PNB

PNB

In PNB there is a +ve WW (see the attached chart) and the credit goes to Mr. Saran for drawing my attention on this chart.

In PNB the formation of +WW is perfect, also there is a support of Gann Retracement level @ 659.

A buy must be initiated in this counter with SL @ 650 on closing basis. Targets are 666, 693, 739, 748, 772, 795, 842, 910

Ranbaxy

Ranbaxy 

According to Gann Theory Ranbaxy is a buy from 326 to 309 because this whole zone has multiple supports for this counter. We will initiate buy in Ranbaxy when these levels comes.

Also there is a +WW in Ranbaxy weekly. Ranbaxy is surrounded  by a support zone right now (see the attached chart). According to Wolfe Waves Theory a buy can be initiated from 340 levels with stop-loss @ 335 on closing basis.

According to my experience Ranbaxy is a buy from 340 to 309 levels. Every dip till 309 is a buy.

We will accumulate it from 340 till 309 with stop-loss @ 305 on closing basis.

Targets are 322, 340, 365, 380-386, 397, 415, 469, 484, 527, 555, 575, 660.

Gann Chart

+WW Chart

 

Nifty Spot

Nifty spot

We have multiple & strong support zone from 5640-5626 levels. If tomorrow Nifty Spot comes around 5626 and is able to close above 5626  then we will initiate longs in it in small quantity with Stop-loss @ 5610 on closing basis. And we will add-on more quantity after nifty gives a close above 5670. Targets are 5670, 5733, 5841.
Next support levels are 5590, 5555, 5477, 5434, 5381.

Century Textiles

Century Textiles

A buy can be initiated in Century Textiles above 292 with stop-loss @ 290 on closing basis. Targets are 297, 302, 315, 331

Nifty Spot

Nifty Spot

Nifty is heading towards the support zone. There is a cluster of supports @ 5743, 5732, 5728 and whenever Nifty approaches near the cluster of support then a pullback or reversal is possible. We will initiate longs @ the levels mentioned with stop-loss @ 5720 on closing basis. Targets are 5743, 5804, 5853, 5902, 5926. 

 

A closing below 5720 may take nifty to 5663 and 5630 levels.

 

 

 

L&T

LT
A buy can be initiated in L&T @ 1385 with Stop-loss @ 1375 on closing basis. Targets are 1402, 1430, 1469, 1477

Nifty Spot (10/06/2013 to 14/06/2013)

NiftySpot

Most of the shares are showing bullish signals and I think that reversal is on the cards.
This Week Nifty must touch 5853 level s this would be 50% retracement from 6229 to 5477 and also Gann Angel Support is there. So, a  long trade should be initiated @ this level with stop-loss @  5835 on closing basis. Targets are 5931, 5978, 5049, 6042,, 6066, 6109, 6148

Reliance Industries

Reliance Industries

Long Reliance Industries @ 783.6 with stop-loss @ 780 on closing basis. Targets are 795, 806, 814

And,

Go Short if Reliance Industries gives a close below 780 with stop-loss @ 783 on closing basis. Targets are 767.5

L&T Update

L&T Update

Today we have squared off our last lot in L&T @ 1385, which we shorted on 20th May13 @ 1636.
Our account in this trade is as follows:
Shorted 2lots @ 1636
Coverd 1st Lot @ 1478 on 23rdMay13     1636 - 1478 = 158 X 250 (1Lot) = 39500 
Covered 2nd Lot @ 1385 on 3rdJune13    1636- 1385 = 251 X 250 (1Lot) = 62750
                                                                                                  _________
                                                                                                 1,02,250 Profit

Nifty Spot (03/06/13 - 07/06/13)

Nifty Spot (03/06/13 - 07/06/13)

Nifty may find support @ 5935 which is a Gann angle support. And if this support is broken then the next support is @ 5853 which is a 50% Gann retracement level form 6229 to 5477.
We will initiate long @ 5935 and 5853 in very small quantity with stop-loss @ 5840 on closing basis.
  Resistance levels are 5978, 6010, 6041,6083 and Support levels are 5853, 5784, 5733, 5613

 

Tata Motors

Tata Motors

Short Tata Motors @ 316.5 with stop-loss @ 318 on closing basis. Targets are 312, 308, 303, 297,  294 290, 285
And If
Tata Motors gives a close above 320 then take a long with stop-loss @ 316. Targets are 337, 360

Ambuja Cement

Ambuja Cement
 Short Ambuja Cements @ 188.4 with stop-loss @ 192 on closing basis. The targets are  186, 184, 179, 164, 158