HITS & MISSES: AUGUST

        HITS AND MISSES AUGUST

TOTAL PROFIT THIS MONTH IN f&O ALONE: 310025 RS

Total NUMBER OF CALLS: 32

HITS: 28    MISSES: 4  

SUCCESS PERCENTAGE: 87.5%

HITS:

1. CALL OF THE MONTH: COAL INDIA

http://trendzofmarket.blogspot.in/2013/07/coal-india-heading-towards-250.html

COAL INDIA SOLD AT 285 IN FUT BOOKED PROFIT NOW 256 LOT SIZE 1000 TOLD TO BUY PE AT 3.75 PS NOW 16.50 WENT UP 5 TIMES IN JUST 2  DAYS
PROFIT 29000 RS IN FUT & 12750 IN OPTIONS TOTAL 41750

2. CALL OF THE MONTH 2: AUROBINDHO PHARMA BTST CALL

http://trendzofmarket.blogspot.in/2013/08/call-of-month-aurobindho-pharma-profit.html

GIVEN SELL BELOW 150 IN FUT AT BOOKED PROFIT AT 140 LOT SIZE 2000

 PROFIT 2000*10=20000 RS
140 PE BOUGHT AT 4.30 BOOKED PROFIT AT 10.50

PROFIT 2000*6.20=12400 RS

TOTAL IN BTST 20000+12400=32400 RS JUST IN A DAY TIME

3. CALL OF THE MONTH 3 ACC

http://trendzofmarket.blogspot.in/2013/08/call-of-day-acc.html

SELL ACC AT 1100 TARGET 950- 930 FALLLEN INTRAY DAY TO 1003 AND BOOKED NEXT DAY MORNING AT 985 LOT SIZE 250 PROFIT 31250 RS

4. CALL OF THE MONTH 4 PAIR TRADE- SBIN AND INFOSYS

TOLD TO BUY INFOSYS LOT SIZE 125 @ 3105 AND SELL SBIN LOT SIZE 125   AT 1600 ON AUG 13 TH

BOTH STOCKS WENT ROCKING SBIN FELL TO 1455 AND INFOSYS FLY TO 3130

BOOKED PROFIT 120 RS IN EACH SOLD INFY AT 3125 AND COVERED SBIN AT 1480 EVEN THOUGH STOCK WENT TO 1450

PROFIT 120+120=240 RS PROFIT 125*240=30000 RS

FUTURES & OPTIONS

 

1.     Kotak bank : H&S breakdown - Heading for 640-630  TARGET ACHIVED  TOLD TO SEEL BELOW 680 LOT SIZE 500 PROFIT 500*50=25000 RS

  http://trendzofmarket.blogspot.in/2013/07/kotak-bank-h-breakdown-heading-for-640.html

    

2.     AUROBINDHO PHARMA COVERED THE SHORT AT 161 WITH 13000 RS PROFIT
yst closing minute call to sell auro @ 167.5 sl 170 tgt 158 lot size 2000 already went to 161 (2000* 6.50=13000 rs profit excellent way to start a fresh month)

3.     ICICI BANK NOW PURE 100 RS ALMOST GONE TOLD TO SELL BELOW 980 NOW REACHED 890 ALREADY LOT SIZE 250  PROFIT 250 *90=22500
MY UPDATE ON JUNE 21:
ICICI Bank stock: Breakdown?

http://trendzofmarket.blogspot.in/2013/07/icici-bank-stock-breakdown_26.html

4.    NTPC TOLD TO SEEL BELOW 136  BOOKD PROFIT  AT 128 LOT SIZE 2000 PROFIT 14000 RS

NTPC 130  TOLD TO BUY AT 2.45 PS SOLD AT 4.50 INTRAY DAY WITH 4100 RS PROFIT  AND AGAIN BUGHT BACK AT 2.50 AND SOLD AFTER 2 DAYS AT 6 WITH PROFIT 7000  TOTAL PROFIT IN NTPC  14000=+7000+4100=25100 RS

http://trendzofmarket.blogspot.in/2013/07/ntpc-on-its-way-to-105-110.html

5.     RCOM SOLD AT 124  COVERED AT 118  BOOKED PROFIT  124-8=6 RS LOT SIZE 4000 PROFIT 4000*8=24000 RS JUST 1 DAY http://trendzofmarket.blogspot.in/2013/08/call-of-month-coal-india-boked-profit.html

