Technical Analysis's Book

Nifty View

Selll Nifty below 7904-7911 SL 7951  Target 7863-7782 Spot level.

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Positional View

1. Sell Reliance Infra below 510-514 SL 519 (Closing Based) Expected Target 478-467 

2. Sell Yesbank below 725 SL 738 Target 680 (Buy 680 PE -JAN SERIES  abv 5 SL 0 Target 25-30)

3. Sell Tatamotors below 390 SL 403 Target 372-363 


Note:: Keep the Fut's SL according to Cash levels

Century Tex

Century Tex 

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Intraday 29-12-2015 and Positional Calls

1. Short Yesbank near 738-743 SL 752 Target 712 (Cash_ level)

2.  Sell Centurytex below 590 SL 610 Target 542 (Cash_ level)

     Note : Future trader plz keep the SL accordingly to cash level's rates.

Intraday & Positional Call for 27-12-2015

(1) Sell Relinfra below 493-496 SL 502 Target 463 (Cash_ level)

(2) Buy HCLTECH abv 866 SL 852 Target 883-896 (Cash_ level.)

Nifty Intraday Study for 24-12-2015

Nifty _ Spot level Study 

One thing is confirmed.  The downtrend is still continuing and no reversal signals emerging.

1) If fails to move past 7980 spot tomorrow or any day , expect a fall towards 7644-36 spot 

   2) If you witness a move above 7846 spot, then, expect a move towards .7896-7911-7917  spot        levels. Nifty will face severe selling pressure at any one the levels mentioned above. This will trigger a fall towards 7644 spot (minimum

Intraday Calls for 24-12-2015

  1.    Sell Arvind below 334-42 SL 347  Target 317 (Cash level)

  2.      Sell BHARATFORG below 860-62 SL 869  Target 838-819 (Cash level.)

Intraday (23-12-2015) & Positional Calls

1. Short Biocon near 490-493 SL 503 Target 471 (Cash level)

2. Buy Kaveriseeds near 331-324 SL 308 Target 412-510 (Positional)

Option in Glenmark.

Buy Glenmark 900 PE abv 3-4 Stop loss 0 Expected Target 15-21.

TATASTEEL

TATASTEEL 

Weekly Market Outlook for 21-12-2015 To 24-12-2015.

EXPECTING A NEW LOW IN DECEMBER?

If Nifty Spot fails to move above 7983 in a day or two, then, we can expect a break of 7540 before December end. The above deduction is purely based on " Wolfe Wave Theory".

If the spot opens above 7802 levels, then, Nifty will try to touch 7836-7842 spot levels. We expect a heavy selling pressure and also expect a close below 7708-7702  spot on Monday. Hence if you witness a selling pressure at the above mentioned levels, then, SELL NIFTY and hold with a stop loss at 7983 spot levels.

If it opens below 7800 levels, then, Nifty will try to move up either from 7811 or from 7817 spot levels and reverse from these  level towards 7702  spot

If opens flat, then, wait for 7736-27 spot levels to buy or wait for 7811-7817 spot levels to Sell. 

My expectation: As per my wave counts , the, market may open higher and it will not sustain at higher levels and the market will face heavy sell-off either on Monday or on Wednesday.

Indicators are not giving any clue but moving average crossover pointing to a bearish outlook. Wave Theory also confirms this. 

MY FINAL DESTINATION TARGET FOR THIS DOWN MOVE WILL BE UPDATED IN MY LATER POSTS.

Option Mania.

Axisbank is near the 5th corrective wave , and I am expecting that can breach towards 400-396
so, you can buy 420 PE @3-4 with SL 0 Expected Target 16-19.

Intraday Calls For 21-12-2015

(1) Sell Zeel below 406 SL 413 Target 390. (Cash level).


(2) Sell INFY below 1080 & 1094 SL 1111 Target 1063-1032 (Cash level).

Dabur (Positional)

Dabur  _ Wolfe Wave

Intraday Calls For 18-12-2015

(1) Sell BPCL Below 898 SL 917 Target 867 (Cash- level)

(2) Sell  SKSMICRO Below 469 SL 485 Target 458-441 (Cash level)



Note.  On Daily chart of  "SKSMICRO" 5th impulsive wave is on, If hold 469 then can lead towards
           493-504 here I am expecting that it should revers from these levels.If happen then will update              in live market, But if break 469 then its confirmation of reversal of down move.

