stop loss of 407.
Will be repeating the trades................

cummins

cummins: strongly defending 429. Waiting to break it. Once breaks will kill it. Stoploss 434. Futures are in discount. No issue. Sell accordingly.

asian paint

asian paint: july futures cmp 3600. Sell with a stop loss of 3620. Repeat trades

bpcl

bpcl: cmp 371. Sell with a stop loss of 375

Union Bank

Union Bank:
Sell Union Bank July futures at 190.
Sl 191

Axis Bank

Axis Bank:
CMP 1032.
Sell with a stop loss of 1036

Mphasis

Mphasis:
As mentioned, the first target for this counter above 377 was 410.
Trading at 404.
Book Profits
Position closed...
http://www.nsetradingreport.blogspot.in/2012/07/mphasis.html

IOC

IOC:

Previous close 274.15.

This counter will rush to touch 278.

This will be the last and final hurdle for this counter....

Will it able to cross this level?

If yes, maintain longs above this level with a stop loss of 276....

Who is at fault?

Please read the below lines carefully... THIS WAS ABOUT BPCL


"BPCL:
July futures: Previous close 378.2
375 is the last hope for this counter.
Will be selling this counter below 375 only.........
Will take a strict stop loss of 378.
If required repeat trades.....
Remember not breaking the 375 and trading positive will take this counter to 400.
So please stick to levels...."


Where was the trade.
Has the counter traded below 375.
I clearly mentioned not breaking 375 will take this counter to 400.
Now if you short at your levels and then question me 'I CANT HELP IT'

HDFC, TATA Global- Levels remain same!

TATA Global:
Once again, this counter has reached to the magic level of 120.2
Will maintain longs above this level.....
Expecting this counter to reach 130 levels soon...........


HDFC: Will enter longs today....

ONGC - A small bet!

ONGC:
July futures:
Previous close 285.
A small stop loss of 288.5  is sufficient. 
Sell between 285 and 288. 
Don't remain short if stop loss triggered. 
Will repeat the trades if required..

Bharat Petroleum - Rally looks exhausted

BPCL:
July futures: Previous close 378.2
375 is the last hope for this counter.
Will be selling this counter below 375 only.........
Will take a strict stop loss of 378.
If required repeat trades.....
Remember not breaking the 375 and trading positive will take this counter to 400.
So please stick to levels....

MultiFaces of Nifty

Each and everyday a lot of views are being aired every where about future path of Nifty....
Every one is talking about Euro Crisis, Double dip recession, etc etc....


Where does Nifty stands now???
What Elliot waves say???

What trends say??

Nifty After peaking at 6340 (formed perfect double top- first top on 11 Jan 08)
and started its downward journey gave a break out on 02 Feb 2012.
After consolidating for nearly 4 months, its started its upward journey again......
As of now, Nifty is having strong support at 5165. 


Below is the weekly chart of Nifty. See the way it is respecting the trend till now

Will it respect its trend???


Your comments please!!!!!!!!!

Havells - New highs on card?

Havells:
This counter is continuously outperforming our market.......
Wait for this counter to cross the level of 595....
Maintain longs above this level....
First target above this level will be 615.............
Targets will be revised accordingly

Follow up!

Biocon and Lupin:
In both the counters we have entered long.
Will they perform for us? lets see.........
HDFC Ltd still waiting for the counter to cross the level of 690.

MRPL

MRPL:
July futures:
Waiting for this counter to trade above 59.5
Will go long above this level.
Once crosses this level, will take a stop loss of 59.
Repeat trades if required.

Biocon

Biocon:
Waiting for this counter to cross 245.
Will maintain longs above this level.
Previous close at 241.
Dont hurry! Wait for your turn please.....

TTML

TTML:
You all have witnesses what happened in Airtel and Rcom after my call....
Now concentrate on this sleeping beauty.
Previous close at 14.55.
This counter will rush to 14.85.
This will be the last and final hurdle for this counter.
Once crosses, a new rally will emerge in this counter.

SR Trans Fin

SR Trans Fin:
Previous close at 567.
This counter will rally to touch 578.
Will it be able to cross this level?
Once crosses this level, the first target will be 630....

HDFC and Lupin - Still Waiting for our trades

HDFC and Lupin, Levels not changed. Still waiting for the trades to enter... 
Will maintain longs above 690 and 551 respectively.

Indian Overseas Bank - Finding support today..

Indian Overseas Bank:
July futures: previous close 84.
This counter is placed with a strong support at 82.75.
Buy this counter with that stop loss........

Hexaware

Hexaware Technologies:
Any dips or at this level, buy this counter...
July futures Previous close 120.95.
Buy with a closing stop loss of 118...
We will be holding this counter for this series........

Tata Motors

Tata Motors:
After correction from 320 to 220, this counter is finding support at this level.
July futures Previous close 237.5. 
Buy and hold this counter with a closing stop loss of 232.....
If breaches 232, no need to hold it.
will enter again above 237 only....

HDFC Ltd

HDFC Ltd:
A trade above 690 is required for this counter to go long.
Previous close 685. Waiting for this counter to trade above 690.
Once trades, will go long in this counter with a stop loss of 685.
Once we are long in this counter, will maintain a target of 800 in the coming days.......

