Wednesday, December 30, 2015

CORDSCABLE breaking range- Rounding Bottom

Breaking out to range with conviction supported by volumes.

Levels of 75-80 possible

Monthly chart below

#fastmoving #mediumterm #cash

Tuesday, December 29, 2015

This Nifty Strangle made 5% in Dec

Check this Strangle trade for Dec Series
Calculations for one lot given below:
Investment of approx 70000 (Margin for both sides) made around 3510 before brokerage
That gives decent 5% returns for the month

Check this link for trade details (if table below is not visible)

#Nifty Banknifty #Conservative #Options

Sunday, December 27, 2015

Recommendations for the week 28 Dec - 1 Jan

ARVIND (Buy): Buy ARVIND near 339 for target of 346Stoploss at 333 

CENTURYTEX (Buy): Buy CENTURYTEX near 600 for target of 620Stoploss at 580 

ANDHRABANK (Sell): Sell ANDHRABANK near 64 for a target of 62.3Stoploss at 64.75 

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Lacklustre trading - NIFTY View For Week 28 Dec-1 Jan

Last week of the year- how will Nifty adieu 2015
World over traders seem to be enjoying holidays. Lacklustre trading activity in most markets. Markets are heading nowhere. 
How do we trade Nifty this week? 
Technical Overview: Last week Nifty made high of 7888 and low of 7733. A range of 155 points with a narrow green candle. Last week Nifty headed upward, but with low conviction, as the volumes were low. 
Last week I had said that Nifty might trade within a range. I expect same range to continue till the time markets gain volumes.  
Nifty has resistance near 7922-7980 and support near 7540. If Nifty breaks 7980, then expect it to travel to 8230. 

Check the influence areas (supports and resistance on chart below) 

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Friday, December 25, 2015

BHARATFORGE - good level to enter?

Bharat Forge is trading near its monthly demand zone.

Monthly chart posted here...though this monthly candle is yet not completely formed, hope to to get a bullish doji or hammer.

Enter for medium term for target of say 1150. Add more near 800-750

#fastmoving #mediumterm #cash

Thursday, December 24, 2015

BALAMINES breaking out- good volumes

We had picked up BALAMINES (Balaji Amines Ltd) on 6 Oct at 139.
Long wait, but worth.

Breaking out with volumes today.

Currently trading at 160, up 15% from our entry price. Shall wait for some more time before exiting

#Fastmoving #Mediumterm #Cash

Tuesday, December 22, 2015

Typical #Breakout Retest Breakout #TVSELECT

Giving here Daily and Monthly Chart

Broken out of Listing Price on 8 Aug. Support tested on on 30 Oct (Check Weekly Chart)

Breaking out of 8 Aug high with volumes again on 7 Dec.

Consolidation for last 8-10 days

Momentum started again.Can reach 200

#Fastmoving #Mediumterm #Cash

Monday, December 21, 2015

NEXTMEDIA Rounding Bottom Breakout

Monthly Chart Enclosed Below

Breakout beyond Rs 19.20 can double the stock in say a year

#Fastmoving #Mediumterm #Cash

Sunday, December 20, 2015

Recommendations for the week 21-24 Dec

ADANIPOWER (Buy): Buy ADANIPOWER near 28.15 for target of 29.5. Stoploss at 27.30 

DLF (Sell): Sell DLF near 114.55 for target of 110Stoploss is 118 

LICHSGFIN (Sell): Sell LICHSGFIN near 484 for a target of 477Stoploss is 488 

My Prime Cash portfolio completed 6 months. This portfolio has given returns of 32.6% during this period. 
Check the detailed performance hereThis portfolio invests in socks for short to medium term. 

Investors are advised to read disclaimer before buying any stock. 

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