Reliance _ Cash level (Wolfe Wave)

Reliance Wolfe Wave Study.

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Intrday Makret View for 17-12-2015

Crucial levels for bounce or trend revers : 7708-7701 spot.

7701-7596  spot is crucial for more down moves.

If fails to take support at the above mentioned levels, then, expect a slide towards 7449 levels. Do not try to buy for the bounces.  Wait for a rally to Buy again. Safe TRADERS do intraday only between 7777-7708  spot levels. (No overnight Short/Long).  Trade lightly between these levels.

If mange to hold these levels 7708-7701 for whole day..then cam  move towards 7817-7822 Spot.  We are not expecting  Bullishness in coming days. In daily chart , 4th wave are running and its difficult  to predict and trade. 

Intraday Calls for 17-12-2015

(1)  Buy Indusind Bank near 922-923 with SL 906 Target  957 (Cash level).

(2) Sell TITAN below  358-59 with SL 367 Target 342 (Cash level)

Nifty Intraday For 16-12-2015

Intyraday Sell Nifty Fut 7744-48 SL 7769 Target  7702

Intraday Calls for 16-12-2015

(1)    Sell TECHM near 532-535 SL 548  Expected Target 501-500. (Cash level)

(2)      Buy Relinfra  abv 425 SL 413 Expected Target 442-446 (Cash level)
    

Note: Relinfra will weak only below 413, If break then can revers your positions .But according to 4th corrective  wave is finishing bottom  and taking the support near 413.

Rules For Trend Trading.

Sell Cipla below 646-48 SL 662 Expected Target 614 (Cash level ).

Nifty Intraday View For 15-12-2015

Nifty  Intraday View For 15-12-2015

I am expecting  a new low towards 7511-7449 Spot, then  

A Good move will be start for upside .

 (1) Buy TCS (Cash- level) abv 2366-2360 SL 2317 Expected Target 2455.

   (2) Buy LICHSGFIN (Cash- level) 457-55 SL 448 Target 475.

Nifty Weekly Market Outlook 14-12-2015 To 18-12-2015

n

"STAGE IS SET FOR A BIGGER FALL"
Hourly  Chart           : Bearish.

Daily Chart             : Slightly  Bullish max 7639-7655-7682

Weekly  Chart     : Highly Bearish.

All oscillators(All time frames) are still in the negative territory.  Only daily candle is slightly bullish and   giving some hope of recovery.

Monday's High is very crucial. Do keep a note of it.  I will update the importance  of that level at a later stage. If the market opens gap up or flat and comes near the range  7639-7655-7682 spot levels, then again selling is expected taking it to 7511-7452 levels in this  week. But patience is needed, because at 7452-7434 may be reversal zone for upside till 7779-7782 spot levels.

(When this level comes then update the SL & Target )

If the market give a reversal then go long  till with an expected target of 7779-7782 . Book full profit here and tighten your seat belts because this level is also the Selling Zone , If there is reversal from top then the  "STAGE IS READY FOR A BIGGER FALL"  upto 7380-7022 levels .

(1)  Buy YESBANK in Cash near 670-655 with SL 638 Target 718-754

     Buy 720 CE near 9-8 with SL 3 Expected Target 43.

Ideal Move For Intraday

This move happen in Every Script and Index. 

Nifty Intraday Chart & Study (11-12-2015)

Buy AsianPaint 840 PE @10-8 with SL 4 Expected Target 30-32. (Dec - Series ).

Nifty View on Candlestick _ Pattern For 

(11-12-2015)

M&M 

(Cash level)

Study On Wolfe Wave

Lupin (Wolfe Wave)

Nifty Intraday Outlook for 10-12-2015

Spot Nifty Outlook : Short Term

I am expecting Spot Nifty should not break  7567 before reaching 7711-7717. If it breaks and closes below 7567-7563 it will drag the index further lower . 

If  Spot Nifty takes support around 7567 then those holding longs from 7636-7642 levels need not worry. In that scenario an extreme bullishness is possible.

  

I fee extreme bullishness and bearishness should be avoided and at the same time you should REVERSE your TRADES when your decision go wrong.  Don't wait with hope.This is stock market and anything is possible.