Trade with Ajeet Singh

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Nifty Technical Story

The Stock Market is Beautiful!
 The market is a place where money is made when points of view differ. The market speaks to us in the universal language of numbers. These numbers represent price action (plotted on the y - axis) which when measured over time (plotted on the x - axis) forms a 2-dimensional chart.
 Repeated plotting of thousands of securities across multiple indices across geographies over a considerable period of time has shown familiar patterns which confirms that people tend to react the same way in a situation and that the human behavioural trend, which in the Stock Market is represented through price action, can be predicted. This fact attracts people who believe they are behavioural psychologists, philosophers, statisticians, mathematicians, artists, speculators or a bit of all to analyse these behavioural trends and to form a point of view.
 Technical analysts tend to use certain tools such indicators, oscillators and/or chart overlays to gauge the market better. These indicators could range from simple moving averages to complex calculations to determine the strength of a trend. While many such indicators exist - let me give you an example of one such indicator  "The Coppock Curve".
 The Coppock Curve is a commonly used Technical Indicator, developed by Edwin Coppock, which is used to determine a buy signal on fundamentally up-trending securities. This indicator draws inputs by analysing behaviour after a fall over a 11 and a 14 month period WMA and ROC.
 Question : Why only the 11 and 14 period and not say 15-19 period?
Answer :  Coppock based his premise per inputs of an Episcopal priest who studied that the average period of mourning when grieving the loss of a loved one is usually between 11-14 periods (months).
 Question : So how did he develop and use this input ?
Answer : It seemed that Mr. Coppock first identified an uptrending stock with good fundamentals which in the recent 11-14 periods has shown a major correction.
Note : Correction is a fancy word to say that someone in the market is losing serious money
Step 1 - Coppock considered the sentiment associated with loss of money akin to grieving over a loved one and then proceeded to analyse the security price pattern during this period of mourning
Step 2 - He analysed how the underlying security behaved after recovering from this loss (after the 14 month period)
Step 3 - He then proceeded towards analysing this behaviour for multiple securities to determine a trend or a pattern
Step 4 - He then mathematically represented this recovery behaviour
Step 5 - He then plotted his calculations on a graph which later, in a bid to go down in history, he named it as "The Coppock Curve".
Step 6 - Implementation!
Mr. Coppock then finally proceeded to buy securities whose behaviours were consistent with his analysis - made money - and now other traders use this input.
Question : So how do we benefit from Mr. Coppock`s research while analysing our favourite Index (:P) - The Indian National Stock Exchange (NSE/Nifty)
Answer : To understand this let us consider Nifty's historical movement.
 Nifty experienced a serious fall in Jan 2008 - where it fell from an awesome value of 6300 points and reduced to a third of its value (1x/3) hitting rock bottom at 2252 in Nov 2008 (11 months - Remember the conversation between Mr. Coppock and the priest on the subject of mourning).
Question : What happened after that?
Answer :  After this crushing fall Nifty stabilized and showed first signs of bullish behaviour in March/April 2009 (14 months after the devastating fall began in Jan 2008 - Again remember Mr. Coppock :P) and made a full recovery hitting 6300, a growth of 3x in valuation in 11 months i.e. Jan-Feb 2010 (Mr. Coppock is dominating now!! )
