McLeod Russel- Ready for a rally???

McLeod Russel:
February Futures: Previous close 359.65
Concentrate on only one level... 355.
Hold longs in this counter respecting the level of 355...
Maintain a target of 390 in the coming days..............

Power Trading--- No trading...

PTC India:
February Futures: Previous close 78.05.
Any rise, Sell this counter around 78.5 to 79 maintaining a small stop loss of 80.
Expecting a target of 70 in the coming days

Bajaj Auto- Will it survive????

Bajaj- Auto.
February Futures: Previous close 2048.
Waiting for this counter to break 2010.
Once breaks, we will be short in this counter with a small stop loss of 2035.
Will be repeating the trades if required...
Please respect the levels...

Power Grid

Power Grid Corporation of India Ltd.
February futures.
Previous close 111.4.
Buy this counter with a small stop loss of 110.
Maintaining a first target of 120 in the coming days...

HDFC Bank

HDFC Bank:
January futures. 
Previous close 664.
Buy and hold for this series with a stop loss of 657.
If required, we may roll over on expiry..............

India Cements

India Cements:
January futures.
Previous close 87.55.
Buy with a small stop loss of 86......

hdfc

HDFC Futures:
CMP 798.
Sell with a small stop loss of 801

Jubilant foods

Jubilant foods- Enjoyed the crash???
Futures cmp 1164. book profits

Jubilant Foods

Jubilant Foods 
Jan futures CMP 1194.
Sell with a small stop loss of 1210

JSPL

JSPL Futures: CMP 419. Book Profits........ 
Sold at 429

Tweeted to Exit Axis Bank Short at 1395..............

Axis Bank

Axis Bank:
Jan futures: CMP 1388.
Sell with a small stop loss of 1400

Follow up

Already tweeted to book profits in HCL Tech at 703 and IOCat 331....

jindal Steel and Power

JSPL- Jan Futures...
CMP 429.
Sell with a small stop loss of 433.
Maintain a target of 406

Biocon

Biocon-
January Futures- CMP 285.45.
Buy and hold for this series with a stop loss of 282.5

Reliance- Target Achieved

Reliance --- Bang on the target.
Made a high of 955. CMP 937
Book profits.
Position closed

Candlestick

Candlestick Formations

Japanese candlesticks, which have been enjoying the spotlight in recent years, are difficult to explain in one broad brush. Candlesticks draw on the same open-high-low-close data as do bars. Here the length of the bar, or “candle,” is determined by the high and low, but the area between the open and close is considered the most important.

This area, the “body” of the candle, is filled with blue (or white for most charting programs) for closes higher than open, and is filled with red (or black from most charting programs) for down days. The wicks above and below constitute the “shadow” of the candle, or high or low.

No pattern is 100% correct, but these formations are often time incorporated into many mechanical systems and can provide as great information source for the naked eye.

Doji - When the open and close price is almost the exact same value and the tails are not excessively long. This formation can alert investors of a possible indecision and during oversold or overbought conditions can possibly signal for reversal. The bulls and bears are equally pushing the price.

Long-Legged Doji - You can recognize this formation by one or two long tails (shadows). This formation will sometimes alert that we have reached the top of the market or warn that the trend has lost sense of direction.

Gravestone Doji - This formation occurs when the open and close price is the same or near the low of the bar (period). Although this can be found at the bottom of a trend, this formation can be used to pick out market tops.

Hanging Man - This formation looks like a body with feet dangling… or a hanging man. This occurs when there is profit taking near market open, then a rally with a close at or near the open price.  This formation can alert of a reversal and is typically found at the top of an up-trend. The longer the shadow, the greater the change is for a reversal.

Hammer - This formation is a short body with a tail that is twice the body’s length. This occurs when there is a sell off near open, but then a rally supports a close at or near the open. This formation can alert of a reversal and is typically found at the bottom of a downtrend. The longer the shadow, the greater the changes are of reversal.

Spinning Top - This short body has sizable tables both on the top and bottom of the bar. This formation often times represents indecision and a standoff among the bears and bulls. There is little movement between the open and close, but both the bears and the bulls were active that trading day. After a long blue candlestick, a spinning top suggests weakness among the bulls. After a long red candlestick, a spinning top suggests weakness among the bears.

Bearish Engulfing Pattern - This formation is a major reversal pattern after the completion of an uptrend. After a blue candlestick, the next day will open above the previous day’s positive close, throughout the trading day it will blow past the previous days open completely engulfing the previous day’s movement.

Bullish Engulfing Pattern - This formation is a major reversal pattern after the completion of a downtrend. After a red candlestick, the next day will open below the previous day’s negative close, throughout the trading day it will blow past the previous days open completely engulfing the previous day’s movement.

Evening Star - This is a top reversal signal suggesting that prices will go lower. It is formed after an obvious uptrend. The 1st candlestick is a long blue box (usually when the confidence had peaked). This stick is followed by a small blue body, when the trading range for the day has remained small. The third bar (red) goes down at least 50% past the 1st day’s bar signifying that the bears have taken control.

