Greetings for Independence day !
There is an interesting article by Warren Buffett.
You can read full article by clicking on this link.
Tuesday, August 16, 2011
Tuesday, April 12, 2011
Nifty may retrace to 5650-5700. All Eye on Infosys results.
Nifty has had a negative closing week after a strong run up to key resistance level of 5950.It may retrace back to 5650-5700. This zone offers a good buying opportunity. Market will look for Infosys results to be announced on next Friday.
Meanwhile , Pharma stocks are showing some signs of strength.Ajanta Pharma has made multiple bottom at 195 and offers good buying opportunity at 220-225 with strong support at 200 and the next target seems to be 250-260-270. It has broken out with huge surge in volume.Biocon and JB Pharma are another stocks in this space which are showing relative strength. Here one thing is to noted that JB Pharma is trading at life time high and life time highs should always be bought.It has support at 130 and traget is 200.
Something is happening in Graphite space.Stocks like Graphite India and HEG are showing buying patterns on the charts.
Meanwhile , Pharma stocks are showing some signs of strength.Ajanta Pharma has made multiple bottom at 195 and offers good buying opportunity at 220-225 with strong support at 200 and the next target seems to be 250-260-270. It has broken out with huge surge in volume.Biocon and JB Pharma are another stocks in this space which are showing relative strength. Here one thing is to noted that JB Pharma is trading at life time high and life time highs should always be bought.It has support at 130 and traget is 200.
Something is happening in Graphite space.Stocks like Graphite India and HEG are showing buying patterns on the charts.
Monday, March 28, 2011
Nifty above all moving averages
Nifty broke out of the trading range of 5400-5550 and broke out of this range and closed above all the moving averages . Nifty may find base here and then move upwards.
Banking stocks are strong on charts. Bank of Baroda, Yes bank are poised to move up. Raymond has also broke out with good volumes.ABG ship yard, VIP can also be bought on dips.
Banking stocks are strong on charts. Bank of Baroda, Yes bank are poised to move up. Raymond has also broke out with good volumes.ABG ship yard, VIP can also be bought on dips.
Sunday, March 13, 2011
Geopolitical events will lead to volatility
Nifty again found support at 5400 again for the second time in the last week and closed at 5445. Now 5150 and 5250 remain two key support levels and resistances are at 5530-5550 and 5600.
For the coming week market participants will closely watch the damage caused by the tragedy and destruction from Japan's massive earth quake and tsunami. There will also be concern about the potential for more unrest in the Middle East, and have lingering fear about Europe's sovereign debt problems. The market is also likely to get affected by the direction of oil price.
Therefore, market may remain volatile in the coming week.
Bata India, Jubilant foods, Coromadel are tarding above all the moving averages and are showing relative strength.
For the coming week market participants will closely watch the damage caused by the tragedy and destruction from Japan's massive earth quake and tsunami. There will also be concern about the potential for more unrest in the Middle East, and have lingering fear about Europe's sovereign debt problems. The market is also likely to get affected by the direction of oil price.
Therefore, market may remain volatile in the coming week.
Bata India, Jubilant foods, Coromadel are tarding above all the moving averages and are showing relative strength.
Monday, February 14, 2011
Nifty above 5300 : needs to sustain above it
Nifty did go below 5300 thus violating a crucial pivot point but had an equally sharp bounce back. The improvement in geo -political situation may also improve sentiments and lower crude prices will augur well for Oil Marketing companies like BPCL, HPCL and IOC.
Banks stocks had a sharp bounce back and may continue to rise further. Budget related stocks from fertilizer sectors like United Phosphorous are expected to do well .
Jubilant foods , Kiri dyes are good long term bets at this satge.
Inflation is expected to cool down in coming months and China is also tightening its credit policy this will result in softening of commodity prices which again help in cooling off inflationary pressure.Therefore, this dip offers an opportunity to buy with 25 % of your capital ( out of capital allocated for equity investment)
As long as Nifty is able to trade above 5300 the longer term bull market remains intact.
Banks stocks had a sharp bounce back and may continue to rise further. Budget related stocks from fertilizer sectors like United Phosphorous are expected to do well .
Jubilant foods , Kiri dyes are good long term bets at this satge.
Inflation is expected to cool down in coming months and China is also tightening its credit policy this will result in softening of commodity prices which again help in cooling off inflationary pressure.Therefore, this dip offers an opportunity to buy with 25 % of your capital ( out of capital allocated for equity investment)
As long as Nifty is able to trade above 5300 the longer term bull market remains intact.