Question : OK - So what happened after that?
Answer : Remember the saying Resistance? - Its another concept (an important one) - but it basically means that sellers get super pumped around this value and usually it is equal to the previous high (there are precise formulas and theory around this - but more on that may be sometime later).
Now, as expected, there was serious resistance in Jan 2008 at 6300 and since this resistance was not broken therefore at this point it continues to remain intact. After hitting a high of 6300 Nifty then repeated its tendency to fall back again from this value but this time it could not reach 2250 - instead stopped at 4530! falling to 2x/3 and in the process formed a significant higher low (Remember pivot theory they taught you in school? if not then go to baby pips website to learn) 
Trivia :  Can you guess how many months after testing the 6300 top did Nifty reach this new bottom value? 
Answer : If you guessed 11 months i.e. Jan 2011 then you nailed it!!  (Clearly Mr. Coppocks is now on a God Like streak now!! :P)
OK now this low of 4350 also coincided with 50% Fibonacci Retracement Value.
Note : The above example shows that Nifty in the past has previously shown a tendency to correct till 50% Fib retracement value.
Question : What is this Fibonacci Retracement?
Answer : Fibonacci was a mad scientist and a super genius. More on him and how to calculate his values may be sometime later, but just remember this 50% Retracement Value bit for now.
Question : So far Mr. Coppock Values have held good - but what happened after the market reached a new low on Jan 2011?
Answer : Market went ahead and retested the 6300 levels and fell again - but this time only to 5119! in Aug 2013  in the process forming a new higher low. These lows of 2250 - 4530 - 5119 when factored in with time form a trend line (a different concept which was discovered even before Mr. Coppock was potentially born) and this formation is surely sending shivers in the bear camp who will now be forced to atleast give potential market recovery atleast some consideration.
Now despite consistently forming higher lows Nifty so far has not yet been able to cross the 6300 barrier strongly.
Trivia : Any guesses at which values all the bears in the market will come to short Nifty again?
Answer :6300!! If you guessed this then you have just understood what resistance means!
Now if you were a follower of the market back then you will be expecting a serious blood bath fight between the bulls and the bears at the 6300 value and hence the obvious questions during this time were will bears triumph again? or will bulls slap them the Rajni/Chuck style? No one really knows whats going to happen now - but the one thing is sure who ever wins is going to dominate!!
The answer was realized by Jan/Feb 2013 - when talks of a business favourable election result began to surface - this was all the incentive the bulls needed who then owned the bears and thus began one of the most powerful bull rallies India has seen! Our favourite index rallied 50% in the next year and rest as they say is history and 14 months after the bloody fight between the bulls and the bears was over -  after a well fought battle for over half a decade - the bulls were victorious after a street brawl which lasted for almost 4 months during the period and Nifty finally formed a Higher Top at 9119! in March 2015 an all time high.
 Remember Fib 50% retracement level we spoke about earlier - this value is now coinciding with approx 7000 - 7100 Nifty levels.
 Sum and Substance of all this : 
The Fib 50% retracement was the previous major support back in Jan 2011 - and this time corresponds to 7000 - (low of 5119 to a high of 9119). Now if we are to believe Mr. Coppock and the 11-14 period principle then this from March 2015 high terminates in Feb 2016 - April/May 2016.

