July 31, 2015

Market outlook

- markets close nicely in positive
- advance decline positive but average
- VIX drops by 4%
- option writing support at 8200 and resistance 8800
- daily trend will turn bullish above 8650
- expecting continuation of rangebound movement for some time.




NIFTY futures intraday charts

- breakout above yesterday's high was buy signal
- another buy signal came around 11 am
- cover at close; good profit

July 30, 2015

Hot stocks and charts

LAST updated: 30-JUL-2015 
  • These charts are for educational purposes only.
  • This is not a recommendation to buy or sell
  • Follow the trend... if stock is above last month's high, trend is up and vice versa.
  • Golden stoploss: min 10% or last month's low (long position).
  • Never risk more than 1% of your capital on any trade.
  • All charts are provided by icharts.in
AARTIDRUGS
AARTIDRUGS chart

Market outlook

- markets open gapup but close near open
- advance decline positive
- immediate support 8300 resistance 8500 spot
- option writing support at 8200


NIFTY futures intraday charts

- breakout above yesterday's high was buy signal (first green arrow for today)
- those using solely today's chart would have got buy signal on second green arrow.
- trailing SL resulted in small profit in first case and no profit no loss in second case


July 29, 2015

US dollar collapse - videos

Lots of interesting videos on this - now it is not surprising that this will happen sometime or the other but what is interesting is the dramatization.

Consider this as advance weekend fun or if you are serious, start securing yourself.

In other words, manage the risk in whatever you do.

Hot stocks and charts

LAST updated: 29-JUL-2015 
  • These charts are for educational purposes only.
  • This is not a recommendation to buy or sell
  • Follow the trend... if stock is above last month's high, trend is up and vice versa.
  • Golden stoploss: min 10% or last month's low (long position).
  • Never risk more than 1% of your capital on any trade.
  • All charts are provided by icharts.in
ABG SHIPYARD
ABG SHIPYARD chart

NMDC down 28% this year

- stock is down 28% this year
- all time high was 556 in 2010
- stock never crossed 240 in past 3-4 years
- now lifetime low at 92 (2013)
- let's see what happens here.

Similar story (and worse) is in PSU banks, metal stocks.

Market outlook

- a rangebound trading day
- markets traded within yesterday's hi/ lo
- advance decline positive.
- most likely expiry likely to be within 8300 and 8400
- next series option writing support 8200.


NIFTY futures intraday charts

- first bar sets the range
- nothing to do whole day


Hourly charts show support and resistance levels.