6.      HDFC SOLD AT 795 COVERD AT 742  LOT SIZE 250  PROFIT 250* 53=13250

7.      HDFC 760 CA TOLD TO BUY AT 15.50 LOT SIZE 250 HIT 26 PROFIT=2625

8.      BUY CIPLA  430 CA 7.30 PS  LOT SIZE 1000  BOOKED PROFIT 10.30 PS  PROFIT 3000 RS (INTRAY DAY)

9.     SELL M&M fut @ 897-900 SL 910 tgt 860-840 LOT SIZE 250 BOOKED PROFIT AT 875   897-875=22 RS PROFIT 250*22=5500 RS (INTRAY DAY)

10.    SELL BANK NIFTY 9700 TGT 9400 LOT 25 PROFIT=7500(INTRA DAY)

11.   SBIN 1500 PE BOUGHT AT 15 RS EXITED AT 49 RS PROFIT 4250

12.  BHEL REC TO GO LONG ON 115 CA @ 2.60 SL TARGET 5-7 -10 LOT SIZE 2000 BOOKED    PROFIT AT 7  PROFIT 8800 RS HIT ALL TARGETS EVEN THOUGH BOOKED  AT 7 

13.  Buy JINDAL STEEL fut @ 237.5 SL 234 tgt 260+ , don't miss buying it at any cos

HIT 245 IN JUST 10 MIN  BOOKED 7500 RS PRFOIT AS IT MOVED SO FAST

14.  BUY SAIL 47.50 CA AT 1.10 PS LOT SIZE 4000 HIT 1.80 INTRADAY PROFIT 2800

15.  SELL TATA STEEL AT 285 BOOKED PROFIT AT 267 LOT 1000 PROFIT 18000 RS

http://trendzofmarket.blogspot.in/2013/08/is-it-time-to-go-short-on-tata-steel.html

16.  BUY ICICI BANK 800 CA AT 5 RS LOT SIZE 250  SOLD AT 5 ITSELF NO LOSS NO PROFIT

 MISSES:

1.      BANK NIFTY 1400 CA TOLD TO BUY AT 175 THOUGH IT WENT TO 280 DIDN’T BOOK PROFIT  LOT SIZE 25  LOSS EXITED AT 50 RS LOSS 3125

2.      SBIN 1700 CA TOLD TO BUY AT 35 LOT SIZE 125  WENT TO HIT  43 BUT DINT BOOK PROFIT AND EXITED AT 32 LOSS: 123 *3=375 RS

3.      AXIS BANK  100 CA TOLD TO BUY AT 20 SL HIT AT 10  EVEN THOUGHT IT WENT TO 27  LOSS 2500 RS 

4.      HINDALCO 102.50 CA TOLD TO BUY AT 1.70 WITH .75 SL  LOT SIZE 4000 TARTGET 5

REALLY UNLUCKY HT SL LOSS 2200 BUT IT HIT TARGET AFTER HITTING SL

                                    CASH CALL

 

1.      POSITIONAL BUY BERGER PAINT BETWEEN 185- 175 SL BELOW 160 TGT 210 – 230  TARGET 1 ACHIVED INTRAY DAY WENT ON TO 230 AFTER  2 WEEKS 