So this understanding now creates certain targets for Nifty :
1. Nifty likely to test lows of 7000 by Jan-Feb 2016 therfore be bearish atleast till then. Gradually shift bias towards the 14 month period
2. The bull run is intact at these values (Elliot Wave confirmation - another crazy concept - sometime later maybe) and based on that premise we must go long on Nifty at those values
3. Expect a positive breakout by April 2016 - Invest heavily in Mutual Funds at this time
4. Remember 6300? the previous major resistance - this is now the most critical support value for Nifty, therefore if you enter at 7000 levels then keep a SL of 6100-6300 approximate 10-12% risk and invest accordingly.
Exit the market if Nifty falls below this value. Shift all - and I mean all funds in secured instruments not in equity.
5. Expect the next major fight in March/April 2017 at the 9119 value ( Nifty will meet the inverted head and shoulders target at this point - separate concept) 
6. If Nifty breaks the 9119 value by March 2017 expect Indian traders going long on the market getting seriously richer for the next few years
7. Remember anything is possible therefore trade/invest with technique because only the Market knows the future and the Market is always correct. Nothing ever is a carving on stone. 
 Please note :
This article only summarizes my general view on the market move. To make money I will continue to analyse daily trends which will be bullish and bearish from time to time depending on my time frame for trading
 The market is all about timing and to time my entries and exit better I use many many more parameters for my analysis. This blog is aimed at timing your mutual fund entry better, and in case the readers are already long on Mutual Fund then maximum capital entry is recommended at the 7000 Nifty Level.
 The blog aims to give the readers a general perspective of the potential market direction, for more precise action continue following my blogs to factor in daily and weekly trade positions. Therefore please dont go and short Nifty on Monday - lol - as the short term trend is still up - I have long positions carried forward for Monday.
 Conclusion :
I will conclude now hoping that the readers are better informed about the market. Remember security is everything and do not underestimate the importance of Retirement funds or long term maturity plans like PPF or the Gold Bonds (if you are Indian) in creating significant wealth over a long term. Also this is an analysis of the Nifty 50 alone - the details of midcap and other sectoral indices BNF, CNX Auto,Pharma,IT etc will be significantly different therefore please keep that in mind.
 Anyways looking forward to your continued love and support.
 With warmest regards on this festive season.
Still Bullish
 We have been in long position since 10.12.15. I would encourage the readers to visit my previous post titled "Bears Beware" posted during end of Dec 2nd Week. In that post I listed my position for this wave trade as 6 Lots 7900 CE bought at an average price of 23.6 with a SL of 14.15 and targets at Nifty close at 7670 - 7760 - 7835 - 7921 and today these options are officially In The Money :). Capital invested was approx 150 points with approx 60 points risk in position.
 During the subsequent trading session we have sold 5/6 lots at 30,45,55,35,35 recovering 200 points from the position i.e. 33% profit booked so far. We still carry 1 lot. My position confirms my view that the market is still bullish on the short term.   
 Today Nifty has closed strongly above its Monthly Pivot - 7921.
 RSI has just given a break out on the daily and the day recorded almost highest volumes in a relatively low volume trading week. 
 Stochastics on weekly has given a bullish cross.
  With volume play it is safe to assume that there is definitely some buying momentum behind Nifty given that on days of slightly higher volume the Market is still trending up.
 The next real battle between bulls and bears likely on or near the 7979 values which was the Low Top Nifty formed earlier and break of this value confirms Nifty on short term bullish trend by Pivot theory. Looks like Nifty could form a top around these values for the week. 
 So the question for the week trading is :
Q. Will Nifty form a new high top by breach of the previous high of 7979
Q. Nifty traded for almost a week in a 100-150 point range of 7850 - 7730. Will a break out from this range start a mid term bullish trend also? 
Q. Which pattern is Nifty going to play? Double top with 8350 and low of 7550? or a break out of an inverted head and shoulders? 
 And many more questions. Different traders different views.
 So while it is clear there are several near and midterm resistances well in sight and that there will always be bulls with doubts about the strength of the trend given that Nifty has moved up almost 350 points since Dec 2nd week (after the post "Bears Beware") - Still one can maintain that it is just simpler and safer to be with the bulls at the moment. Nifty so far has not shown any signs of reversal - So stay calm and enjoy the wave.  
 Carry Forward :
1 Lot 7900 CE @ 23.6. SL 7797.18 (or 14.15) (SAR Value for current trade
 Trade Plan :
There are days to work - days to play and days to rest. This week we Rest. 
Trade light - dont sell dont add as expiry of options near and premiums wont fetch value. 
Volumes have been super low. 
Nothing favouring trading at the moment. Only play on Nifty downside but reversal sign yet. 
Only to look to exit out of the current long position gracefully (:P) in a day or so.
 Hope the input here will help the readers plan there Nifty trades for tomorrow.
First Sign of Reversal
Premise : Candle stick 
The day end candlestick has formed a near doji - and doji`s are deadly at picking market tops after a confirmation. 
What could be the confirmations tomorrow
A red candle stick. Or more specifically the following red candlesticks : 
1. Gap up shooting star 2. Gap up gravestone doji 3. Gravestone doji or a Rickshaw Man 4. Gap up doji or 
5. Another doji              6. Hanging man                7. Shooting star 
Any one of the candle sticks listed above seems to happen and I will strongly consider adding short positions as early as tomorrow by 2 pm. 

