Nifty Spot 29/4/13 To 03/05/13

Nifty Spot

Once again we are entering into an interesting time band. This week is important in terms of astro terms. 29th-31st April is very important as these are pressure dates. We may see very volatile sessions during this week. Initiating longs in Nifty has to trailed with very tight stop-losses. Infact longs are not recommended at higher levels.
A short can be initiated @ 5946 with stop-loss @ 5980 (closing basis). Targets are5847, 5793, 5736, 5689, 5585, 5520

A long can be taken if Nifty is able to close above 5950 with very tight stop-loss @ 5940. Targets are 6040, 6080.

Maruti Suzuki Update

Maruti Suzuki Update

On Friday we have booked our last lot in Maruti Suzuki @ 1688 which was our last target. So, our total profits in Maruti comes as foloows:
Buy was recommended on 01/4/13 3 Lots  @ 1270
Booked 1st Lot @ 1360    Rs. 90 X 250 (1 Lot) =    22500
Booked 2nd Lot @ 1454   Rs. 184 X 250 (1 Lot) =  46000
Booked 3rd Lot @ 1688   Rs. 418 X 250 (1Lot) =  104500
                                                                  ________________
Total Profit                                              =             1,73,000/=
                       

ICICI Bank Update

ICICI Bank Update

Yesterday our short triggered @ 1180 and today our 1st target of 1154 has met. Now  we are trailing the stop-loss @ 1177 (Closing Basis).

Titan Industries Update

Titan Industries
In Titan our stop-loss has been triggered @ 265.
Rs 7 X 1000(1lot) X 2 = -14,000 Loss

ICICI Bank

ICICI Bank

Ok guys who are long in ICICI Bank, its time to get cautious for them. ICICI Bank is heading towards an important resistence level, even yesterday it also stopped @ the Gann SQ9 Level which was @ 1163 and the yesterday's high was 1164.9.
Now its time to change hands with BEARS (I Love them). Say BYE- BYE to the BULLS and get ready to WELCOME the BEARS.
The major resistence level for ICICI Bank is 1179 & 1194. Start taking short positions @ these levels with stop-loss @ 1200 (Closing Basis). Targets are 1180 , 1154-1148, 1120, 1055, 1021, 984 (important support).
Look friends I may be wrong but my faith on my system is making me stable in this market. Dont work without stop-loss. Ther are the saviors of a trader.

Titan Industries Update

Titan Industries Update

Our long trade got triggered (only 2Lots) today @ 472 as yesterday (22/4/13) it gave a close above 472. And our stop-loss will be 465 on closing basis.

YesBank Update

YesBank Update

In Yes Bank on 18th April'13 our long got triggered which also we squared off on 22nd April'13 at our 1st target of 499.
Profit for this trade is :
Long was triggered on 18th April @ 475 1Lot Rs.24 X 1000(1Lot) = 24,000

L&T and ACC Update

L&T and ACC Update

Yesterday we have squared off our positions in L&T and ACC as they have met our targets.
Our total profits in these 2 trades is as follows:
L&T:
Long trade triggered  3 Lots @ 1390 on 11th April'13
Booked 1st Lot @ 1430      Rs.40 X 250 =  10,000
Booked 2nd Lot @ 1460     Rs.70 X 250 =  17,500
&,Booked last Lot @ 1535 Rs.145 X 250 = 36,250
                                                            _____________
Total Profit in this trade                              = 63,750
                                                           ______________

ACC

Long Tarde triggered 2 Lots @ 1126 on 8th April'13
Booked 1st Lot @ 1178        Rs.52 X 250 = 13,000
Booked 2nd Lot @ 1225      Rs.99 X 250 =  24,750
                                                                 __________
Total Profit in this trade                              = 37,750
                                                                ____________
And here are the charts:

L&T Chart

ACC Chart

Titan Industries

Titan Industries
In Titan Industries there is a cluster of resistence @ 270. If it is able to close above 272 (Closing basis) then initiate a long trade in it with stop-loss @ 265(closing basis), targets are 284,291,313.

