State Bank Of India Update

State Bank Of India Update

Today we have covered our last lot in SBIN @ 2083 which was shorted @ 2463 on 20th May13.
Our account in this trade is as follows:
Shorted 3 Lots @ 2463
Covered 1st Lot @ 2360        125 X 103  =   12875
Coverd 2nd Lot @ 2260         125 X 203 =    25375
Covered Last Lot @ 2083       125 X 380 =   47500
                                              ___________________

Total                                                      Rs. 85750 Profit

AXIS BANK UPDATE

AXIS BANK UPDATE

Today in Axis Bank our stop-loss got triggered @ 1435 which was longed on 29th May13 @ 1450 & 1460.
In this trade account is as follows:
2 Lots longed @ 1455 (averaged price)
Stop-loss triggered @ 1435
1455-1435 = 20 X 250 X 2 (Lots) = 10000 Loss

TCS Update

TCS Update

Today In TCS our long got triggered ( 2Lots) @ 1518 and within few minutes our 1st target got achieved @ 1526. We booked our 1lot @ 1526 and for the rest of 1 remaining lot our trailing stop-loss also got triggered @ 1519. So our profit in this call comes as :
2 Lot bought @ 1518
1st Lot booked @ 1526 :                      1526-1518 = 8 X 250 = 2000
2nd Lot TSL triggered @ 1519              1519-1518 = 1 X 250 = 250
Total profit                                                                               = 2250

Axis Bank

Axis Bank

Buy Axis Bank from 1450-1460 levels with stop-loss @ 1440 on closing basis for the 1st target of 1485, 1501, 1517, 1549, 1609

 

TCS

TCS

Buy TCS if it gives a close above 1518 with stop-loss @ 1513 on closing basis for the target of 1526, 1543

Nifty Spot (27/5/13 - 31/5/13)

Nifty Spot
 Almost after a gap of 5.5 Years in Nifty the weekly candle has closed as an outside bar almost near the top. In November 2007 in weekly chart when Nifty was at around 5900 , exactly after 8 weeks (which is a Fibonacci number) the nifty made its LIFE TIME HIGH AND THEN CRASHED upto 2252 levels. I am not saying that this time too nifty will behave in the same manner. Its just an observation. May be from here after 8 weeks we will be making a new top and after that......????  Only God knows
Last week Nifty made an outside bar almost @ the top. Nifty took support exactly at the Gann angle.

Resistance levels are 6034-6042, 6067, 6083,  6132, 6156, 6230
Support levels are 5970, 5936, 5876, 5853, 5804, 5727


We will initiate fresh shorts , if Nifty gives a close below 5935 for the targets of 5876, 5853, 5804, 5787, 5733
And,
We will initiate fresh longs, only if Nifty gives us a close above 6070 and also we will be covering our remaining positions of last week @ 6070.

SBIN Update

SBIN Update

SBIN too like L&T has given us windfall profits. From 2463 to 2255. Today we have covered our 2nd Lot @ 2263. Now we are left with only 1 lot which we will will hold with trailing stop-loss @ 2460 on closing basis. Our profits in this counter accounts as follows:
2463- 2260 = 203 X 125 (1 Lot) = Rs. 25375 Profit
Happy trading!!!!

L&T Update

L&T Update

L&T gave us a windfall profit and today we have  booked profits in 1 out 2 Lots @ 1478. From 1636 to 1478. Now we are left with only 1 Lot which we are holding with our trailing stop-loss @ 1630 on closing basis. Our profits count is as follows:
1636 - 1478 = 158 X 250 (1Lot) = 39500 Profit

Nifty Update

Nifty Update

Yesterday we missed our 2nd target by merely 4-5 points difference, but today was a great day for all. We have have covered our 2nd Lot @ 5975. Now we are left with our 1 lot which we will cover @ 5477 and our trailing stop-loss would be 6215 on closing basis.
Our profits in 2nd Lot is as follows:
6220-5975 = 245 X 50 = 12250
Happy trading!!!!

L&T

L&T

Tomorrow (22/5/13) Larsen & Toubro's result are coming. And all our paid subscribers are sitting on short positions from 1636 (from Monday) with stop-loss @ 1645 on closing basis.
Tomorrow fresh short positions (positional) can be initiated if 1625-1628 levels are seen for the targets of  1590, 1560, 1532, 1495,  1478, 1424, 1385, 1329 with stop-loss @ 1645.
Initiate longs in LT if it gives a close above 1645 for the targets of 1660,1688  with stop-loss @ 1636 on closing basis (Positional).


And for tomorrow intraday trading levels are as follows:

Initiate long if it stays above 1630  for 3-5 minutes then
R1 :  1645     R2:  1666    R3: 1686   R4: 1707    R5: 1728

Initiate short if it stays going down below 1585 for 3-5 minutes  then
S1 :  1565     S2:  1545    S3: 1525  S4: 1506    S5: 1487

Please do not mix intraday trades with positional trades.


                          

SBIN Update

SBIN Update
As we have expected, SBIN too moved in the expected direction. It made a high of 2470 and our mentioned level for shorting was 2463 which is a Gann SQ9 level. Our trade got triggered on 20/05/13 @ 2463 ( Shorted 3 Lots) and today our target of 2360 has been achieved successfully. And @ 2360 we have covered 1 Lot. Now our trade has become risk free. The rest of the trade will be carried forward with our trailing stop-loss @ 2460 on closing basis for further targets. The view remains same.

