Reliance, INDIABULLS HOUSING, YES BANK, STATE BK OF INDIA, HDFC BANK, TATA STEEL LTD
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Dabur India has shown good resilience to the down move of the Index today. Buy @440.4 with a Stop Loss of 438 & Targets of 444 & 446.
TCI - Transport Corporation of India went up in a falling market. A good risk - reward ratio should justify a Short Swing trade. Sell @ 336 with a Stop Loss at 339.5 & targets of 330, 325
RBL BANK has not fallen with Bank Nifty Today. It shows strength maybe because its balance sheet is not as weak. If Bank Nifty gives a small pullback, RBL should do well. Go long above 562.5 & a stop loss of 560 and targets of 564.5 & 567.
Buy above 928 with a Target of 940 & 960. Conservative Traders should keep a Tight Stop Loss of 910.
The MFI & RSI are in agreement indicating chances of a Genuine Breakout. Buy @ 298 for Targets of 301 & 310. Place stops at 292.85.
WHIRLPOOL is showing a breakout in weekly charts. The short term & medium term trend seem to align. Expectations of Festive season liftup should push this stock upwards/ Since the stock has high intraday volatility, stops should be initially a little lower at 1168. Later on we can tighten our stops according to our positions. Go Long for targets of 1351 &...
MCDHOLDING has been moving sideways since December 2016. With Highway Liquor bans being lifted in a few states, it looks poised to move up. Traders/investors should have a mildly positive bias in the coming quarters. Initially,I expect a fake intraday move to the downside, if it occurs. This is a contra bet i am suggesting. A Low risk high return trade. The...
Max Financial has been consolidating since June 2017. Yesterday it saw a breakout with decent volumes. Expansion in volatility can drive the stock higher. Go long with a SL at 601 & look for targets of 643 / 673. Rest, the chart is self explanatory.
LT showed good strength in the last session of the past week. The Daily Charts shows a Breakout with good Volume. The Weekly chart has been in consolidation since April & looks Ripe for a Breakout. Probably the Medium Term Cycle & Short Term Cycle are aligned this time. If we get a cummulative effect of addition of these Cycle magnitudes, the stock can check...
ENDURANCE IS SHOWING GOOD STRENGTH . BUY AT CMP OF 1025. SL AT 983 TARGET - 1100.
Supreme Petro was in a Strong Trend & then it started to correct from 427 levels. Now that it has build a strong Base at 320 levels or so. We can enter at CMP of 356, with SL of 335, for targets of 382,406 & retest of 427.
MOIL has given a breakout in weekly charts & today it has crossed crucial resistance. Buy into this strength at CMP of 383, SL - 361, for targets of 419.
Jubilant foods is showing a contraction in weekly charts, however volume strength suggests that the scrip is being accumulated. Gradually increase accumulating till it reaches 663 (Use position sizing). Keep a SL at 642 & look for targets of 752.
VRL Logistics is showing a Breakout in its weekly Charts, & last week it showed strength returning. Currently ruling at 353, chances are much higher that it may move towards 375/380. However, before making that move; buy till lower levels of 336 if-at-all it comes down using position sizing. Keep a SL at 327. Initial Targets are 375/380.
Just Dial is forming a Bullish Divergence in Daily Charts. Its Downward momentum is steadily loosing pace. It is a Buy candidate, but a smart entry is needed. Keep it in the Watchlist & wait for the DM+ to indicate its willingness to move above DM- Buy when bulls show signs of re-entering, possibly near 341 with a 1.5% Stop Loss for Targets towards 412.
IRB has formed a Bearish divergence on the daily charts. Go short with Targets of 210/203. Keep a SL at 226.
Repco Home Finance has moved up & then retraced back heading into a sideways consolidation. It looks like the Bollinger squeeze had given a classical Head Fake by moving lower & showing a false Breakout to the downside. However RSI divergence indicates strong support at lower levels, indicating a counter move to the upside. Go Long for the Targets of 804/832...
PEL has been in a strong uptrend since April 2017. It started consolidating since 13th June & is now in a Tight Range. A symmetrical triangle is formed, with Bollinger Bands squeezing. The Divergence in RSI show a sharp upmove is expected. However, i think weak hands will be shed before this upmove, so here patience is the key. GO LONG with a initial Target of...