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.

Nifty closed around support

Nifty daily chart

Nifty has support at 5970 . Today it has bounced from this level if it closes below this level then expected target is  5850.

Technical updates on Nifty

Nifty daily chart

Nifty has continued uptrend however it has a major resistance at 6115. Those who are holding call option in Nifty should exit at least partially. If this level is breached on closing basis then we can see 6230. 

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

The more that you read, the more things you will know. The more that you learn, the more places you’ll go.

Technical updates on Bank Nifty

Bank Nifty weekly chart

Bank Nifty has closed below trend line support which is  a bearish sign. As long as it is below 11300 medium term trend will be negative.If it sustains below 10800 then it can reach 10300 in medium term.

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	6051

 

Thought for the day

We can be sure that the greatest hope for maintaining equilibrium in the face of any situation rests within ourselves.