NIFTY VIEW FOR TOMORROW
We could have seen a potential top today since 23rd January 2013 is a natural date aligned with planetary movements on the celestial line. The volumes are missing and Nifty seems tired at the top. What has kept Nifty afloat are the two bellwether stocks – Reliance and Infosys. The former with its resilience and the later with its results. If both Reliance and Infosys compromise their gains then 6000 and 5985 on Nifty Spot is just a nudge away.
HUL took a real whip today and the realty sector was tonked into submission. Banking was a sufferer as well. SBI heralded the slide in the banking stocks.
HUL took a real whip today and the realty sector was tonked into submission. Banking was a sufferer as well. SBI heralded the slide in the banking stocks.
BUY NIFTY ABOVE 6049 TARGET 6075 – 6089 SL 6028. ABOVE 6096 EXTENDED TARGETS ARE 6110 – 6126 – 6154
SELL NIFTY BELOW 6074 TARGET 6048 – 6033 SL 6095. IF NIFTY STAYS BELOW 6030 FOR 2-3 MINUTES WITH GOOD SELLING PRESSURE THEN EXTENDED TARGETS ARE 6022 – 5995 – 5968
Momentum Calls:
BUY: KOTAKBANK SL 630 TGT 652.
SELL: STER SL 115 TGT 108.
BUY: KOTAKBANK SL 630 TGT 652.
SELL: STER SL 115 TGT 108.
Turtle Calls:
BUY SHOPERSTOP IN DIPS WITH SL BLW 415 TGT 473.
(* 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.)
BUY SHOPERSTOP IN DIPS WITH SL BLW 415 TGT 473.
(* 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: 6045.2.
Turtle Trend Analysis: Current Hourly Trend: Down, Dynamic Trend SL: 6101.15.
Currently the Hourly MACD is bearish since it is trading below its Signal line. The MACD crossed below its Signal line 2 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 44.799. 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 82 period(s) ago. The RSI and price are not diverging.
PIVOT TRADING LEVELS FOR FOR NEXT SESSION:
R2: 6,122.33 R1: 6,083.77 PIVOT POINT: 6,062.58 S1: 6,024.02 S2: 5,964.27
R2: 6,122.33 R1: 6,083.77 PIVOT POINT: 6,062.58 S1: 6,024.02 S2: 5,964.27
DISCLAIMER: Investments are subject to market risk and the author of this article accepts and assumes no responsibility whether direct, implied or consequential for any losses or profits that may accrue as a result of trading the provided calls.
This comment has been removed by the author.
ReplyDeleteFirst of all let me tell you, you have got a great blog .I am interested in looking for more of such topics and would like to have further information. Hope to see the next blog soon. Stock tips
ReplyDeleteThank you a lot for providing individuals with an exceptionally terrific opportunity to read from this site. It's usually very ideal and also full of amusement for me and my office peers to search the blog the equivalent of three times in a week to read through the fresh secrets you have got.
ReplyDeleteCommodity Tips Equity Tips