As suggested Ranbaxy achieved target 1 of 330... Forgot to update....
Cheers
Hrishi
Cheers
Hrishi
Monday, February 3, 2014
Ranbaxy!!!!!
Commerce Graduate with more than decade and half years of experience in capital markets
Monday, January 27, 2014
Going against the wave....
Hi All,
Risky traders Buy Ranbaxy near 309-310 SL below 300 (for short term), investors can accumulate with SL below 250....
Cheers
Hrishi
Risky traders Buy Ranbaxy near 309-310 SL below 300 (for short term), investors can accumulate with SL below 250....
Cheers
Hrishi
Commerce Graduate with more than decade and half years of experience in capital markets
Friday, January 24, 2014
Bottom Fishing.....!!!!
Hi all,
Buy Nifty Intraday above 6283
Supports below 6265-6240....
Targets - 6330-6360 (spot levels)
Cheers
Hrishi
Buy Nifty Intraday above 6283
Supports below 6265-6240....
Targets - 6330-6360 (spot levels)
Cheers
Hrishi
Commerce Graduate with more than decade and half years of experience in capital markets
Wednesday, January 22, 2014
Copper looks Upper
Hi all,
Double confirmation on Copper.... Buy based on Supertrend on hourly as well as daily charts....
CMP 458, Supports below 454, resistances 462-467-470...
Cheers
Team ATC
Double confirmation on Copper.... Buy based on Supertrend on hourly as well as daily charts....
CMP 458, Supports below 454, resistances 462-467-470...
Cheers
Team ATC
Commerce Graduate with more than decade and half years of experience in capital markets
Tuesday, January 21, 2014
$$$$$$$$$$$$$$$$$$$$$$$.... Book Profits near 61.77-78
Hi all,
Book profits in USDINR near 61.77-78
Cheers
Hrishi
Book profits in USDINR near 61.77-78
Cheers
Hrishi
Commerce Graduate with more than decade and half years of experience in capital markets
$$$$$$$$$$$$$$$
Hi All,
USDINR looks bullish with support below 61.35, resistances 61.80-62....
CMP 61.57.....
Cheers
Hrishi
USDINR looks bullish with support below 61.35, resistances 61.80-62....
CMP 61.57.....
Cheers
Hrishi
Commerce Graduate with more than decade and half years of experience in capital markets
Friday, January 17, 2014
Interesting....
Will the history repeat itself???
Commerce Graduate with more than decade and half years of experience in capital markets
Thursday, January 2, 2014
Alarming start to 2014....
Hi all,
After rallying by almost 1% in the first half of trading day today Nifty fell sharply by more than 2% in last 11/2 hours....
There are many forwards for the reasoning behind these falls like, likely resignation of PM, Congress getting support from Left parties in LS 2014, US treasury rates,etc
However the fall of today requires a close attention by the traders as well as medium to long term investors...
After hitting a life high of 6415 on the opening trades of 9th December, Nifty was trying to touch that level in order to sustain, but failed to do that for around 3 times....
On daily charts is a huge bearish candle which is formed after today's fall and on weekly charts will may confirm a Bearish reversal pattern if it closes below 6260 odd levels.
If the bearishness persists key level to watch out for would be 6130-6100 where as long term story may depend on a range starting from 5950-5700 levels....
6350-6415 are the key hurdles on the upside for markets.... As mentioned in earlier posts, a sustained movement above these levels and a firm close above 6360 levels, preferably on a monthly basis can trigger a new bull run in markets....
In my view if markets are going for any corrections in coming months it will be the act of discounting the uncertainty over the elections, and post the same markets may decide the future course of action, which I personally believe is on the upside with a Final reversal of 5100-5000 levels, which looks like not likely to be broken.
All said and done, levels will be as follows...
Short term - (Few weeks)
Trend - Sideways
Supports - 6200-6170-6140-6120....
Resistances - 6260-6300-6340-6390-6415...
Medium Term - (Couple of months)
Trend - Up
Supports - 6120-5950....
Resistances - 6300-6360-6415-6500
All the levels are on closing basis....
