indiamarketoutlook

indiamarketoutlook Updated 

Amara Raja Batteries The stock is back at important support levels Short term trade idea is on the long side Levels are mentioned in the chart Take care & safe trading...!!! Previous coverage of Amara Raja Batteries Long At 690... the stock took some time to pick up... but when it did it did in style... Sold at 833 resistance... Levels...

indiamarketoutlook Updated 

Nifty Previous Close 11027 Good Morning to all of you... Its Budget day today What will it be like... Will we see Corporate tax relaxation Will the Common Man get some relief in Income Tax Will we see changes in Long term Capital Gain tax... What will happen to Fiscal Deficit etc...etc So many questions... So many possibilities... All will be answered today...

indiamarketoutlook

RPower CMP 48.50 Last time, we were able to capture the stock movement right from 36.80 levels to 62 levels where we highlighted the zone of 58-62 being important The stock has come down exactly from same levels... At current levels the charts suggest the stock is back at important support levels & zone of 45-48 may act as strong support ... Buying at...

indiamarketoutlook Updated 

Maruti CMP 9368 Short term trend defining level 9450 Below 9450 the stock can test 9309 / 9165 levels Above 9450 it can head higher towards 9630 Take care and safe trading...!!! Posting through mobile.... regret the inconvenience in reading chart if any...!!!

indiamarketoutlook Updated 

JET AIRWAYS CMP 841 This is a contra trade if oil is on a rise, it will be cost disadvantage for airline industry... - at cmp and on rise towards 852 if gets resisted, it will provide a contra trade opportunity where one may look for a fall up to 800-796 levels Strategy for Jet Airways One may consider selling Call option January expiry Strike Price:...

indiamarketoutlook Updated 

Nifty CMP 10679.50 - Nifty has been trading in up trend channel - trend line resistance comes around 10730 levels - even in this channel, Nifty has formed a pattern and we have highlighted striking resemblance of trade pattern re-emerging - if history is to be repeated then there is a strong case of Nifty testing red support zone highlighted in coming...

indiamarketoutlook

TCS CMP 2762.5 Sell set up with a target of 2640 / 2560 Keep a Stop loss a tad above today's high 2805 (around 2820 level) Take care & safe trading...!!!

indiamarketoutlook Updated 

Jet Airways CMP 860 The stock is at resistance and can be looked for selling opportunity for targets of 848 / 828 Keep a stop a tad above today's high around 866-868 levels Take care & safe trading...!!!

indiamarketoutlook

Asian Paints CMP 1180 Last time the stock was at these levels we were able to capture a fall up to 1100 in 2 stance... And with Oil price on an rise again, it is a negative factor for Asian Paints On charts the stock is at crucial levels and below 1177-1168 zone could lead to further weakness for target of 1135 and further lower Take care & safe trading...!!!

indiamarketoutlook

IRB INFRA cmp 243.50 - the stock has recently tested and recovered from its 20 day EMA - support at 232-235 levels - Sustaining above 252 and the stock may be ready to speed away to 280-305 levels Plan your trade accordingly Take care & safe trading...!!!

indiamarketoutlook

CG Power CMP 96.35 Observations - since June 2013 the stock has given a higher bottom - higher top - the stock price is currently near minor resistance zone - good channel support comes around 82-86 levels coinciding well with 20 day and 50 day EMA... ______________________________________________________________________________ - any dips towards 86-84...

indiamarketoutlook

GVK Power CMP 21 - The stock is currently at 5 year resistance level - Sustaining above 21 opens up potential for a move towards 30-33 zone and 40 levels - RSI though suggests overbought conditions - so there is an alternative scenario where the stock may see some correction - and if in that correction the stock manages to hold 16 odd levels then there...

indiamarketoutlook

Adani Ports CMP 408 The stock can be looked at cmp and on dips towards 365 T1 440 T2 560 Stop loss if goes and sustains below 358 on a weekly closing basis Take care & safe trading...!!!

indiamarketoutlook

Oil India CMP 381.50 The view is mentioned in the chart...!!! Additional info Price to Earning Ratio: 11.2 Dividend yield: 3.73% Take care & safe trading...!!!

indiamarketoutlook Updated 

Coal India CMP 370.80 On charts we observe that level of 260 which acted as resistance for the stock back in July 2017 and in Sept 2017 has provided support in recent weeks... T1 288 T2 302 T3 316 Stop loss 259 Take care and safe trading...!!!

indiamarketoutlook Updated 

Rpower CMP 36.95 The stock is near its 2 year support or should I say near all time low levels... In the current set up - Momentum might come on sustaining above 38.5 - 40 levels - for target of 46 / 58 initially and above that it could scale up to 85 odd levels in the longer term - pattern gets invalidated if stock closes below 33 odd levels levels -...

indiamarketoutlook Updated 

Case in Point Adani Power After respecting the resistance zone, the stock has come back ferociously to break out and rise higher Rpower The stock made double bottom at long term support zone Take care & happy trading...!!!

indiamarketoutlook

Punj Lloyd CMP 24.80 On charts the stock reflects - good consolidation seen in last 1 1/2 years - break out will happen on sustaining above 28 - 28.50 levels - target of 36 / 42 levels Buying on dips or on breakout can be considered Take care & safe trading...!!!