Friday, January 17, 2014

Consolidation

Nifty seems to be consolidating in the 6150-6350 range
It might be wise to buy ATM calls on dips as IV's are very low
Hence if we dip to lower end of the range one can buy 6200 CE option 

Thursday, January 2, 2014

NIFTY @ Key Juncture


As shown above it seems Nifty has ended its uptrend and now beginning a fresh downmove towards 6200-6130 and if sustains and closes below 6130 then ultimately towards 5918
Also as per candlesticks nifty has formed a bearish shooting star pattern on its daily charts which is again an evidence of nifty trending down
Similar is the view on Bank Nifty
Hence on any bounce buy 6000 puts 

Tuesday, December 3, 2013

JM Financials Screaming BUy!!!!!



Buy @ 30 levels SL 28.50 Closing basis Targets of 39-45-50
Given fresh breakout above 29

Updates!!! and Fresh calls

Counter nearing our first target of 300. Revise SL to 275 n trade long.
If reaches 300 den book 50% profits and carry longs

Running in fifth gear
Bought @ 3970 today made high of 5300
Awesome returns in one month
Now do book out profits n wait if corrects to 4500 den reenter


If sustains above 36 levels den will give a major breakout ( Cup & Handle) indiacating completion of bottom formation n start of an upmove
Buy only on closing above 36 targets of 50 in a month





Buy on closing above 36 breakout after consolidating in a range of 32-36 for 4 Months
Potential targets  40...44...48.....

Broke abv resistance of 50 now next significant resistance @ 65
So buy on dips around 52-23 SL 49.50 Closing basis

Monday, December 2, 2013

Grindwell Norton Screaming Buy!!!!!

It has broke above trading range of 225-265
Consolidated in this range for 6 months
Can be bought @ cmp SL 250 on Closing Basis
Targets 300-325....


Sasken Communication Screaming BUY!!!!



Sasken has finally broken above trading range of 110-140
It was in this trading range from February 2012 to October 2013
After consolidating in this range for 21 months it had given significant breakout with volumes
So can be brought @ cmp with SL 135 on closing basis for initial target of 180-200