Cheers
Hrishi
After rallying by almost 1% in the first half of trading day today Nifty fell sharply by more than 2% in last 11/2 hours....
There are many forwards for the reasoning behind these falls like, likely resignation of PM, Congress getting support from Left parties in LS 2014, US treasury rates,etc
However the fall of today requires a close attention by the traders as well as medium to long term investors...
After hitting a life high of 6415 on the opening trades of 9th December, Nifty was trying to touch that level in order to sustain, but failed to do that for around 3 times....
On daily charts is a huge bearish candle which is formed after today's fall and on weekly charts will may confirm a Bearish reversal pattern if it closes below 6260 odd levels.
If the bearishness persists key level to watch out for would be 6130-6100 where as long term story may depend on a range starting from 5950-5700 levels....
6350-6415 are the key hurdles on the upside for markets.... As mentioned in earlier posts, a sustained movement above these levels and a firm close above 6360 levels, preferably on a monthly basis can trigger a new bull run in markets....
In my view if markets are going for any corrections in coming months it will be the act of discounting the uncertainty over the elections, and post the same markets may decide the future course of action, which I personally believe is on the upside with a Final reversal of 5100-5000 levels, which looks like not likely to be broken.
All said and done, levels will be as follows...
Short term - (Few weeks)
Trend - Sideways
Supports - 6200-6170-6140-6120....
Resistances - 6260-6300-6340-6390-6415...
Medium Term - (Couple of months)
Trend - Up
Supports - 6120-5950....
Resistances - 6300-6360-6415-6500
All the levels are on closing basis....
Cheers
Hrishi
Commerce Graduate with more than decade and half years of experience in capital markets
Tuesday, December 31, 2013
Bye Bye 2013....... Cues for 2014!!!
Hi All,
In 2013, Nifty traded with a wide range of more than 1200 points close to 20% (5118-6405)
What do we expect in 2014.....
1. LS Polls 2014 - A big game changer is undoubtedly going to be the Lok Sabha elections in April-May. A clear or a decent majority is surely going to be cheered by markets. The mood was completely in the favour of BJP due to the overwhelming popularity of Narendra Modi but one has to agree that the same has reduced a bit after the stunning debut of the AAP, thanks to Arvind Kejriwal. However, though AAP can make an impact even at the National Level the same may not be of the same as Delhi. I believe AAP can capture seats somewhere in between 20-50 as their National Debut, however more will depend upon how are they performing in Delhi as the entire media seems to be only working as a watchdog for their pre-poll promises.
2. Macro and Micro Economic Growth - The US Bond Tapering (QE) is likely to resume in the 1QCY2013 and the same is been discounted and also seems to be good to neutral for India as per many analysts... At the Micro level, on the eve of 2013, Indian economy continues to feel the heat of Inflation and low growth. As per the statement given by Mr. Raghuram Rajan, a clear majority at the centre will fuel policy reforms which he feels is a key to growth momentum.
3. Corporate Sector - Even the corporates would be keen on the LS polls and the general expectation built up can be seen with BJP due to a strong Anti-Congress wave.
4. Foreign Investments - Many of the big houses has clarified, atleast 3 to 4 to my knowledge that they are waiting for LS polls and are willing to bring in a lot more Vitamin M in India if BJP forms the government.
Technical Observation -
Amid all the negatives, markets manage to surpass their all time highs which many people termed as a weak rally in spite of prevailing negativity... however I personally feel that if markets manage to give a monthly or at least a weekly close above the all time highs of 6350-6400 one can see a nice bull run over the next 4-10 years... and the triggers for the same will be the ones mentioned above....
So let's wait and watch.....
Wishing you all a Very Happy and Prosperous New Year 2014.....
Cheers
Hrishi
In 2013, Nifty traded with a wide range of more than 1200 points close to 20% (5118-6405)
What do we expect in 2014.....
