Nifty Spot (28/1/13 -01/02/2013)

Nifty will face resistance at 6105.  More Nifty can be shorted @ 6100-6105 levels.
Major resistance levels are 6105,6120,6143
and major support levels are 6007, 5990, 5962,5914 on closing basis.

HDIL

A long positional call can be made in HDIL @ 72. Suppose you want to buy 100 shares of HDIL then buy only 50 right now and if HDIL does not hold this support (i.e.72) then it will find its next support at 60-62 levels, and then again buy the rest 50 shares at 60-62 levels. Its a POSITIONAL LONG CALL.
Targets are 144 which is a Fibonacci numeber ( a magical number).

Nifty Spot

Nifty taking support at the Gann retracement level. It seems that it will again touch 6100 level and from there a new  fresh short trade can be initiated with 10-15 point as a  stop-loss.

Nifty Pendullam Motion

ICICI BANK

A short can be initiated in ICICI Bank @ 1189 with Stop-loss @ 1195 for the 1st target of 1143.

Nifty spot

5th Jan is a Gann Pressure date. Spot Nifty must touch 6079 level on or before this date. A short trade must be initiated @ 6070-6080 level with tight stop-loss @ 6100 for the targets of 5935,5820.All levels are of Nifty Spot. Buy 6000,5900 Puts. These all Puts are available @ very cheap prices Price of 6000 Put is Rs. 67 and Price of 5900 Put is Rs.35

SBIN

Dear Clients & Subscibers,
Get ready for the action in SBIN. As today it has given signals to get ready for initiating short trade in it. A short trade in SBIN should be initiated @ 2480-2484 as it will be completing its 360 degree rotation which is a strong resistance for it. For safer short trade in SBIN , if it touches 2484 and then closes below it then initiate  the short trade in it.  Also there is -ve Wolfe Wave (with -ve divergence in RSI) in SBIN which is also giving signals for shorting in this counter.  Stop-loss 2500  Target 2400, 2364. Attaching 2 charts of SBIN.

Tata Steel

In a day or two we will get a chance to short Tatasteel.A short can be initiated in Tatasteel @ 451-455.
It can also go up to 467 more shorts can be added at this level as it will face resistance  @ 180 degree which is @ 467. Stop-loss is 470 and 1st Target is 428. 2nd Target is 369 and 3rd target is 339.

Happy New Year 2013