Follow Up Calls

CMP Tata Global 161. Hold your positions for the target. 

What to Trade Next Week?

Fresh Trade to Open:

Buy TATA Global CMP 156.75 for the Target Price of 166+

Market View: Market is making life high every day. We are expecting this to continue for coming months. Nifty may touch 8700-9000 by the end of Jan’2014. Market may touch 8700 if RBI announce any liquidity measure by announcing much awaited Interest Rate Cut in the month of Dec itself.

Follow Up Calls

Last week we gave call for Hero Moto at the price of 2604 with the target price of 2750. Stock made high of 2839.85 during the week. All traders advised to Book the profits.

What to Trade Next Week?

Market is witnessing good support around 7800. In my personal view market is ready for next big move up to 8200. We can expect Nifty to touch 8200 before Diwali. For the month of September market may trade within the range of 7900 – 8100. It is advisable to be stock specific as many of the stocks trading at March Lows. Oil stocks are performing good so stay long on IOC, ONGC and Cairn.

Our last call for IOC has achieved our target price of 370. Hoping you all have booked your profits.

Fresh Trade to Open:

BHEL CMP 240.90 for the Target Price of 270

Hero Moto CMP 2604 for the Target Price of 2750

Previous Open Trades:

ALL Bank call given at 141.75 for the TGT Price of 150-160

Closed Trades: ITC Call given at 331 CMP at 357. TGT Achieved HDFC Call given at 983 CMP at 1067. TGT Achieved Bank of Baroda  CMP 862 for the TGT Price of 910+. Target achieved in within 30 days. IOC Call given at 338 TGT 370 achieved

Follow Up Calls

Last week we gave call for IOC at the price of 338 with the target price of 370. Stock made high of 373.50 during the week. All traders advised to Book the profits.

What to Trade Next Week?

Market remained in range bound from last few weeks between 7500 – 7800. We are expecting this range to breach anytime in Aug or Sept. We are suggesting to be on long side for coming few months. However stock picking is very important. We are suggesting to be long in market with mix of Power and Oil Stocks.

Our last call for Bank of Baroda has achieved our target price of 910 twice last week. Hoping you all have   booked your profits.

Fresh Trade to Open:

IOC CMP 338 for the Target Price of 370

Previous Open Trades:

ALL Bank call given at 141.75 for the TGT Price of 150-160

Closed Trades: ITC Call given at 331 CMP at 357. TGT AchievedHDFC Call given at 983 CMP at 1067. TGT AchievedBank of Baroda  CMP 862 for the TGT Price of 910+. Target achieved in within 30 days.

What to Trade Next Week?

Market traded last week as per our expectation, after making a High of 7840 nifty closed around 7790 right above the immediate support level of 7770. Now next week going to be expiry week and we are expecting market to trade within the range of 7700 to 7850. Our next target for nifty would be 7900 which should be achieved in next two weeks.

 

Fresh Trade to Open:

 

Bank of Baroda  CMP 862 for the TGT Price of 910+

 

Close Trades:

 

ITC Call given at 331 CMP at 357. Book your Profits

HDTC Call given at 983 CMP at 1067. Book your Profits

 

Previous Open Trades:

ALLBank call given at 141.75 for the TGT Price of 150-160

What to Trade Next Week?

With an improvement in Macro-Economic Numbers with Inflation coming down to multi-month lows & IIP data showing a good improvement, revival in Monsoon, crude moving down around 107 $ per barrel & acceleration in FII Flows have led the Index to closed in green.

Expect Nifty to find support around 7570 & till this support zone holds, can further move up to 7800.

Fresh Trade to Open:

HDFC  CMP 983 for the TGT Price of 1000+

Open Trades:

ITC CMP 331 for the TGT Price of 360
ALLBank CMP 141.75 for the TGT Price of 150-160

What to Trade?

I am still expecting Nifty to touch 8000 next week. Traders should now trade carefully and only buy good quality stocks.

Trading Calls:

Exit your positions from Tata Motors as last given TGT of 470 is achieved now.


Fresh Trade to Open:

ITC CMP 331 for the TGT Price of 360
ALLBank CMP 141.75 for the TGT Price of 150-160

Follow Up Calls

Lupin Touched 995 of weekly high...traders can exit their positions...

