10/20 Mid Week Watch - $CHKWhy: Prior Low + MP
Was watching this today, bounced right off MP and closed on highs. Eyeing any weakness to get long off 60.85
20
10/20 Mid Week Watch - $LVSWhy: Whole # (40) + 50D SMA + Prior Close
Earnings were rough. I'm thinking this will fade back into $35
10/20 Mid Week Watch - $PPGWhy: Prior close + Whole # (160)
Cut their guidance, but had a nice run into earnings. I think this is gonna present a nice fade tomorrow. Might bump my level down to 160 (whole #). Has $3 ATR, looking for a G2C type of trade
10/20 Mid Week Watch - $IBMWhy: QP + Whole # (140) + 50D SMA
Reported earnings on Wednesday AH, the numbers did not seem to be impressive. Have to see how it opens, gapped down in the AH. Might be a nice one to join for a fade
10/20 Mid Week Watch - $IPGWhy: Prior low + MP + 50D SMA
Doesn't have a lot of range to it. But when you see a lot of levels coincides, I want to be there if it pulls back into that level
10/20 Mid Week Watch - $ZILong off $67.15; Why: Prior low and Monthly pivot, I think this stock is setting up for a breakout
10/20 Mid Week Watch - $CZRWhy: Prior low and Monthly Pivot
Had a big move recently, prior resistance acting as support
10/20 Mid Week Watch - $NUEWhy: Prior low and 126D SMA
It's clearing the 104.50 area, could be 50D SMA magnet
10/20 Mid Week Watch - $NDAQWhy: Monthly Pivot and 50D SMA
Been on a really strong trend. Down almost 10 pts or so today. Looking for a follow through on Thursday for a curl back up from 50D SMA
NIFTY INDEX VIEWNIFTY TRADE
STUDY IS BASED ON SPOT RATE
PLEASE ADJUST FOR FUTURE LEVELS
CONDITION:-
INDEX SHOULD CLOSE ABOVE 20-DMA @11111
A CLOSE ABOVE 1140 IS NEED FOR CLOSING ABOVE SUPPLY ZONE
RESULT:-
IF THE ABOVE CONDITIONS ARE MET NIFTY WILL TEST LEVELS OF 11255-11332-11358
NIFTY WEEKLY VIEW WILL BE POSTED ON FRIDAY
BTST IN KOTAK MAHINDRA BANK JAN (FUT)BTST IN KOTAK MAHINDRA BANK
JAN FUT
CONDITIONAL BUY:-CLOSE ABOVE 1260 IMP
BOUNCE FROM 200-DMA AFTER RESULTS IS BETTER
RISING OI
BUILDING LONGS +DELIVERY BASE BUYING
JAN FUT TRADE
BUY@1262.5
STOP@1240
TARGET@1290
LOT:800
QTY:1
NIFTY INDEX VIEW FOR THE MONTHNOTE:-
Traders,viewers and other analyst are free to express their opinion and suggestions regarding this article.
View on the Index
NIfty has formed an sysmmetrical triangle on a daily chart and it is confirmed!!.
So a break above 10930 on closing basis shall confirm the uptrend towards 11080.
If i am wrong then we shall use the upward sloping trendline as to exit the trade.
Reasons for a upside breakout
Note that i had given a long trade on banknifty on thursday on the basis of crucial support nearing and the
"GOLDEN CROSS".
10700 nifty put option has seen great amount of put writing and call unwinding.
Although 10800 call option has seen some writing but the initial opening of the index above 10830 shall
spook them.
That will be confirmed once market sustains above 10774-10830 for inital hour that will lead to some
serious short covering.
If you notice the small picture you can see a clear trend emerging for e.g the 20-dma is about to cross the
200-dma but the bigger picture is where the 50-dma is evenutally rising and will finally cross the 200-dma in
fews days time(15-20 days period) giving as a "Golden Cross".
Shorts might get trap,Symmetrical triangle breakout can be expected on the upside and moving averages
showing us a picture.
PLEASE NOTE
"I MIGHT BE WRONG TRADE WITH YOUR OWN DISCRETION WITH STRICT STOPLOSSES"
SWING TRADE IN BEML JAN FUTSWING TRADE IN BEML
JAN FUT
20-DMA CROSSING 200-DMA
20-DMA RISING ALONG WITH 50-DMA
BUY@900
STOP@870
TARGET 1@940
TARGET 2@960
LOT:700
QTY:1
MOMENTUM/SWING TRADE IN TATA MOTORS JAN (FUT)MOMENTUM/SWING TRADE IN TATA MOTORS
JAN FUT
STOCK CONSTANTLY TAKING SUPPORT ON 20-DMA
CROSSING 50-DMA TODAY(WAIT AND WATCH)
RISING 20-DMA+RISING 50-DMA WITH AN OPEN INTEREST BUILT-UP
BUY@178.5 (IF CLOSING ABOVE)
STOP@174.5
TARGET@184.5
LOT:2000
QTY:1
BTST IN ACC CEMENTS SEPT FUTBTST IN ACC CEMENTS
SEPTEMBER FUTURES
TESTING 20-DMA
BUY@1596
STOP@1580
TARGET@1625
LOT:400
QTY:2