My thoughts...
Evening Star Configuration: Look for a tall white candle in an upward price trend. Following that, a small bodied candle of any color should gap above the bodies of the two adjacent candles (ignore the shadows). The last day is a tall black candle that opens below the prior candle, and closes at least midway down the body of the first day (following Bulkowski...)
If Nifty opens below 7929 and closes red...this is valid! Opening above 7929; no, no to this!
Tomorrow we get a confirmation! Now DOW is 200+

"Look for a tall white candle" - The CS on 28.12.15 qualifies.
If a gap up doji happened despite yesterdays close it could still lay the foundations of a evening star pattern. To support my argument I would recommend you having a look at the Nifty CS on the following dates : 
10.11.15 - Big red CS 
11.11.15 - Dhanteras and super low volumes 
12.11.15 - Holiday
13.11.15 - Doji
14.11.15 - Big green CS 
Now this is not a perfect morning start - since by definition the market did not gap down on the 13.11.15 - but still very similar. To consider this as a potential reversal sign is subjective and I agree this is not strict theory, but it still works! Dojis gain alot more significance in a market where its occurence is not very high. 
 "an upward price trend" - A very very critical point. The trend from 11.12.15 to date qualifies
"ignore the shadows" - This will be specifically ONLY in case of looking for a evening/morning star pattern. Shadows in case of rickshaw man or a long legged doji are super critical. They indicate that the market is confused and has temporarily lost its sense of direction. 
"The last day is a tall black candle that opens below the prior candle, and closes at least midway down the body of the first day" - Yes, this is correct. But this is ONLY anticipating/defining a evening star pattern. 
I would recommend you have a look at what did Nifty do the last time it was approaching 7980 the last week of November. The reversal was caught by the doji - doji - without the star patterns. 
Security Call or Put is a function of your understanding of the direction - The lot sizing or position is a function of your confidence.  A star pattern simply raises my confidence to such an extent that I will go in aggressively - i.e. if I normally trade with 1 lot I might increase lot size to almost 90% of my capital.
Courtesy: SAHIL

Reliance 30 Dec 2015



This is Reliance 3 months chart.
Stock is facing Strong resistance @ around 1030
if it crosses 1030 and closes above this level then we'll See a rally upto next resistances of 1055 & 1070
It has supports at 1000 & 984
but below 984, there will be selling pressure




"Quotes" that inspire to take risk.

Life is a risk.
-Diane Von Furstenberg
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If you don't risk anything you risk even more.
-Erica Jong
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First weigh the considerations, then take the risks.
-Helmuth von Moltke (1800 - 1891)
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Great deeds are usually wrought at great risks.
-Herodotus (484 BC - 430 BC), The Histories of Herodotus
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If you're never scared or embarrassed or hurt, it means you never take any chances.
-Julia Sorel
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It seems to me that people have vast potential. Most people can do extraordinary things if they have the confidence or take the risks. Yet most people don't. They sit in front of the telly and treat life as if it goes on forever.
-Philip Adams
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Our lives improve only when we take chances - and the first and most difficult risk we can take is to be honest with ourselves.
-Walter Anderson
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What you risk reveals what you value.
-Jeanette Winterson
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And the day came when the risk to remain tight in a bud was more painful than the risk it took to blossom.
-Anais Nin (1903 - 1977)
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Unless you try to do something beyond what you have already mastered, you will never grow.
Ronald. E. Osborn
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Vision is not enough, it must be combined with venture. It is not enough to stare up the steps, we must step up the stairs.
Vaclav Havel
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We cannot swing up on a rope that is attached only to our own belt.
William Ernest Hocking
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We won't even attempt to achieve what we do not believe at a deep level we can have or deserve.
Ruth Ross
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What you have to do and the way you have to do it is incredibly simple. Whether you are willing to do it is another matter.
Peter F. Drucker
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When written in Chinese the word crisis is composed to two characters. One represents danger, and the other represents opportunity.
John F. Kennedy
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The greatest glory in living lies not in never falling, but in rising every time we fall.
Nelson Mandela
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The man who can drive himself further once the effort gets painful is the man who will win.
Roger Bannister
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The man who does things makes many mistakes, but he never makes the biggest mistake of all - doing nothing.
Benjamin Franklin
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The man who makes no mistakes does not usually make anything.
Bishop W. C. Magee
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The more you seek security, the less of it you have. But the more you seek opportunity, the more likely it is that you will achieve the security that you desire.
Brian Tracy
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The person who goes farthest is generally the one who is willing to do and dare. The sure-thing boat never gets far from shore.
Dale Carnegie
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The results you achieve will be in direct proportion to the effort you apply.
Denis Waitley
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The reward of a thing well done is to have done it.
Ralph Waldo Emerson
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Never measure the height of a mountain until you have reached the top. Then you will see how low it was.
Dag Hammarskjold
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Never mistake activity for achievement.
John Wooden
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Nothing splendid has ever been achieved except by those who dared believe that something inside them was superior to circumstance.
Bruce Barton
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Often the difference between a successful person and a failure is not one has better abilities or ideas, but the courage that one has to bet on one's ideas, to take a calculated risk - and to act.
Maxwell Maltz
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One that would have the fruit must climb the tree.
Thomas Fuller

