indiamarketoutlook

indiamarketoutlook

Nifty The red channel reflects that the level has acted as resistance for Nifty. At current levels Selling Nifty has better risk::reward ratio. Levels are mentioned in the chart Take care & safe trading

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Biocon Closing Price 628 - The stock is at important levels and we try to analyse different possible scenarios and how one can plan their trade. - we are looking at 4 possible situations and accordingly one can plan their Trading strategy:- Situation 1 - In case of dips look to buy in the zone of 618-607 levels for target of 662 / 682 initially. - pattern...

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INFY CMP 710 Levels mentioned in the chart

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Nifty CMP 11478 Levels mentioned in the chart Take care & safe trading...!!!

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HDFC Closing price: 1974 - This is a weekly chart that we are looking at - Strong support seen at 1866-1800 odd levels - A breakout above the red trend line opens up the door for rise of 200-400 odd points Strategy - Consider buying on dips closer to 1950-1944 levels if held and volume is less during fall or - if it gives a weekly close above red...

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In our previous update on Nifty on 4th March we had laid out a strategy how one may look to trade the Nifty where we had highlighted to wait for a sustainable trade beyond the yellow channel for 3 days and go all out there after in the same direction. - If you observe the chart carefully you will get the answer as to why we said to wait for 3 days....

indiamarketoutlook Updated 

Nifty CMP 10863 - one of the reasons can be explained with the help of EMAs - when ever there is a wide gap between 50 day EMA & 200 day EMA it can be said that markets are in a trending market - with the expansion of gap trend gets stronger & vice versa - Since November 2018 there is hardly any gap between 50 day EMA & 200 day EMA & the result is Nifty is...

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IRB Cmp 147.55 In the current run up we observe the stock having more up days with strong buying and volumes are less when stock is in the red. - a classic scenario to enter long position especially on dips for medium term - levels are mentioned in the chart Take care & safe trading...!!!

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BHEL Cmp 67.05 In the short term, if 66 is held on to then the stock can be looked for target of 73 & higher SL 64 Take care & safe trading...!!!

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Reliance Ind CMP 1226 - potential trade opportunity with H&S pattern - on any pullback Level of 1260-1265 may act as important resistance for Reliance and should not be breached on the upside or view gets invalidated... - 1200 if broken then doors open up for potential fall up to 1152-1135 levels . Once level is broken it should not move back above 1226 or...

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Nifty CMP 10797 - There is a crossover of 20 day EMA below 50 day EMA - If price gets rejected here there is a good chance that Nifty may drift lower again -target can be a new low in coming few days Take care & safe trading...!!!

indiamarketoutlook Updated 

Rel Capital Cmp 129.50 The stock has taken a lot of beating not just in the last couple of days but for a year or so.... It is difficult to say whether it can be considered bottom fishing or if we are trying to catch a falling knife. That only will be answered in future with hindsight in perspective. So for decision making today so far as the green trendline...

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MGL CMP 967 If you have been following us and seeing our coverage on MGL, we have been in it since 860 odd levels... Link to our previous post Nothing spectacular here so far but the ride has been smooth and easy without panic attacks to say the least and importantly The stock has done a 10% + movement achieving T1 & T2 quite comfortably. (It is like...

indiamarketoutlook Updated 

MGL CMP 905 In our previous post we had recommended MGL for a buy around 860 for target of 920 and it worked to perfection to the point making a high of 919 Looking at the charts again we observe - price action holding on to the gap zone between 902-868 - 20 day EMA crossover above 50 day EMA in late November- early December 2018 - thereafter re-test...

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Dlf Cmp 162.30 The stock has broken the minor uptrend channel and in pullbacks is looking weaker. Target on the downside T1 149 T2 137 Resistance at 165-168 zone Take care & safe trading...!!!

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With over a month gone by in 2019, we look in to the performance of Nifty and Bank Nifty against some of the World's major indices namely - Dow Jones - Germany Dax - Hangseng - China & - Nikkei ...over different time horizons In the above chart we see Year to date performance of our market which is in the negative ( NiftY -0.15% & Bank Nifty...

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Making his debut in Test cricket for Sri Lanka, Marvan Atapattu scored a duck in his first innings. And again, in his second innings. The selectors dropped him. So he went back to the nets for more practice . More first-class cricket. More runs. Waiting for that elusive call. And after twenty-one months, he got a second chance. This time, he tried harder. ...

indiamarketoutlook Updated 

ICICI Bank CMP 337 An interesting observation on a multi year chart - we are looking at 13 year time frame for ICICI Bank - each time ICICI Bank came near the upper end of the channel it has terminated its uptrend - interestingly ICICI Bank has tested & terminated its rally at the upper end of the channel around January time on all the 3 previous occasions...