Market: Direction change Or short Covering!!!

Dear All,

As per yesterday's prediction, market moves up from the levels 5444 to 5540 levels (Nifty Future). Looking at Nifty's chart, today market have made Key Reversal Pattern at Bottom. As per the bullish pattern, today market will open on Positive note, it will go down rapidly, after that it will gradually move up and will close at positive note at around the levels of 5610 - 30. 

This will be supported by various indicators also, and Nifty Option data also. Compare to 5400PE's open interest, 5500CE' open interest is more. 

We can conclude that market bottoms up, but fear is there if it closes below 5466.

Intraday Stocks:

1. ABB: Long Position, Bullish Engulf
2. CanBk: Long Position, Bullish Engulf
3. Cromp greaves: Long Position, Bullish Piercing
4. HDIL: Long Position, Risky Trade
5. IVRCL Infra: Long Position, Spinning top
6. Unitech: Long, Risky Trade

F & O Stocks:

1. Apollo tyres: call option buy 50,52.5, 55
2. BPCL: Short Position, risky trade
3. DLF: Long Position, call option buy 220, 230, 250
4. Dr. Reddy: Long Position, Western pattern
5. IFCI: Call option buy 55,60
6. JSW Steel: Long Position, Hammer at bottom
7. Maruti: Long Position, key reversal pattern at bottom

Delivery Stocks:

No stock

Sincerely,

Mrs. Anagha A. Bhave
[Technical Analyst]

 
Aabhineesh Total Solutions.1st Floor, Gajanan Krupa Apt,
Sadashiv Peth, Near Nagnath Par,
Pune 411030.
94 202 14 800

Where Nifty Will Go??

Hi All,

After a long time, was busy in software testing, which we are going to launch on coming 5th Feb 2011!!

 

Nifty is making new low with high, does that it is a down trend? Let us watch out the chart, nifty made Head and shoulder pattern with a target of 5124!

So, market will come down to these levels if it breaks today's crucial trendline support of 5508. If market opens below this level today and open high values same, then market is bearish!

But if it opens above this level then market is still safe and will come up gradually, but if it closes below 5508 levels then market definitely go to the level of 5124.

 

Today market will open on positive note, and gradually it will come up with a target of 5600 and can go down upto 5444.

 

Intraday Stocks:

1. Andhra Bank: Long Position, Bullish Engulf.
2. Blue Star Ltd: Long Position, Risky Trade
3. DLF: Long Position, Risky Trade
4. IVRCL Infra: Long Position, Risky Trade
5. JSW Steel: Long Position, Risky Trade
6. Orient Bank: Long Position, Risky Trade
7. Unitech: Long Position, Risky Trade

F & O Stocks:

1. Adani Power: Short Position, Bearish Kicker
2. Bhartiartl: Long Position, Spinning Top
3. IT Index: Long Position, Risky Trade
4. Hindustan uniliver: Long Position, Spinning top

Delivery Stocks:

No Stock.

 

If you have any problem please get in touch with me.

 

Sincerely,

Mrs. Anagha A. Bhave
[Technical Analyst]http://niftyweeklyoverview.blogspot.com/

Aabhineesh Total Solutions.1st Floor, Gajanan Krupa Apt,
Sadashiv Peth, Near Nagnath Par,
Pune 411030.
99 22 94 44 34

Bullish Kicker For Nifty!!

Dear All,

 

Nifty has made Bullish Kicker in the market, which is a trend reversal signal bullish, that means market has taken U turn!! Yesterday I predicted if market sustains above 5690 levels then it is good for the market. And yesterday it happened! Today market may come down up to 5690 - 5700 levels but it will grow up gradually and will close in the range near to 5770 - 5800.

Again traders will gain more today, as there will be 150 points total move for the Nifty.

