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Yesterday Nifty broke below
important support of 7810. This support is expected to act as resistance
today.
If Nifty bonunces at opening to
7800-7810 levels, expect selling pressures from there. Short selling targets
can can be up to next support level at 7740. Nifty chart has a leftover gap
at 7740 level.
Current setup of uptrend is still
intact on daily chart.
Nifty 15 min Chart
 
Swing/positional
trades for the day:
Sell
Andhra Bank for target of 47.80. Stoploss is 49.60
Buy
Jubilliant Food for target of 1100. Stoploss is 1168
Buy
Pidilite for target of 630. Stoploss is 609
Article Godfrey
Philips- Trading near multi-year support
Recent
gainers recommended by us
Our Portfolio holding Subros hit upper circuit with 20% gains
yesterday.
SKS Micro Finance up 19% from buying price
Berger Paint up 24% from buying price
M&M Financial Services up 32% from buying price (Booked)
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Date: 22 May 2016
Time: 11:00am to 1:00pm
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Friday, May 20, 2016
Nifty Analysis for 20 May
Thursday, May 19, 2016
Nifty Analysis for 19 May
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Nifty
Analysis for 19 May
Larger picture: As mentioned in my
weekly view Nifty is trading in broad range with bullish bias. We are
experiencing buying in Nifty from every dip.
For the day, Nifty is trading near
its resistance and can see some pressure from current levels. Support is near
7850 and 7810 level.
If Nifty breaks current resistance
at 7895 we may see further upmove till 7930.
Nifty 15 min Chart
Swing/positional
trades for the day:
Sell
ZEE Entertainment for target of 425. Stoploss is 440
Buy
Hexaware for target of 226. Stoploss is 212
Buy
Union Bank for target of 114. Stoploss is 108
Buy
Lupin for target of 1690. Stoploss is 1600
New
article Godfrey
Philips- Trading near multi-year support
Recent
gainers recommended by us
Our Portfolio holding Subros hit upper circuit with 20% gains
yesterday.
SKS Micro Finance up 19% from buying price
Berger Paint up24% from buying price
M&M Financial Services up 32% from buying price (Booked)
|
Free
Webinar on Stock Market Investment Strategies
Free Webinar on Stock Market Investment Strategies. Learn to pick multi-bagger stocks. Don't just invest- take informed decision. Attend this seminar to learn simple methodologies used in share market investing/trading.
Date: 22 May 2016
Time: 11:00am to 1:00pm
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Wednesday, May 18, 2016
Godfrey Philips- Trading near multi-year support
Tobacco companies are vulnerable to increasing taxes and changing govt. policies. However large profit margins makes them an attractive business model.
Godfrey Philips is one among largest Cigarette Manufacturers in India.
I am splitting this analysis in long term and short term.
Long Term Analysis-
For your reference I have attached monthly chart of Godfrey Philips. As seen on chart the stock was trading in narrow bands for multiple years. These bands have come in 3 phases.
Phase 1- From April 2005 till June 2009.
During this phase chart was trading in a broad range of 120-340. Stock broke out of this congestion in June 2009.
Phase 2- After breaking out of congestion in 2009 it registered a high of 442. However it went into trading band again with price range of 345-442. It remained in this range till May 2011.
Phase 3- In June 2011 stock broke out of second congestion band to enter into the 3rd phase of range bound trade. This range was in broad price band of 420-800.
After these consecutive phases of congestions the stock broke with good volumes in Oct 2015 to double the price in just 3 months.
Large gains can be followed by profit bookings. Same thing happened with Godfrey Philips. Stock came down heavily from Jan 2016 till the current month.
Now the chart is trading near a strong support of 800. This is the price from where the chart has broken out of 3rd congestion phase.
That makes it a very attractive level to enter into. Buying at current level of 887 and adding more quantity till stop-loss of 800 can looks an attractive proposition. Long term target can be around 1400.
Short Term Analysis-
On daily chart there seem to be good momentum with volume on 17 May. We know that the stock is trading near monthly support. If 17 May momentum is to continue chart should reach to its next resistance level of around 1100. That can give us the gains of 20% in next 15-20 trading sessions.
