Trading Ideas 31st August

2:20 IST Buy SBI 1845 Target 1900 Not triggered

1:38 IST Buy Sterlite 95.25 Target 98 2:53 IST Current price 95.75 follow with TSL 3:15 IST Exited at 97.5

11:40 IST Buy ONGC 276.3 SL 274 Target 279 Follow with TSL at cost current price 277.4 12:10 TSL hit at cost , Some exited at 278

11:15 IST Buy Chambal Fertilisers 65.3 SL 64 Target 66, 68 Follow with TSL at cost current price 65.75 1:00 IST 1st target achieved 2nd Target achieved on 3rd September

10:00 IST Buy Tata Global 131 SL 128 Target 134 Follow with TSL at cost current price 131.7 Hit TSL at cost

Nifty Intraday Technicals - 31st August

Support/Resistance levels indicated were respected on 30th August.

At the first look, Nifty seemed like closed above 200EMA and everything going to be positive. But when observed in details, it is learnt that there are warning signal in the form of, MAs not yet crossed +ve. Hence sustained break above 5310 is must for Nifty on 31st to be able resume its upward momentum.

Support Levels: 5295, 5270, 5250, 5190 (Sustained close below 5190 is Bearish for medium term)

Resistance Levels: 5323, 5350 and 5385 (Sustained close above 5385 is bullish for short term)

Trading Ideas 30th August

3:15 IST MTNL BTST buy @ 35 Target 40+

11:28 IST Buy Reliance 777 SL 774 Target 780, 784 11:33 IST 1st Target achieved 2:28 IST 2nd Target achieved

Nifty Intraday Analysis 30th August

After closing weak yesterday, Nifty will start its day with weak to flat global cues. As long as Nifty remain below 5295 intraday trend remain weak. A sustained break above 5295 will have initial target of 5323. On the down side targets are 5250 and 5230.

Support Levels: 5270, 5250 and 5230

Resistance Levels: 5295, 5323 and 5350

Nifty Technicals - Medium Term View

Due to options activity in the August series Nifty failed go above 5500 and took a U turn from around 5450 levels. Up on breaching 5383 significant Fibonacci level in Nifty's long term trend, it turned weak and quickly gave away 100 points.

Only on sustained close above 5385 Nifty will resume its up trend.

Support Levels: 5250, 5190 and 5000

Resistance Levels: 5305, 5350 and 5385.

Trading Ideas 29th August

11:30 IST Short MCdowel in Cash 981 Target 960 SL 993 Booked profit at 963

10:40 IST Buy Aurobindo Pharma 112.7 SL 111 Target 114.4 2:00 IST Exited at cost

9:45 IST Buy LT 1372 SL 1335 Target 1383, 1400 SL Moved to 1340 Open Expired at 1354 on 30th

Update inprogress..

Nifty Technicals 29th August

Seems to be another range bound day ahead.

Nifty Supports: 5305, 5280

Nifty Resistances: 5355, 5365, 5385

Sustained close above 5385 is must for Nifty to resume its up trend. Continuous failure here may result in bigger corrections.

Trading Ideas 28th August

1:00 IST Buy SBIN 1835 SL 1830 Target 1860 1:15 IST Current price 1842 follow with TSL at cost 3:00 PM Exited at 1858

1:00 IST Buy Axis bank 1015 SL 1012 Target 1027 1:15 IST Current price 1020 follow with TSL at cost TSL triggered at cost , those waited closed at 1022

Nifty Technicals 28th August

Nifty, after briefly coming below 5350, closed just above 5350. Indicating its uptrend is not over yet. How ever a sustained close above 5385 is required for Nifty to test higher levels, sustained failure near 5385 may result in bigger corrections on Nifty.

Considering Dowjones is trading near its previous highs and Nifty is trading around 16% below its November 2010 high, any support from global markets may result in Nifty testing its highs around 6300. At the same time failure of global markets at their highs may result in Nifty testing its deeper support levels around 4770.

Until clear trend emerges, traders shall consider each day at a time and take trading decisions accordingly. As far as intraday technicals is concerned for 28th August, below 5385 it is sell on rallies. Nifty resistances for today are placed at 5355, 5385, 5400 and 5420. Supports are placed at 5350, 5300. Final support for the current up trend is at 5180

Trading Ideas 27th August

3:10 IST Exited all positions

1:50 IST Buy Mcdowel in Cash/intraday 928 SL 923 Target 939, 947 1st Target achieved close. Nifty very volatile

1:45 IST Buy Hindalco 110.25 SL 109.3 Target 114 Exit 110.25

11:50 IST Buy DLF 205-.5 SL 203 Target 209 SL moved down 200 Exit 201.5

10:30 IST Buy Finantech 837 SL 830 Target 844, 847 Hit SL later came up to 840!

10:25 IST Buy Relaice 791 SL 784 Target 797 (Intraday) 810 2-3 days Exit 791

10:15 IST Buy JP Associates 74.6 SL 73.4 Target 75.4, 76 n 76.4 SL Triggered

Nifty Technicals 27th August

Nifty hovering around 5400 last week. Today it may open above 5400 but may face resistance at 5420 and 5450. August FnO series seems to end below 5500.

As long as Nifty stay above 5400 today we can expect 5420 to 5450 range. On the down side supports are place at 5370 and 5350. Sustained break below 5345 may invite bigger correction and sustained break above 5450 will confirm the rally towards 5500-600 range.

Trading Ideas 24th August

Updated on 25th. Live calls were not posted:

Buy Mcdowels in intraday (Futures in ban) 920 Target 927, 934 Both Target achieved

Buy Century Textiles 318 Closed at 323.4

Buy DLF 209.5 Trailing Stop hit at cost

Buy HDIL 75.5 Closed at 76.3

Trading Ideas 23rd August

3: 20 IST Positional Call for delivery, buy Mc Dowells @ 935 Target 1000

02:10 IST Buy IDFC 143.75 Target 145 Open

02:00 IST Buy HDIL 78.5 Target 79.7 Closed at 78 on 24th 

9:35 IST Buy Abirlanuvo 807 Target 814 Closed at 810

9:30 IST Buy HDIL 79.5 Target 82 9:55 IST Current price 80.7 Follow with TSL Closed at 80.5

Nifty Intraday - 23rd August

Nifty seems to be not in a mood to give-up recent gains! Inspite of global weakness, today Nifty managed to go higher though could not sustain at the top. Nifty managed to break previous day's high. On intraday basis, we must consider Nifty is in uptrend as long as it close above 5400. If Nifty manage to cross yesterday's high of 5432 next resistance may come at 5450-60 zone on intraday basis but the medium term target of Nifty is 5600 with Support/SL at 5180

Click on Image to enlarge

Trading Ideas for 22nd August

11:25 IST Buy Rcom 55.1 SL 54.1 Target 56 1:30 IST Trailing Stop hit a cost

11:25 IST Buy Century Textiles 320 SL 318 Target 324 Target achieved on 23rd

11:25 IST Buy HDIL 81.8 SL 81.3 Target 82.4, 82.9 12:30 IST Closed at 82.8

Morning Buy Apollo Tyres 95.5 SL 94.5 target 98 SL hit

Wipro Buy ar 353 SL 348 Target 357 Target achieved