INFY

Nifty View on Budget Day.

 7067-7159 is a distant reality now.  I suspect even 6954 spot. Market hovering in the crucial support zone. If breaks 6954 spot tomorrow, then, expect another round of selling only after a bounce back. Market closed above another major trend line support 6954 spot.
If fails to move past 7067-7159 in during budget session or till Friday, then, expect another round of selling. If goes down in the morning session tomorrow, then, participate in  short positions below 6642-6627 levels because Market will enter the deep oversold zone. If you witness a sharp recovery, Buy Nifty.
Stop loss for shorts: 7159 spot. Stop loss for longs 6954 spot.

Positional Stock's View

(1) Short Bata_ India below 484 SL 500 Target 453 (Cash level)

(2) Short Bhartartl below 325 SL 336 Target 310 (Cash level)

Note: When get profit please book, dont wait for our target ...

Stock's View (23-02-2016)

(1) Buy Bharatforge near 781-780 SL 761 Target 822 (Cash level)

(2) Short Wipro below 543-544 SL 558 Target 517 (Cash level)

Nifty's Study

Bearish  Harami in weekly chart. We have witnessed repeated failures of this pattern (Engulfing and Harami) in recent times.

Lowest close in 2 years.The previous troughs of 6869 spot will act as supports.  Strong resistance  7389 spot only.

In six days, Nifty moved from 6869 to 7227.  in weekly  chart Indicators are looking oversold and not highly oversold. 

Options Data : 7400 calls accumulation is clearly visible. (Retailers or Big players?????  At the same time, OI in PUT OPTIONS has been reduced considerably. HIDDEN TRUTH!!

Wolfe wave  (Close near  breakout points) is clearly visible in Nifty and in a huge number of STOCKS.  After breaking and closing below the breakdown levels, normally it will retrace to the breakdown point or a little more.

If opens  flat or 7227 spot  on Monday then can lead towards 7268-7302, and here in daily chart is going to complete (iv)th wave.(Expected)

 try to exit Nifty longs either at 7268 or at 7302 spot levels.  This is the exit message for my positional longs at 7042-6968 levels. Also exit longs if opens above 7227 spot.

If opens higher, try to sell around 7268-7302 spot levels with a stoploss of 7346 spot. Target : New Low. A closing  above 7302 spot will take the Index towards 7582-7611 spot levels.  Technical suggesting this up move but not by Wave thory. The present '5' wave normally won't give respect to oversold or technical.  Let us see.

TRADE LIGHTLY FOR THE UP MOVE

If fails to move above 7268-7302 spot in 2 days,then, expect a vertical fall.

Scrips available at a very low price.  Everybody will be  tempted to buy the stocks only because they are available at throwaway prices.

Stock's View

(1) Sell BPCL below 777 SL 800 Target 731(Cash level)

(2) Sell Bajaj_ Auto below 2460-2480 SL 2521 Target 2365-          2210. (Cash level).

When get profit please book...!!!

Positional View

(1) Buy Star near 915-912 SL 881 Target 1006 (Cash level)

 (2)Buy Dish tv abv 70-71 SL 65 Target 81-87 (Cash level)

Positional View

(1) Buy Yesbank abv 716 SL 697 Target 759-776 (Cash level).

(2) Buy Axisbank abv 404 add 396 Target 438 (Cash level).

Positional View

(1) Buy HDFC_BANK near 960-955 SL 939 Target  1040 (Cash level)

(2) Buy Godrejind near 310-308 SL 298 Target 346 (Cash level)


Note: We have given calculated price, so when you get  the rate then take  position, not before.

Nifty Positional View

 Nifty Positional View 

If you witness a reversal either from 7039 or at 6959-6955 spot, we can expect a break of 7209 spot.  If closes above 7071 spot, then expect a target of 7344-7379 spot. If nifty manages to fill the gap prevailing at 6955 spot, then, expect a sharp and furious downtrend if  trade below 6867, In this scenario, Nifty will certainly break 7379 spot also. This is will happen only if closes above 7098 spot.

Cipla Positional

Buy Cipla near 540-535 SL 506 TGT 607 Positional  (Cash level)

Intraday Calls

(1)     BUY ARVIND  ABV 281 SL 276 Target 291-304 (Cash level)

(2)  SELL BHARTIARTL BELOW 323-24 SL 331 Target 312-306 (Cash level)

Idea (Positional)

Buy IDEA near 105-96 SL 85 Target 132++++ (Cash level).

