BPCL and IDFC

BPCL

 

BPCL is trading below trend line support at Rs.320. Now onwards this level will act as resistance . As long  as it is below Rs.320 trend will be down.

IDFC

IDFC is trading with in a descending channel . Closing below trend line support will lead to further fall . 

Nifty medium term trend

Trend	Down
Initiation Date	30-07-13
Initiated at	5755
Low since change	5675

Nifty

Nifty is in down trend and I am expecting it to reach trend line support which could be the bottom of this down trend because at 5740 Nifty is not over sold . 5750 can act as resistance and if Nifty sustains above this level then we can notice 5800 . Nifty has formed 'doji' candle stick pattern which shows indecision in market.

Bajaj Auto

Bajaj Auto is trading within a ascending channel . Wait for break out.

LT

LT has been falling from some time . It has a major support around Rs.810 which is a low risk buying point.

Maruti

Maruti has closed below trend line support . Continuation of down trend is likely to happen.

Disclaimer : Charts presented here are not for recommendation or to advice . They are for educational purpose. More details such as stop loss , target are shared with subscribers.

Nifty medium term trend 

 

Trend	Down
Initiation Date	30-07-13
Initiated at	5755
Low since change	5675

 

Thought for the day

 

There is only one corner of the universe you can be certain of improving, and that’s your own self .

Technical updates on Bharti

Bharti

Bharti has failed to sustain after breakout above resistance . It has just started down trend . Tomorrow we will buy put option.

Nifty Medium term trend

Trend	Down
Initiation Date	30-07-13
Initiated at	5755
Low since change	5755

Thought for the day

The acquisition of knowledge doesn’t mean you’re growing.  Growing happens when what you know changes how you live.

Technical updates on Nifty and Rel Cap

Nifty

Nifty has closed below 200 DMA which is a bearish sign .More over MACD and RSI are negative so there are possibilities that  Nifty can reach 5800 - 5770 in short term . 

Rel Cap

Rel Cap has closed below trend line support . We have initiated put option . Market always moves in a trend lets see !!

Disclaimer : Charts presented here are not for recommendation or to advice . They are for educational purpose. More details such as stop loss , target are shared with subscribers.

Technical updates on LT and JP Associates

LT weekly chart

In weekly chart LT is trading below an important support level. If it closes below this level on weekly basis continuation of down trend is expected.

JP Associates

JP Associates has major support around Rs.40. Lets see whether this level will hold or not.

Disclaimer : Charts presented here are not for recommendation or to advice . They are for educational purpose. More details such as stop loss , target are shared with subscribers.

Nifty medium term trend

Trend	UP
Initiation Date	01-07-13
Initiated at	5898
High since change	6093

Thought for the day

Nobody gets everything in this life. You decide your priorities and you make your choices. I’d decided long ago that any cake I had would be eaten.