2.      BUY BATA ABOVE 94O TARGET  980 STOP LOSS 910 BIG MOMENTUM PUSH WILL COME ABOVE 980  REAHCED 973 INTRAYDAY ITSELF

3.      OFSS TOLD TO BUY ABOVE 2860 ON JULY 26 TH TODAY HIT 3000- TARGET ACHIEVED

4.      ICICI BANK  BUY GIVEN AT 890  HIT  927 THE VERY NEXT DAY

5.       BIOCON RECOMMENDED  TO BUY ABOVE  305 HIT 360 TARGET ACHIEVED

6.       BUY L&T FIN AT 52  HIT 60  9LONG TERM CALL FOR TARGET 90

7.       YES BANK TOLD TO BUY AT 230 HIT 260 THE VERY NEXT DAY

8.       BHARAT FORGE TOLD TO BUY AT 219 ON AUG 15  TARGET 270 HIT 267 

( I HAVE NOT CALCULATED THE PROFITS MADE IN CASH CALLS AS I HAVE  NOT IDICATED QUATITY )

IS KOTAK MAHADRA BANK HEADING TO TO 550- 520

 EXACTLY ONE MONTH BACK ON JULY 26 I POSTED IN MY BLOG TO SELL KOTAK BANK BELOW 680 FOR TARGETS 630  THE TARGET WAS ACHIVED AND  THE STOCK IS NOT STOPPED FALLING

THIS MY MY  UPDATE ON JULY 26 TH
http://trendzofmarket.blogspot.in/search/label/KOTAK%20MAHINDRA%20BANK

NOW I WISH TO AGAIN HAVE A RE LOOK AT THE STOCK


The stock has been in a super uptrend on long term charts.
600 has been a strong support for last 1 year. Earlier the same was a resistance.
Longer term trend line also comes at 600.
The strategy in such case should be to watch for either strong reversal above recent weekly highs like 650-660 for a reversal or initiate fresh shorts on momentum below 600.
 Sustaining below 600 will open up downsides to 520-550 which has been last 2-3 year lows.

The major reason to look for Kotak is the fact that Bank Nifty has broken major trend lines on long term so many other banking stocks could do the same.

IS IT TIME TO GO SHORT ON TATA STEEL

TATA STEEL – Nearing Resistance.

SELL @ 285 LOT SIZE 1000 SL 295 TGT 260 SELL IN SEPTEMBER SERIES

 

Tata Steel Technical View:

-> Previously the stock had made 3 bottoms around 290-296 zone ( shown by arrows).
-> Post the breakdown the stock did make an attempt to get back above the zone which failed.
-> The stock has seen a huge 40% move with very good volumes.
-> Right now at 285 levels it is getting close to a very important resistance. But there is no change of trend yet.
-> Given the big rally and near resistance can expect a pullback to 260. A short trade can be initiated with stops at 295.

 

WHAT TO DO IN ITC AFTER BREAKING DOWN 200 DMA?

ITC HAS BROKEN 200 DMA ONLY ONCE SINCE MARCH 2009



WHAT HAPPENED ON BREAK DOWN IN 2011



WHAT TO DO NOW

JP ASSOCIATES GETTING READY FOR 30-40% UP MOVE

CAN JP ASSOCIATES DO A  30% PLUS MOVE IN NEXT FEW WEEKS TIME?

Have been Updating paid Clients abt the jp group stocks (news + technicals) whole of  last week ...

Thought of sharing with you guys as well

you must be reading about some of the good news about the Jp group reducing debt etc

Lets look into some headlines that caught my eyes this past week :

Looking to raise around 10,000 cr via asset sales

JP-UltraTech deal likely to be announced this month

JP Power in talks with CESC to sell Bina proj for over 1500 cr

JP Assoc to sell Guj cement unit to UltraTech for approx 4000 cr

JP Power in talks with Gulf-based funds to sell 2 hydro units

JP Power plans to raise close to 4k cr via sale of hydro projects

So in short  

Jaypee Group plans asset sales to reduce debt by 15,000 crore ($2.5 billion)

Now Lets look from the technical point of view for the stock Jp Associates , i'm reposting the charts i mailed to paid clients in last 8-10 days

This one was sent on 15 aug 

 

There was a good breakout chance on last Friday, but somehow due to crash in whole market , it failed . .