2463 - 2360 = 103 X 125 = 12875 Profit.

Nifty update

Nifty update

Today in Nifty the weakness continued and our 1st target has been achieved @ 6114. Now our trade has become risk free and we are now trailing our trade with our trailing stop-loss @ 6215 on closing basis, almost very near to our shorting level. The next targets remain same.
6220 - 6115 = 105 Points profit.

Nifty Spot 20/5/13 - 24/5/13

Nifty Spot 20/5/13 - 24/5/13

Nifty may face multiple resistance somewhere near 6207 - 6220 level. From here a short position can be taken with stop-loss @ 6235 on closing basis for the targets of 6114, 6067, 6042, 5970.
And if nifty gives a closing above 6220  then we will take longs in nifty for the target of  6338, 6361 with stop-loss @ 6207 on closing basis.
This time the chances are very rare that it can go above 6220 but we have to give respect to the market. Lets see has been store for us in this week.

Century Textile

Century Textile

In Century Textile a short trade can be initiated if gives a close below 322.6. The stop-loss would be 324 on closing basis and the targets are 278, 237
And if this script gives us a close above 324 then a long trade can initiated  with stop-loss @ 322 for the targets of , 348, 358, 410 , 432.

STATE BANK OF INDIA

STATE BANK OF INDIA

The result session of SBI is very near and also SBI has started showing negative divergence with RSI. Also there is -ve Wolfe Wave which all is indicating that a very steep fall is coming ahead in the banking sector. Bank nifty is trading @ the top which is also showing -ve divergence with RSI.
Chart1 is showing -ve WW for which the entry will be triggered once it closed below 2385 stop-loss would be 2440 and the targets are 2305, 2154, 2095.


CHART 1

A short trade should be taken from 2424-2463 zone with stop-loss @ 2475 on closing basis. Targets are 2424, 2360, 2263, 2167, 2083, 1976.

And initiate long if SBIN is able to close above 2475 for the target of 2552, 2584, 2612  with stop=loss @ 2463 on closing basis.

CHART 2

BHEL

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BHEL

Short Bhel @ 200-203 level with stop-loss @ 205 on closing basis for the targets of 191, 175, 149

Long Bhel if it gives a close above 204 with stop-loss @ 199 on closing basis for the targets of 208, 255, 262-265 & 295

SBIN

SBIN

A short position can be initiated in SBIN @ 2359-2372 levels. There is  good -ve divergence with 60min ,4 Hrs , daily & weekly time frame. Stop-loss is 2380 (Closing basis). Targets are 2359, 2269,2183, 2168

Nifty Update

Nifty Update
In Nifty those who have shorted @ 6080 with stop-loss @ 6112 (on closing basis) must be enjoying handsome profits in their pockets. Although our 1st & 2nd target has already been met today itself. Targets are 6043, 5970, 5945, 5902, 5847, 5788, 5732, 5690, 5620, 5588. Today was a Pressure date which was known to all our clients.

Heromotoco

Heromotoco

Start making short positions in Heromotoco from 1703-1724 range as this area has multiple resistences. Stop-loss @ 1728(closing basis). The targets of 1703, 1646, 1615, 1601, 1557,1496

Sun TV

Sun TV
In Suntv today time & price have met each other. Now the trend in this script must change.
A short trade can be initiated @ 434 - 442 with stop-loss @ 448  (closing basis). Targets are 403, 399, 386, 364 (an important support), 328.5, 299.

A long trade can be initiated if Suntv 2 days continuously gives a close above 444 Stop-loss @ 440 Targets are 457, 471, 494

Nifty Spot

Nifty Spot
All the major stocks have started given signals of weakness in the markets.
Today our short trade in Nifty has been triggered @ 6080. Now our stop-loss is 6112 on closing basis.

Targets are 6051-6043, 5945, 5882, 5781,5847, 5793, 5733, 5689,

A close below 6043 will more confirm the downwards journey.

Bajaj Auto

Bajaj Auto
A Short trade can be initiated in Bajaj Auto @ 1840-1846 range with stop-loss @ 1857 (Closing Basis). Targets are 1800, 1764.

ICICI Bank Update

Today on 06/05/2013 in ICICI bank our 2nd target of 1120 as been met. We have initiated this  short trade on 24/04/13 @ 1180. Now we are left with only 1 lot for which either we will take stop-loss @ 1177 or we will take our last target of 948.

Nifty Update

Nifty Update
 Today in Nifty our stop-loss has been triggered. As Nifty has closed above 5980 we have exited @ 6000
50 X 100 (2 Lots) = Rs.5000 Loss

Now the questions is WHAT NEXT ???
Now we heading towards a place where we have a cluster  of resistences. Now Nifty can go upto 6040 which is a Gann SQ9 Level and then up to 6079 which is a Gann angle resistence. If tomorrow these levels are seen then we will take another round of shorts  @ 6030, 6040 and 6079 with stop-loss @ 6110 on closing basis . The Targets are 5946, 5847, 5793, 5736, 5689, 5585,5516, 5477,5435.

And we will initiate LONGS, IF and IF Nifty gives us a close above 6080 (Closing Basis) for the targets of 6290.