Owing to double volatility (Budget & Expiry) and GDP data after market hours, We are avoiding fresh trades. Yes, if opportunity comes, we surely will take a call........
Thursday, 28 February 2013
Wednesday, 27 February 2013
Tuesday, 26 February 2013
Tata Communications
Previous close 222.9.
We are interested in only two levels.. 219 and 222.
Will be selling this counter below 219 with a stop loss of 222.
Yes, we will be repeating the trades if required..
Wait for the level, no premature entry.,
Lupin- Ready to roar?????
Previous close 610.
This counter will rush to touch 618.
It will be facing a strong and final resistance at this level.
Will it be able to cross that??? No guessings...
We will be long in this counter and hoping to close above 620 making new highs....
If not able to cross 620 level, will take call accordingly.........
JSW Steel
February futures previous close 769.
This counter will crash to 745 with in one or two trading sessions.
Will it hold that level or not, will act accordingly.
For now we will be concentrating on this 25 points for quick gains.....
Monday, 25 February 2013
Where is the pre budget rally bro????
As mentioned, the biggies are already dumping midcap stocks.
I already blogged that they are not touching the Nifty stocks, maintaining the level of Nifty.....
Metals are not shining... Financials are weak..... Something rotten in Real Estate stocks....
Scams in Telecom stocks.... No reforms for power stocks...
Even new licences for private banks not amusing this market....
Our market is not reacting to any good news... Is it dead now???
Mean while, I am not a kind of a trader who gives 10 to 15 calls daily and forget tomorrow about the previous calls. I go with the few calls which worth taking risk.
Click here
Bank Nifty
Bank Nifty: Do you remember this counter????
On 4th February, I advised to buy Bank Nifty 12500 and 12400 puts keeping a stop loss of 12700.
I mentioned that this counter counter may dive to sub 12000 levels....
Yes, today it crashed below 12000 and closed at 12052.
12500 puts zoomed from 170 level to 460.
Bank Nifty still looking weak and poised to crash to 11500 soon.................
Click here
On 4th February, I advised to buy Bank Nifty 12500 and 12400 puts keeping a stop loss of 12700.
I mentioned that this counter counter may dive to sub 12000 levels....
Yes, today it crashed below 12000 and closed at 12052.
12500 puts zoomed from 170 level to 460.
Bank Nifty still looking weak and poised to crash to 11500 soon.................
Click here
Sunday, 24 February 2013
Real Estate Mania Makes a Comeback
Real Estate Mania Makes a Comeback
Home bidding wars in Washington D.C.
By Elliott Wave International
In most parts of the country, residential real estate prices remain well below their peak highs. Yet the resurgent bidding wars in some markets suggest that the lesson about bubbles remains unlearned. Will these new, highest-bidder home buyers have the price rug pulled out from under them in the same way buyers did in the mid-2000s? Read more.Home bidding wars in Washington D.C.
By Elliott Wave International
Friday, 22 February 2013
RelCapital - No Capital
Previous close 400.
Immediate target for this counter is 380.
Yes, a strong and final support exists at 380.
Will it hold that level or not, will take the call at that level.
For now just short this counter or alternatively, you can buy 400 put for this counter...
Power Finance
It will crash to 204.
Previous close 209.5.
For now we will be trading this 5 points trade and will take the call accordingly at 204......
Will be selling February futures accordingly.......
Thursday, 21 February 2013
Titan Industries- Will it or not???
February futures Previous close 259.
Wait for this counter to break 256.
If breaks, we will be short with a small stop loss of 259.
Will be repeating the trades if required....
Below 256, we will be maintaining a target of 220 soon............
ICICI Bank
Only two levels we are interested in.......
1110 and 1120.
Will be waiting for this counter to break 1110.
Once breaks, we will be shorting this counter and take a small stop loss of 1120.
Once breaks 1110, buy 1150 and 1100 puts for this series....
Respect the levels and wait for your turn. No immature entry please.............
Wednesday, 20 February 2013
S&P and our markets- An Update
Above is the daily chart of S&P 500.
After the year 2000 and 2007, this is the third time it has reached this level of 1530-1550.
Would anyone dare to go long in the markets at this time? Think once again......
Any correction from these levels will create panic in the world markets....
Meanwhile, Our beloved Nifty futures after breaking the crucial and long time support of 6000, is trying to regain that level. Every operator knows that flock will be going for a pre budget rally.
Are they dumping their holdings in a smooth manner?
The normal correction trend in the market used to start with large caps followed by Midcap and Smallcap stocks. This time the biggies have already dumped Mid and small caps even before the correction....
They have not touched the Nifty weighed stocks thus manipulating and holding the level of Nifty.
Just be cautious at these levels......
Monday, 18 February 2013
Allahabad Bank- finding Support.
This counter has strong support at 146-145 levels.
February futures previous close 148.3.
Buy and hold this counter with a small stop loss of 146.
Need not to hold this counter, if it breaks and closes below it.
Friday, 15 February 2013
Bajaj- Auto- Book profits
Bajaj Auto-
2000 Puts Zoomed from 26 to 57.CMP 49.Book Profits. Position closed
2000 Puts Zoomed from 26 to 57.CMP 49.Book Profits. Position closed
Thursday, 14 February 2013
Yes Bank- Looking tired!
February futures- Previous close 514.2
All we are interested is the level of 512.
If breaks, we will be short in this counter with a small stop loss of 516.
We will be maintaining an immediate target of 495...
