Pharma stocks likely to move over 15% from current levels

Pharma stocks have been correcting since last year. The correction in this sector has lasted more than that of Nifty. While Nifty made a bottom in Feb 2016, majority of pharma stocks continued with their bearish trend.

Brexit could not impact pharma stocks as much it was hyped to be. Due to Brexit Indian Rupee gained good miles against Pound and Euro. Possibly these stocks are getting benefited by increase of INR against Pound and Euro.

Since last few days pharma stocks are ‘basing’ near their long term support. On monthly charts a nice revival pattern is probably in the process of formation. On daily charts formation of higher high and higher low is evident. Some of them are moving out of a long trading range.

Let’s take Cipla as a case study:

Cipla: Cipla has a nice Demand area and a support on monthly chart near the levels of 450-457. You can see that Cipla has made a low of 457.45 in the month of May. On daily chart it has formed a trading range near this support between 457 and 490. Yesterday it broke out of a trading range to close near 497. This suggests us that there can be a short term upside in Cipla. Resistances are near 500 and 520. However if it breaks beyond 545, the stock can have substantial upside.

Cipla Monthly Chart

Cipla Daily Chart

Similar signals can be seen on the charts of Dr Reddy, Lupin and Sunpharma. Auropharma, Biocon are looking good on charts.

Classical charting and Technical Analysis, if analysed and traded with proper risk management, can give us miraculous results. You can read a similar article I had written on possible upside in PSU Banks here.

Similarly a classic charting pattern in Kiri Industries has made it move by more than 50% in a month. Check here why Kiri Industries has given whooping 50% in one month.

I have planned a Traders Training Program through online mode which is starting on 4^th July. If you are part time or full time trader, consider taking this course. The course is focused more on coaching than training. It has 6 months live trading sessions included as a part of program. 

Read more details of Online Traders Training to safely make regular income from stock markets. 

Join the Training 

If you wish to be part of group of happy training participants write me at unmesh@bonvista.in or directly subscribe through my website 

Advanced Traders Training Program - New Online Batch

Advance Traders Training

Training is suitable for full time and part time intra-day, swing and Positional Traders. Traders from all segments like Equity, Commodity and Currency will be benefited. 

Highlights of the Training: 

Training is based around theme of 'Trading for Living" 

Learn trading with live practice sessions 

 Advanced Technical Analysis 

 Focus on Price action and Classical Charting Techniques which are proven since years

Use of Demand/ Supply for accurate entry 

Futures and Options for leveraged trading, how to use them to lower risk

Trading Options with simple methodologies, low investments to make high profits

Trading Options on short side - Trade with 90% success ratio

How to use volumes and Open Interest for trading - sure guide to high probability trade

 How to develop trading psychology to avoid major losses

Risk and Money Management for capital preservation and consistent profits

 Hand-holding to prepare Trading Strategy and Trading Plan 

Weekly follow-up session for next 6 months

There is no formula for success in stock markets. We teach you the Technique and not the formula

The course will start on 4th July and will run till 3rd week of July

Timing will be 11.30 am to 1.30 pm, Saturday's - 10 am to 2 pm

Fees: Rs 12000/- (Including Taxes) ( This is last batch with Rs 12000/- The fees will increase to 15000/- next batch onward)

Read more details of Traders Training to make regular income from stock markets. 

Join the Training 

How to trade Nifty post BREXIT -Nifty View for week 27 Jun-1 Jul

Exit of Britain form European Union has left the world economies in a big worry. The quantum of effect of Brexit is much lower on Indian Economy as compared to the world. Traders / Investors in Indian markets have much less reasons to worry and the same is exhibited by Nifty's recovery of more than 100 points from the low point on Friday. 

How should one look forward to trade Nifty post Brexit News? 

Technical Overview: Last week Nifty opened at 8115 and closed at 8088. That  was hardly a range of 27 points. On weekly chart Nifty has formed a spinning top. This spinning top has come at higher end of the curve.  A spinning top indicates neutral sentiments. However since it is near resistance, it might want to hint us at the possible change of trend. The fall in Nifty can be looked as the correction in an ongoing uptrend. On daily chart Nifty has smartly recovered from traditional support of 7940, forming a bullish hammer candle. Overall setup indicates that bulls does not want to give up their control. This is still a buyers market. 

Supports are 7940 and 7880. Resistance is at 8100 and at 8140.  