Monday, February 7, 2011
5300 is crucial now : Buy Kiri dyes in small qunatity
Nifty made a down move as we wrote this probability of its going down in our earlier post. Now as per the Dow theory as long as Nifty is able to trade above 5300 the bull market remains intact . Nifty going below 5300 will be a sign of reversal of uptrend on weekly charts . If this happens then then the long term trend line on Nifty weekly charts will be violated and the markets will be in bear phase.
Lets see how the events fan out in the coming week. Rising Inflation is already priced in. Geopolitical tension is likely to subside and back home the focus will be on budget session.
Pharma , Fertilizer and IT stocks will be on our radar .
Kiri dyes and chemicals offer a good buying opportunity for long term investment of one year horizon. One should buy in small quantity by buying 25 % at a time.
Lets see how the events fan out in the coming week. Rising Inflation is already priced in. Geopolitical tension is likely to subside and back home the focus will be on budget session.
Pharma , Fertilizer and IT stocks will be on our radar .
Kiri dyes and chemicals offer a good buying opportunity for long term investment of one year horizon. One should buy in small quantity by buying 25 % at a time.
Monday, January 31, 2011
Nifty Below 200 EMa: Inflation and geo Political Head winds take toll
Nifty is now trading below 200 EMA . Rising food inflation, Geo Political Tensions in Egypt resulted in negative sentiments. We see some more downside till 5300-5400 levels with bouts of volatility in coming few days. Thereafter market participants will look for the union budget and how the Government plan to go ahead with reforms. Banking stock have corrected a lot and offer opportunity to buy at every decline.Though development in Egpyt may see rise in Crude oil prices and fear of third oil shock.
Sunday, January 16, 2011
History Of Nifty Corrections
Nifty was able to close a tad higher above 200 EMA on Friday . readers of this blog may remember that as per the Chart History this correction to 200 EMA was on inevitable.
One can refer to our earlier post on this topic:
http://swingtradingideas.blogspot.com/2010/11/history-of-nifty-corrections.html
Rising food inflation, Rising Interest rate , Fear of European debt crisis will play for short term and many analyst will predict a bear market and ask investors to stay away from this market. But just going by Chart History these corrections to 200 EMA or even below it are common .
If we track history of Nifty Charts from 2003 : start of bull market then Nifty traded below 200 EMA in June 2004 , April 2005, June 2006 , July 2006 and March 2007 and after breaching these levels it bounced back above 200 EMA and resumed its uptrend. In the present scenario the same thing will happen at the worst Nifty may retest 5500-5550 . Nifty may form a base here , there is no Euphoria like we witnessed in January 2008 . Therefore, these corrections offer buying opportunities.
One can refer to our earlier post on this topic:
http://swingtradingideas.blogspot.com/2010/11/history-of-nifty-corrections.html
Rising food inflation, Rising Interest rate , Fear of European debt crisis will play for short term and many analyst will predict a bear market and ask investors to stay away from this market. But just going by Chart History these corrections to 200 EMA or even below it are common .
If we track history of Nifty Charts from 2003 : start of bull market then Nifty traded below 200 EMA in June 2004 , April 2005, June 2006 , July 2006 and March 2007 and after breaching these levels it bounced back above 200 EMA and resumed its uptrend. In the present scenario the same thing will happen at the worst Nifty may retest 5500-5550 . Nifty may form a base here , there is no Euphoria like we witnessed in January 2008 . Therefore, these corrections offer buying opportunities.
Tuesday, January 4, 2011
Jindal Poly : on the verge of breakout
Jindal Poly had very interesting pattern on charts . It is consolidating with narrow daily range and without retracing below 20 EMA. It has been trading in a range of 15-20 points for the past four days .The volumes are also low which shows accumlation .Once the stock is able to trade above 545 then it may see explosive moves which can take it to 600 and 620 .It has strong support at 500.
Voltas and godrej Industries have also seem to come out of woods.
Voltas and godrej Industries have also seem to come out of woods.
Power of Chart Analysis
We posted earlier on our blog about the chart patterns of Orchid Chemical, Lupin, Bio Con, TaTa Chemiclas , Arvind and Nagarjuna Construnction.
The bottoming out patterns were there and once Nifty was able to take the key resistance level of 6070 there was no looking back for these stocks.
We were early to identify the pattern and once market support was there these stocks out performed. Therefore, one need to identify the chart patterns , identify low risk entry areas and then wait for the things to fold out .
The bottoming out patterns were there and once Nifty was able to take the key resistance level of 6070 there was no looking back for these stocks.
We were early to identify the pattern and once market support was there these stocks out performed. Therefore, one need to identify the chart patterns , identify low risk entry areas and then wait for the things to fold out .
Sunday, January 2, 2011
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