Please wait for the levels to trade, don't mesh up.
Rel-Infra - One more crack!!!!!
Previous close 479.
Any rise, Just short this counter.
This counter will crash to 460 in hours only.....
Sell February futures accordingly................
Wednesday, 13 February 2013
Tuesday, 12 February 2013
Nifty Futures- Great chance to reverse???
A Pop gun is formed at the support level....
This pop gun at bottom generally indicates a bullish sign.
Nifty futures got a great chance to trade positive and close above 5965.
If it can happen, Nifty futures will be again in the safe zone for now.
But remember, it has to close above 5965 for any further up move.
Monday, 11 February 2013
Bajaj auto
Will it survive? 2030 is the last hope. Will it break? If yes, buy 2000
put for the series
Friday, 8 February 2013
Pantaloon Retail--- Sell off to continue...
February futures previous close at 234.
Sell this counter... It will crash to 220 in one or two session.
If rises, you will be lucky enough to sell more....
Kotak Mahindra Bank - Looking tired...
February futures Previous close at 690.
Any rise, Sell this counter and take a small stop loss of 705.
Expecting a target of 650 in the coming days............
Thursday, 7 February 2013
Nifty at crucial level!
On 05 Feb 13, I tweeted that Nifty futures is having support at 5935- 5925 levels.
As mentioned, Nifty futures made a low of 5940 and closed at 5961.
Tomorrow's trading is crucial. Will it hold 5925 levels or close below it???
Any close below 5925, will create panic in the markets and will take the Nifty futures to 5850 levels where it is having a strong support.......
Meanwhile I advised to buy Bank Nifty 12500 and 12400 puts keeping stop loss of 12700 for bank nifty futures. Bank Nifty 12500 February put zoomed from 173 to 230 in 2 sessions.....
The European Debt Crisis!!
Dear Investor,
In 1999, 11 European countries surrendered their currencies for the euro and a shared monetary authority. But as the world applauded, Elliott Wave International (EWI) forecast that those countries had also sealed a shared fate: to eventually collapse together in a liquidity-driven deflationary spiral.
Barely a decade later, the once-celebrated EU and its currency are facing collapse. In November 2011, EWI observed that its “pageant of concession and agreement focuses (now) on rescue and preservation rather than expansion.”
EWI's analysts have been anticipating and tracking the credit contagion across the European nations for the past two years. Back in December 2009, EWI analyst Brian Whitmer warned that a set of troubling events across Europe were signaling that the entire continent was on edge.
In April 2011, Whitmer wrote:
Back in February 2010, we stated, "Greece's woes aren't over and neither are its neighbors." Four months later, as nearly every country in Europe said they would avoid a "Greek-like fate," the June 2010 issue added, "The only thing separating these countries from Greece is the fragile confidence that they are, indeed, distinct."
Will the Central Bank coordination bolster confidence enough to turn around the economies of the world? Or is this just another hopeful attempt that will provide nothing more than a short-term fix?
You owe it to yourself and your investments to find out. Remember, even if you believe you're not directly invested in Europe, there's a very good chance that some of the companies in your portfolio are -- possibly even your money market funds.
Gain a valuable perspective on the European debt crisis and get ahead of what is yet to come in this free report from Elliott Wave International.
Nifty Reporter
www.nsetradingreport.blogspot.in
Wednesday, 6 February 2013
Ambuja Cements
February futures: Previous close 200.
Catch in the morning trade. Will zoom to 206.
Yes, this counter will face a small and final resistance at this level.
Once crosses and survives, a new rally will start.
Targets will be updated accordingly....
McDowells - Ready for up move??
February Futures: Previous close 1907.
Buy and hold this counter with a stop loss of 1870.
Maintaining a target of 2200 in the coming days...
Tuesday, 5 February 2013
Deflation Survival Guide
Deflation eBook: Short Copy
Complimentary 90-page Deflation eBook from Robert Prechter Available Now
Our friends at Elliott Wave International have just released a complimentary 90-page ebook on deflation from Robert Prechter.
As deflation fears are back in the news and most likely also on your mind, it's more important than ever to -- at very least -- give Prechter's deflationary scenario a serious look.
After all, deflation could pose a serious risk to your wealth if it occurs, and no one has explained the potential threats -- and how you can survive them -- better than Prechter.
Even if government stimulus and out-of-control spending have you more convinced than ever that inflation is dead ahead, we recommend that you take a look at Prechter's reasonable argument to the contrary -- just in case the markets surprise everyone as they so often do.
Aditya Birla Nuvo
February futures...Previous close 1115.
Concentrate on only two levels... 1100 and 1120.
Once breaks 1100, Short this counter and maintain a small stop loss of 1120.
Target will be updated....
IRB Infra - Headed for new lows??
February futures:Previous close at 117.7.
Go short in this counter with a stop loss of 120.
Repeat trades if required.
First target for this counter will be 100 in coming days..
JSW Energy- Ready for a free fall???
February Futures: Previous close 68.7.
Maintain a small stop loss of 70 and sell this counter.
We maintain a target of 60 in the coming days..........
Monday, 4 February 2013
Bank Nifty- Where it is heading guys??
The chart pasted above is the daily chart of Bank Nifty.
Yesterday broken the support at 12740 and today closed at 12548.
Is this counter ready to dive to sub 12000 level?????
A small support exists at 12350.
Will it hold or go below 12000?
Any ways just concentrate on 12500 and 12400 puts and buy them buy keeping stop loss for Bank Nifty at 12700..........
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