Although market was not in the mentioned 4800 to 4866 zone as per my saying,neverthless it opened gap down recovered to good extent then again fall,exactly alike wedenesday market,that was my statement so if u apply the stretegy u can work out.also i mentioned do work on stocks than to work on nifty.& all the stocks except educomp triggered & achieved the goal which in turns begets a good reward to trend player.Idont know how many of u gave attention to mondays pick of crompton greaves(buy abv 349 for tgt of 354 -55.it rocks the marekt after that level zooooooomed to touch 380.no calls will remain void.all weekly pics did its excellence one or other day.hope u keep something in the mind next time).now,i m expecting some turn around above 4830 and majorbank stock,real estate,steel & communication sector will contribute in up movement.so accumulate bank nifty & good banking bet on SBI ABV 2230 WITH STOP AT 2213 WITH TGT OF 2250-60.ALSO BULLISH ON EDUCOMP ABV 827 WITH STOP AT 816 WITH TGT OF 838.Just for ur trading intelligence which side u work on HDIL.here i give u trend level.decide trend & work on it.its a future call/U can also work in cash according to it.(328 to 331 trend decider)down side blw trend level tgt is 322 upside abv trend level tgt will be 336-37.just work on stretegy might u earn both sides.last day of this week trading.so no overnight position as on monday market will remain close.happy weekend.

28TH REPORT WITH SOME PICS

My words market remains to be flat to mild positive turns into that zone after gap down intraday player got used of it. ibreal & dr reddy did well. hope u all enjoyed.today it might fluctate between 4800 to 4866 .so gap down market gives u the same oppertunity today as it did today.for today pics i m bullish on educomp abv 880 with stop at 870 for tgt of 890-95 & patni with stop at 450 for tgt of 477 to 480.mildly to moderate bearish on cipla blw 298 with stop at 303 for tgt of 293-294.so be stock specific rathar to work on nifty.hope u work with trend.more update tomorrow morning.

dr reddy nothing to say u just experienced,ibreal flat to minor gain and real hero 4800 call & dip buy nifty zooooooomed like rocket.wipro also broooomed proved to be a very good weekly pick along with sun pharma and lic which did well on 1st & 2nd day respectively.hope u enjoyed

MAJOR SUPPORT FOR NIFTY 4700-4755

As one can see that market take support near 4790 in early trading hour.. but can not sustain upper bounce..

but market has a major support zone of 4700-4755 which lasted for june to september i.e for 3months... So will market take rest here????? or upward move will start from here?

Hope for bulls is 4775. Market may find support between 4765-4785. Will it hold this level ??????

well,today some market players might not like some policies & forecast that financial body worked upon.market has its own mood(blood bath then again bull run) .well its like hotty-shadowy & we have to keep ourselves on toe.right now the time for some pullback & should be provided by those which are culprit for this fall.well i see somewhat bounce in real estate,bank,cap goods etc,In real estate i bet upon INDIABULL REAL ESTATE FOR TGT OF 275 TO 280 WITH SUPPORT AT 240.ALSO DR REDDY LOOKS GOOD AROUND 980(SL972) FOR TGT OF 988-90ABOVE 990 CAN GO UPTO 1000-1005.NIFTY MIGHT BE IN THE FLAT TO MILD POSITIVE ZONE BUT STOCK SPECIFIC ACTIVITY WILL BE SEEN.MORE UPDATE ON WEDNESDAY MORNING.

towards tgt

As we told nifty make day low of 4829.50.
and we wrote the level of 4824...

As we can see that nifty not able to cross the resistence level of 4960-4970 and crashed to 4863.

It's almost 100 point move. Now nifty has break important support level of 4900-4920.

So can we say it is haeding towards the price target of 50 day moving average i.e 4824 ??????

nifty : the wall of 4960- 4970

As we can see that nifty not sustaining upper level i.e 5030-5040 and returned yesterday from
5033 and close at day low. So nifty close below its 20 day moving averege 5033 for two consecutive days.
In morning it breaks important support level of 4960.
Now 4960-4970 can become resistence for nifty so one can act accordingly.


Disclaimer : The column is purely for educational purpose. The author is not responsible singly or jointly for the losses.

weekly pics look good even in this choppy & down market especially wipro,sun pharma doing well

sesa goa & aban fall like pack of cards didnt give much chance to trade so dont bother we will have many more to come

aban looks weak one can short it for tgt 0f 1330 to 1310 sl consider to be 1450

I m somewhat bearish abt sesa goa looks weak below 320 with stop at 324 go down to 300 to 290 level one can short at 315 to 312 level positionally will get benefit.

as per expectation market bounce from lower level and covered up nicely,but couldnt sustain to my level 5033 & reversed from 5033 level and came down some of weekly pics like lic,sun pharmam & wipro did well on 1st day itself.still i mexpecting from 4918 to 4930 level good for bunce.will give u good return.here i m putting the nifty chart suggests that it will remain good till 4900 sustains.red arrow is the danger line for short term trend.lets see it sustains or not.pressure there but brave trade pays u.happy trading

buy crompton greaves abv 349 for tgt of 354-55

market flat to negative 4949 good support may bouncefrom this dena bank looks good to me for tgt 0f 78 to 79

Hi everybody have a good trading week ahead, last week of the month & falls into expiry zone expects a quite up&down time as expiry comes to closer.monday expecting to be a gap down with 4949 as support from there onwards expects a good bounce.one can long here with support of 4918 to 4910.may u get good 5% return in this bounce from 4949 to 5080.if nifty sustains 5033 in bounce then it will go upto 5068 then to 5097. week ahead crompton graves,sun pharma,wipro,lic look good to me.more update tomorrow morning & on every trading day.have a nice time & trade safe.