Nifty Auto Index | Trade NiveshThe Nifty Auto index was trading 1.17 per cent down at 8487.20 around 09:48 am.
Today Market is so cool Steel and Pharma Sector is bullish note but nifty auto index is 1.17 per cent down it's very clear think Tata Motors (down 3.27 per cent), Maruti Suzuki IndiaNSE -1.96 % (down 1.97 per cent) , Motherson Sumi SystemsNSE -2.40 % (down 1.92 per cent) and Apollo Tyres (down 1.36 per cent) were the top losers in the index.
view by chart technical clear down to become top levels mode
Auto
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Ashok Leyland1) Head & shoulder on all time high
2) RSI oversold
3) CNX Auto at 52 wk low
4) Though volume no are good in CV side but price is not reflecting it --- are missing something? Are at peak of earning cycle or derating due to change in cost of capital
5) If crude goes upto 90-100$/bbl and INR to 80 then only stock can be shorted
5) In my view stock likely to bounce back rather than falling INR 50 ie around 40% as per H&S theory
CNX AUTO is at an crucial levelAuto Stocks may be at a crucial level.
Index has been creating a falling wedge pattern closely following the mentioned trend line.
A weekly close below the red line may be bearish and targets upto 9920 levels.
Similarly weekly closing above the falling trend line may signal uptrend till previous highs.
Lot depends on news flow and earnings so lets see...
BAJAJ AUTO PATTERNThere is a Harmonic Pattern in Bajaj Auto (CMP - 3020.10),
BUY 10% Below 200 DMA - 1213.20
SELL 20% Above 200 DMA - 1693.2
Gain of 39.56%
BUY 10% Below 200 DMA - 1453.50
SELL 20% Above 200 DMA - 2058.00
Gain of 41.59%
BUY 10% Below 200 DMA - 1717.20
SELL 20% Above 200 DMA - 2553.60
Gain of 48.71%
BUY 10% Below 200 DMA - 2069.10
SELL 20% Above 200 DMA - 3033.60
Gain of 46.61%
BUY 10% Below 200 DMA - 2746.80
SELL 20% Above 200 DMA - TARGET Price of ₹3500
Unrealised Gain of 9.95%
Go LONG on dips.
Disclaimer : I am not a SEBI registered investment advisor. All views expressed are for educational purpose only. Kindly consult you financial advisor before trading or investment. I may or may not have position in the stocks described for trading or investment view.
My PredictiveEngine's Intraday call(10-May) - TATAMOTORS - LongBased on my PredictiveSystem's signals, today (10-May) its going to be a GREEN candle for TATAMOTORS
Buy above: 342.9
Target-1: 345.5
Target-2: 347
Target-3: 348.6
Stop loss: 340.2
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(09-May) - BAJAJ-AUTO - ShortBased on my PredictiveSystem's signals, today (09-May) its going to be a RED candle for NSE:BAJAJ_AUTO
Sell below: 2884.7
Target-1: 2863.1
Target-2: 2850.1
Target-3: 2836.6
Stop loss: 2907.8
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(07-May) - TVSMOTOR - ShortI am back after a long relaxing rejuvenating vacation. :-) :-)
Based on my PredictiveSystem's signals, today (07-May) its going to be a RED candle for NSE:TVSMOTOR
Sell below: 614
Target-1: 609.7
Target-2: 607
Target-3: 604
Stop loss: 620.1
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
[ Hamara ] - Bajaj Auto - StrategyHi All ,
Remember " Hamara Bajaj" (Advertise) - yep we still love it
No naked put/call /buy /sell , no over leverage and buying of 5-10 lots , just stick with 1 lot.
Target shown on chart. Let it go in any direction we will make money.
Buy 2800 April call @ 59
Buy 2800 April put @ 53
Execute folks , execute.
Options are risky consult your financial adviser before taking any trade.