Then Yesterday I again mailed the updated chart to paid clients 

 

Now Lets see how Jp Associates Traded Today 

 

As you can see in abv chart , stock moved nearly 5% in last 30 min on huge vols & there was a clear build up on the long side by the traders ... Clearly tells you that's you Should definitely consider going long in this script next week to make some money on this Technical up-move  . . .

Have updated quite a few calls this week on my Facebook page & twitter , hope you liked my work & calls .. I follow strict risk reward on my calls ...If you want to take paid subscription mail me at TRENDZOFMARKET@GMAIL.COM

UGLY START FOR US MARKET

Is S&P 500 Sell on Rally or Buy on Pullback?

How does S&P 500 look on a daily Chart?
Is S&P 500 Buy on Pullback or Sell on Rally? 




S&P 500 was trading at all time high of 1710 in early August. A market that trades at all time high is always an attractive Buy on pullback. Going by this definition – the market is a BUY
But if you purely look at the daily chart – and the way S&P 500 has broken down below 1682-1685 with a large candle – it’s very difficult to build a bullish picture at least based on this set up. Technically – S&P 500 will have to close above 1685 to negate the bearish energy of the market.
Right now, shorts will get jittery on pullback considering overall macro picture of the market. We don’t know how far market can pullback on the upside. The first resistance seems to be 1658-1660 which seems to have held well for now 4 days. A breakout above 1658-1660 will result in some short term short covering push but will that mean return of Bulls — too early to say.

NIFTY AND VIX SET UP

Nifty and India Vix(VOLATILITY INDEX)

Before i start the view lets make it clear was bullish at 5700 a month back and we did see a move from 5600 to 6100 almost but not enough to our minimum target price of 6200.
Since than the big falls in broader market and a crack below 5700-5600 we have become extremely cautious as the trend has broken down and one should be ready for the worst.
Technically the long term trendline since 2008-2009 and recent bottoms have been broken confirming a trend change to the downside. Only difference is broader markets are close to 2011/2012 lows so panic might be a bit slower in quality stocks. Also the weightage is very polarized in Nifty and one needs to now get stock specific.

Now lets go with the India Vix and Nifty co-relation which we generally use in panics or whenever India Vix starts touching 26+ levels.

The current scenario seems very similar to 2011 where we saw a trend line breakdown with S&P downgrading US and next 3-4 months were panicky and volatile.
India Vix is now back to 30. This is generally an indication of panic and fear. There has not been any global correction and if that adds to the market we could be seeing much higher levels.
The last few times what we notice is India Vix either tops at 28-30 or sees a much bigger panic and goes to 35-38 levels and stays there like in 2011.
Given we have a major trend line breakdown like 2011 and the first hit in India Vix it seems we may get into a similar 3-5 months period of bottoming out.
Given the downtrend there is no point taking a number for Nifty as support as there is no guarantee which one will hold.
A good trade can come in when India Vix sees a panic to 33-36 levels with global markets and Nifty makes a sharp dip. Till then it remains a time to stay out and keep wait for low risk-setups either on long/short on particular stocks.
Although trend is down but there will be 8-10% bounces in Nifty after sharp drops which will give trading opportunities on both sides.
 The biggest silver lining is after touching 28-30 India Vix either Nifty makes a quick fix bottom like it kept doing in 2010 or make a 3-5 months bottoming out phase like 2011 which gives a 30-40% bounce ( 2012 ) . We are ruling out a 2008 like scenario because it had a euphoric precedence unlike today.


Conclusion :

Although the trend is clearly down but the silver lining is the fact that India Vix has touched 28-30 levels and fear has already crept in to markets and Nifty generally tends to make durable bottoms very quickly or in 3-5 months . Also this 3-5 months give excellent bottom up buying opportunities for patient traders.

We are keeping the strategy simple. When in doubt stay out. Wait for the right time and right setup. Keep looking for good companies. 