Nifty Analysis for 18 May
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Nifty
Analysis for 18 May
Yesterday’s Invereted Hammer on
daily chart is suggesting negative sentiments for the time being. For the day
Nifty may trade with bearish bias.
A gap down as suggested by SGX
Nifty near 7860 may see some short covering.
As a result, Nifty can move up to its first resistance near 7890 to
move down from there.
Alternatively Nifty can break below
7855 level immediately after opening to see further downside of around 30
points to its next support at 7830.
Next support is near 7815.
Nifty 15 min Chart
Swing/positional
trades for the day:
Buy
BPCL for target of 964. Stoploss is 930
Sell
Glenmark for target of 846. Stoploss is 878
Buy
IGL for target of 605. Stoploss is 579
Recent
gainers recommended by us
SKS Micro Finance up 18% from buying price
Berger Paint up23% from buying price
M&M Financial Services up 32% from buying price (Booked)
|
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Date: 22 May 2016
Time: 11:00am to 1:00pm
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Tuesday, May 17, 2016
SBI - Breaking below Head & Shoulder neckline
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Sell
Head & Shoulder breakdown in SBI
Yesterday SBI (State
Bank of India) broken its important support. The breakdown has come with
large volumes.
It is clearly seen
from the charts that the stock is breaking out of Head & Shoulder
Pattern. The neckline is broken and the price is closed below it near 177.
H&S pattern gives
us an indication of short term trend change. It is formed at the end of a
“Higher Top Higher Bottom cycle”. The cycle of HTHB forms an uptrend. We know
that SBI has been in an uptrend. Yesterday this uptrend is broken with
conviction. The stock may get into a downtrend for a short period.
Target-
Trade: Sell
Target - 165 Stoploss - 183 Check the chart here for levels marked.  |
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Date: 22 May 2016
Time: 11:00pm to 1:00pm
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Nifty analysis for 17 May
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Nifty
Analysis for 17 May
On a larger time frame (daily /
weekly) Nifty is trading in a range with bullish bias. So for the day we
shall buy on dips.
On 15 min chart Nifty has support
near 7835 and then at 7815.
Go long near supports at 7835 and
7815 for target of 7900.
Go long in case Nifty breaks beyond
7907 resistance.
Don’t go short in this market
Nifty 15 min Chart
Swing/positional
trades for the day:
Buy
TV 18 Broadcast for target of 44. Stoploss is 40
Buy
Federal Bank for target of 53. Stoploss is 50
Sell
SBI for target of 167. Stoploss is 181
Read this stock analysis – A
midcap software company – on the verge of range breakout
Recent
gainers recommended by us
SKS Micro Finance up 18% from buying price
Berger Paint up23% from buying price
M&M Financial Services up 32% from buying price (Booked)
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Free
Webinar on Stock Market Investment Strategies
Free Webinar on Stock Market Investment Strategies. Learn to pick multi-bagger stocks. Don't just invest- take informed decision. Attend this seminar to learn simple methodologies used in share market investing/trading.
Date: 22 May 2016
Time: 11:00pm to 1:00pm
|
Monday, May 16, 2016
Nothing wrong with the bulls – Nifty View 16-20 May
Last week Nifty traded
in a range with bulls in control throughout the week except the last day of the week. Disappointing CPI
and IIP data caused some damage to ongoing positive sentiments. Global markets
too were under pressure.
Let's try to understand how to trade Nifty this week.
Technical
Overview: Last week Nifty made a high of 7916 and low of 7753 to close at 7815. That was a range of 163 points. We got opposite patterns on weekly and daily charts. A
'same open high' candle on Friday on daily chart suggesting bearish sentiments. At the same time nothing seem
to be wrong with weekly chart as it has formed a 'Bullish Harami' pattern
suggesting bulls in control. This setup suggest that though the markets can remain in pressure for one
or two trading sessions, finally they can move higher.
Supports are
near 7777 (becoming weak) and next one is at 7740
Resistance near 7940
is becoming weak now.
