Wednesday, 18 December 2013

CIPLA A MUST BUY FOR PULL BACK TRADE

 RECOMMENDED TO BUY CIPLA FOR A PULL BACK TRADE

BUY CIPLA @ 375 LOT SIZE 500 SL 360  HIT 396 NOW PROFIT 10000 RS

NOW LONG TERM HOLDERS CAN HAVE A DEEP LOOK IN TO THE STOCK

OUR MAIL TO PAID CLIENTS ON 16 TH DEC

Cipla broke out above 360 to New HIGH in August 2012 and 1.5 years later: stock is just at 375 now But this pullback looks like excellent investment opportunity.

Here’s the Cipla Weekly Chart

As you can see in the chart above – Cipla broke out above 360 to New HIGH in August 2012. Post Breakout and lots of consolidation – stock rallied to 450. But in last few months, stock has pulled back and is now at 100 week ma.
Trading Rule: Breakout that has sustained so long becomes excellent buying opportunity at moving average
One can look to buy Cipla at 100 week ma with closing stop loss of 3% below 100 week ma.

BUY CIPLA AT 375  IN FUT FOR SHORT TERM CLOSING SL  BELOW 360 IN CASH TGT 400-415 SIZE 500

LONG TERM CLINETS TO CAN ADD STOCK IN THE PORTFOLIO BUY AT 375 SL 350 ON CLOSING BASIC TARGET 430 AND BEYOND THAT FOR FRESH ALL TIME HIGHS OF 475- 500 IN MONTHS TO COME



STATE OF MARKET AHEAD OF FOMC AND RBI POLICY TODAY

POSTING SENSEX CHART as its more trustworthy then NIFTY !!


SENSEX 20.5K (Nifty 6100) is the Support I'll be looking for now ..

Two imp Events Coming this week , FED meeting on 18th night and RBI policy on 18th Morning which should decide the fate of our Market ..

Now Technically is 20.5K Gets Broken then We'll Slip Fast to 20.1K and 20K levels on Sensex (  5970-5950 Nifty ) And then Their could be a Fall to 19.5K to 19K levels Very Verly Quicky  (Even in 1-2 days only) That Will be Some Panic Selling & Bears Will have an Upper Hand that time after a Long time..

BANK NIFTY  Supp @ 11.3-11.1K around and once that 11000 mark is broken then We can see a Quick 5-10% crack in Bank Nifty ( A 50 BPS rate Hike on 18th is Perfect Catalyst for the Crackdown ) The 11000 Bank nifty puts Which Are Trading @ 100-80 Can do 700-1000 also If We Get a 50 BPS rate Hike on 18th ...

Lets Now Look Into the Technical Charts :
SENSEX WEEKY 
 
BANK NIFTY


Some Short Selling Ideas 

1. A NIFTY HEAVY WEIGHT ONLY TO CLIENTS
2.ANOTHER NIFTY HEAVY WEIGHT ONLY TO CLIENTS

3. BANK BARODA