 

Nifty Support: 5700 - 5671 - 5624 

Nifty Resist: 5752 - 5833 - 5850

 

Intraday Stocks:

1. Glenmark Ph: Long Position, Risky trade
2. Axis Bank: Long Position, Bullish Kicker
3. Bajaj Fin: Long Position, Bullish Kicker
4. Ing Vyasa: Long Position, Morning star
5. KPIT Cummins: Long Position, Flag breakout

F & O Stocks:

1. Bajaj Auto: Long Position, Bullish Kicker
2. Bank Nifty: Long Position, Morning Star
3. Bhushan Steel: Long Position, Bullish Kicker
4. GVK Power: Long Position, Risky Trade
5. LT: Long Position, Risky Trade
6. Sail: Long Position,
7. TATASteel: Long Position, Bullish Kicker
8. Zeel: Short Position, Bearish Engulf

Delivery Stocks:

No Stocks

 

If you have any query please get in touch with me.

 

Sincerely,

Mrs. Anagha A. Bhave
[Technical Analyst] 

Aabhineesh Total Solutions.1st Floor, Gajanan Krupa Apt,
Sadashiv Peth, Near Nagnath Par,
Pune 411030.
anagha@aabhineeshsolutions.com

94 202 14 800

Trend Reversal Sign: Bull Run or ????

Dear All,

 

Nifty is in full swing mood, like, from last few days it was bearish, Today it has given atleast good uptrend breakout, that is spinning top at bottom for candlestick and double bottom for price pattern, we can conclude that market will move up in 2/3 days. Considering weekly chart, market is bearish, that means market is going to come down on coming friday, as it has given H & S breakout which is most important, but the fact is their is a major support for market at 5598 and 5398 levels, so that changes are more about failure of the pattern.

 

Nifty Support: 5624 - 5608 - 5567

Nifty Resist: 5696 - 5752 - 5833

 

Intraday Stocks:

1. Indian Met: Short Position, Bearish Kicker
2. Reliance Infra: Long Position, Risky Trade
3. Jaiprakash: Long Position, Risky Trade
4. BOC: Long Position, Bullish Piercing
5. Gitanjali GE: Long Position, Trend line breakout
6. PSL Ltd: Long Position, Bullish Engulf

Wow, yesterday i given call for shreeashta vinayak cine, and Tata tea, and zeel all of them work like anything.............Congratulations!!!

 

F & O Stocks:

1. CNXIT: Long Position, Bullish Kicker
2. Infosys: Long Position, Bullish Kicker
3. SBIN: Long Position, Spinning top at bottom
4. Tatasteel: Long Position, buy 620 call option, 640 call option

Delivery Stocks:

No Stocks

 

Sincerely,

Mrs. Anagha A. Bhave
[Technical Analyst]http://niftyweeklyoverview.blogspot.com/

Aabhineesh Total Solutions.1st Floor, Gajanan Krupa Apt,
Sadashiv Peth, Near Nagnath Par,
Pune 411030.
94 202 14 800

Is it Really a Bull Run!! OR........... Short Covering???

Dear All,

 

After long time writing a blog, as market direction was not clear, how much it will go down, support was there at the level of 5690, but, really speaking, this down side move was not at all predicted by anybody, yes, support was there, trend line support, but i am not comfortable with trend line support! Once it closes above 5950 level, then only we will say yes target of 6200 will get achieve! This is because, as i mentioned in last week blog also Put Option open interest is High, and Call option open interest is decreasing for nifty and for Stocks also. 

 

People are scared, due to this dip in the market, which was happened at the level of 4865 a year back. Same situation was there. But if we keep option open interest separately, then, Chart is showing Bullish Kicker candlestick Pattern, so lets keep watch on 5950 close, if it closes above this level, then Bull Run!! So, watch out the levels.

  

Nifty Support: 5800 - 5711 - 5690

Nifty Resist: 5901 - 5967 - 6030

 

Intraday Stocks:

1. Grasim: Long Position, Bullish Kicker  
2. Guj NRE Coke: Long Position, Bullish Kicker
3. JSW Steel: Long Position, Bullish Kicker, Double Bottom  
4. Opto Circuit: Long Position, Bullish Kicker, Double Bottom
5. Orchid Chem: Long Position, Bullish Kicker
6. Praj Ind: Long Position, Flag Pattern Breakout
7. Sterlite: Long Position, Bullish Kicker
8. Titan: Long Position, Bullish Kicker  
9. VIX: Short Position, Bearish Kicker

F & O Stocks:

