indiamarketoutlook

indiamarketoutlook Updated 

The view is mentioned on the chart

indiamarketoutlook Updated 

ICICI Bank: Cmp 321.80 Observation - On daily charts The stock looks primarily in up trend - however it is also at the upper end of the channel - Traders can look to sell for target of 308 / 303 / 298 - Do note as primary trend is up Buying should be considered on dips or if stock gives fresh sustainable breakout above 328 One may consider Selling ICICI...

indiamarketoutlook Updated 

Nifty is at important level. The gap has acted as support for some time now... Will the role of gap reverse now and act as resistance for some time going forward... Take care & safe trading...!!!

indiamarketoutlook Updated 

Observations from the chart - This is an hourly chart - In the sort term the stock is in down trend - However in slightly medium term the stocks looks likely to be in up trend channel - 675-680 if holds as support then the stock may again resume it's up trend - targets on the upside in that case 738 initially and above that the stock has the potential to...

indiamarketoutlook Updated 

Nifty is once again at the upper end of the channel Volume for the day is quite low Nifty movement is quite slow Its still not clear Whether the trade is with bull or bear So far another boring day... Following the channel may be the way... Nothing much more to say... Take care & safe trading...!!!

indiamarketoutlook Updated 

Telecom sector has been a rough road... - a flurry of new entrants increasing competition keeping prices in control - sudden change in spectrum allocation policy increasing the cost multi-fold - a new big giant entrant with different pricing model and luring many away from existing players - impacting revenues negatively per user - Some are done and...

indiamarketoutlook Updated 

Nifty CMP 9642 Observations from the chart - This is a 30 minutes candle chart - 9640-9650 zone as can be seen acted twice as resistance initially - Then subsequently it provided support on 4 occasions - Currently Nifty looks likely to be in small down trend - If Nifty closing is below 9640 then probability of downside might increase For the current...

indiamarketoutlook Updated 

As discussed in previous post Wipro if comes around 568 we will review the scenario again. Well the stock has made an exact high of 568 so far and is currently trading at 564 I have again opted for taking Short Position through Call option. This time the strike price is Wipro June series Option Type: Call option Strike Price: 570 Sell Price: 9.4 If...

indiamarketoutlook Updated 

Wipro Cmp 543.5 Will the stock give breakout on upside or fall back again...??? I will go with the odds of falling back over next couple of sessions However probability will strengthen once it comes below the red line. 515 is the 1st target 568 on upside is my review zone whether to take it as Stop loss or consider to add more short position. This is a...

indiamarketoutlook Updated 

Did I know about any news coming out on TV which will take IT stocks down swiftly... Definitely not... So was I lucky enough to be on the right side when news came out... It depends on how you look at it.. I always believe Stocks do have a way of communicating... they do try to tell us a lot... and it is up to us whether we are open to listen to them... ...

indiamarketoutlook Updated 

In line with my view on CNX IT, Infy is at an important resistance zone...If it respects the resistance then Infy could be heading back towards 933-900 zone. Take care & safe trading...!!!

indiamarketoutlook

A few days ago when BPCL was around 735 it was suggested that the stock might fall & come to 700-680 levels.... We had highlighted three candles in that chart... Now look at history of the chart closely... Can you see some similarity in the pattern... how the stock has behaved on previous occasions when such pattern emerged not so long ago and see how it...

indiamarketoutlook Updated 

Wipro Cmp 543.5 Will the stock give breakout on upside or fall back again...??? I will go with the odds of falling back over next couple of sessions However probability will strengthen once it comes below the red line. 515 is the 1st target 568 on upside is my review zone whether to take it as Stop loss or consider to add more short position. This is a...

indiamarketoutlook Updated 

The stock did dip in our buy zone of 555-568. It made a low of 567.75 Stayed there for rest of the day giving ample buying opportunity and now trading up. Partial profit booking was done above 600 as it gave more than 5% in 2 days. Take care & Happy trading...!!!

indiamarketoutlook Updated 

This is an update to our previous post. Booking profits partially as it has given more than 5% in 2 days Take care n enjoy... Happy trading...!!!

indiamarketoutlook Updated 

The stock is currently around support levels

indiamarketoutlook Updated 

Could this be heading lower towards 700 zone... Target 680-700 SL 754 Take care

indiamarketoutlook

Telecom sector has been through tough times for at least from industry players perspective - Many players were allowed to come in there by increasing competition keeping check on tariffs - Change in Spectrum buying policy thereby increasing their cost multi-folds - Entry of new competitor with different technology and different pricing model increased the risk...