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30600 should hold for the comfort of long side trades. Experienced traders may sell on rallies, with appropriate stops. Breach of 30600 will confirm the further weakness, for not so experienced ones. Consider taking hedged trades, utilising options to protect losses.

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After posting a smart recovery on settlement day, Nifty closed above an important trendline that has supported it several times in the past few months. Gap between 9&34 EMAs has widened. Gap between 9EMA and 21RSI too has reduced, but it is in SELL on Daily chary, though on two hour chart, RSI has crossed EMA on the upside, since value of RSI below 50, I would...

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After posting a decent correction and consolidation HUL is taking support and showing strength. Momentum Indicators and option chain data are confirming uptrend. Consider buying with a stop loss of 1917, for a target of 1986 - 2014 - 2032. Traders can consider a strategy i.e. buying a 1940 call near 52 and selling a 2020 call near 18 Rs. Mximimum risk will be...

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Dabur has confirmed an uptrend with breakout of a long term trend line. This is among the best looking charts of FMCG index, that itself has reversed only a few days back. A long positions can be taken at current rates, with a stop loss of 458 and for targets 489. Future OI has been showing long buildup, but option chain is not giving desired confidence at...

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Nifty Traders should keep an eye on a long term channel, the blue trend line and RSI divergence on daily charts. If it stays above this trendline, exceeds the channel decisively - 12500-12600 can be seen. RSI divergence and Blue Trend line will guide if it is gonna happen or not. I would advise to trade the trend using well hedged strategies, following...

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Please refer to chart for important levels. Estimating which direction, it will follow is difficult to predict. Avoid naked derivative positions, try trading using low risk or covered strategies with a upward bias and defined loss. If you intend to know more about such strategies, you may send me a direct message. Consider liking this post / idea, if you find...

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Nifty has seen a quit breakout, without any participation from Banks and even Reliance. Once they join the party, there can be a strong up move. Utilise smaller dips for buying as long as 12280 holds. Consider low risk "strategies" instead of naked positions. As long as 12218 holds, short side trades should be avoided. Send me a " direct message " on if you...

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My followers and regular readers must have made some profits in HUL and Dabur India calls, that were shared during weekend. ITC is another stock from FMCG basket, that can move up going further. Buy near current prices for targets 247-252-259-266 over next few days. Keep a stop loss of 238/- Derivative traders may buy calls of strike 240, around Rs. 6, for...

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Nifty may open with a gap today, as a reaction to major results announced during weekend. Possibility of profit booking can not be ruled out after a positive opening. Keep an eye on 12450-12470 levels, if exceeded 12573 can be seen. On the down side, 12319 and 12285 are the major support zones. Sustaining above 12285 is important for long side trades. RSI...

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Today's low is on a trendline connecting a few earlier bottoms. B.Nifty is highly oversold on most parameters, besides indicators even the quant data High OI, PCT, IVs has been indicating oversold levels. If this level 30640-50 sustains, we could see a short covering rally in otherwise weak markets. Incase it falls below and sustains there, further...

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Pidilite Industries has been rising up for some time, looking at open interest data some indication of top formation can be seen. Sell below : 1443 Stop Loss : 1449 / 1455 (depending on your risk appetite) Targets : 1434 - 1432- 1421 - 1411 Low risk trade would be to sell 1480 call above Rs. 16-17/- with a stop loss of 22/- As there are only...

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As you can see in the chart, a long term trend line is offering support to the today's low, which is not very far from closing. This line is important for reversal or a short covering bounce up, tomorrow we have a weekly options expiry too. The developments can be interesting. Traders may use this line to create, hold and book positions tomorrow or for next few...

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Following Nifty ATH, other sectoral indices too are moving up, forming multiple bullish patterns. Pharma sector which was once darling of investors, is attempting to catch up. Some of you might have experienced, how it makes wild moves. Pharma stocks are among most preferred ones, among FIIs, DIIs and HNIs. I guess having exposure to the sector is a necessary...

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Timken India Buy for a target of 931-959 keep 906 as stop loss for this trade.

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Please loon kn chat text for levels

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Please refer to chart for important levels. Estimating which direction, it will follow is difficult to predict. Avoid naked derivative positions, try trading using low risk or covered strategies with a upward bias and defined loss. If you intend to know more about such strategies, you may send me a direct message. Consider liking this post / idea, if you find...

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Sun Pharma - the gap between 50 n 200 EMAs is less than three rupees, 0.7%, we know how significant is this. We can also see a trendline connection earlier tops, which may see a breakout as soon as on Monday (Jan 14th). Buying above 448, with a stop loss of 436, for immediate targets of 464. Traders using derivative tools, may use vertical bull spread, once...

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Please refer to details on chart. Avoid taking naked long positions, trade using strategies is safe in volatile and expensive markets. Non cash traders should plan to exit around 1370. send me a direct message to know more. Please consider liking this post / idea if you find it worth, you may also follow me fo interesting low risk strategies on Nifty / Bank...