1. Ashokley: Call Option buy 60, 65, 70  
2. CanBk: Long Position, Risky Trade
3. Cipla: Long Position, Risky Trade
4. ICICI Bank: Call Option Buy 1050, 1100, 1150
5. IFCI: call option buy 60, 65, 70
6. IDFC: Call option buy 165, 170
7. ISPAT: call option 25, 27.5
8. SBIN: call option 2700, 2800, Try Out of the money counter also, 3100! 
9. Tatamotors: call option 1200, 1250, 1300 buy
10. Unitech: Call option buy 55, 60, 65
11. Suzlon: 50, 55, 60, 65 call option Buy 

Delivery Stocks:

1. Balaji Tele: Short Term Hold, Double Bottom
2. Dhanalakshmi Bnk: Medium Term Hold, Double Bottom
3. JSW Steel: Medium Term Hold, Double Bottom
4. Opto Circuit: Short Term Hold, Double Bottom
5. Unitech: Medium Term Hold, Double Bottom
6. Alok Text: Short Term Hold, Double Bottom

Sincerely,

Mrs. Anagha A. Bhave
[Technical Analyst]

Aabhineesh Total Solutions.1st Floor, Gajanan Krupa Apt,
Sadashiv Peth, Near Nagnath Par,
Pune 411030.
94 202 14 800

Traders: Enjoy!!

Dear All,

Bulls and Bears both are activated, and the great race is going on between both of them. Last to last week bulls was at front side, and last week bear was at front side, now who will win the battle of this tough war?

Let us study the chart in deep, right now market is making double bottom at the level of 5883, but if market closes below 5860 then bear will win the battle, but above this level, market will be at a trend line support @ the level of 5860, above this levels market is still bullish, so, keep a eye on closing rates.

Considering last week's rapid fall in the market, market will go up in next 5 sessions, according to chart, on coming 2/3 days, market may come at the level of 5860, but it will not sustain over there, and will come up with a high volume. Most of the clients ask me, why market is falling? I told them, market is falling because it wants to go up!! :)

Today market will give us atleast 70 points upside rally.

Nifty Support: 5983 - 5855 - 5795

Nifty Resist: 5967 - 6030 - 6051

Intraday Stocks:

1. PVP Venture: Long Position, Bullish Engulf
2. Aftek Ltd: Short Position, Bearish Engulf
3. Ashok Ley: Long Position, Risky Trade
4. Inox: Short Position, Evening Star
5. JSW Steel: Long Position, Risky Trade

F & O Stocks:

1. Alok Text: Long Position, Risky Trade
2. Bajaj Auto: Long Position, Risky Trade
3. BankBaroda: Long Position, Key Reversal Pattern at Bottom
4. Gail: Short Position, Bearish Kicker
5. GVK Power: Short Position, Bearish Kicker
6. Hero Honda: Long Position, Double Bottom
7. ICICIBank: Call option buy 1050, 1100, 1150
8. IFCI: Call Option Buy 60, 65, 70
9. Indiabulls Real: Long Position, Risky trade
10. Infosys Tech: Put Option Buy 3400, 3300
11. IDFC: Long Position, Key Reversal Pattern at Bottom
12. LT: Long Posiiton, Risky Trade, call option buy 1950, 2000, 2050
13. Praj Ind: Long Position, Key Reversal Pattern
14. REC Ltd: Long Position, Key Reversal Pattern
15. Sesa Goa: Short Position, Evening Star
16. SBIN: Long Position, Risky Trade
17. TataMotors: Long Position, Risky Trade, Call option buy 1200, 1250, 1300

Delivery Stocks:

No Stocks.

Sincerely,

Mrs. Anagha A. Bhave
[Technical Analyst]http://niftyweeklyoverview.blogspot.com/

Aabhineesh Total Solutions.1st Floor, Gajanan Krupa Apt,
Sadashiv Peth, Near Nagnath Par,
Pune 411030.
94 202 14 800

Is the market in a bearish Mode?

Dear All,

 

Yesterday market was very dicey, it opens on positive note, and then it fall down rapidly. Again it touched the opening levels, again went down. Total move for the market was 150 points. 

