indiamarketoutlook

indiamarketoutlook Updated 

Nifty CMP 10253 Look to sell for target 10160 / 10120 Idea being previous support may act as resistance now... Stop loss if goes 10280 Take care & safe trading...!!!

indiamarketoutlook

IOC CMP 393 Last month on 16 Nov when IOC was at 393, we covered the stock and expected it to consolidate between 380-410... Well November month ended and guess what where the stock ended. It was still at 393... One may consider to sell as mentioned in the chart It can fall to 374 / 368 levels Pattern gets invalidated if IOC closes above 405 levels Take...

indiamarketoutlook Updated 

Nifty Nifty is at important Fibonacci retracement level and it may act as resistance.... Just be careful.... Take care & safe trading...!!!

indiamarketoutlook Updated 

SBIN CMP 332.4 The stock opened gap down at 329.9 and is now back at 332.40 The current rise may just be to fill the gap... If resisted the stock could be heading back lower towards 328/ 324 levels Take care & safe trading...!!!

indiamarketoutlook Updated 

DLF CMP 231.3 The stock is at important 1.618 Fibonacci extension level The zone of 232-236 may act as resistance in the current month Target 229 / 225 Take care & safe trading...!!!

indiamarketoutlook Updated 

Ashok Leyland CMP 109.7 Last time when the stock was at 112 we had a bullish view for target of 128 / 133. Link to previous update Well the stock made a high of 133.80 and now is back again at those levels of 112-108. However this time we have a different story here... The price action has broken blue channel and also below the green support...

indiamarketoutlook Updated 

IOC CMP 393.2 The stock looks likely to have made a triple top around 430-450 band - the stock is now trading below the yellow zone making it look weak - staying below the yellow line zone the stock may potentially head towards the green line zone around 360... - immediate support at 380 levels highlighted with dotted red line - sustaining above 405-408...

indiamarketoutlook

Lupin: CMP 840.80 Must watch stock on your list... Rounding bottom formation observed... Momentum will come above 860 Target: 882 / 916 Stop loss at 823 closing basis Take care & safe trading...!!!

indiamarketoutlook

Mahanagar Gas Ltd CMP 1094 Last time we covered the stock at 1120 levels for target of 1220 Link to previous post It over exceeded our target and went to 1345 level... However the stock went out of gas there and fell straight from 1345 to 1060 odd levels... which provides good support. Since listing it's also the first time when the stock has corrected...

indiamarketoutlook

Tata Power CMP 90.90 On charts we observe a Cup & Handle formation.... sustaining above 94.50 will add further strength to power towards 106 and possibly towards 133 in medium term.... Look to add on dips around 88-84 zone with a stop loss at 76... Take care & safe trading...!!!

indiamarketoutlook Updated 

Adani Power CMP 34.25 The story of Adani Power is no different from Rpower... trading near all time lows... all while Nifty index is at all time highs However, there are some positive signs on the chart that draws attention... - we observe higher bottom higher tops on daily charts - meaningful crossover of 20 day EMA above 50 day EMA - recovery seen from...

indiamarketoutlook Updated 

NIFTY CMP 10316 Moody's rating agency has upgraded India ratings... Will it turn out to be sell on good news... Going below 10300 can add to selling pressure. Today's high can be taken as Stop loss Take care and safe trading

indiamarketoutlook Updated 

Asian Paints Closing Price 1179.55 Look to sell closer to dotted trend line resistance around 1203 or Below 1175 Stock may fall to 1141 and below that 1105 levels Strong resistance around 1230 odd levels Take care & safe trading...!!!

indiamarketoutlook

Amara Raja Batteries Whats the story...morning glory... Every chart has its own story... Yesterday we highlighted that the stock is at important resistance levels and today despite overall markets doing OK, the stock opened in the green and fell from the resistance levels and achieved it's target on the lower side... capturing more than 5% in morning...

indiamarketoutlook Updated 

Amara Raja Batteries (Price 821) Last time we were able to get the stock when the battery was down and made the most of it when it powered up... Link to previous update Now Charts are suggesting the stock to be at important resistance levels... Will it get rejected here...??? Resistance zone : 820-835 On the lower side one may look for levels of 788...

indiamarketoutlook Updated 

Bank Nifty Closing price: 25284 Why so much of importance Lets look at the charts - Bank NIfty currently is at important support line - 20 hr EMA at 25347 - 50 hr EMA at 25346 - 20 hr EMA on the verge of crossing below 50 Hr EMA (which if happens meaningfully could mean more bearish move ahead) We have seen the crossover effect in Nifty... will it be...

indiamarketoutlook Updated 

Nifty view We have been cautious on Nifty since 10451 levels... Now we have been closely monitoring behavior of Nifty trade at 20 day EMA and so far on expected lines has been giving it's due respect... Now heading into the weekly close its the 3rd day of battle near 10280 A decisive close below 10280 and Bears will try to take it down to 10160 odd levels A...

indiamarketoutlook Updated 

Jet Airways CMP 670 Last time when the stock was at 522 we suggested Jet Airways having the potential to fly higher...Well it just SKYROCKETED... Now can we expect the stock to take a ground landing .. 630 / 600 are potential levels to look out for... Channel resistance at 696 /700 levels Take care & safe landing...(safe trading i mean)