Courtesy: Jagmohan

What a Difference?

Some say : "Oh God! It is falling!

Others say : "Thank God! It is now available for less!"

=============================================

Some say : "It is very risky opportunity"

Others say : "It is risky, that is why it is an opportunity"

=============================================

Some say : "I feel terrible at 7000 Sensex."

Others say : "How would I feel when it get backs to 21000 in a few months!!!"

=============================================

Some say : "Everybody is selling"

Others say : "If everybody is selling, then who is buying from them & why!!!"

=============================================

Some say : "Hurrey! I've got the profit!"

Others say : "Hurrey! My method has profited!"

=============================================

Some say : "God! Help me!"

Others say : "God! Help me help myself!"

=============================================

Some say : "Will I be successful in trading?"

Others say : "When and how will I be successful?"

=============================================

Some say : "What is the market going to do now?"

Others say : "What will I do if the market does this and what will i do if the market does that?
"

=============================================

The difference is in the language!

What a difference!!!

Courtesy: Jagmohan

Exhausted RSI

Watch the rsi of falling stock/nifty
If it rebounds from above 30, ignore!
If it rebounds from below 30, sit up and watch carefully!
If the price continues to fall, rsi continues to repeatedly (2-4 times) bang its head in the very low rsi wall (say 30 to 5) and never rising more than 55-60 in-between,
get ready, your prey is in front of you!!
And when the stock or nifty has fallen "a lot", rsi has exhausted falling down and is starting to move up while price is still down, pounce!!!

You have just entered a trade in which the odds are highly favourable to you and the stock is extremely oversold in the given time frame.
Then hold till the base line becomes horizontal.
For weak hearts, hold till rsi crossess 80.
For Day Trading take rsi 14/2min
For Swing (1-3 months) trading take rsi 14/1d
U can verify the trade by ema 34/8 in swing trading and ema 10/50 in day trading (just to amuse urself, otherwise verification is not required).
Similarly, reverse is true for the up moves.
Cautions :
1) Don't carry forward day trading.
2) If u don't get the exact signal as above, don't trade.

For BTST
BTST (Buy Today Sell Tomorrow)
STBT (Sell Today Buy Tomorrow)
BTST any good stock near closing if
1) it has exahusted near lower rsi wall (30-0) in the last few hours, or
2) it has just given a charge towards upper rsi wall (70-100) (preferably after exhausting near lower rsi wall)
3) it has remained by and large within 35-65 range for the entire day after remaining near high rsi wall the previous day (meaning it is in strong uptrend and is refusing to go down before another charge up)
----------------------------------
STBT any good stock near closing if

1) it has exahusted near upper rsi wall in the last few hours, or
2) it has just given a charge towards lower rsi wall (preferably after exhausting near upper rsi wall)
3) it has remained by and large within 35-65 range for the entire day after remaining near lower rsi wall the previous day (meaning it is in strong downtrend and is refusing to go up before another charge down)
----------------------------------
RSI is said to have exhausted if it has banged its head against the upper or lower wall a few times while the price was clearly trending.
----------------------------------
The same applies to nifty futures as well.
Also, obviously, only stock futures should be taken for btst or stbt for cost considerations.
The stock or nifty is likely to give you handsome profit in the morning. Due to global pressures, if the stock chosen as per above rules behaves adversely, it is most likely to rebound.
*******************************************
If short term trend is up,

BUY when rsi 14/30min

on 1 month chart

goes below 30.

wait for 2-4 days and see the magic.

book profit when rsi has exhausted in the overbought zone.