Nifty needs to move
beyond the band of 7750 and 7940 to give us a clear direction.
My
View: My view of Nifty being
in range has worked well. Still, Nifty could not come out of that range. The
range may continue for some more time. So far this is buy on dips market. Do not try to go short unless
we get clear indication. In times to come Nifty chart will break out of current
congestion zone. Considering the current
up-trend, lets expect it will break on higher side.
Chart enclosed below to show the levels.
Chart enclosed below to show the levels.
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Date: 22 May 2016, Sunday
Time: 11:00am to 1:00pm
Thursday, May 12, 2016
Nifty analysis for 12 May
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Nifty
Analysis for 12 May
Seemingly bulls want to take Nifty
beyinf 7900. However, some global and domestic factors not supportive to this
move making it take longer than desired.
Critical level formed on Nifty
level at 7892. If Nifty breaks this level, it’s a buy for target of 7940.
Support is at 7825, hopefully this
will not be broken. Buying can be done at this level.
If Nifty breaks below 7820, go
short for target of 7780.
Nifty 15 min Chart
Swing/positional
trades for the day:
Read this stock analysis – A
midcap software company – on the verge of range breakout
Recent
gainers recommended by us
SKS Micro Finance up 12% from buying price
Berger Paint up12% from buying
M&M Financial Services up 32% from buying price (Booked)
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Disclaimer: In the interest
of our readers and subscribers, recommendations are prepared abiding to our
highest standards & principles for providing advisory services.
Subscribers understand that trading is inherently risky and can incur
substantial losses. Bonvista Financial Planners or its promoters or its employees
own no responsibility of the consequences of profit or losses incurred by
acting on these recommendations. It is sole discretion of
trader/subscriber/reader/user of these services to trade recommendations at
his/her own risk
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Wednesday, May 11, 2016
Nifty Analysis for 11 May
Ammendments in India’s Tax treaty
with Mauritius is causing panic in markets. As a result, SGX Nifty is down by
almost 125 points. Indian Markets expected to open gap down.
This is how one can trade Nifty for
the day.
A volatile day may not allow Nifty
to be traded easily for the day.
Wait patiently for initial hours,
let the markes give us clear indication. If the volatility continues, avoid
trading for the day.
I expect gap down to be in the
range of 7777-7718. This is a large Demand area on Nifty. Opening in this
area can see some buying by the bulls.
If you are aggressive trader – buy
Nifty on gap down near zone as mentioned above for target of 7815.
Nifty 15 min Chart
 
Swing/positional
trades for the day:
Read this stock analysis – A
midcap software company – on the verge of range breakout
Recent
gainers recommended by us
SKS Micro Finance up 12% from buying price
Berger Paint up12% from buying
M&M Financial Services up 32% from buying price (Booked)
|
Premium Product
Prime Cash
A Model Portfolio
Plans: Half Yrly – Rs 5900/- and Yrly- Rs 9900/-
Objective of this portfolio is to earn yearly gains of 36%
to 48%
Features
PRIME CASH PORTFOLIO:
Concentrated Product,
focused approach
Keep it simple. Follow
the framework
Long only, wealth
creation portfolio
31% returns in last
Financial Year though the market was falling
Trade with a portfolio
approach- trade all the calls
We shall guide on position
sizing time to time
Unique On-line Trading
Advisory System maintains all the recommendations.
Login ID and Password
will be provided to subscribers
No need to watch markets
during the day
No action to be taken
during the day. All buy/sell at the start of the day
Spare only 10 mins for
the day
Very low risk as no
F&O calls in this portfolio
|
Disclaimer: In the interest
of our readers and subscribers, recommendations are prepared abiding to our
highest standards & principles for providing advisory services.
Subscribers understand that trading is inherently risky and can incur
substantial losses. Bonvista Financial Planners or its promoters or its
employees own no responsibility of the consequences of profit or losses
incurred by acting on these recommendations. It is sole discretion of
trader/subscriber/reader/user of these services to trade recommendations at
his/her own risk
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