A short trade can be taken in this script if it touches 270 and not able to close above 270 (Closing Basis) only then take a short trade @ 269 with stop-loss @ 272 (Closing basis) , targets are 255,250,233,225.

LT Update

LT Update 
 In LT today our 2nd target have met @ 1460. And now we are left with only one lot for our next target of 1490 & 1540 with our trailing stop-loss @ 1450 (Closing basis).
 Till now our profit in this trade comes to
1st trade 40 Points X 250 (One Lot) = 10000
2nd trade70 Points X 250 (One Lot) = 17500
___________________________________
Total Profit as of now                        =  27500

Nifty Update

Nifty Update
 This week has brought profit for all in a BIG BANG way. Today all our clients have been asked to book full profits in Nifty as Nifty have reached very near to our 3rd target of 5799 and today's low was 5793 and we have booked @ 5775. So, our final A/C in this trade of Nifty comes to the net profit of:
We bought 3 Lots of Nifty @ 5495
Booked 1st Lot on 11th Apri'13 @ 5585 (our 1st Target), 90 Pts  Profit comes to    Rs.  4500
Booked 2nd Lot on 17th April'13@ 5716 (Our 2nd target), 221 Pts Profit comes to Rs. 11050, &,
Booked our 3rd  Lot on 18th April'13 @ 5775 (Our 3rd target ), 280 Pts Profit is     Rs.14000
                                                                                                                         _________

                                                                                   Total Profit in this trade = Rs.29550

Now what next????

Now we will take fresh positions in Nifty when it will be able to close above 5805 (Closing basis) Target would be 5950 and our stop-loss would be 5793. Till then enjoy Trading :-)

Auro Pharma Update

Auro Pharma
As the lot size of AuroPharma is big (2000 lotsize). We suggest you to kindly book partially here 1 lot @ 185.50. And our profit in this trade comes to 185.5 - 179 = 6.5 x 2000= Rs.13000

Nifty Update

Nifty Update

Today our 2nd target of 5716 has been met. So, we have partially booked @ 5716 and holding the rest quantity for our next target of 5799 with our trailing stop-loss @ 5634 (Closing basis). Till now our profit in this trade is 221 Points x 50 (1 Lot) = Rs.11050/= for one Lot.

ACC Update

ACC Update

On 8th April our ACC long got triggered @ 1126, and today our 1st target of 1178 has been achieved. Now we are holding rest of the quantity with our trailing stop-loss @ 1130. Profit in this counter as of now is  Rs. 52 x 250(one lot)= Rs. 13000
Happy trading !!!

LT Update

LT Update

In L&T our long trade got triggered @ 1390 and our 1st target of 1430 has been met today itself. Our subscribed clients have been informed to book partial profits @ 1430 levels and are advised to keep holding the rest of the quantity with trailing stop-loss @ 1400. Profit in this counter as of now is  
Rs.40 x 250 (1 lot)= 10,000/.
Happy trading :-)

Maruti Suzuki Update

Maruti Suzuki Update
Today Maruti has achieved our 3rd target of 1454 gracefully . A buy was given on 25th March @ 1270 levels. A profit of Rs 46000 (per lot) .

Now the rest we are holding as a bonus with trailing stop-loss @ 1400 (closing basis). If anyone wants to see the chart then go to the link given under March heading in archive.

Reliance Industries Update

Reliance Industries Update

In Reliance Industries our first target of 798 has been met. All our subscribed clients were advised to book partial profits @ 798. A buy was recommended @ 767. A profit of Rs 31 x 250 (1lot)= 7750.
Hold the remaining quantity for our 2nd target with trailing stop-loss @ 770.

Yes Bank

Yes Bank
 A short trade can be initiated in Yes Bank @ 473(EOD Closing basis) with stop-loss @ 475 (EOD Closing basis) marked with red circle for the targets are 449, 440,417,388, 358, 335.  