 

What was  the reason? Reason is only traders wants to make money, and it happened, today also market will remain dicey, and traders will make the profit, if you remain stock specific market will give you a good gains, but be careful while trading with Nifty and Bank Nifty any time it will change its direction!

SCI and Hero Honda, Titan, Bosch, SBIN, Hexaware, Infosys will provide you a profitable trade!!! These stocks will move in one direction with either up move or down move, so watch out our intraday Strategy..   

  

Nifty Supports: 6124 - 6101 - 6062

Nifty Resist: 6181 - 6200 - 6234

 

Intraday Stocks:

1. Dewan H Fin: Short Position, Bearish Kicker
2. Advanta: Long Position, Double Bottom

F & O Stocks:

1. 3i Infotech: Short Position, Key Reversal Pattern at top
2. ALBK: Short Position, Bearish Engulf
3. AndhraBank: Short Position, Down Flag breakout
4. Bajaj Auto: Long Position, Risky Trade
5. Bank Nifty: Short Position, Bearish Kicker
6. Bhartiartl: Short Position, Bearish Kicker
7. Hexaware Tech: Short Position, Key Reversal Pattern at top
8. SCI: Long Position, Double Bottom
9. Titan: Short Position, Key Reversal Position at top

Delivery Stocks:

No Stocks

 

Sincerely,

Mrs. Anagha A. Bhave
[Technical Analyst]http://niftyweeklyoverview.blogspot.com/

Aabhineesh Total Solutions.1st Floor, Gajanan Krupa Apt,
Sadashiv Peth, Near Nagnath Par,
Pune 411030.
94 202 14 800

Traders: Khul Ja Sim Sim!!!

Dear All,

Tomorrow, market can move in any of the direction, if it sustains above 6144 levels, then definitely market will reach at 6284 levels this week, but if it remains below 6144 and closes below 6134, then definitely, market will come down up to 5950 levels for intra-day at-least, that is the major support for market, if we look at last few days volume, it is very less, so we can say, people were in holiday mood, but from tomorrow onwards, all bulls and bears also will activate their moves, and market will give us various surprises also.

Traders will get huge money like they got in the beginning of December. Investor should watch the levels mentioned above, and stay invested with trailing stop-loss.

Nifty Support: 6103 - 6063 - 6019

Nifty Resist: 6175 - 6200 - 6234 - 6284

Intraday Stocks:

1. AlokText: Long Position, Flag pattern breakout
2. Arvind Mills: Long Position, Flag Pattern breakout
3. Bajaj Auto: Long Position, Moving average breakout
4. Ballarpur Ind: Long Position, Flag Breakout
5. EKC: Long Position, Flag Pattern breakout
6. Indiabulls real: Long Position, Bullish Kicker
7. JSW Energy: Long Position, bullish kicker
8. Mindtree: Long Position, Bullish Engulf
9. Vijaya Bank: Long Position, moving average breakout, up flag breakout
10. Hind Copper: Short Position, Bearish Kicker

F & O Stocks:

1. Ashok Ley: Call option buy 65, 70
2. Bank India: Long Position, flag breakout
3. Canbk: Long Position, Bullish Kicker
4. GMDC: Short Position, Key Reversal pattern at top
5. Hotel Leela: Long Position, Call option buy 50
6. ICICI: Call option buy 1150, 1200
7. IDBI: Call option buy 160, 170
8. IFCI: Call option buy 65, 70
9. Relcapital: Long Position, trend line breakout
10. SCI: Long Position, Risky trade
11. SBIN: Long position, trend line breakout, call option 2800, 2900
12. TCS: Short Position, Key reversal position at top
13. TTML: Long position, call option 20, 25
14. Unitech: Long Position, call option 70
15. Vijaya Bank: Long Position, Call option 100, 110, 105
16. Welspun cor: Long Position, risky trade

Delivery Stocks:

No Stocks

Sincerely,

Mrs. Anagha A. Bhave
[Technical Analyst]http://niftyweeklyoverview.blogspot.com/

Aabhineesh Total Solutions.1st Floor, Gajanan Krupa Apt,
Sadashiv Peth, Near Nagnath Par,
Pune 411030.
94 202 14 800