Trade Direction for Nifty50 Stocks on 2nd January

Wish You Happy New Year

Trade Direction for Nifty50 Stocks on 1st January

Technical Analysis - Tata Steel

Tata Steel is moving in an upward channel. Now the price has reached its upper end of the channel at 436. It is recommended to go short on this stock with "daily close" above 436 as SL. target 425, 415 and 406

ACC - Triangle Pattern

As discussed below ACC is about o breakout the Triangle on the bullish side....do not miss long opportunity for 50 to 100 points profit

ACC has been in uptrend form June 2012 and moved up from 1115 to 1535. From November onwards it is form higher lows pattern but not forming lower lows patter which is not bearish. Now with this pattern it fall into a "Triangle" pattern marked in lines and indicated with arrows. On break below lower line of the triangle it can fall further and breaking the top line is bullish for the stock. Breakout on either direction will result in 5-10% movement in stock price very quickly. Hence recommend to follow the stock very closely in the coming days for break out.

Trade Direction for Nifty50 Stocks on 31st December

Trading Ideas for 28th December

09:00 IST Buy Bharti Airtel at 317 at open (pre-open) SL 306 Target 339 made high of 323.4, positional trades hold as long as it close above 318 on daily basis for 336-39 target

Hindalco

After being in 105-125 zone for over 6 months, touch both points 6 times, it has broke the range with considerable volumes., hence recommend buy

Current Price 129
Support/Stoploss: Close below 126 (Traders), 124 (Investors/Positional Traders)
Resistance/Target: 131, 134, 139, 142.
Add more on close above 136.

Cairn India

Cairn India has been moving in 300-340 zone from May 2012 touching upper and lower range 7 times during this 7 months period. Now it is trading at (314) the lower end of the range, hence recommend buy with SL of close below 300

TCS

After being consolidated at lower levels, TCS is now entering into its earlier consolidation zone between 1266-1348. Investor can start buying TCS as SiP from current price and on close above 1290, 1323, 1350 and 1400. Initial SL will be close below 1250 and after 2nd entry close below 1280, after 3rd entry close below 1315 and after 4th entry close below 1330 and after 5th entry 1360.

Coal India

Coal India is trading around 355 with supports placed at 348 and 345. Buy Coal India form current price to 348 with SL at 347 or 343 (depending on risk profile) and add more positions on daily close above 357 for targets 364, 368, 373. Positional Traders/Investors can add positions on close above 375 for target close to 400.

Trade Direction for Nifty50 Stocks on 26th December

Nifty Technicals

As seen from the following chart and various lines drawn, Nifty is moving  in a channel following Fibonacci Extensions from lows of 4770 made on 4th June 2012. If the pattern continue in coming days/weeks, Nifty will have its first supports at 5815, 5750 and 5700. If the the uptrend that started on 4th June 2012 were to be continued Nifty will have a target of 6200 in coming days/weeks with resistances placed at 5950, 6025, 6110 and 6160. A sustained break below 5680 will invalidate this pattern and then Nifty trend will turn -ve with resistance at 5700.

NIFTY Daily Chart

Trade Direction for Nifty50 Stocks on 24th December

Trade Direction for Nifty5o Stocks on 21st December

SYMBOL	TRADE	PRICE
ACC	Short Below	1,409.72
AMBUJACEM	Long Above	206.71
ASIANPAINT	Long Above	4,327.92
AXISBANK	Short Below	1,344.27
BAJAJ-AUTO	Long Above	2,105.81
BANKBARODA	Long Above	847.24
BHARTIARTL	Long Above	311.28
BHEL	Long Above	227.95
BPCL	Long Above	350.93
CAIRN	Short Below	324.94
CIPLA	Long Above	413.03
COALINDIA	Long Above	354.11
DLF	Long Above	221.05
DRREDDY	Long Above	1,847.80
GAIL	Long Above	347.58
GRASIM	Long Above	3,196.21
HCLTECH	Long Above	634.09
HDFC	Short Below	842.32
HDFCBANK	Long Above	682.78
HEROMOTOCO	Long Above	1,886.01
HINDALCO	Long Above	124.96
HINDUNILVR	Long Above	522.70
ICICIBANK	Long Above	1,139.19
IDFC	Long Above	174.82
INFY	Long Above	2,279.04
ITC	Short Below	292.11
JPASSOCIAT	Long Above	101.87
JINDALSTEL	Long Above	446.32
KOTAKBANK	Long Above	662.67
LT	Short Below	1,639.18
LUPIN	Long Above	609.57
M&M	Long Above	959.45
MARUTI	Long Above	1,495.06
NTPC	Long Above	154.09
ONGC	Long Above	260.68
PNB	Long Above	840.02
POWERGRID	Short Below	116.72
RANBAXY	Long Above	506.19
RELIANCE	Long Above	836.32
RELINFRA	Long Above	521.02
SBIN	Long Above	2,346.10
SESAGOA	Long Above	192.75
SIEMENS	Short Below	674.74
SUNPHARMA	Long Above	736.46
TATAMOTORS	Long Above	298.16
TATAPOWER	Long Above	106.32
TATASTEEL	Long Above	409.33
TCS	Long Above	1,226.07
ULTRACEMCO	Long Above	1,998.35
WIPRO	Long Above	377.45