My View: In my last posts I had mentioned the support at 7990, this support has nicely held by Nifty in Friday's session and markets recovered from there. We have also been talking about buy on dips in every opportunity. The view still remains. However, with Friday movement Nifty's upside is currently capped at 8200. Nifty will find it difficult to move beyond this level. Nifty can move further up from current levels, but may not sustain at higher levels and can test the current bottom of 7940 once in times to come. 

Read daily view on Nifty for intraday traders and many trading articles on my blog 

I have planned a Traders Training Program through online mode which is starting on 4th July. If you are part time or full time trader, consider taking this course. The course is focused more on coaching than training. It has 6 months live trading sessions included as a part of program. 

Read more details of Traders Training to safely make regular income from stock markets. 

Join the Training 

If you wish to be part of group of happy training participants write me at unmesh@bonvista.in or directly subscribe through my website 

I have enclosed the chart below to understand the levels on chart 

Nifty Analysis for 24 June

 BREXIT outcome will play major role in deciding the market swings today. SGX Nifty as at 8.15 am is suggesting a gap down of 150 points.

If Nifty gaps down anywhere below 8188, Nifty is breaking a crucial support. It turns out to be sell on rise market.

Nifty support areas are 8170 and 8140. If Nifty gaps below these levels, these areas will act as resistance. Thers is a high possibility that Nifty may bounce immediately after opening. This is an opportunity to create shorts.

Nifty has major support near 8070 and then at 7992.

Hope you remember the weekly view where I had written about bigger picture is indicating correction in Nifty.

My next Advanced Traders Training (Traders Mentor Program) through Online Mode is scheduled from 4^th July. The training is for traders in Equity, Commodity and Currency.

Read more details of the program

Enroll for training

Nifty 15 min Chart

Nifty Analysis for 22 June

On intra-day charts Nifty is forming a range.

Ranges can be traded on breakouts. Current range between 8227-8207 is a very narrow range.

Buy if Nifty breaks above this range and sell if it breaks below this range.

If Nifty breaks below, it has first support near 8188-8180. Next support is at 8162.

If Nifty breaks above 8227, one can initiate long positions.

In my course on Stock Markets and Technical Analysis there is a separete topic on how to effectively trade the ranges.

Nifty 15 min Chart

 

 Advanced Traders Training Program

I am planning to have an online batch through Webinar.

Final Schedule for training-

4^th, 5^th, 6^th July- 11.30 am-1.30 pm

9^th and 10^th- 10 am- 2 pm

11^th,12^th, 13^th – 11.30 am to 1.30 pm

16^th and 17^th – 10 am to 2 pm

18^th, 19^th and 20^th – 11.30 am to 1.30 pm

23^rd – 10 am to 2 pm

The course is for Intra-day, Swing and Positional Traders. The course is designed to help make traders consistent profits with their own trading style.

Highlights of the course-

Detailed Technical Analysis and its intricacies, Classical charting Techniques

Derivatives- Futures and Options (including practical Options Strategies)

Open Interest, Volumes to trade effectively

Risk Management- how to minimize losses and maximize profits in Futures and Options

How to trade Commodities and Forex for consistent profits

Concept of Demand and Supply

One to one counselling to “Decide your Trading Personality Type”

More details are available on request at unmesh@bonvista.in

This is a practical course designed around ‘coaching’ than ‘training’.

Course will take approximately 40 hours to complete. Tentative schedule will be 4 hours on Saturday- Sunday each and 2 hours on working days- 3 days a week.

For pre-registrations, you can mail me at unmesh@bonvista.in or call on 9371444875

Nifty Analysis for 21 June

Yesterday Nifty daily chart formed a bullish candle. This pattern suggests us that the bulls are in control. On intra-day chart Nifty is now trading near a 15 min supply zone. Nifty can see some pressure during first half of the trade today. Aggressive traders can go short near current levels. A better trade can be a long trade near support at 8200-8190 level. If Nifty moves beyond 8255, it’s a buy with a greater conviction. Nifty 15 min Chart   Advanced Traders Training Program – 10 days to go I am planning to have an online batch through Webinar. The course is for Intra-day, Swing and Positional Traders. The course is designed to help make traders consistent profits with their own trading style. Course Covers- Detailed Technical Analysis and its intricacies, Classical charting Techniques Derivatives- Futures and Options (including practical Options Strategies) Open Interest, Volumes to trade effectively Risk Management- how to minimize losses and maximize profits in Futures and Options How to trade Commodities and Forex for consistent profits Concept of Demand and Supply One to one counselling to “Decide your Trading Personality Type” More details are available on request at unmesh@bonvista.in This is a practical course designed around ‘coaching’ than ‘training’. Course will take approximately 40 hours to complete. Tentative schedule will be 4 hours on Saturday- Sunday each and 2 hours on working days- 3 days a week. For pre-registrations, you can mail me at unmesh@bonvista.in or call on 9371444875 My Latest articles: Potential to move 46% from current level- Kiri Industries (Written on June 6, this stock moved over 50% since the date of article) Read 5 steps to keep your Technical Analysis simple

