Monday, July 25, 2016

Monday: Won’t top out today for Nifty

A note to new visitors waiting for a trade: A new trade will come on Tuesday-Wednesday (tomorrow/day after). Please go through Strategy page and prerequisites mentioned there in before trading.

Time wave Nifty Analysis: Medium term sub wave is ending on 26-27 July. Short term time wave is yet to confirm if the trend will bend. Currently TD1 -the impulsive wave is NOT yet finished and TD2 has not started. The nature of this TD2 wave will decide whether even the next sub wave is up or not. ( TD stands for Trend directive). 

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Tuesday, October 6, 2015

Stock Intraday Tips For Tomorrow: 7th October

Stock Tips Tomorrow, Intraday Tips tomorrow, Share Market Tomorrow, Nifty Trend Tomorrow

The market sustained its upward momentum for the fifth consecutive session Tuesday on stability in global peers post deferral of Fed rate hike and renewed buying interest in most beaten down quality stocks. The Sensex gained 5 percent and the Nifty rallied 4.6 percent in five sessions on buying across sectors. Experts see another 1-2 percent rally amid consolidation in near term ahead of September quarter earnings that will start on Monday with Infosys. The Nifty is likely to see levels of 8350 in the short-term move, says Shubham Agarwal of Motilal Oswal Securities. Anand Kumar, Bank of America Merrill Lynch says despite the recent downgrades, aggregate Sensex earnings expectations for FY16 continue to remain high. Consensus Sensex EPS growth for FY16 is nearly 17 percent on a bottom-up basis. He expects this to get downgraded to 8-10 percent. The 30-share BSE Sensex climbed 147.33 points to 26932.88, which was 67 points away from 27000-mark. The 50-share NSE Nifty rallied 33.60 points to 8152.90 amid consolidation. On the global front, global markets gained strength after the strong rally on Wall Street overnight. Japan's Nikkei, Singapore's Straits Times, South Korea's Kopsi ended higher by 0.6-1.6 percent but Hang Seng saw profit booking. In Europe, FTSE, CAC and DAX reversed opening losses to trade higher despite weak industrial orders data from Germany. Back home, CNX Energy, Metal, Pharma and FMCG indices were the leading gainers, up 1-2.6 percent.

Stock Intraday Tips Tomorrow: 7th October
  • Buy BPCL with a strict stop loss of Rs 850 for the upside target of Rs 920.
  • Buy Torrent Pharma for shorter-term target price of Rs 1,800 and in the long-term it could do much more.
  • Sell Amtek Auto as per its annual reports

Tuesday, September 1, 2015

MCX Commodity Intraday Calls For Today: 1st Sept 2015

Sharp decline in the global market has a strong impact on the domestic market too. MCX Crude open with a strong decline. However, because of confusion in rising interest rates in US, the bullion is trading sluggish. On the other hand in Base Metals is trading down due to prospect of fall in demand from China. In Agri commodities mustard, refined grains are looking weak for today.
MCX Gold October futures is trading with a downtrend of 0.07 percent at Rs 26642 per ten grams. While silver prices also slipped 0.27 percent and has come to Rs 34284 per kg. Crude oil is trading at 2963 by losing 1.40 per cent today. Base metals also fell by 0.25 to 0.60 percent.

Market Eyes on Fed meeting

All eyes are on The US central bank Federal Reserve's meeting on September 16 and 17. Indeed, this meeting may indicate an increase in US interest rates. If interest rates rise then major currency will see a sharply bull trend against the dollar index and also it will have a negative impact on commodity prices.

MCX Commodity Intraday Calls For Today

MCX Gold October futures Buy between 26480 to 26530 level to get the intraday target of 26750 and 26780 also put a stoploss at 26350
MCX Nickel September futures Buy at a price range of 658-660 with a stop loss at 648 and set an intraday target of 675 and 680 level
MCX Crude oil September futures Buy Intraday at 2920 level for the target of 3020 and 3120 level with a stoploss at 2850 level.

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