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Sensex

DALMIA BHARAT - SHORT TERM TRADING OPPORTUNITYDalmiya bharat CMP 2794 Target 3250 Stop 2675 Time frame - short term. Chart TF - Daily Rationale : 1) Stock has managed to move back above 200 EMA with good volumes. 2) Incidentally, this has been one of the strong long term support zones as well. 3) Currently stock is in the process of taking a breather with low volatility; usually low volatility is the sign of a vol expansion and the last 3-4 days price action suggests the probability of vol expansion favouring upside is relatively good. 4) Stock price action has led to the relative strength break the downward sloping resistance line suggesting that there has been some interest in this stock compared to broader index. 5) Stochastic crossover in the oversold zone should provide additional comfort with a much favoured risk reward. 6) Historically stock has gone below 200 ema on 2 occasions and has managed to cross above 200 ema immediately with stoch crossover in the oversold zone. Stock has given good returns post this event. Current scenario is possibly the third time. Strategy : Traders can go long on current series futures at cmp. Adust stops as the indicated levels are for spot.
DLong
by scorpiomanoj
Melt upMost overbought ever...at least till 1970's If that's not enough please humor me. What's funny is everyone in the mainstream is defending. Including Warren Buffett. www.cnbc.com And this is the response from Cliff Asness twitter.com You know where I stand. Make up your own mind. This is a global equity story. Not just the US. Indian benchmark indices touched all time highs today. Watching ETNOW and CNBC in India is funny. Their condescending opinions about markets are the daily dose of entertainment for me. Even more amusing is how the opinions turn on a dime day over day. With all due respect though. It's a tough job they have. I wouldn't fair better in all honesty. But investors should.
TVC:DJIShort
by Kaustubh
7
TATA ELXSI - Upward channel breakout.Tata Elxsi CMP 1041 Bias - Long bias. Rationale: Upward channel breakout. Strategy: Short term strategy - Buy at CMP for a target of 1160 to 1200 and a stop of 975. Highest addition of OI seen in 1200 call followed by 1160 call; hence 1160 should act as a mild resistance and 1200 should act as a strong resistance. So strategy should be having a trailing stop as the price moves higher inorder to get the max benefit above 1160. All levels are based on spot prices. Any position in futures and / or call should be linked to the indicated spot levels. Long term strategy - Buy 50% at CMP and 50% if it breaches the resistane convicingly with voumes above 1200. Above 1200, stock has the potential to reach 1500. Stop for both short and long term strategy should be at 975.
NSE:TATAELXSILong
by scorpiomanoj
SAIL - Possible reversal in short term trend.Sail is consolidating since 1 month after big move earlier and since then trading in symmetrical triangle, now it's near support zone as shown in chart, and as the triangle getting narrowed, expect a breakout soon, most probably a upside breakout as volume is not great during fall also RSI & CMO is in oversold zone, so expect a reversal in trend, and as it break past the resistance zone then expect it to resume the original medium term up trend, Overall I expect that Sail should soon achieve the long awaited 3 digit mark.
NSE:SAIL
by KunalJain
1
NIFTY - STRONG SUPPORT SEEN AT 10000NIFTY 10143 Derivative facts 1) Highest Call OI at 10500. Highest Call OI addition at 10300. 2) Higest Put OI at 10000. Highest Put OI addition at 10000. Technical structure Positives : 1) Nifty currently resting on the long term upward trend support line. 2) Nifty also resting on the previous support zone. 3) Nifty also resting on the Kumo cloud - Senkou Span A. View : As long as 10000 holds good, long position suggested. A breach below 10000 would weaken the long bias.
NSE:NIFTYLong
by scorpiomanoj
PERSISTENT SYSTEM - (LONG) WEEKLY MULTIPLE BOTTOM SUPPORT.Stock price has reached its long term support of multiple historical bottoms placed around 555 on the weekly chart RSI is placed around 40 and showing some strength. Stochastic oscillator has reached oversold zone and just crossed its signal line upside, indicating the chances of bullish trend reversal. Stock is on the verge of forming bullish engulfing candlestick pattern on the weekly chart So One can buy NSE:PERSISTENT @ 560, for a target of 625 and keep stop loss at 545. - SB7 INVESTMENTS.
NSE:PERSISTENTLong
by VIRUSSOUL
Will Nifty follow Sensex & break 9700 to test 9500..!!!?Always Chart Speaks a lot.. Sensex formed nice double top with -ve divergence on RSI & started its downmove.. It has already broken imp supp lvl arnd 31500, similar to nifty lvl of 9700 supp.. Now will sensex reverse & mark as false breakdown or nifty will follow sensex to break 9700 & head to 9500 lvls (Sensex 30750-800).. Interesting moves ahead... my bet is for nifty 9500 if 9800 not crossed & sustained soon.. lets c whats in store..!! Happy & Safe profitable trading Anand rathi @anandrathi12
BSE:SENSEX
by anandrathi12
JPASSOCIAT buyJPASSOCIAT has been doing terrific lately. From the looks of it, it is just getting started! This stock has been in a sustained downtrend followed by a long consolidation. It is finally looking to break out on the upside by a big margin. The short term target is 24 at least. Medium term 40. Long 50 at least. We may want to look for a slight correction only because it has been going up violently. Any dip should be an opportunity to go long. Since the news of it selling of cement business broke off, this has gone ballistic. There is a lot of pent up aggression left in this and there is a long way to go. Great buy in cash at around 16 - 17.. and with good timing, a greater buy in leveraged trade for next expiry.
NSE:JPASSOCIATLong
by Kaustubh