SAY YES TO YES BANK BETWEEN 225- 235

Yes Bank – Short Term Bounce on Cards- Oversold

-> After making a classical top at 540-550 the stock did confirm a major trend reversal by breaking intermediate lows.
-> The chart started looking horrible way back in end of July but given the gap downs could not initiate any short trades.
-> Now the stock has fallen all the way to previous lows of 2010/2011. Can expect a bounce even if it has to fall below the 2011 lows.
-> Given the risk-reward being in favor one can buy at 225-235 with stoploss 215 and review at 260-275. Keep booking partial profits on rise to reduce risk.
-> Also would like to make a specific note that this is a short term trade and long term would still prefer other banks like DCB, City Union or a HDFC Bank ( if it comes to 450) which are much better in their loan practices and so on.

CALL OF THE DAY ACC

CHART MAILED TO CLIENTS TODAY MORNING

ACC - Head & Shoulder Breakdown , can do 10-15% on downside 

SELL  @1100 SL 1145 TARGET 950-930 LOT SIZE 250 

SEE THE RESULT

STOCK WAS IN A FREE FALL  HIT LOW OT 1003  25000 RS PROFIT IN INTRA DAY ITSELF

IS INDIA BACK TO LEHMAN CRISIS?

Well, current economic crisis looks like India’s Lehman moment especially if you look at Govt Bond Yields.

Here’s the Bond Yield Chart of Last 6 years
Current Bond Yield is 9.24%. Technically, we are just few bps below Lehman’s crisis high of 9.46%

 

10 MULTIBAGGERS OF LAST 5 YEARS

10 Stocks which multiplied wealth for investors in the last 5 years

Symbol	Close              on 31 July 2008	Close oN 31 JULY 2013	Times     Multibagger
KAJARIACER	34.05	240.9	7.07
GSKCONS	643	4671.95	7.27
SHREECEM	593.55	4354.75	7.34
NATCOPHARM	72.85	607.1	8.33
VGUARD	55.85	530.15	9.49
PAGEIND	447.9	4375.1	9.77
AJANTPHARM	81.85	939.25	11.48
EICHERMOT	271.95	3489.25	12.83
LAOPALA	23.65	415.8	17.58
TTKPRESTIG	115.05	3616.15	31.43

CAN ITC GIVE A BOUNCE FOR INDEX MANAGEMENT

ITC – Bounce back trade in the Offing ? Index Impact as well.

 

Before i start the post got to remember ITC has a weightage of almost 10% in Nifty and a 10% move in ITC can impact Nifty by 55 points.

-> The stock has been making higher tops and higher bottoms for a long time now.
-> The trend is positive and the last bottom at 310 as well as the trendline and channels now co-incide around 310 odd levels.
> So for now a trade could be buy around 310 odd with stoploss at 300. Upside should be 330-340 where one can review.

Meanwhile on Nifty we have broken the last few months low which confirms the stance to be cautious but given the polarization of weights we may keep seeing major swings. Have some trendline supports at 5400 as well as channels. So a bounce to 5550-5600 seems possible if we hold around this zone. Given that it will be a counter trend trade and the risk of doing that a better way is to go through options of September expiry like a 5700 at 55-60 bucks.

 

HOPE FOR THE BEST BUT BE READY FOR THE WORST: OUTLOOK FOR REST OF 2013

The last 2-3 weeks have been terrible for broader markets but fridays hit on Sensex , Nifty has suddenly made people aware of the crisis.

Given the fact that Bse Midcap, Bse Smallcap, CNX Midcap, Bank Nifty and many other sectoral indices have fallen much before did not ring a bell. But a 750 points drop on Sensex gets the headline – Sensex crashes 750 points on Black Friday and so on.  On this big Black Friday , surprisingly Midcap Indices feel 3% against the 4% drop on benchmark. Seems more like catchup by benchmark index. USD INR has crossed 62.

Before we look at the broader picture lets have a look at the technical picture.



Nifty Technical View
  In my previous views at 5500-5600 was very bullish and even looking at a possibility of 6200 being hit and even getting crossed. Also USD – INR topping out at 59-60.
 After the report we saw a drop to 5570-5600 and a bounce all the way to 6090. Not far from the 6200 band. Luckily we could get a lot of good trades in that period in Nifty.

