Trading call performance in the month of January

 

FnO Segment

 

 Commodity Segment

Cash Market Segment

Our trading calls has been giving a consistent return of 10-20% consistently. Interested traders can call 08050782756 to subscribe for services.

Market updates for 04/02/2013

Titan 

Titan was facing resistance around Rs.280. As you can see in the above mentioned chart it has tested this level thrice. But now it has breached this resistance and so we have initiated long in Titan.

ITC

ITC has breached previous peak at Rs.306.5. Now it is expected to reach trend line resistance around Rs.315 (trend line indicated in red colour). Don't short ITC thinking that it is at high level. A share/index which is at high can reach higher.

Market could be flat to negative in short term and this could continue as long it is below 6100. So cash market traders should focus more on defensive industries like FMCG and pharma for time being.

Nifty medium term trend

Trend	UP
Initiation Date	29-11-12
Initiated at	5825
High since change	6111
Reversal if closes below	5800

Thought for the day

 

If you don't design your life plan , chances are you'll fall in to someone else's plan. And guess what they have planned for you?? Not much - Jim Rohn

Market updates for 01/02/2013

Nifty daily chart

Today Nifty has closed marginally below the trend line support around 6040. We need to see tomorrow's close for further confirmation. One more close below 6040 will lead to short term correction in market. Reversal will be close above 6100 (spot).

Nifty medium term trend

Trend	UP
Initiation Date	29-11-12
Initiated at	5825
High since change	6111
Reversal if closes below	5800

Thought for the day

Ultimately the bond of all relationships whether marriage or friendship is conversation. Oscar Wild

Market updates for 31/01/2013

SBI Weekly chart

SBI is consolidating around trend line resistance it has  formed a number of 'doji' , stochastics is over bought which indicates exhaustion of uptrend and  finally trend indicators in daily chart has indicated down trend. Based on above observations we are bearish in SBI from medium  term perspective.

Nifty medium term trend

 

Trend	UP
Initiation Date	29-11-12
Initiated at	5825
High since change	6111
Reversal if closes below	5800

 

Thought for the day

 

When we are focusing on fear , worry or hate it is not possible to experience happiness , enthusiasm or love.

Market updates for 30/01/2013

 

Nifty daily chart

 

 

 

Nifty has once again tested 6100 but unable to break this resistance level. Now it is likely to test 6030 (spot) and closing below this level could lead to short term reversal . Expected target if closes below 6030 could be 6000-5950.

 

ITC

 

 

 

Our subscribers had initiated long in ITC around Rs.284 and today we have booked profit around Rs.305 as it has reached previous peak. Breakout from this level will lead to further appriciation.

 

Sun Pharma

 

 

Sun Pharma has major support at Rs.700 and RSI is in oversold region. As long as it is above this level trend remains up. We are long in Sun Pharma. Lets see.

 

Nifty medium term trend 

 

Trend	UP
Initiation Date	29-11-12
Initiated at	5825
High since change	6111
Reversal if closes below	5800

 

 

Thought for the day

 

Give to your fellow what he needs to accomplish what life asked of him. Do not impose on another your idea of how he should best live. - Jean Clein