Morning Star - This is a bottom reversal signal suggesting that prices will go higher. It is formed after an obvious downtrend. The 1st candlestick is a long red box followed by a small blue box, when the trading range for the day has remained small. The third bar (blue) shoots up at least 50% over the 1st day’s bar signifying that the bulls have taken control.

Dark Cloud Cover - This is a two bar formation that is found at the end of an upturn or at a congested trading area. The first bar is a blue (positive movement) bar followed by a red bar which reaches over the open of the previous day’s close and closes at least 50% down the previous days bar.

Piercing Pattern - This is a two bar formation that is found at the end of a declining market. The first bar is a red (declining movement) bar followed by a blue bar which opens (often gaps) below the previous day’s close and reaches at least 50% of the previous days bar.

Stop Loss

Hope you guys understand what STOP LOSS is........
Whenever I give a call on this blog, I place Stop Loss before Target......
There were so many queries about the crash of Wipro....
Yesterday advised to buy Wipro futures at 430.
Yes, It opened around 438 and crashed....
Smart fellows exited...
But where was your Stop Loss my dear?????
I hope it was supposed to be 425.....
If you hang on to the counter expecting some miracles at the bottom, then I hope you understand who is at fault......

Time and again, I repeat "PLEASE RESPECT THE LEVELS".
No ifs and buts.................
Trade for living, not for fun....

Wipro

Wipro
January Futures:
CMP 430.
Buy and hold with a stop loss of 425.
Tgt 460 in the coming days...............

Reliance

Reliance Industries:
January Futures:
CMP 874.
Buy and hold with a stop loss of 865.
Target 940 in the coming days.....

Something cooking in power stocks.
Plz trade with levels....
Long/ short..... some dirty game going on.........

Tata Power

Tata Power:
 Jan futures CMP 107.
Buy with a stop loss of 106.4

Sintex-

Sintex- Ready for a rally???
Previous close 70.85.
The only level we are interested is 68.85.
We will be long in this counter with this stop loss.
Maintaining a first target of 85 very soon..........

India Cements - Waiting for the level to trade...

India Cements Ltd:
Previous close 87.25.
Waiting for this counter to dip to 86- 85.5 levels.
Once reaches the levels, buy and maintain a stop loss of 85...
Buy January futures accordingly.......

HDFC Ltd- Waiting to buy!!!

HDFC Ltd:
This counter is having a strong support at 810.
Previous close 825.
Any dip, We will be buying this counter around 818-813 levels.
Will maintain a closing stop loss of 808........
Catch January futures accordingly.

RelInfra

Relinfra: Ready for new highs????????
January futures: Previous close 569.
Buy and hold this counter with a stop loss of 558.
Maintaining a target of 600-625 in the coming days....
Please respect the levels.........

Power Grid

Power Grid: 
Worst is over for this stock.
Previous close 115.
Buy and hold this counter with a small stop loss of 113.5.
Maintaining a target of 121 in the coming days.......
Catch futures accordingly.....

Chambal Fertilisers

Chambal Fertilizers:
Ready for a blast?????/
Previous close 70.15
Go long in this counter with stop loss of small stop loss of 68.75.
Maintaining a first target of 75, will be revising accordingly.......

Hind Zinc

Hind Zinc:
Once again trading at the crucial level of 142- 143 levels...
Previous close 142.
Buy and hold with a small stop loss of 140.
Expecting a target of 155 in the coming days.....
Catch January futures accordingly..............

DLF

DLF: 
Previous close 239.
This counter will zoom to touch 247 in no time.
Yes, strong and final resistance exists at 247.
Breaking this barrier and closing above it, 
will create buying new rally in this counter.
If required, above 240 maintain a small stop loss of 237.
Catch futures accordingly.........

ITC

ITC:
Wait for your turn!!!!!!!
January futures Previous close 288.
Any dip, We will be buying this counter around 285-283 levels.....
This counter is having a strong support around 282 level.....

IOC

IOC: 
Previous close 272.
All we are interested is the level of 269.
Will be long in this counter with this stop loss.
Maintaining a target of 290....
Catch futures accordingly.......

GMR Infra- Rally has started..........

GMR:
Previous close 20.3.
Buy and hold this counter for this series........
Will be maintaining an ambitious target of 25 in the coming days 
with a small stop loss of 19.3.
Catch January futures accordingly..........

ACC

ACC Ltd:
No  need of brain storming.....
Remember only two levels...... 1440 and 1425.
Once crosses 1440, we will be long with a small stop loss of 1425.
Maintaining a target of 1550 in the coming days......
Will catch futures accordingly....
Don't be greedy...... Please respect the levels....

Crompton Greaves

Crompton Greaves:
Previous close 119.15.
Buy and hold this counter with a stop loss of 116.
Will be maintaining a first target of 132 in the coming days.....
Catch January futures accordingly....