Broader outlook for Sep 30th

Nifty since last 2 weeks was finding support at 5840 levels and the key is today, we have a major support at 5800 which is 200 EMA, breaking this levels could lead to5700 levels and further down to 5500. RSI and MACD are also turning negative which is a clear indication for the market to drift down further down. It is waiting to fill the gap it has formed in first 10 days of September.

SGX Nifty is trading at 5830 levels which is 50 points down from Friday's close which is a clear indication to short.  If we were to open below 5800 levels as indicated by SGX Nifty and stays there for some time, it is a clear oppurtinity for Intraday traders to short. For the short term traders wait for the market to stabilize to short for a target of 5700 in spot by keeping SL at 5830 in spot.

Stocks for the day

JubFood
Bharti
Bata India
Dabur
Auro Pharma
ICICI
BOB

Broader outlook for Sep 27th

As expected closed near 5900 and is constantly finding support at 5840 - 60 areas since last 2 week is it be noted. Nifty can find support at these levels and could move towards 5950 areas where it may find resistance again. FII's were still buying in Indian market and may continue to do.

Nifty is expected to open flat and wait for first 30 mins for cues and trade.

Stocks for the day

HDFCBank - Broke down all moving averages.
JindalSteel - Breaking all moving averages for downside
DRReddy - Finally broke from it strong resistance level and is in clear uptrend
Axis - Finding support at these levels and can move up
Sun Pharma - Is trending up and is above 52 week High
Jubilant Food - Clear uptrend and if trades, but may face resistance at 1200
Coal India - Trending up and getting into strong hands.
BOB -has been constantly finding support at 510 levels since last 15 days
TataSteel - Can start a fresh upmove and there is no immediate resistance and is getting strong hands

Provide levels after 9.45 AM

Stock levels for Sep 25th

LT Buy above 842 SL 832.5 Targets - 848, 854, 860
Bajaj Auto  Buy above 2050 SL 2033 - Target 2060, 2070, 2080
DrReddy - buy above 2396 SL 2377 SL 2407, 2417, 2432
HeroMotor Buy above - 2043.4 SL 2029 Targets - 2052, 2063, 2075
SBI Buy above - 1664.5 SL 1647 Targets 1674, 1681 , 1693

Broader outlook of market for Sep 25th

Nifty is in a range and will continue to do for today and tomorrow. Nifty was finding support at 5850 support area in spot and 5870 in futures and will continue to be a key area As we are finding regularly at this level we could see a bounce towards 5940 levels in spot for next few days. Trading below this 5850 in spot for 30 mins could be a shorting oppurtinity for short term, but suggest intraday traders to stay light and not trade on Nifty for next few days, but BankNifty is looking very weak and will continue its journey towards 9500

For me no trade in Nifty for today and tomorrow

Stocks for the day

Bajaj Auto
LT
Tata Motors
Lupin
Hexaware
OngcZEE
Shriram Transport

Trade Levels

HCLTech Buy above 1106 SL - 1094 for Targets - 1114, 1121, 1130
TechM Buy above 1350 SL 1340 for 1358, 1365 and 1374

Nifty
Buy above 5930 SL 5906 for 5946, 5965, 5984
Sell below 5885 SL 5910 for 5869, 5850 

Stocks for the day Sep 24th

• Jubilant Food - Looking good for Intraday and also for shorterm
• DrReddy - Finding resistance at top and if it was able to break those tops it is a buy else can look for shorting below yesterdays low
• TechM - Consolidating at these levels and is look for a fresh move upside hence is a Buy
• AuroPharm - Finding resistance at 189 levels, if it can break and stay above 191 levels it is sure buy for both Intraday and also for shortterm
• Bajaj Auto - Has started its downward journey and is a strong shorting candidate
• Coal India - Is a good long candidate
• Lupin - look for either way move and I prefer to trade short as it has formed Bearish Engulfing  on daily charts
• Banks - Look for chance to short in SBI,PNB,ICICI,Indusbank and BOB if Nifty breaks below 5840
• Tech - Look for longs in IT sector on whole and avoid shorts

My favorites are Jub Food, AuroPharma,TechM for longs and Bajaj,SBI for shorts

Broader outlook of market for Sep 24th

Nifty as expected broke through 5950 and is heading towards 5800 again, but we may say small technical rally at 5840 levels we have always seen recently. The recent slide has filled the gap we have seen on last Thurday. After long time we have seen net selling of FII though it is neglable, it could be a cue.

For intraday wait for a chance to go long we see support at 5840 levels,  for a 20 - 30 point sby keepinga SL of 20 point below, but for the short term players it is still a shorting market. Banking still looking weak and it is very weak and is heading down further to 9500 levels in short term.

Broader outlook for the day

Nifty took support at 5950 and has moved back to 6000 levels on Friday, but it is very difficult to sustain at these levels and if breaks 5950 again and stays there for a day, the market can go back to 5800 levels as stated before. FII's buying has brought the market back to 6000 levels and the key is today whether they will take they are still long are not.