-------------------------------------

If short term trend is down,

BUY when rsi 14/30min

on 1 month chart

goes below 20 and exhausts.

wait for 2-4 days and see the magic.

book profit when rsi has exhausted in the overbought zone.

(if, during down trend u buy at rsi below 20 but without waiting for its exhaustion
book profit when rsi touches 60

because it is expected that price will fall after this brief relief rally, for rsi to exhaust.)

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Never short!

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Bite the size you can chew!

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By "exhaust", I mean the rsi bangs its head quite a few times in the 30-0 or 70-100 rsi wall while the price is falling falling and falling or rising rising rising.

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A) go to website (http://www.google.com/finance?q=NSE:.NSEI)
for stock pl search stock in the column before "Get Quotes"

B) click on '1m' inside graph window

C) click on "technicals" below graph window.

D) Click on "add technical"

E) Select RSI (14/30min will appear automatically), Select period as 14

F) You are ready!
*******************************
RSI Protocol
Among the various types of RSI charts, the seniority list is as below:-

14/1week on 2 year chart (General)

14/1day on 3-month chart (Brigadier)

14/30min on 1-month chart (Colonel)

14/2 min on intraday or 5-day chart (Captain)

To interpret the Captain's move, keep an eye on what the Colonel is doing.

To interpret the Colonel's move, keep an eye on what the Brigadier is doing.

To interpret the Brigadier's move, keep an eye on what the General is doing.

If the junior's actions are ante to his superior expect the junior to be repremanded and forced to change his direction.

Don't take big positions on ante junior positions!

If the General is not tired on a trend-mission it is safe to assume that the Brigadier has not exhausted!

If the Brigadier is not tired on a trend-mission it is safe to assume that the Colonel has not exhausted!

If the Colonel is not tired on a trend-mission it is safe to assume that the Captain has not exhausted!

Therefore,

If junior's state-of-affairs is not ratified by any of his superiors, don't take any position.

If junior's state-of-affairs is ratified by his immediate superior only, take small to medium positions for short term.

If junior's state-of-affairs is ratified by all of his superior ranks, take larger positions for extended peiods of time.

This way, you will never make a wrong assessment of the ground situation.
*********************************************
Recently, it has been found that RSI can humble even the fox!!
RSI has double meaning to whatever it does
When it hits its head in the oversold or overbought wall
-it may mean it is indeed "over" sold or bought
-it may mean "ye to sirf shuruaat hai, aage aage dekhiye hota hai kya"!
When it retreats back after hitting the oversold or overbought wall
-it may mean price is going to correct
-it may mean the rsi is making room for itself to hit again harder!
When the rsi is not moving at all
-it may mean the price has paused
-it may mean that the price trend is losing the steam!
When the rsi is horizontal and price is not
-it may indicate rise in price if rsi is in the lower band
-it may indicate consolidation or fall in price if rsi is in the upper band
When the rsi is parallel to the price line
-it may indicate trend reversal if both are horizontal
-it may indicate trend strengthen if both are rising or both are falling
beware of the fox in the trading jungle
the RSI!
It knows a lot but is foxy in revealing!!!
******************************************
Ascent
------
Stage I : RSI rises, Price rises
Stage II : RSI flat, Price rises
Stage III : RSI falls, Price rises
Descent
-------
Stage IV : RSI falls, Price falls
Stage VI : RSI flat, Price falls
Stage VII : RSI rises, Price falls
Stage VIII : RSI rises, Price rises
(Stage VIII is same as stage I.)
Caution:-
-------
1. Stage I starts from the deep valleys of oversold RSI.
2. Traders should keep the stages of the rocket in mind to plan their "journey"
3. The rocket can skip stage II &/or III during ascent if rally is weak
4. The rocket can skip stage VI &/or VII during descent if rally is weak
5. During bull runs, stage VI & VII are likely to be absent.
6. During bear runs, stage II & III are likely to be absent.
7. A stage has not ended till the next has started.




