indiamarketoutlook

indiamarketoutlook Updated 

DLF CMP 184.40 The stock is retracing after testing its 76.4% levels at 194 odd levels Last time too the stock reversed exactly from 76.4% retracement levels.... Will history repeat itself...??? Based on observations the stock is likely to continue its down movement Target 173 / 166 TC & safe trading...!!!

indiamarketoutlook Updated 

On 5th Sept we discussed 2 possible scenarios for Tata Motors that we are looking at... 1st was Tata Motors holding 374 on the downside and jumping towards 405-416 levels The stock made a low of 374.05 precisely and has managed to crawl back above 405 levels... Now if we see Tata Motors share price getting rejected here... then we are starring at the...

indiamarketoutlook Updated 

Tata Motors Observations - Last year on 31-May-2016 the stock opened with a significant gap up & closed at 459 up 38 points from its previous day close of 421 - This year On 8-Aug-2017, the stock opened significantly lower and closed at 380 down 36 points from its previous day close of 416 - the gaps have occurred from similar levels 421 and 416 respectively...

indiamarketoutlook Updated 

CMP 2198 Dr Reddys lab has given a nice breakout and the stock can be heading higher over medium term Buying on dips can be considered Targets 2320 / 2403 / 2520 / 2600 Immediate support around 2160 Stop below 2100 Do review your trading plan and plan your trade accordingly Take care & safe trading...!!!

indiamarketoutlook Updated 

Tata Steel CMP 649.8 On hourly charts we observe a neat channel trade Currently Channel Support comes around 642 Target comes around 672-674 There is also 20 min EMA support at 646 Ideally the stock should hold channel support, however, in case we see break of channel below 642 then stock can fall up to 618 / 600 levels Plan your trade...

indiamarketoutlook

Icici Bank Cmp 295.5 Since May the stock is hovering around the upper end of the trendline. There is no clarity emerging as to what the stock wants to do go up or down. So we wait for the stock to come near 280 and give signs of holding that level or go above 312 for any buy signal confirmation. Below 280 the stock May get in to weaker zone. Till then it's a...

indiamarketoutlook Updated 

Idea CMP 86.35 The stock will get in to weaker zone below 85.8 Target 80.50 in short term Stop above 89 Tc & safe trading

indiamarketoutlook

CESC CMP 1046 The stock will see demerger of shares and will be divided into 4 verticals in October viz:- - power genreation - power distribution - retail - others Now coming back to charts On weekly charts the stock has given a nice breakout and the stock may be heading towards 1160-1200 zone Immediate Support at 1023-1030 Stronger support at 996-1003...

indiamarketoutlook Updated 

Sun Pharma CMP 482 The stock is trading right in the middle of a down trend channel since 2015 and the channel is roughly 300 points. From medium to long term perspective based on charts, the best buy can be considered if the stock is available around 360-380 zone which is still 100 points away from current levels. For short term traders For short side...

indiamarketoutlook

Infy CMP 899.50 In the previous post when Infy was at 878 we had mentioned that the stock is likely to bounce towards the zone of 930-960 zone. Despite Infy offering Share buyback at 1150... despite Infy seeing the return of respected Nandan Nilekani on the board... we have seen price rejection in Infy stock price right in the zone (of 930-960) that...

indiamarketoutlook

Nifty CMP 9872 Observations - initial down trend from 10137 to 9685 levels - Nifty has gone in to consolidation there after Nifty has to break 9800 decisively to give confirmation of continuation of down trend Target for the pattern 9380-9360 zone Stop can be placed at 9930 Risk::Reward ratio is 1::8 This is a positional view and not a day trade...

indiamarketoutlook Updated 

Nifty CMP 9793 Is the market readying itself to test 200 day EMA

indiamarketoutlook Updated 

Reliance CMP 1572 The stock is near 2008 highs. It is an important level and is likely to get some respect. Expect some resistance around 1620-1650 zone. In the longer run, any dips towards 1360-1280 will provide good entry opportunity in the stock from long term accumulation perspective... For the current set up, One may consider the Strategy to Sell : -...

indiamarketoutlook Updated 

Nifty Futures CMP 9920 For the current set up Target 9800 Stop loss 9940 Risk reward ratio 20:120 i.e 1::6 Take care & safe trading...!!!

indiamarketoutlook Updated 

Going by the Fibonacci theme we observed in Nifty we see that 243455-24350 is important level to watch out for... Also trend line resistance comes around 24380... Buy above 24380 for target of 24500 / 24650 SL 24320 However If we see Price getting rejected in the zone of 24340-24380 then sell for target of 24251 / 24120 SL 24400 Zone of 24340-24380 is make or...

indiamarketoutlook

Since the rise from 9455 to 10137 levels Fibonacci levels have played a vital role is identifying key support & resistance levels... Levels------------------------------------ Fib retracement-------------------------- Fib Level - closing low at 9710----------------- 61.8% of 9448-10137 -----------------------9711 - high of 9947...

indiamarketoutlook

Were you able to capture the down fall....??? If you have seen any of my previous post on Infy one can understand that I have been big time bearish on the stock... Nothing personal though but was just listening to levels on the charts... And it has worked to perfection.... All the levels that the chart indicated was respected by the stock.... - Minor support at...

indiamarketoutlook Updated 

Rcom CMP 24.65 The stock is at 50 day EMA One may consider selling RCom July contract Option Type: Call Option Lot size: 14000 Strike Price: 25 Price: 1 Margin requirement Rs 80000/- approximately Max profit potential of Rs 14000/- per lot or max 17.5% yield potential on margin requirement In built loss protection for rise in stock up to 26 level...