Banking is looking very weak and could drag the market on the other way IT and Pharma may see longs.Prefer to short on banking and expect BankNifty to go back to 9500 levels before end of this Series

Stocks for the day

Longs
SunPharma
Asian Paint
TechM
TCS

Shorts
ICICI
Bajaj Auto
SBI
DLF
PNB

I will provide levels to trade after 9.45 based on my strategy

My short term view of market

Below is my analsys for Index and some stock

Nifty
Nifty now is above intermediate support level of 5950 which is key and if it can sustain above this the next move could lead to 6220 which was very much possible till Thursday evening, now with recent events there is a strong possibility of it moving down towards 5800 which is a strong support area and where Nifty has taken support before. If Nifty  closes below 5950 it is a good shorting oppurtinity for a target of 5800.

BankNifty
Banknifty has become weak on Friday and if it closes below 10250 which is 38.2% there is a strong posibility of it reaching 9500 levels and further down to 8400 levels which may be difficult in current situation. If it stays above 10900 there is a posibility of it testing 11500 levels. Banknifty is a shorting opportunity below 10250.

SBI
Moved from from 1440 to 1820 levels which is 38.2% as per Fib and has retraced. The key is if it was able to sustain and stay above 1820, the next target is 1960 and on the other side with BankNifty's weakness and there is a strong possibility to move to its low of 1400 levels again and so a shorting candidate.

DLF
Found a strong resistance at 172 levels which is 38.2% as per fibonacci levels and there is a very good possibility of testing low of 120 levels again if market underperforms.

Tata Steel
Has always found resistance at 325 at higher levels, if broader market does not support upper move it may find support at 280 and break below could make a move towards  260 levels.

Axis
Found resistance at 1160 levels and if breaks 1060 levels it can back to 950 and to lower levels of 800 provide market underperforms, but there is a possibility of it taking support at 1060 level and go back to 1250 if market support.

TechM
Has taken support at 1265 levels and has started it next move towards 1425 which is key level for making new all time high as we are seeing new highs being made for every pullback

TCS
Made a all time high 2075 and seems to have found support at 1900 levels and is expected to make fresh move towards its high.

http://imageshack.us/a/img822/5360/4i65.jpg

RelCap
Has reversed at 61.8% as per Fib at 370 and has move towards 340 has started if broader market does not support. Move above 370 could lead to 390 and to 420

DrReddy
Has found resistance at 2400 levels in June and has again trading at these levels. Need to close above 2400 levels for it to move to higher

Levels to trade

These are the levels to trade after Policy News

Nifty Fut
Buy above 5151  SL - 6127 Targets - 6168, 6187, 6206 and 6223
Sell below 6104 SL - 6128 Targets - 6088, 6069, 6049, 6029

Techm

Buy - 1313 SL 1297 Targets - 1321, 1328, 1339 and 1347

SBI
Buy above - 1829 SL 1810 Targets - 1838, 1847, 1860 and 1869
Sell Beloow - 1804 SL  1824 Targets - 1796, 1787, 1774 and 1765

Axis
Buy above - 1163 SL 1147  Target - 1169, 1177, 1187, 1194
Sell below - 1142.5 SL 1159 Target - 1136, 1129, 1119, 1111

ICICI Bank

Buy above - 1031 SL 1024  Target - 1038, 1044,  1051
Sell below - 1020 SL 1027 Target - 1013, 1007, 1000

Maruti
Sell below - 1454 Sl 1472 Target - 1146, 1438, 1427 , 1419

Stocks for the day for Sep 20th

I suggest to trade stocks preferably after policy announcement as we news could these stocks either way

ICICI
Yesbank
SBI
Maruti
Asian Paints
TechM
Ranbaxy
MCdowell
Lic Hsg

Broader outlook of the market for Sep 20th

As expected Nifty opened with huge gapup yesterday and moved to 6140 levels where it has found some resistance, I feel for intraday this can again act as resistance and 6070 as support area at lower level. If Nifty breaks either way you are going to see huge move either way to 6200 - 6220 or 5900 levels on intraday basis or in few days with expected profit booking before expiry which is due very shortly. With the expected policy being announced anything can happen.

I suggest traders to wait till the event and take call as Nifty may open flat and wait for the cues. In the short term USDINR is looking oversold and could see a relief rally atleast till 63 again it will depend on the type of data we are going get from RBI.

My conclusion is if your long since last  3- 4 days I suggest to book profit at these levels or wait with strict SL of 6060 spot and play safe for short term. Intraday traders should wait for the cues till policy announced and take a call based on the move.

Boom boooom Sept 19th

Boooooom.... you may see Nifty zooming towards 6050 - 80,  did you felt left out, it is normal for us to feel when ever these things happen. Has any one made money, unfortunately not you, me and domestic funds infact it is FII's who make good money because they bought money into market when frontline stocks were trading half of their levels and when USDNR was trading at 67 - 68 and now USDINR was expected to move to 60 levels and that is when they may book profits.

Friends be careful as we have one more event expected domestically and it is always better to be light before EOD and have a sound sleep so that you have energy and money to trade next week. Technically 6070 levels have strong resistance and I prefer for shorting opportunities at these levels.