1. LS Polls 2014 - A big game changer is undoubtedly going to be the Lok Sabha elections in April-May. A clear or a decent majority is surely going to be cheered by markets. The mood was completely in the favour of BJP due to the overwhelming popularity of Narendra Modi but one has to agree that the same has reduced a bit after the stunning debut of the AAP, thanks to Arvind Kejriwal. However, though AAP can make an impact even at the National Level the same may not be of the same as Delhi. I believe AAP can capture seats somewhere in between 20-50 as their National Debut, however more will depend upon how are they performing in Delhi as the entire media seems to be only working as a watchdog for their pre-poll promises.
2. Macro and Micro Economic Growth - The US Bond Tapering (QE) is likely to resume in the 1QCY2013 and the same is been discounted and also seems to be good to neutral for India as per many analysts... At the Micro level, on the eve of 2013, Indian economy continues to feel the heat of Inflation and low growth. As per the statement given by Mr. Raghuram Rajan, a clear majority at the centre will fuel policy reforms which he feels is a key to growth momentum.
3. Corporate Sector - Even the corporates would be keen on the LS polls and the general expectation built up can be seen with BJP due to a strong Anti-Congress wave.
4. Foreign Investments - Many of the big houses has clarified, atleast 3 to 4 to my knowledge that they are waiting for LS polls and are willing to bring in a lot more Vitamin M in India if BJP forms the government.
Technical Observation -
Amid all the negatives, markets manage to surpass their all time highs which many people termed as a weak rally in spite of prevailing negativity... however I personally feel that if markets manage to give a monthly or at least a weekly close above the all time highs of 6350-6400 one can see a nice bull run over the next 4-10 years... and the triggers for the same will be the ones mentioned above....
So let's wait and watch.....
Wishing you all a Very Happy and Prosperous New Year 2014.....
Cheers
Hrishi
Commerce Graduate with more than decade and half years of experience in capital markets
Monday, December 23, 2013
Welcome step..... Worth reading and investing for real return after adjusting for Inflation....
Inflation Indexed National Saving Securities –
Cumulative (IINSS-C)
| The issue of India’s Inflation Indexed National Savings Securities-Cumulative
(IINSS-C) for retail investors will open for subscription on December 23,
2013 and close on December 31, 2013. The subscription can be closed earlier than
December 31, 2013 with prior notice. It may be recalled that the Reserve Bank of India, in consultation with Government of India, on November 29, 2013 announced issuance of Government of India’s Inflation Indexed National Savings Securities-Cumulative (IINSS-C) for retail investors. Interest rate on these securities would be linked to final combined Consumer Price Index [CPI (Base: 2010=100)]. Interest rate would comprise two parts, i.e., fixed rate (1.5% per annum) and inflation rate based on CPI and the same will be compounded in the principal on half-yearly basis and paid at the time of maturity. The final combined CPI will be used with a lag of three months, i.e., final combined CPI for September 2013 will be used as reference CPI for all days of December 2013. Early redemptions will be allowed after one year from the date of issue for senior citizens (i.e., 65 years and above of age) and 3 years for all others, subject to penalty charges at the rate of 50% of the last coupon payable for early redemption. Early redemptions, however, can be made only on coupon dates. The eligible investors would include individuals, Hindu Undivided Family, Charitable Institutions registered under section 25 of the Indian Companies Act and Universities incorporated by Central, State or Provincial Act or declared to be a university under section 3 of the University Grants Commission Act, 1956 (3 of 1956). As distribution/ sale of IINSS-C would be through banks, eligible investors may approach the branches of State Bank of India, Associate Banks, Nationalised Banks, three private sector banks (viz. HDFC Bank Ltd., ICICI Bank Ltd. and Axis Bank Ltd.) and Stock Holding Corporation of India Ltd. during working hours. |
Commerce Graduate with more than decade and half years of experience in capital markets
Monday, December 16, 2013
At the Edge!!!!
Hi All,
As mentioned in my earlier post on Friday, markets may have some support near 6135-6200 levels..
Today Nifty hit a low of 6146, bounced back sharply till 6170-75 however could not hold on these gains and closed finally at 5154.70......
6140 level is also 61.8% retracement of the recent rally from 5970-6415, and should be respected if the markets are eying higher levels...
Low risk traders can think of taking a small risk, high reward, high probability trade with SL below key supports.... Below 6135, short term bias will change with targets near 6030-5970...
