indiamarketoutlook

indiamarketoutlook

Amara Raja batteries CMP 753 The stock recommended at 690 is very near its target of 760 Link to Previous update We cannot time the market but when time comes one surely can make the most of it... Consider booking profits... Enjoy & happy week end...!!!

indiamarketoutlook Updated 

Nifty CMP 10345 Cross-over observed around 10351 Target 10280 / 10160 initially Stop loss if goes closing 10380 Safe trading...!!!

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LUPIN CMP 865 The stock took a beating of 17% odd yesterday on USFDA warning letter for its 2 plants which contribute over 50% of sales to US and around 20% revenue in total... Will the stock fall even more or Is the worst over...??? Lets try to see what the chart is saying... - The chart is falling from the highs of 2129 made in Oct 2015 - trading in a...

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BHEL CMP 90.30 Results are bad and stock has seen some beating... but will it fall further... or we have heard of sell on good news... can this be a buy on bad news and will it rise against the odds...??? Lets see what the chart is saying... - we observe 20 day EMA recently crossed over 50 day EMA giving some strength - Currently 20 day EMA is at 92.2 & 50...

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Observations from the chart - WTI Crude trading in up trend channel since last 1 month - 20 day EMA crossover above 50 day EMA and 200 day EMA - 50 day EMA crossover above 200 day EMA Based on the observations we feel: WTI Crude to be in positive territory & If channel trade is to continue there seems to be good opportunity to go long for target of 54-55...

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Sun Pharma Last time when stock was at 482, we were not very confident for a big move past 505. The stock made a high of 509, came down till 466 and is now back at 483 levels. How ever this time the chart looks much better. After the stock made a low of 432 on 14-Aug-2017, the stock has now given higher top (490---499---509) :: higher bottom (432--459...

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SBIN CMP 316 Link to previous post The stock has jumped big time from 3-4 trading sessions back 250 odd levels to 320 odd levels - the stock has touched upper end of trend line and has stepped down signalling it to act as resistance - 305-312 is important level for SBI on the lower side Given the set up one may consider Short Strangle strategy for...

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Wockhardt CMP 722 On hourly charts the stock is giving a breakout.... - the stock has good support at 676 - 657 zone - upper side target at 780 + in short term Things look interesting on medium and longer term charts Medium term And on a longer term chart Interestingly the stock has respected levels of measured parallel channels... :-) Can be looked...

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Aban Offshore: On 9th Oct 2017 Aban Offshore was recommended around 182 for target of 228 initially Today it made a high of 230. Target achieved. Aban Offshore delivers a 25% return in 1 month. Yippee... So What is this Make it large... Here We will be covering Stocks which give or will have the potential to give 20% + movement based on Technical...

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Nifty Cmp 10451 Observations - 20 hr EMA is currently above 50 hr EMA - 50 hr EMA has acted as the make or break level for confirmation of trend continuation or trend reversal - Nifty is trading in blue channel since September 2017 & is currently at lower end of the channel - however what looks more important here is to see if or not there is a cross over...

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Rcom CMP 16.2 The stock is in down trend trading below previous important low suggesting further weakness Trading plan One may consider selling RCOM November month Call option Lot size 14000 Strike Price 17.5 Price 1.05 Margin requirement approximately Rs 45000 per lot Profit potential till expiry Rs 14700 /- per lot Trading in Futures & Options...

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Dr Reddy Cmp 2418.50 On a 15 min chart we observe The stock to be at important short term level Breakout above the blue line can take the stock higher towards 2520 levels again. Keep a close eye on the stock 2360 is the stop loss in current set up... _____________________________________________________________________________________ Selling should be...

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Jet Airways CMP 522.5 The stock has reversed and taken off in style from important support levels with higher volumes The stock has gone above the red trend line giving signals of breaking out On dips the stock can be looked for buying opportunity as it has important support zone at 503- 480 levels A consistent close above 522 will increase its probability to...

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Aban Offshore CMP 203 Last time when the stock was at 182.40 we suggested a short term breakout on the cards... If you have caught it early great because now looking at the bigger picture things are looking much brighter if it gives a weekly close above 200 levels.. It opens up the potential to move towards 268 / 330 / 400 odd levels in medium term...

indiamarketoutlook Updated 

SBI CMP 314.5 We cannot time the market but One of the benefits of having a positional view is when your time comes you will make the most of it.... On 25th Sept 2017 It was recommended to buy SBI between 244-256 for target of 278 and in best case scenario 305... Yes Its been exactly one month but the reward is sweet and there to be seen... From average buy...

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IRB Infrastructure CMP 238 We have tracking this stock for a long time now since 19 June 2017 when the stock was at 228. We waited and waited patiently for entry opportunity and got one on July 3rd at low levels. Identifying important levels and then just acting on it when it comes makes the trade decision simple and more rewarding...!!! Now reaping the...

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Justdial Closing Price 404.45 The stock has reversed from 200 day EMA The stock may fall up to 394 / 380 / 377 in short term Pattern gets invalidated if closing above 412 Take care & safe trading...!!!

indiamarketoutlook Updated 

SBI CMP 256 Observations - trading in ascending channel since Feb 2016 - currently at lower end of channel -trading below 50 day EMA - trading below 200 day EMA View going forward Scenario 1 - stock is at major trendline support & if the stock holds on to current level then - the stock may see a bounce towards either 50 day EMA currently around...