 Post that the whole bullish side of things went for a toss and have been posting a lot of warnings on why to not go bottom fishing in stocks like Financial Tech or others. ( we did dip into Wockhardt and yes bank  taking a small hit but holding on )

  Although Nifty has been struggling around 5500-5700 but broader market indices have collapsed with mid caps being badly hit.  The reason is the polarization of the Index towards IT, Pharma and defensive's as well as towards the Top 20. In my previous posts over last 2 years have mentioned how Nifty weightages have changed the Nifty

Finally someone took a cue on this side of the index weightage. Crisil has done a good summary of the wieghtages and how Nifty is entirely different from what it was in 2008 and 2013–
Finally someone took a cue on this side of the index weightage. Crisil has done a good summary of the wieghtages and how Nifty is entirely different from what it was in 2008 and 2013–
Nifty on pure technicals without looking at top 10-20 stocks is clearly now in a downtrend but there is no momentum. Some hope comes for a bounce from 5400-5450 with positive divergences, inter-market divergences and highly oversold zones like before. But will that stay for long is the question with Nifty almost close at break of the trendline.
-> The triangle is huge and a pure technical approach gives us a downside of at least 500-700 points or much much more on breakdown. The only reason we are a bit neutral is that not many heavies are on verge of similar breakdowns. Infosys, ITC , Reliance, TCS etc still in good shape.
-> All said and done if it does break down and catches momentum because of USD-INR or other factors one should be ready for the Worst and hope for the Best.
Sensex Technical View

-> Now here comes another intermarket divergence where Sensex has not broken recent lows similar to Nifty and is still above the trendline.
-> There is some hope at 18000-18200 for a short term support.



Bank Nifty Technical View :

 
This is another surprise as over the last 6-7 years we have not seen Bank Nifty go opposite to the Nifty or under perform in such a big way.
-> Comfortably breaking all trend lines and now approaching ( 4800 levels of Nifty ) at 9000-9200 where we can have some short term bounce.
-> The trend has definitely changed down and the risk is with banks like HDFC, Kotak which have been holding fort in previous corrections.
-> PSU banks have been damaged so badly that it stinks of something terrible in them or the biggest over reaction in last 10 years with lowest price-book and highest div yields like 9-11% in some cases. ( Dividends may be reduced big time next year it seems)

BSE SMALLCAP  '

 
-> The biggest hit has been smallcaps where stocks have dropped 95% from peak also or even more.
-> It is even below 2011 December lows !

BSE MIDCAP TECHNICAL VIEW -

-> This is not far from December 2011 lows ( Nifty 4500). It is because of some quality midcaps with big weightage the index still looks ok. Else its a mayhem for many midcap companies.


Now come to the part of how to trade this market.
Midcaps have been damaged, Smallcaps killed and Index still holding on. There can be further damage to largecaps but at some price many midcaps will be way too value and find a base. Largecaps are pretty well priced with many stocks at 30-40 p-es and p-b of 4-5 for some banks.
At the same time some stocks are in superb uptrends and giving new all time highs.
So it is now a time to be very stock specific – Look at the trades we suggested like Biocon, Tech Mahindra, Bharti Airtel and many more which have performed even in this markets.

Simply put ——– Be very careful, patient, conserve capital and be very stock specific. Because even a wrong short trade will also be a bad hit.

Now coming to other thoughts

In last few weeks have met a lot of people in various industries and absolutely no one seems to be happy with the business apart from friends in IT space ( jobs and startups ). Rather there is a serious downturn in many business ,verge of closing down , huge losses, piled up inventories, reduced ad spends and so on. Fresh graduates, CAs, MBAs are having a rather tough time finding good jobs and worst part is the education fees were never so high. I remember doing my engineering course of 4 years for 60-70k in 2002-2006 and in 10 years now that does not pay up even for a year in schools or engineering colleges. ( MBAs are way to costly, Studying Abroad is up 20% in 2 months ).