Mid term bias will remain positive till the time Nifty holds 5970-5950 levels...
Regards
Hrishi
As mentioned in my earlier post on Friday, markets may have some support near 6135-6200 levels..
Today Nifty hit a low of 6146, bounced back sharply till 6170-75 however could not hold on these gains and closed finally at 5154.70......
6140 level is also 61.8% retracement of the recent rally from 5970-6415, and should be respected if the markets are eying higher levels...
Low risk traders can think of taking a small risk, high reward, high probability trade with SL below key supports.... Below 6135, short term bias will change with targets near 6030-5970...
Mid term bias will remain positive till the time Nifty holds 5970-5950 levels...
Regards
Hrishi
Commerce Graduate with more than decade and half years of experience in capital markets
Friday, December 13, 2013
Here we go....!!!!
Hi all,
After a nice profit booking on top, nifty is trading in its support area of 6135-40 to 6200...
A long trade now at CMP 6180 can offer a low risk, high probability and high reward trade....
CMP 6180 SL below 6135 TGTS 6250-6300-6330....
Cheers
Hrishi
After a nice profit booking on top, nifty is trading in its support area of 6135-40 to 6200...
A long trade now at CMP 6180 can offer a low risk, high probability and high reward trade....
CMP 6180 SL below 6135 TGTS 6250-6300-6330....
Cheers
Hrishi
Commerce Graduate with more than decade and half years of experience in capital markets
Monday, December 9, 2013
Kuch corrections achhe hai....
Hi All,
As per my earlier post(http://www.blogger.com/blogger.g?blogID=1193946081176724201#editor/target=post;postID=8663621023365516905;onPublishedMenu=allposts;onClosedMenu=allposts;postNum=3;src=postname) after BJP gaining a clear cut upper hand in assembly ellections markets reacted positively, however they fell off sharply from the days high and also a Life time high of 6415... currently hovering around 5350 mark.
I think this correction which might get extended till 6300-6200 (maximum) and should provide a chance to go long for traders.
for a bigger time frame a close (preferably monthly) is required above the previous life high of 5357-60.... Once that happens Nifty is set for yet another bull run with some predictable targets ranging from 8k to 10 k over a period of 3-6 years....
Traders should seek corrections for getting a long opportunity rather than trying to catch it right now.... going short for short term can fetch low risk low probability but may be a high return opportunities, so the same should be avoided by conservative traders, aggressive traders should do it once some bearishness is seen on daily or hourly charts.....
Cheers
Hrishi
As per my earlier post(http://www.blogger.com/blogger.g?blogID=1193946081176724201#editor/target=post;postID=8663621023365516905;onPublishedMenu=allposts;onClosedMenu=allposts;postNum=3;src=postname) after BJP gaining a clear cut upper hand in assembly ellections markets reacted positively, however they fell off sharply from the days high and also a Life time high of 6415... currently hovering around 5350 mark.
I think this correction which might get extended till 6300-6200 (maximum) and should provide a chance to go long for traders.
for a bigger time frame a close (preferably monthly) is required above the previous life high of 5357-60.... Once that happens Nifty is set for yet another bull run with some predictable targets ranging from 8k to 10 k over a period of 3-6 years....
Traders should seek corrections for getting a long opportunity rather than trying to catch it right now.... going short for short term can fetch low risk low probability but may be a high return opportunities, so the same should be avoided by conservative traders, aggressive traders should do it once some bearishness is seen on daily or hourly charts.....
Cheers
Hrishi
Commerce Graduate with more than decade and half years of experience in capital markets
Monday, November 25, 2013
5970...... Bulls try to start the fight
Hi all...
As expected Nifty bounced back from 5970 levels now resistance near 6100-6125-6190-6220...
Cheers
Hrishi
As expected Nifty bounced back from 5970 levels now resistance near 6100-6125-6190-6220...
Cheers
Hrishi
Commerce Graduate with more than decade and half years of experience in capital markets
Wednesday, November 20, 2013
Silver shining!!!
Commerce Graduate with more than decade and half years of experience in capital markets
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