Stocks for the day

ICICI
Infy
Tata Steel
DLF
ITC
Maruti
Bharti Airtel
Ranbaxy

Broader outlook for Sept 18th

Since the last week Nifty was finding support at 5800 levels which is also 200 DMA and it was not able break down from these levels, with the expected events globally and domestically in few days awaited it is on expected linse, but we will see clear trend in few days. If Nifty breaks 5800 in the side we could see immediate support at 5740 levels and if we see a gap down even further down based on news 5700 should be a major support. On the higher side 5950 is a major resistance.

USDINR is expected to move up again to levels of 65 which is again a bad news for the market.Nifty is expected to be in a side ways for today and do not suggest any trade in Nifty futures till we get a clear trend which we will get by tomorrow.  With early indication of SGX nifty trading flat I feel we must wait for atleast 30 till we get intraday trend in stocks and trade

Trade with caution

Stocks for the Day

DrReddy
HCLTech
BharatForge
Maruti
RelInra
ITC
Asian Paints

Broader outlook for Sept 17th

Market is still in bullish zone as long as it is above 5820 - 30 range and is always finding support at this area since last week. Trading below 5820 for hour or so may lead market to 5760 - 70 levels, but break below this level could be a clear shorting opportunity. Then next major resistance is at 5940 levels and trade above could lead to 6000 to 6050 levels.Intraday you can trade long as long the market is trading above 5810 and use this as stoploss.

IT is sector to be shorted along with Pharma and PSU banks for longs.

Stocks for the day are

ICICI
Bhel
HCL Tech
IDFC
Lupin

Outlook for Sept 16th

Market traded last week in a range towards end and this week we have lot  ofevents lined up both domestically and internationally which could influence market. Nifty has a resistance at 5919 and trade above this could lead to 6000 to 6050 levels and lower side 5820could be a major support area and trade below could lead to 5700 levels which is again a strong support levels.

USDINR did not find much support at 63.40 against expection that it could move to levels of 65 levels again which could influence markets in India. Next support area is 60.5 levels.

Stocks for the Day

Cipla
Lupin
Ranbaxy(Fundamental reason)
Axis
Infy
LT
TataSteel
 Bharat Forge

Stocks for the day

Axis Bank
ICICI Bank
Yes Bank

Lupin
TechM
Bharti Airtel

Broader outlook of Market for today

FII continous buying even yesterday in a falling market in cash, also better than expected IIP numbera and market taking support at 200 DMA of 5838 are positives for the market , however USDINR finding support at 63.4 as stated before and if the market trades below 5830 levels for sometime could see downside till 5750 which is next major support level. Trading above 5900 is positive and fresh buys can be considered.

We could see a sideways market atleast for today as we have seen huge rally and consolidation is required at these levels for the market to make next move either as we are expecting couple major events next week.

My Stocks for the day are
 LIC Hsg,
 ICICI Bank,
TechM,
Sunpharma,
DRReddy

Buy Jub food above 1077 for 1083, 1091, 1100 SL - 1066

Buy lupin above 853 and sell below 836
Buy Maruti above 1381
Buy Bajaj above 1998 and sell 1972
Buy Sun Pharma above 556

Stocks for Sep 11

Jubilant Food
LIC housing
TechM
ITC
Maruti

Banking look for shorting

My outlook for broader market for Sep 11th

Market is continuing this huge rally and there seems to be no resistance as we are seeing huge gap ups. The market is heading towards 6000 which may happen in next few days, but we have resistance at 5950 - 55. We even may see consolidation today at these levels as we have seen one way movement. If Nifty moves below 5835 and stays their for some time we may see selling and can be used by traders to short the market.

The Caveat is VIX is still high and we see some volatility and key to everything is USDINR movement because it as has a support 63.40, if it breaks this level  and stays their for a day it could go to 61 - 60 levels other wise we may get shorting opportunities.

Stocks for September 10th

CIPLA
CESC
LT
IDEA
HDFCBANK
ICICI

Nifty for the Week Sep 10 - 13th

 A CLOSE  ABOVE  5757 FOLLOWED BY AUGUST MONTH HIGH OF 5808 MAY MOVE NIFTY TO BETWEEN 5969 TO 6000   NEWS EVENTS & LIQUIDITY  ARE MAJOR FACTORS DECIDING THE MARKET TREND AND A SLIDE BY SPOT NIFTY TO BREACH OF 5553 MAY SEND MARKET TO LEVELS OF BY  5460 . BUT MOVE BELOW 5318 IS A FRESH BEAR PHASE. I STRONGLY FEEL THIS RALLY CAN TAKE TO 5800

STOCKS TO WATCH THIS WEEK CIPLA, ICICIBANK,AXISBANK,BHARTIAIRTEL AND HDFC

My Calls for September 10th

Hindalco - Buy above - 111.5 and Sell below - 105.5
NMDC - Buy above - 123.1 and Sell below - 120.5
Star - Sell below 898
CESC - Buy above  313.7 and sell below 306.5
Exide - Buy above 125 and sell below 121.7