Saturday, August 04, 2012

Weekly Update

Dear All,

On 31st July, have told you Nifty has to do sw(b) and the possible target upto 5107 or near to it.

Attached above is Updated chart as B wave is again divided as a-b-c, as I see there is a Head and Shoulder formation on chart, break below the trend line as marked may see 5107 as given earlier.

Attached is 5 min chart - shows clear picture of Head and Shoulder as MACD gives a Negative sign and support my view for 5107.

So is there any Alternative View, Yes


Attached above is the Eod chart - As 50 & 200 dma took support at 5164 and the Trend line support suggest a possible upmove from here upto 5300 or more to fill the gap left above.

Hourly Chart also suggest a Reverse Head and Shoulder Plus a Bullish Pole Flag formation - which should give a Break out next week may target 5300+.

>>> Stock <<<>>>ICICI BANK <<

On 30th July Sell given on ICICI Bank as follows - have updated the chart also - Refer Our Earlier Post as given above chart...

(03/Aug/2012 09:35:10): *****STOCK-UPDATE***** ICICI BANK made a low of 945, below our first target 950. Sell given on 30th July at 970. Hold for second target 930 & 900 soon

Peformed as per below chart


Earlier I have Posed SBIN on 20th July when it was at 2134 - SBIN made a Low of 1931

As per the above chart - SBIN may move up for sw(4) upto 2074 and may fall further for making a fresh low.

>>Stock<<<>>TATA MOTORS<<

Sell given on Tata Motor as on 20th July - near 223. Made a Low of 203 on 26th and still more to go on coming days as per given below


We had an Excellent Profit on Pantaloon - As I not posted the Chart earlier - Posting the chart for the first time.

23 Jul, 2012 9:51:16 AM *****STOCK-ALERT***** Sell & Hold PANTALOON RETAIL below 177 for a Target of 169 & 162. SL above 184. (all cash levels)

26 Jul, 2012 10:59:49 AM*****STOCK-update***** PANTALOON all target achieved. Sell given on 23rd July @ 177. Cmp:162.50. Book Full Profit & Exit. Profit 14.50 X 2000 = Rs.29000/- Hope All enjoy the Call

>>>>Stock<<<<>>>>>CHAMBAL FERTILIZER<<<

Chambal Fertilizer - Not posed earlier - So attaching the chart for the first time - But send calls to clients..

23 Jul, 2012 1:21:24 PM *****STOCK-ALERT***** Sell CHAMBAL FERTILIZER Futures if breaks on cash below 73 for a Target of 70.40 / 67.30 & 63.30. SL above 75.

26 Jul, 2012 12:07:48 PM *****STOCK-UPDATE***** CHAMBAL FERTILIZER cmp: 70.50. Sell given on 23rd July @ 73. First Target achieved. Book 50% Profit. Profit So Far 2.50 X 4000 = Rs. 10,000/-

Also stock made a Low of 68 on 30th July (near 2nd Target) and also informed clients to Book More Profit, which I dont have that message now.

At Present Stock closed above 70 and even now the stock is a Sell on Rise Only.

Disclaimer :- All the above Charts on Nifty and Stocks are Purely baed on Technical's Only. I may change my views as per market conditions also. Readers of this Blog should understand the Risk before taking any position.

Happy Week end and Cheers!!!