 And a long trade should be initiated if it is able to close above 475 (EOD Closing basis) marked with red circle for the target of 499, 543  with stop-loss @ 472 (EOD Closing basis).

AuroPharma

AuroPharma
 A long trade should be initiated in this counter @ 179 (Closing basis) for the target of
210,226, 275 with stop-loss @ 167.

Nifty Spot Update

Nifty Update

Nifty is moving on the expected line. Nifty took support exactly at 5495 and our 1st target of 5585 has been achieved. And all our subscribed clients have been asked to book partial profits at our 1st target. Profit till now in this trade 90 Points x 1Lot(50)= Rs. 4500.

LT

Larsen & Toubro

Today in LT time &  price met each other (Chart No.1). Now a close above 1385 will take LT to new highs. A long trade can be initiated @ 1390 with stop-loss @ 1380 (Closing basis) for the targets of 1430, 1460, 1508, 1540. Also there is a +ve Wolfe wave for which the target is 1460. There is +ve divergence with RSI and MACD marked with red line in (Chart No.2) which is showing strong upward momentum.

Chart No.1 

 

Chart No.2 showing +ve Wolfe Wave  (60 minute Chart)

Nifty Spot 08/04/13 to 12/04/13

Nifty
It seems we may bottom out this week somewhere near 5520-5495 levels. A long can be initiated from these levels for the targets of 5585, 5716, 5799 with stop-loss @ 5485 (Closing basis).

Relaince Industries Update

Reliance Industries
Like wise Maruti this counter has also given respect to the Gann levels. In my previous post of reliance Industries i clearly wrote the support levels and 767 was the key support level. It took U-turn from this level and now the targets are 798, 814, 860,884, and 954.
1st trade Short from 839 to 767 Profit of 1Lot  is rs.18000
2nd Trade Long from 767 still open with stop-loss @ 763 (closing basis).

Previous Chart

Current Chart

Maruti Update

Maruti Update

Maruti Suzuki running on the expected line. From 1270 to 1405 Profit of 1 lot is Rs. 33750.  Next targets are 1453 and 1550.

Previous Chart

Current Chart

Allhabad Bank

Allhabad Bank

Allhabad Bank is approaching to an important Gann retracement level at 121-116. A long trade should be initiated @ 120-116 with stop-loss @ 114. Targets are 135, 154

ACC

ACC

All the major heavy weights of Nifty has started giving signals that we are very near to bottom. ACC on friday session has signals for going  long in it.  On Monday if this counter is able to close above 1126 then a long trade can be initiated with stop-loss @ 1105 (closing basis). Targets are 1178, 1230

Heromotocorp

Heromotocorp

Heromotocorp is approaching towards an important Gann retracement level which is at 1415. In the daily charts this counter has started giving signals that smart money is coming to buy this counter. A long trade should be initiated @ 1415 with stop-loss @ 1370 for the 1st target of 1550, 1605,1703, 1740

Niftyspot

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 NiftySpot

The journey that began from 6111 will find its support near 5520-5485 level. Nifty in a day or two will find its support @ 5520-5495 range as at this level time & price may meet each other and also Gann angle support is there. A long trade can be taken in nifty @ these levels with stop-loss @ 5485 (closing basis). And a close below 5485 will take nifty to 5322.

6th April is pressure date.

Bank Of India

Bank Of India (Future Price)

Today time & price in this counter have met with each other. A long trade can be initiated if it closes above 320 for the 1st target of 328.5, 350, 361,390 with stop-loss at 305 (closing basis)
And a short trade can be started if it closes below 299 for the targets of 297 & 284 with stop-loss at 307 (closing basis).

Nifty

Nifty Spot

The accuracy of Gann Analysis. Nifty took U turn exactly from the level mentioned in the previous post. A close above 5716 will take Nifty to higher levels.