Positional / Intraday Trade 26 Apr 2016

Short Rel Capital below 398-400 SL 408, Target 378-374 ( Cash level)

Positional Intraday's View

Buy Havells @ 343 Target 348 SL 340

Sell Voltas Fut @ 300 Target 291, 285, 280   SL 306.4

Nifty's View

Positional Study on some stock

Ajanta_ Pharma

Bata_ India

Titan

Bhel

Biocon

Note : We are updating some chart study ..If u take position on given study , so please book profit ..whatever u get .

Positional's - Intraday View

(1) Sell Bhartiartl below 350 SL 361 Target 335 (Cash level)

(2) Sell Bharatforge below 811 SL 829 Target 770 (Cash level)


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

3 Basic Rule of Wave ....

Indusind _ Bank

Nifty's View

Now everybody is bullish after seeing a smart recovery from 6825 to . 

Confirmation: Close above 7956-8038  spot.

Wait for a close above 7956-8038 spot happen to initiate fresh long position.

The present uptrend may be  finished this week. (By Wednesday evening or Thursday morning) One positive and one negative close is needed before reversal.(Minimum)

Wave Target 7956-8038 (Minimum). Technical Supports 7516

Fibnacci Support : 7611 .  Crucial Fibnacci Support at 7596-7589 spot. 

For Monday : If fails to cross 7956-8038 Spot go short for the minimum 7611-7515. 

If crosses 7956-8038 spot expect a short covering rally to 8328.

                                                                           

TCS's Study

Positional - Intraday 's View

(1) Buy IBULHSGFIN near or abv  619-617 SL 604 Target 644 (Cash level)

(2) Buy INFY near 1170-1165 SL 1142 Target 1249-1300 (Cash level )

Note : I will not be available to give Intraday updates.  Hence use strict stop loss & book profit when get whatever profit . 

Positional's - Intraday View

(1) Buy Bajaj_ Auto abv 2395-2406 SL 2349 Target 2490-2508(Cash level)

(2) Buy Bata_ India near 520-518 SL 508 Target 546 (Cash level.)

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

Banknifty's View

Bank nifty 

Crucial Resistance for this week  :  16318 and 16422  Spot.  Be cautious. Exit longs and calls here.  You can reenter only if closes abv these levels.  If you witness a reversal back  tuseday  after drifting upper near 15780-15900, try to sell  near the levels  spot and hold it for a few days.
If fails to touch 16318 and 16422 this week , then, expect a down  to 14751 spot levels and then again it will break 14751  spot then panic on card.
My final target for this down move is 14751 spot. But I am expecting the target only after a reversal from  15780-15900  levels.
If closes below 14751 spot this week , then, it is all over.  Expect panic selling.

Performance Sheet from 04-04-2016 to 08-04-2016

       Performance Sheet from 04-04-2016 to 08-04-2016

04-04-2016

05-04-2016

06-04-2016

07-04-2016

08-04-2016

We are in profit 9 calls the out of 11 Calls , 2 not active  and 1 SL triggered .

Position - Intraday 's View

(1) Buy IGL abv 551 SL 537 Target 585 (Cash level)

(2) Sell Jet_ Airways below 597 SL 522 Target 576-555 (Cash level)

(3) Buy Axisbank near 426-424 SL 416  Target 447-451 (Cash level)

Note : I will not be available to give Intraday updates.  Hence use strict stop loss & book profit when get whatever profit . 

Nifty"s View

Positional- Intraday View

(1) Sell Kotak_ Bank below 675-680 SL 692 Target 643 (Cash level)

(2) Sell INFY below 1218-1219 SL 1245 Target 1175-1170 (Cash level)

Note : I will not be available to give Intraday updates.  Hence use strict stop loss & book profit when get whatever profit . 

Nifty 's View

Nifty 's View 

BE CAUTIOUS AROUND 7522-7516 SPOT LEVELS.
Chances of a reversal is on the cards. Suppose if Nifty breaks 7522-7516  try to exit your longs (if any) before a reversal. 7567-7555 zone is highly unsecured zone.  Be cautious.Market is consolidating between 7663-7555 levels for the past one week . Stronger the consolidation means.... the breakout/breakdown is also very strong.  Normally after such lengthy consolidations, the main downtrend will resume with force.
Expect some volatile down move in the early part of the week. Avoid trading and avoid taking huge overnight positions for the first two days. 
Invalidation points : 7663-7667  spot for Up move and 7522-7516 spot is for the down move.
I am not at all expecting a break of 7789-7802 spot before April  expiry. 
TRADE WITH CARE IS THE BEST STRATEGY FOR THIS WEEK.

Positional - Intraday's View

(1) Sell Siemens below 1111 SL 1133 Target 1067 (Cash level)

(2) Sell Voltas below 280 SL 290 Target 268-256 (Cash level)

Note : I will not be available to give Intraday updates.  Hence use strict stop loss & book profit when get whatever profit . 

Positional - Intraday's View

(1) Sell Relinfra below 549 SL 565 Target 523(Cash level)

(2) Buy M&M near 1219-1210 SL 1184 Target 1281 (Cash level)


Note : I will not be available to give Intraday updates.  Hence use strict stop loss & book profit when get whatever profit . 

Nifty Expected Move.

Nifty Expected move for 05-04-2016

This Uptrend may terminate near the 7822-7844-7889  spot.

Expected move for 05-04-2016

(1) If open abv 7727, then Buy with SL 7703 Target 7822-7844-7889 (These levels are reversal , so book according to movement).

(2)If open below 7727-7722, then possiblity to down from 7767-7789(This move may be spike)Or

(3) If revers from any level i.e 7822-7844-7889, and break in down side lebel 7767,then Sell confirmation for 7596.

In small time frame 5th wave is on holding 7703 spot , can lead 7822-7844. 

Positional (Heromotoco)

HEROMOTOCO

Positional's View

(1) Sell TATAMOTORS below 382 SL 394 Target 359 (Cash level)

(2) Sell BPCL Below 896-98 SL 922 Target 847 (Cash level)

Note : I will not be available to give Intraday updates.  Hence use strict stop loss & book profit when get whatever profit . 

Nifty Positional View

Nifty Positional View 

Nifty is going to trade in between 7956 and 7522 for the  days of APRIL.

I am expecting a  Zig- Zag movement for the days of the month. First trade for the target of 7522 spot.  Then trade for the target of 7956 spot levels max if goes. Then trade for a break of 7989.  Then trade for 7242 spot if break 7522. 

Anyhow Nifty will break the recent high of 7777 spot and also going to break the recent low of 7582 spot. Safe traders don't  hold overnight positions. Expect either Gap up or Gap down openings.

Wave 4 has not yet finished.  I think it may take some more time before reversal.

Crucial supports: 7667-7516  spot.  It wont break 7989 spot in April. Conversely it wont break 7242 spot also.   Hence you can use 7522-7516 spot is the stop loss for longs and 7987 spot for shorts. If breaks 7516 spot it will move swiftly down to 7242 spot.  At the same time if breaks 7556-7989 spot, it will fly to 8108  spot level. Hence keep booking small profits.  Do intraday only in options unless if breaks the crucial levels of 7522-7516 spot  and 7989 spot.

I will not be available to give intraday updates.  Hence use strict stop loss.

OIL's Company.

BPCL 

                                                                        IOC

HPCL