Nifty Short term Study.

Trade lightly

(1) Buy Kotak_ Bank near 618-605 SL 589 Target 655 (Cash level)


(2) Buy LIC near 408-396 SL 386 Target 449 (Cash level)

Note:  When whatever profit ...please book ... don't wait for our target . 

Intraday

(1) Short ACC below 1280-1290 SL 1331 Target 1203 (Cash level)

Positional View

(1) Buy Gail abv 355-356 SL 334 Target 378-396 (Cash level)

(2) Sell Biocon below 466 SL 477 Target 440 (Cash level )


Note : Take positions in Fut , according to ur cash level ..

Positional View in stocks

(1) Buy LT near 1111-1100 SL 1083 Target 1170-1202 (Cash_ level)

(2) Buy Kotakbank_  near 665-660 SL 657 Target 689-696 (Cash_ level)

Positional View for Banknifty (Spot level)

Buy Banknifty abv 15000-14900 SL 14731 Target 15619-15781 (Spot level)

Note; When Stop loss trigger , plz dont wait for update... just exit .

Positional View

(1) Buy LIC near 441-438 SL 428 Target 486 (Cash_ level).

(2) Buy Centurytex abv 488-480 SL 458 Target 523-578 (Cash level)

Banknifty Positional View

"Banknifty = Rajdhani Express."

Banknifty formed the paralleled zone 14754 (ABC Pattern) on 20-01-2016.

If failed to break 14754-14731 spot once again in the next 2-3 days, then, expect a break of 15680 spot levels but confirmation is needed. 

 I repeat  15261 Spot. Confirmation points.

 1. Without any major retracements, the up should be speedy with heavy Volumes. 

2. It should break all the above  mentioned trend line with force. 

3. Break of 15261-15309 spot.

Intraday & Positional

(1) Short Yesbank below 766 SL 789 Target 721 (Cash level)
             Buy 760 PE near 22-23 and keep same SL 789 .

(2) Short TCS below 2400 SL 2440 Target 2349 (Cash level)

Note : Please book profit according to comfortable zone, due to lack of timing am unable to update            more  and given the cash level, if you trade in Fut , then keep the same SL according to cash        level

Nifty Positional View

Nifty Spot level Study .

Positional View

(1) Buy TATAMOTORS abv 340 and add more if come 326 with SL 312 For Target 360-373 (Cash level).

(2) Buy ICICI_ BANK abv 205 and add more if come 196 with SL 188 Target 217-223 (Cash level).

Nifty View (Cash level),

Intraday View

(1) Buy Auropharma abv 770 SL 755 Target 797-816 (Cash level)

 (2) Short Bajaj_ Auto near 2410-2420 SL 2460 Target 2290(Cash level)

We give the cash levels on our views..If you trade in Fut , then keep your SL according to cash level.

Note :: Market has become more volatile, so when get profit plz book on your comfortable level

Nifty Cash level

All indicators are in a Positive Zone but Wave Theory not suggesting an up move. Nifty rallied from 7242 to 7600  in just 7 days with high volatility and some days moves up in a rapid manner but with comparatively lesser volume. Rallied without fresh buying.  Rallied because of short covering. I suspect that it may be a trap.  I also came to a conclusion that this is  a 4th wave.

If fails to move above 7649 spot (61.8% of the fall), then, chances of sliding towards 7482-7422 or max 7367 spot levels. So we take a risk near or below 7602-7608 for short positions with SL 7649 Spot for the downside target zone .

If closed below 7518 spot then  hold for positional down move. 

Note : If closing come abv or near 7608-7611 spot then exit into shorts .

Positional View

(1) Short BHARATFORGE below 828-827 SL 849 TGT 807-779 (Cash level)

(2) Short Arvid below 321-20 SL 331 TGT 311-308 (Cash level)


Note : We have given cash level , If you trade in Fut  then keep your SL according to cash level.

Intraday Call for 1/02/2016

Short JSW Steel Fut  1055-60   SL 1078, Target 1015 / 998 ( Intraday)  . Please book your profits as per your trade strategy.