DABUR bullish above 260
March 10, 2015
March 9, 2015
NIFTY intraday charts spot
- clear short trade as markets break Thursday intraday swing low in first 5-10 min
- whipsaw for long trade in green box - prior trend resumes thereafter
- overall clear down day
Ironically I actually lost 10-11 points today. The reason was while the short entry was perfect, the trailing stoploss got hit as markets became very rangebound with the result I was out of short trade by 12.30... the correction resumed after 1pm but I failed to trade this.
- whipsaw for long trade in green box - prior trend resumes thereafter
- overall clear down day
Ironically I actually lost 10-11 points today. The reason was while the short entry was perfect, the trailing stoploss got hit as markets became very rangebound with the result I was out of short trade by 12.30... the correction resumed after 1pm but I failed to trade this.
BANK NIFTY technicals
- broader trend is up and will reverse on close below 18500
- signs of selling at 20000 levels
- huge outside bar formed on rate cut day (sell on good news?)
- swing low support at 18500
- signs of selling at 20000 levels
- huge outside bar formed on rate cut day (sell on good news?)
- swing low support at 18500
Market outlook
- nifty breaks Thursday low in first 10-15 min of the day / closes below hammer
- breaks trendline support and closes 2% in negative
- advance decline negative
- option writing resistance 9000 support 8500
- swing low support at 8670 spot
- breaks trendline support and closes 2% in negative
- advance decline negative
- option writing resistance 9000 support 8500
- swing low support at 8670 spot
March 7, 2015
NBCC breakout
Lines are last month's high/ low which coincidentally also happen to be breakout levels and support.
Same stock with swing indicator plotted
Same stock with swing indicator plotted
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March 6, 2015
NIFTY weekly charts
Some signs of selling at higher levels as evidenced by djoi with long upper tail.
Expect support at trendline and then 8660 spot.
Expect support at trendline and then 8660 spot.
March 5, 2015
NIFTY futures intraday charts
- break below first box was sell signal
- break above second box was cover shorts/ trade long
Market outlook
- markets showing signs of buying at lower levels
- but the big red outside bar looks scary
- trend line support is a reassuring factor for bulls
- today's high low critical next week
- option writing now has highest open interest at 8500 put followed by 9000 call (almost same)
- but the big red outside bar looks scary
- trend line support is a reassuring factor for bulls
- today's high low critical next week
- option writing now has highest open interest at 8500 put followed by 9000 call (almost same)
March 4, 2015
Hot stocks and charts
LAST updated: 04-MAR-2015
- These charts are for educational purposes only.
- This is not a recommendation to buy or sell
- Follow the trend... if stock is at 20 days high, trend is up and vice versa.
- Golden stoploss: min 10% or 20 days low (long position).
- Never risk more than 1% of your capital on any trade.
- All charts are provided by icharts.in
BEML
Market outlook
- huge selloff in nifty as markets form a large outside bar
- selloff happens on 'good news' - surprise RBI rate cut
- last 3 days hanging man hinting at correction
- difficulty seen in holding above 9000
- broader trend is still up and will reverse on close below 8660 spot
- expect trendline support around 8800 levels
- highest open interest is at 9200-9000 call (almost same) followed by 8500-8800 put
- drop inVIX indicating no fear... note that VIX has lost more than 20-25% after the budget
- selloff happens on 'good news' - surprise RBI rate cut
- last 3 days hanging man hinting at correction
- difficulty seen in holding above 9000
- broader trend is still up and will reverse on close below 8660 spot
- expect trendline support around 8800 levels
- highest open interest is at 9200-9000 call (almost same) followed by 8500-8800 put
- drop inVIX indicating no fear... note that VIX has lost more than 20-25% after the budget
March 3, 2015
Market outlook
- trend is up and will reverse on close below 8660
- current close is highest closing for nifty
- formation of higher high higher low is maintained
- open interest highest at 9000 call though there was some reduction today
- current close is highest closing for nifty
- formation of higher high higher low is maintained
- open interest highest at 9000 call though there was some reduction today
March 2, 2015
Hot stocks and charts
LAST updated: 02-MAR-2015
- These charts are for educational purposes only.
- This is not a recommendation to buy or sell
- Follow the trend... if stock is at 20 days high, trend is up and vice versa.
- Golden stoploss: min 10% or 20 days low (long position).
- Never risk more than 1% of your capital on any trade.
- All charts are provided by icharts.in
ACC LIMITED
Market outlook
- trend is up with reversal level at 8660 spot
- markets form second hanging man
- third day of higher high higher low
- advance decline mildly positive
- option writing pointing to resistance at 9000/ 9200 and support at 8500.
- markets form second hanging man
- third day of higher high higher low
- advance decline mildly positive
- option writing pointing to resistance at 9000/ 9200 and support at 8500.
March 1, 2015
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