Stock Tips And Nifty Tips For 14 Jan 2013

Daily Nifty Review : 14/1/ 2013

The crucial support for the Nifty is at 5950 – 5900 – 5875 and the resistance is at 5975 – 6000

Buy SBI above 2538 stoploss 2512 Target 2565 – 2576

Short below 2460 stoploss 2485 Target 2435 – 2426

Momentum Calls:
SELL: CIPLA SL 426 TGT 410.
SELL: ADANIENT SL 266 TGT 252.

Turtle Calls:
SELL NATIONALUM IN RALLY WITH SL ABV 52 TGT 46.
(* Turtle calls are for a duration of 1-2 weeks period and are generated as per mechanical systems. Stop-loss is an essential risk control mechanism and it should always be there. If you find the stock opened much higher wait for a dip to enter, and only enter when the risk-reward ratio is favorable to you, we also recommend time to time profit booking and stop loss trailing.)

Nifty’s fully automated technical trend analysis:

NIFTY last traded price: 5942.45.

Turtle Trend Analysis: Current Hourly Trend: Down, Dynamic Trend SL: 6011.95.

Currently the Hourly MACD is bearish since it is trading below its Signal line. The MACD crossed below its Signal line 16 period(s) ago. The Hourly MACD is NOT in an Overbought/Oversold range. There have been no divergence signals within the last 5 period(s).

The current value for the 14 Hourly RSI is 40.997. The Hourly RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal is generated when the RSI moves out of an overbought / oversold area. The last Signal was a sell 33 period(s) ago. The security price has set a new 14 Hourly low while the RSI has not. This is a bullish Divergence.

PIVOT TRADING LEVELS FOR FOR NEXT SESSION:
R2: 6,036.18 R1: 5,989.32 PIVOT POINT: 5,965.08 S1: 5,918.22 S2: 5,847.12