Courtesy: Jagmohan

22 Dec 2015

Cash Stocks:
Scrip
Trigger
Price
Stop Loss
Target 1
Target 2
JKTYRE
BUY ABOVE
112.65
111.60
113.85
115.60
SELL BELOW
110.40
111.40
109.20
107.55

Scrip
Trigger
Price
Stop Loss
Target 1
Target 2
GATI
BUY ABOVE
173.85
172.30
175.75
178.40
SELL BELOW
170.40
171.95
168.50
166.00







SBIN, Buy at 229.75-228.75 with SL @ 227.50 and Trgt 232.25-233.25
TATAMOTORS, Sell at 384-385 with SL @ 388 and Trgt 380-378.50
M&M can be bought if falls as resistances at 1290 and 1310 but below 1260 be cautious.
ONGC can be bought around 227-229 for 235 and 237 with sl 225.
DRREDDY has support @ 2950,if it trades below this then it may reach 2920, 2900 & 2860.

Sweety Nifty:
Nifty futurre has resistances at 7865 & 7895.
if it crosses 7895 but give attention to volumes then you'll see more strength.
Higher levels are mirage and todays trend is mixed.
supports are @ 7825 and 7810.
If it breaks 7810 then next support is @ around 7785.










Nifty TA 22 Dec 2015

Indicator

Analysis

Signal (0 - 10)

RSI 

RSI is 51.3. According to RSI analysis, nifty is technically weak.

1.0

MACD 

MACD: -44.4 and Signal Line: -61.1. According to MACD analysis, nifty is marginally strong.

7.0

Simple Moving Average 

Price just got above it's 20-day simple moving average which is a positive signal. According to simple moving average analysis, nifty is facing resistance at 7.95e+03 and support level is at 7794.542.

7.0

Exponential Moving Average 

Price just got above it's 20-day exponential moving average which is a positive signal. According to exponential moving average analysis, nifty is facing resistance at 7.89e+03 and support level is at 7790.376.

7.0

Bollinger Bands 

%b is 0.592.

5.0

Fibonacci Retracement

According to fibonacci retracement, price is below all levels. Resistance levels are 7851.0155 and 7943.675. Support level is 7551.05.

2.5

Average True Range

ATR: 90.6

NA

Average Directional Index 

ADX is 27.9 which means NIFTY is in a trend.

NA

21 Dec 2015

Cash Stocks:

Scrip
Trigger
Price
Stop Loss
Target 1
Target 2
BEML
BUY ABOVE
1,275.65
1,264.15
1,289.70
1,309.05
SELL BELOW
1,250.40
1,261.65
1,236.65
1,218.10
Scrip
Trigger
Price
Stop Loss
Target 1
Target 2
VAKRANGEE
BUY ABOVE
182.45
180.80
184.45
187.20
SELL BELOW
178.80
180.40
176.85
174.20





RELINFRA has closed at about high of 10 dayds
and is expected to rally upto 455-460
above level of 464 it will add to its strength

INFY can be sold @ around 1085-1090
for targets of 1070 & 1055

DRREDDY has support @ 2950
if it trades below thislevel then we can see panic selling upto 2920-2900.

AXISBANK, can be sold @ 435-436.75 with SL 439.50 for Trgt 428.25-426.25

CIPLA, for Trgt of 640.50-638.50, can be sold @ 644-645.75 with SL 650

IOC, Sel @ 428-430 with SL 432.50 and Trgt 424-423.50

RELIANCE, sell safely @ 998-1004 with SL 1007 and Trgt 990-987
but dont trade if opens below Trgt.