Nifty Suggesting possible rally upto 8000

As indicated in my last post market may heading towards 8000 by the end of the year, looking at the current situation it seems we achieve by the first week of July'2014. It appears to be body of the bull run. It is right time to buy some good quality suggest. Although Mid Cap and Small Cap is providing good returns on investment currently I simple prefer to avoid them. This is market is completely buy on dips market. My Next pick at CMP would be Tata Motors (CMP - 439) for tgt price of 470 in near short term.

Total Open Calls:

Lupin for the TGT Price of 1000
Tata Motors for the TGT Price of 470

Nifty@7200 What is next?

You must have this question in your mind what next Nifty can achieve? This time I feel nifty should achieve 8000 in next one year, but that does not mean that we should start buying now.. In my opinion this market is now Buy on Dips for entire year. For the next week I would suggest to be on short side on intraday basis. Avoid taking overnight short positions. Only Buy call I think of now is Lupin @ CMP 958.65 for short term upside of 5-10%.

Last Week follow Up..

Last week was proved as good week. First four days of the week market traded in negative to flat zone. But the last day was roller coaster day. I hope all shorter has exited their positions on time, and all the traders who opened long positions has made handsome gains. Next week going to be very volatile so I would advised to stay a side from the market for one week. So no trading calls this week.

S.No	Stock	Date	Previous Week  Price	Buy SL	Short SL	Trade Type	High V/S Low
1	ACC	02-05-2014	1285.75	1274		Long	1347/1261
2	Albk	02-05-2014	101.65	97		Long	105.80/90.10
3	Asian Paint	02-05-2014	511.45	505		Long	524.45/503
4	BOB	02-05-2014	801.25		821/830	Short	833.60/790.50
5	Bharti	02-05-2014	325.6		332	Short	327.60/305.25
6	Coal India	02-05-2014	295.3	290		Long	310/292.95
7	DLF	02-05-2014	139.8	135.4		Long	145.90/137.60
8	HDFC	02-05-2014	910.95	890		Long	912.15/840.55
9	Hindalco	02-05-2014	131.65	126		Long	144.70/129.85
10	ICICI	02-05-2014	1252.4		1265	Short	1390.90/1238
11	LT	02-05-2014	1263.55		1310	Short	1348.95/1251.20
12	PNB	02-05-2014	776.05		800	Short	821.90/771.30
13	RIL	02-05-2014	928.1		950	Short	999/925
14	SBIN	02-05-2014	2048.2		2110	Short	2185.20/2035
15	TCS	02-05-2014	2208.45	2180		Long	2229/2140.10
16	Tata Motors	02-05-2014	414.75		424	Short	429.10/408.5
17	Tata Power	02-05-2014	80.15	78		Long	81/75.65
18	Tata Steel	02-05-2014	390.05		407	Short	420.75/388.85

What to trade next week.....

Coming week is going to be very volatile. Market can move any side. We should trade strictly with the stop loss. My view is to be on positive side. Nifty 6580 is going to be major support. Long should not to be below 6580 levels. Broader range could be between 6580-6790. Below is few of the trend which we can follow for short term.

S.No	Stock	Date	CMP	Buy SL	Short SL	Trade Type
1	ACC	02-05-2014	1285.75	1274		Long
2	Albk	02-05-2014	101.65	97		Long
3	Asian Paint	02-05-2014	511.45	505		Long
4	BOB	02-05-2014	801.25		821/830	Short
5	Bharti	02-05-2014	325.6		332	Short
6	Coal India	02-05-2014	295.3	290		Long
7	DLF	02-05-2014	139.8	135.4		Long
8	HDFC	02-05-2014	910.95	890		Long
9	Hindalco	02-05-2014	131.65	126		Long
10	ICICI	02-05-2014	1252.4		1265	Short
11	LT	02-05-2014	1263.55		1310	Short
12	PNB	02-05-2014	776.05		800	Short
13	RIL	02-05-2014	928.1		950	Short
14	SBIN	02-05-2014	2048.2		2110	Short
15	TCS	02-05-2014	2208.45	2180		Long
16	Tata Motors	02-05-2014	414.75		424	Short
17	Tata Power	02-05-2014	80.15	78		Long
18	Tata Steel	02-05-2014	390.05		407	Short