Janak_S

02:04

Janak_S Updated 

Here is a quick short term trade in USDINR. Upside can be seen for the next couple of days of around Rs.0.5/-

01:03

Janak_S

BankNifty Collapse is beginning! It is unable to sustain the support level of 27043. It broken below it and re-tested the level and is moving lower now!

02:51

Janak_S

In the medium term, I feel Cipla looks weak and can be shorted with a small stoploss! A trade with a good risk:reward ratio! See the video to know more!

Janak_S Updated 

Kotak has been in a bearish trend lately and after the recent bounce i think the time is ripe now it to continue its move lower. The price has moved lower from days high and formed a lower top. RSI has moved out of near overbought zones!

Janak_S Updated 

Dabur also has been movingin a downtrend from which it has bounced. From an intra-day perspective it appears as though the bounce is over and the stock is ready for a fall. The RSI is also retracing from overbought levels. It can be shorted at the current price with a target of 359 and thereafter maybe ven lower.

Janak_S

So Dollar Index has met with its old friend - a downtrendline - after a long time. We can expect an interim fall in the index from current levels of 92.7 to levels of around 91. Its a contra position to market sentiments, hence extreme caution is adviced, however the gains will be sweet! The RSI is also dropping from overbought levels to 68 levels, look poised to...

Janak_S

The bitcoin dollar chart fall is likely to continue its drop to making a new low. The A-B-C pattern "C" wave is likely to commence which will be the last leg of the fall. If anyone is holding bitcoin, dump it now, you will get a chance to buy it at a lower rate later.

Janak_S Updated 

I feel that bitcoin rally has run out of steam, this seems to be the end of a 5th impulse wave of elliot and the 1st reactionary wave seems to have begun! I feel the bitcoin will test target 1 of 16500 , target 2 of 14000 and the stop loss for the same would ideally be the rally high, but i feel a close 19300 would also suffice!

Janak_S Updated 

BTCUSD seems to have completed its impulse wave and seems to have entered a reactionary wave. The target for the same at first will be 16500 levels and second target can 14900 levels. The stop loss ideally should be above the high of the rally, but on a closing basis the stop loss will be 19300.

Janak_S

IDFCBANK has bounced from new yearly lows, with a convincing hammer and a follow through with price action. Therefore it is a low risk trade, with an upcoming bank being available at a low rate. The bank can be purchased for an expected bounce to first 63 levels and then 78 levels with a stop loss of the swing low.

Janak_S

Nifty looks likely to give a short term bounce from current levels, therefore i suggest a short term buy in NIFTY BEES at CMP 837, with a stoploss below 832 and a target levels of 843 and 849. The volume also supports the view,

Janak_S

IMP POWERS LTD has bounced from a monthly trend line. Also Considering an Elliot-Wave study, it appears that the long term correction of this stock go over in its earlier upmove to 126 levels. The target from here-on is 126 levels, it can be bought with a stoploss of 77.