Lupin Labs

Lupin Pharma:
A trade above 551 will make all the difference...
Previous close 546.5.
Will maintain longs above 551 with a stop loss of 545.
Catch July futures accordingly....
Repeat trades if required,

Bank of India

Bank of India: A new rally from here!
July futures:
Previous close 356.5.
Buy and hold this counter with a stop loss of 352.
If 352 not breached, I am expecting this counter to reach 390 in the next week itself.......

Godrej Ind - Ready for a blast?

Godrej Industries:
248 is the last and final hurdle for this counter.
Previous close 245.
Once crosses 248 go long in this counter with a stop loss of 245
First target will be 270 for this counter...........

Videocon - Get ready for a ride!

Videocon Industries :
Previous close 178.2
This counter will rally to 182 in no time.
This is the last and final hurdle for this counter.
If able to cross this level, new buying interest will emerge in this counter......
Catch July futures.

Jindal Steel and power

Jindal Steel and Power Ltd.

July Futures:

You have watched our counters TATA Steel and Sesa Goa blasting in the last 3 trading sessions....

Now its the turn of JSPL.

Previous close 470.

Remember only two levels in this counter.

475 and 465.

Once crosses 475, go long and take a small stop loss of 465...

Will repeat trades if required.

LIC Hsg Finance - A new rally??

LIC Hsg Finance: Ready for a rally!
Previous close 274.5
Buy and hold with a small stop loss of 272.
Once trades positively, first target for this counter will be 300.
Catch July futures accordingly

Bharat Electronics

Bharat Electronics:
Previous close 1365.
Waiting for this counter to trade above 1380.
Once trades, go long with a stop loss of 1365.
Please respect the levels.....

TATA Global

TATA Global Beverages:
Hope you all enjoyed TATA Coffee, now its time to buy TATA Beverages.......
July futures:
Previous close 120.2.
A small stop loss of 119 will work out for this counter.
Go long in July futures..............
Dont hesitate to exit if trades goes other way...

Fortis Health - catch it!

Fortis Healthcare 
Previous close 105.9.
Catch at opening bell upto 106.5
Will rush to touch 108.5.
This will be the final hurdle for this counter.
Will it be able to cross it? If yes, targets will be issued accordingly........

Mphasis

Mphasis- Ready for a blast???
July futures: Previously closed at 374.5
Above 377.5,  go long in this counter with a stop loss of 374............
If succeeds in crossing this level, the first target for this counter will be 410.....

GAIL

GAIL: Gas will be on fire?
July Futures: Previous close 358.
Enter this counter for longs.
Hold with a stop loss of 353..............

Bharti Airtel and RCOM

Telecom sector: Worst is over for this sector?
Bharti Airtel:
July Futures:
Previous close 312.7.
Maintain long in this counter with a stop loss of 309...........

RCOM:
Previous close 64.1.
Buy and hold this counter.
Maintain longs with a small stop loss of 63.....

IDBI

IDBI Bank:
July Futures:
Previous close 95.2.
Wait for this counter to trade above 96.
Once trades, go long and take a small stop loss of 95.3.
Repeat trades if required............

UCO Bank

UCO Bank:
Previous close 79.65
Wait for this counter to trade above 81.
Once trades, go long in this counter as long as this level is respected.
Catch July futures accordingly

L&T

L&T:
A new rally on card???
Will it able to fire?
Concentrate on the level of 1410.
Once crosses this level, grab and hold this counter.
Take a small stop loss of 1400.
Catch July futures accordingly....
Repeat trades if required. 
Please respect the levels.

Kotak Bank

Kotak Bank:
Previous close 592.
All I am interested is the level of 589..
Buy and hold longs in this counter as long as this level of 589 is respected.
Catch July futures accordingly......

Alstom Projects

Alstom Projects:
Only two levels I am interested in........
394 and 392.
Once crosses 394, go long in this counter and maintain stop loss of 392.....
The futures are trading in discount in this counter, it doesn't make any difference.
Respect the levels. Once traded in direction, the first target for this counter will be 440.......
2 rupees in this counter is all the risk for this counter......
Repeat trades if required.......

Tweeted- TATA Steel for long!

TATA Steel: 
Tweeted on friday to go long in this counter....
Mentioned to buy Jul futures at 429 and go long in this counter.
I expect it to reach 450 in no time,,,,,,,,,,,
Once crosses and survives, it will have a new rally in that counter.

Respect the trend!!!!!!

What a move!
On friday, we expected that market will take direction.
I mentioned the same in the night itself.
Anyhow which direction even i don't know. But as the market opened it was already a gap up.
I agree some of my trades got triggered stop loss because of high swing trades last week.
Here I again like to mention "repetition of trade"........
I always issue tight stop loss for the reason, we should not get caught on the wrong foot.
Lets say TATA Power, I was mentioning 96 and 95.
Once it got triggered stop loss, but from next time it started moving up non stop to 104.
TATA Chem I was long, Jet Airways I was short. It never recovered...........
I was keeping positions very light owing to volatility
I am not interested how many points Nifty moved, I am interested how much I gained from my counters....


Lets respect the trend, next week we will get lot of opportunities for trade. So tighten your seat belts and get ready for a ride.............