MARKET ROAD AHEAD.WILL THIS BOUNCE SUSTAIN????

Yesterday Nifty bounces back with intensity and keeps the hope alive of Bulls.Day before Yesterday Nifty cracked below 200 dma and there was apprehension and concern on what might happen next: A false breakdown or case of falling knife? Yesterday’s Nifty  up move has been source of comfort for medium term investors. This is what Nifty did yesterday

Why this up move does not sound exciting? Look at the provisional buy/sell data

For medium term investors – Nifty is still buy on dips. Reason: Nifty held support of 50 week moving average. Remember, for medium to longer term traders/investors: weekly chart is all that matters.

Here’s Nifty weekly chart

As long as Nifty trades above 8170, there is nothing to worry over medium term, and market has potential to undo the technical damage it has done in recent past. Keep an eye on 8170 on the downside and HOPE for rally back to 9000. Will that happen? Well only time will tell.Considering this is F&O expiry week? Expect more drama and two sided action going ahead. That’s not all: US Fed meeting is tomorrow and that can impact Global market environment

What pulled the market up? – BANK NIFTY. It was right at support and did all the bullish work to save the Nifty

1.The Star performer of the Day: ICICI Bank. Will the up move continue(MAIL SENT TO PAID CLIENTS.Mail sent to buy one more leadership banking stock

      2. MARUTI: STOCK MADE FRESH ALL TIME HIGH( HOW TO TRADE MARUTI MAIL       SENT TO PAID CLIENTS)we have picked one more auto stock for our paid clients

    3.One stock that has registered its strength in current market decline: L&T Detailed mail with positional buy call given to  paid clients

USDINR has created a strong resistance at 63.91. Today, INR appreciated strongly from resistance levels and now trading at 63.07. That’s a sharp pull backThere can be real Panic  if USD strengthens above 63.91. Keep an eye on that level.INR will shoot up tpo 65-66 once 63.91 is taken out

IT STOCKS:

Most of the frontline Tech stocks have pulled back and are at good support levels. Can they provide support to the market? 3 IT STOCKS RECOMMENDED TO PAID CLIENTS 

PHARMA STOCKS:

3 PHARMA STOCKS   POSITIONAL BUY CALL GIVEN TO PAID CLINETS.Will be sharing one of those to subscribers of this blog.

SUNPHARMA has been a market leader of this bull market Stock is right at good support level.BUY sun pharma positional call 910-925 add sunphara more @ 870 levels too if it comes  with sl 860 on closing basis with 1200 RS target in next 2-3 months time. 

CEMENT STOCK

The sector to keep an eye on: Cement. Most of the Cement stocks be it ACC, Ambuja Cement or Ultratech Cement: all at key moving average i.e. 200 dma. Will they hold and bounce? Well, yes if market has to remain bullish.

Ambuja Cement has formed a long legged doji at 200 dma: looks like a selling exhaustion. Bulls can hope for long trade with stop loss below 225.

If the markets were certain then there would be no markets. No one can give you a 100% guarantee of what market will do; all we know is what it can do.The trouble with most of us is that we think with our hopes or fears or wishes rather than with our minds

TATA ELKSI : ONCE AGIAN LOOKING HOT

TATA ELSI ONCE AGAIN IS LOOKING ATTRACTIVE FOR BIG MOMENTUM UP MOVE

BUY TATA ELXSI @ 617-622 SL ON CLOSING BELOW 600 STOCK CAN  TEST ALL TIME HIGH OF 675  THEN BREAK OUT TO TO FRESH ALL TIME HIGHS

SONA STEER : ANOTHER GEM FROM TRENDZOFMARKET

TODAY STOCK CROSSED 60+ GIVEN  53% MOVE IN JUST 1 MONTHS TIME-PROFIT 60000+ RS --CAN BOOK PROFIT AT 60 NOW

MSG GIVEN ON AUG 6TH :SONA KOYO STEER HAS  BEEN IN BULL MARKET FROM MARCH 2014 STOCK HAS GIVEN A  BREAK  OUT ABV 39  FEW DAYS BACK AND IS NOW AGIAN RETESTING BO AREA.. BUY 3000 SONASTEER 38-40 SL 35.50 TGT 47-53 +
 

ARE THE INDEX OVERBOUGHT?

One of the reasons many people are worried on the market: How overextended it looks?
The fact: Yes Nifty and market are overextended and you can see this on chart. Lot of people call it overbought. 

The Nifty Daily Chart

Just look how far 200 day moving average is from current market state. The 200 dma is 18% away from current market price. When market gets this extended – then its natural for people to get cautious on market. Overextended market does not mean sharp correction. It only means slow and uncertain gains in future.
Here’s another observation: Market can remain overbought for extended period of time. Overextended market corrects themselves by just trading sideways and letting moving averages play the catch up game. Looking at the current state: it would be healthy for market to trade sideways and digests its gains. Will that happen? We will wait and see.