Recent news of 300-600 people being laid off by Network 18 is terrible. Because there is never just one company laying off. When it starts it goes on like a chain reaction. Its like a deja vu ( 2008 ) but will this time will we be out of it soon because of improved sentiments. ( Rise of 2009 in elections. Can 2014 elections do the same? ). Really dont know the answer to this.

People in equities have already seen a 5 year rut and many linked businesses have started closing since a couple of years. Also markets tend to be 6-12 months earlier than the real economy. So next few quarters can be terrible for businesses , jobs and so on but will hopefully lead to a major panic bottom for Equities ( not just the benchmark)

But this is how life is with ups and downs. Businesses, jobs etc and so on. Here i would like to put an old wisdom which an old investor says – Ye Waqt Guzar Jayega , No Situation is Permanent or Forever. In every adversity lies and Opportunity for the Future.

Believe that this is the right time to enjoy the time with friends,family and take the pleasure of small things than to crib , debate, sulk about the economy . Because a year of bad times you crib and when the cycle rolls up we are back working more than ever !

Also this time around if you have not put some investments do so in small lots of 5-10 % of your allocation every month for next 10-12 months and you will be rewarded.

 

BULLS are trying to kickstart BHARAT FORGE

 

Here’s the Chart

 

Bharat Forge post earnings made a big surge and generally that’s how stock starts its momentum journey. If there is follow through and stock during consolidation does not decline below 219 – then one can look at target of 270 on upside. 
The Problem
When stocks are in downtrend, they make so many false starts that it becomes difficult to bet on the right one. It’s like trying to start a bike which you keep kicking hoping this effort will work. We don’t know whether this effort will succeed. One can attempt a trade with 219 as stop loss knowing fully well that risks are high.

TATA MOT DVR CAN TEST 175-190 IN SHORT TERM

Reco Tata mot dvr fut as a buy FOR PAID CLEINTSon wednesday @ 144 & Stock did 152 intraday ( lot 2000) PROFIT 16000 RS

AS OF NOW AS US MARKET IS TRADING 200 POINT DOWN CAN EXPECT TATA MOTORS TO START WITH A GAP DOWN WHICH WILL PRESENT US ANOTHER EXCELLENT BUYING OPPORTUNITY
 

Lets look at the Technical Reason behind the buy call

 

HOW'S TATA MOT LOOKING TECHNICALLY ??

 

Clearly , Tata Mot is nearing its all time highs @ 337-40 ...but its dvr is 25% away from its all time high of 190 , so there may be a case of catching up with original share price & Dvr might move more than Tata mot from now on !!

Hope you find this post useful , plz forward it to your friends 

SHORT TERM BUY GLENMARK PHARMA

This Stock has been my Favourite Pick over the Years & I've been recommending it on Regular basis

HAVE RECOMMEND IT WHILE IT WAS TRADING AT 170 2 YEAR BACK AGIAN AT 300 LEVELS AND 420 LEVELS 

NOW AGAIN IAM GIVING A FRESH BUY CALL ON THE STOCK

Buy Glenmark @ 530-20 SL below 505 Possible Tgt 620-650 

 
 

S&P500 is make or break level=1685?

Why 1685 on S&P500 is make or break level?

 

 

 

Today is going to be interesting day on US markets. Everyone will be watching just one level i.e. 1685. Here’s why

Have a Look at last 19 trading days: Watch the Support
 
As you can see in the chart above: S&P500 has maintained its head above 1685 since last 19 trading days. Yesterday, market closed with weakness just at 1685. Hence, any follow through weakness today will breach that level. But will Bulls give up so easily.
US market flat in August
US market has gone nowhere in August but look at global markets in August: Most of them have made impressive comeback -
Brazil: 6.1%
China: 5.3%
Mexico: 4.0%
Germany: 1.9%

Decisive breakdown below 1685 will set the market for decline to 50 day moving average which stands at 1655. At the time of writing this post – Futures were sharply lower. So, lets see what happens