Disclaimer: The contents produced here are purely for educational purpose. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisory before taking any decisions based on above write-up.

Nifty Analysis for 20 June

I could not write weekly Nifty view this week. So here is weekly perspective. On Technical charts larger time frame will always play bigger role. We have been talking about Nifty trading near its weekly resistance and is in the process of correction. The news of RBI Governor exit will help bears to push markets further down. Corrections are healthy for any up trend. This correction can be a buying opportunity. On daily chart Nifty has crucial support only at 8000-7900. ---------------------------------------------------------------------------- However for intraday this is a sell on rise market. If nifty gaps down below low of Friday at 8137, that can be a sell opportunity. If Nifty gaps down near 8137, still it remains sell opportunity on rise. Nifty can move down to 8086, which is next crucial support.  My course participants know that markets trade in cycles. We are in the second move of one such market cycle. Third move is about to come. This will help in taking a right buy/sell decision. Nifty 15 min Chart   Advanced Traders Training Program – 10 days to go Planning to have an online batch through Webinar. The course is for Intra-day, Swing and Positional Traders. The course is designed to help make traders consistent profits with their own trading style. Course Covers- Detailed Technical Analysis and its intricacies, Classical charting Techniques Derivatives- Futures and Options (including practical Options Strategies) Open Interest, Volumes to trade effectively Risk Management- how to minimize losses and maximize profits in Futures and Options How to trade Commodities and Forex for consistent profits Concept of Demand and Supply One to one counselling to “Decide your Trading Personality Type” More details are available on request at unmesh@bonvista.in This is a practical course designed around ‘coaching’ than ‘training’. Course will take approximately 40 hours to complete. Tentative schedule will be 4 hours on Saturday- Sunday each and 2 hours on working days- 3 days a week. For pre-registrations, you can mail me at unmesh@bonvista.in or call on 9371444875 My Latest articles: Potential to move 46% from current level- Kiri Industries (Written on June 6, this stock moved over 50% since the date of article) Read 5 steps to keep your Technical Analysis simple

Disclaimer: The contents produced here are purely for educational purpose. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisory before taking any decisions based on above write-up.

Nifty analysis for 16 June

Nifty Analysis for 16 June What we have seen yesterday is a symptom of typical bull market. As it was discussed here, corrections are difficult to trade in any trend. Nifty has crossed hurdle of 8175. For the time being this is a buy on dips market.  Nifty has first major hurdle near 8238-8250 area. Support is near 8180. This was a resistance earlier, which is now a support. Nifty 15 min Chart   Advanced Traders Training Program – 15 days to go Planning to have an online batch through Webinar. The course is for Intra-day, Swing and Positional Traders. The course is designed to help make traders consistent profits with their own trading style. Course Covers- Detailed Technical Analysis and its intricacies, Classical charting Techniques Derivatives- Futures and Options (including practical Options Strategies) Open Interest, Volumes to trade effectively Risk Management- how to minimize losses and maximize profits in Futures and Options How to trade Commodities and Forex for consistent profits Concept of Demand and Supply One to one counselling to “Decide your Trading Personality Type” More details are available on request at unmesh@bonvista.in This is a practical course designed around ‘coaching’ than ‘training’. Course will take approximately 40 hours to complete. Tentative schedule will be 4 hours on Saturday- Sunday each and 2 hours on working days- 3 days a week. For pre-registrations, you can mail me at unmesh@bonvista.in or call on 9371444875 My Latest articles: Potential to move 46% from current level- Kiri Industries (Written on June 6, this stock moved over 50% since the date of article) Read 5 steps to keep your Technical Analysis simple

Disclaimer: The contents produced here are purely for educational purpose. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on above write-up.