WIIL ARVIND BREAK OUT OF 17 YEAR RESISTANCE AT 160

UPDATE 9/09/2014
ARVIND HIT FRESH LIFE TIME HIGH 327 NOW  WE  TOLD TO BUY  THE STOCK AT 160 AS THE STOCK IS GIVING A 17 YEAR BREAK OUT ON CHARTS
WE KEPT ON RECOMMENDING THE STOCK  STILL HOLD ON TO THE STOCK WITH FRESH MODIFIED SL OF 235 ... LET THE STOCK  TRIPLE NOW FROM OUR RECOMMENDED LEVELS

UPDATE 20/08/2014:
ARVIND TODAY HIT FRESH ALL TIME 252
OLD ON TO THE STOCK WITH MODIFIED SL @ 220 ON CLOSING BASIC

UPDATE 26/06/2014:
ARVIND AS EXPECTED  CROSS 230 OUR SECOND TARGET TO  JUST HOLD ON TO THE STOCK WITH MODIFIED SL 190

update 11/06/2014: WE TOLD TO BUY ARVIND IN THIS BLOG FREE FOR ALL OUR FOLLOWERS AT 155 WITH TGT 200 AND 230 TODAY STOCK HIT FRESH ALL TIME HIGH 217>>>>>>. TECHNICAL ANALYSIS AT ITS BEST


BELOW WAS THE FREE UPDATE I DID ON MY BLOG ON JAN 8, 2014 

 AFTER OUR 2 MEGA SUCCESS FULL CALLS FROM 140 TO 155 OUR CLIENTS MADE 90OOO RS IN ARVIND IN JUST ONE WEEK
 
 SEE THE LINK BELOW TO SEE OUR RECOMMENDATION

http://trendzofmarket.blogspot.in/2014/01/bull-market-stock-arvind-fresh-brek-out.html 

 ARVIND HAS BEEN A MONEY MAKING MACHINE FOR THE CLIENTS OF TRNEDZOFMARKET NOW ANOTHER ROUND OF BREAK OUT MAY HAPPEN IN ARVIND IF IT CLOSES ABOVE 160

ARVIND IS IN A BIG BULLMARKET RUN WHEN CROSSES 105 IN 2013 2014 IS TURNING OUT TO BE A GREAT YEAR FOR ARVIND..NOW KEEP YOUR EYE ON THE STOCK  CAN IT FINISH OFF THE FINAL BEARS STANDING IN ITS PATH AT 160

NOW CMP 155 BUY ARVIND ABV 160(CLOSING BASIS) SL145 TGT 200-230 IN FEW MONTHS TIME

NAUKRI : INFO EDGE OUT MULTI BAGGER STOCK ABOUT TO TRIPLE

Naukri stock broke out above well defined resistance of 390 on 25th October 2013. I covered Naukri as Breakout Stock on Nov 11 2014 at price of 410 with a following note:

As you can see in the chart above: Naukri stock has broken out above well defined resistance of 380-390 – a level where it stalled for more than 3 years. A Breakout to New High means market participants believe that stock is now ready for a major run ahead. Globally, Internet stocks are in very strong Bull market and hence it’s no surprise to see Naukri breaking out.

One can look to add the stock near 390-415 zone in core portfolio with stop loss below 50 week moving average (340-350). This is not a trading stock. One should try to hold the stock for next 2-3 years to see major major gains. I am basing my analysis purely on technical analysis. Please do your own due diligence before investing or trading.

READ OUR RECOMMENDATION GIVEN 10 MONTHS BACK :THE INTERNET MULIBAGGER GAINT IN MAKING

This is what happened in following 10 months – The stock from levels of 400 is now knocking the doors of 900. Well, that’s what breakouts do.
Here’s the Naukri Daily Chart

GRAND SUCESS STORY OF TRENDZOFMARKET BREAKOUT STOCKS

STOCK 1 : EROS MULTIMEDIA

Covered at  Rs. 172     Covered Date: June 20, 2014
Rationale: One can make an assumption that the move is for real. Buy at cmp and if stock slips below 164 – then exit. If the breakout is for real – then one can look at potential target of 230. READ COMPLETE RECOMMENDATION HERE http://trendzofmarket.blogspot.in/2014/01/eros-journey-path-still-undecided.html

What happened?: The breakout above the trendline was for real. The pullback to 172 was great entry point and now stock is at 262 – up 51% from that level

 STOCK 2 : BHARTI AIRTEL

Covered at 333 Covered Date: June 14 2014

Rationale: Bharti is right now at 50 dma and one cannot rule out strong buying support at current levels to take the stock once again back to 370. and abv 370 for potential tgt 420-440--STOCK NOW HIT 420 LEVELS  IN 2 MONTHS TIME
READ THE COMPLETE POST HERE:http://trendzofmarket.blogspot.in/2014/09/bharti-airtel-pure-technical-sucess.html
What happened? : The stock made a low of 333 which it respected for a month and then rallied to 370 and even moved past it

 STOCK 3: CIPLA  

RECOMMENDED CIPLA ON AUG 1ST

CIPLA BUY BETWEEN 448-455 looks good bet for 480-500

LOT SIZE 1000 AVG OUT AND BUY 2 LOTS SL CLOSE BELOW 438

Covered at 425 Covered Date: June 18 2014
Rationale: Cipla has created a clear resistance at 425. Now, one of these days/weeks – Cipla will move out of the slumber, and the best indication would be a close above 425. If in next few days, Cipa closes above 425-430 – then expect a start of fresh move in the stock.
What happened? : The stock broke out above 425 few days later and now has made a strong breakout move to 557

STOCK 4: GODREJ INDUSTIRIES

A Breakout Strategy can be implemented. The stock is a buy at Current market price of 330-335 and stop loss below 310. There is no target as of now. One should ride the stock for decent gains in weeks and months to come. STOCK HIT 355 

STOCK 5 : SPARC

SPARC is now a compelling buy at current market price and on declines to near 175. For long term conviction holder, the stock is a hold as long as it trades above 200 day moving average which as of today stands at 159. ---stock zoomed to hit 210 still looks so so so attractive