July 2, 2015

Two wheeler stocks

BAJAJ AUTO: trending up nicely. All time high/ resistance is at 2700. Support 2400-2100.



Get delivery trades @ Rs.5,000/- pa. 


July 1, 2015

NBCC technicals

- trend is up on daily charts
- deep support around 700 levels


Kamalesh P Langote
Research Analyst

Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (RESEARCH ANALYSTS) REGULATIONS, 2014:
  • My clients are long in this stock
  • I /my family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending
  • I /my family have not received any compensation from the company where I am recommending a trade or investment.
  • I have not served as an officer, director or employee of company and have not been engaged in market-making activity of the company covered in the research report.
  • I have no material conflict in recommendations posted here

CUMMINS IND weekly charts

- trend is up from 2014
- currently rangebound between 800 and 950
- use these as breakout levels


Kamalesh P Langote
Research Analyst

Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (RESEARCH ANALYSTS) REGULATIONS, 2014:
  • Unless specified, I have no investment in this stock.
  • I /my family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending
  • I /my family have not received any compensation from the company where I am recommending a trade or investment.
  • I have not served as an officer, director or employee of company and have not been engaged in market-making activity of the company covered in the research report.
  • I have no material conflict in recommendations posted here

ABIRLANUVO monthly charts

- trend is up on monthly charts
- now trading rangebound between 1900 and 1500
- expect more strength above 1900 SL 1500


Kamalesh P Langote
Research Analyst

Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (RESEARCH ANALYSTS) REGULATIONS, 2014:
  • Unless specified, I have no investment in this stock.
  • I /my family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending
  • I /my family have not received any compensation from the company where I am recommending a trade or investment.
  • I have not served as an officer, director or employee of company and have not been engaged in market-making activity of the company covered in the research report.
  • I have no material conflict in recommendations posted here

Market outlook

- market closes above recent resistance/ reversal area
- now swing low set at 8200 spot
- trend still up on daily charts and will reverse to sell on close below 8200
- trend down on weekly charts and will reverse to buy on close above 8500
- trend up on monthly charts... no reversal so far.
- advance decline positive
- option writing points to support at 8000... no call writing resistance seen


NIFTY futures intraday charts

- breakout from any range was bullish
- trend was up through out the day


Good site screener.in

Just came across an interesting site for stock fundamentals - www.screener.in

According to their website, "Screener.in is a stock analysis and a screening tool to see all the information of a company on a single and customizable page".


Sample screenshot for MARUTI


Do check this site out.

DISCLAIMER: I have not received any compensation for this post.

MARUTI technicals

The most recent breakout was posted on 28-APRIL.

The stock still remain in uptrend and is making new highs.

Deep support is at 3650.


Kamalesh P Langote
Research Analyst

Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (RESEARCH ANALYSTS) REGULATIONS, 2014:
  • I am an investor in this stock and risk per trade is less than 2%.
  • I /my family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending
  • I /my family have not received any compensation from the company where I am recommending a trade or investment.
  • I have not served as an officer, director or employee of company and have not been engaged in market-making activity of the company covered in the research report.
  • I have no material conflict in recommendations posted here

SNOWMAN technicals

If you like a stock because of the fundamental story behind it, then just invest and forget. Do not see the price for the next 5-10 years.

A stock I like is SNOWMAN for various reasons (explained in depth during the IPO).


Kamalesh P Langote
Research Analyst

Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (RESEARCH ANALYSTS) REGULATIONS, 2014:
  • I am a long term investor in this stock - my SL is 0 and risk per trade is less than 2%.
  • This stock has been recommended to my clients.
  • I /my family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending
  • I /my family have not received any compensation from the company where I am recommending a trade or investment.
  • I have not served as an officer, director or employee of company and have not been engaged in market-making activity of the company covered in the research report.
  • I have no material conflict in recommendations posted here

June 30, 2015

NIFTY and BNF monthly charts

NIFTY monthly charts: holding 8000 is bullish for nifty


BANK NIFTY monthly charts: difficult to interpret this as we had a break of support at 18250. The next 2 bars took support at 17190.

Monthly close above 18900 will be bullish.