Trading Ideas for 28th September

Short JSW Steel 760 Target 750, 740 13:02 IST Trading at 755 Intraday traders exit and positional traders follow with TSL at cost 1st October 1 & 2 Target achieved

Long Apollotyre 93 Target 98 14:14 IST Trading at 93.5 1st October 9:27 IST Trading at 94.8 Exit

Long ITC 270 Target 280 14:43 IST Trading at 274.5 follow with TSL at cost, Intraday traders exit and positional traders keep TSL at cost. Ist October trading at 276, please exit

Trading Ideas for 27th September

14:00 IST Buy Nifty 5800CE at 50 Target 70 1-2 days

13:45 IST Buy Reliance october futures at 836 Target 843, 848 1-2 days 14:15 IST now trading at 840 follow with TSL at cost Intraday traders booked profit at 841.5 and positional traders hit TSL at cost

Trading Ideas for 25th September

09:35 IST Buy Reliance at 838 Target 848 Profit booked at 846

Trading Ideas for 24th September

10:100 IST Short Jindalstel 448 SL 458 Target 440, 430 10:56 IST 1st Target achieved 2nd Target achieved on 25th September

10:00 IST Short Petronet at 165 SL 168 Target 163, 161 14:34 IST  Achieved 1st Target 14:45 IST Exited at 162. Exits at 163.7 and 162

Nifty Weekly Technicals

By closing +ve for the week and closing above 5630 Nifty sending strong signals of uptrend. The critical supports are now placed at 5665 and 5450 and resistance at 5767, 5880 and 5968. Unless there are any strong -ve signals from Europe or US (Dowjones closed -ve for the week, especially -ve closing on a Friday).

Though fundamentally nothing changed much market  is driven by liquidity, hence moves on either side will be sharp depending on news flow. Exercise caution during the week as FnO expiry and global news  flow may cause volatility in the market.

Trading Ideas for 21st September

12:25 IST Short JP Associates 83.3 Target 80, 77 4-5 days 24th September 9:48 IST now trading at 82.8 follow with TSL at cost. TSL hit at cost

12:00 IST Buy Tata Motors 274 Target 277, 279, 284 24th September 10:48 IST 1st Target achieved 14:20 IST 2nd target achieved

12:00 IST Short Tata Steel 406 Target 400, 390 Exited at 405

12:00 IST Short Axis Bank 1098, SL 1108, Target 1075 SL hit at 1108

Nifty Technicals for 21st September

By closing +ve in previous two Fridays Nifty sent strong signals that it is in bullish mode, though political uncertainty tried spoiling the game the damage yesterday was limited.

By closing below 5555 Nifty turned weak on intraday basis, now a sustained break above 5575 is a must for Nifty to remain bullish on Friday and in the days to come.

Now political scenario is not as dire as it was thought. Now markets may steadily come out of it and continue up trend in the days to come

Nifty Support: 5550, 5520 and 5500

Nifty Resistance: 5575, 5600, 5650.

Close above 5585 is bullish for short-term and sustained break above 5650 is bullish for long-term

Nifty Technicals 20th September

As analysed earlier, after closing above 5385 Nifty very quickly reached our target of 5600. Though we are seeing political uncertainties around the down side of Nifty may be limited 5500 to 5400 in the current FnO series. With supports placed at 5555, 5445, 5375. If Nifty sustain its current up move the target is 5800.

Trading ideas for 18th September

12:15 IST Buy LT 1550PE at 30 Target 50 20th September booked profit at 48 Target achieved

10:00 IST Buy IDFC 150 PE at 3.7 Target 5 14:28 IST Target achieved

Short Dax

17th September 2012 20:20 IST: Short Dax now at 7400 SL 7474 Target 7310, 7220 18th September 1st Target achieved. 3rd Target achieved on 1st October

Trading Ideas for 17th September

14:00 IST Buy Tata Motors 280 PE now at 4.9 Target 10 Target achieved

Update Inprogress...

Trading Ideas for 14th September

14:11 IST Buy Reliance 820 PE at 7 Target 15, Averaged at 5.5 avg price = 6.25 Closed at 7.5 on 20th September
14:05 IST Buy Tata Motors 268 Target 272, 274, 280 1st Target achieved 17th September 3rd Target achieved
13:55 IST Short Relcapital 357 Target 350, 345 SL 363 Closing price 353 SL hit
10:00 IST Short Hindalco 115 Target 113 Closing price 117.65 18th September exited at 114
10:00 IST Short Essaroil 51.5 Target 50 Closing price 52 Target achieved on 27th September
10:00IST Short SAIL 83.4 Target 80 Closing price 84.2 TSL hit at cost

Trading Ideas for 12th September

12:45 IST Buy Apollotyre 100 PE at 3-3.5 Target 5 SL 2 20th September Exit at 4 - 4.5

Update in progress...

Nifty Technicals 12th September

By closing above 5385, Nifty formed base for further upside. Nifty now has higher chances of testing 5420, 5450 range. A close above 5450 is must for continuation of the trend. Fiscally nothing has improved in any country in the world but liquidity alone is driving the current up-moves in the market, hence be cautious.

US FED has been telling that there is no immediate need for any additional liquidity measure but they are ready for action if required. But market participants are expecting that some QE3 from today's FED meeting, hence there is high probability for disappointment! Exercise caution and avoid overnight positions for today.

Nifty Support: 5380, 5350, 5320

Nifty Resistance: 5400, 5425, 5450

Trading Ideas 11th September

2:00 IST Short Optocircuits 136.5 Target 133 12th September 11:35 IST Booked profit at 135.5

2:00 IST Short TCS 1399 Target 1385 Target achieved on 17th September