Charts for the Day

[anil_s_trivedi]

Akzo nobel cleared resistance zone...now weak only below 200 SMA...

 

[anil_s_trivedi]

Nifty almost flat holding on basis of Reliance UP by 4%....The names in top percntage gainers on my watchlist are southbank , torrentpharma, beml, reliance, niit, iocl...

While loosers are bank stocks...like hdfc...icici, axis...

Dont know whats cooking...but not good signs...

Anyways, today we will be getting weekly close/monthly close/ quarterly close...so its a important level coming in...

 

[anil_s_trivedi]

ACC was a nice setup today for longs...a clean move above 1430 was a good one...now weak below 1410 only...

 

[monkeybusiness]

Nifty almost flat holding on basis of Reliance UP by 4%....The names in top percntage gainers on my watchlist are southbank , torrentpharma, beml, reliance, niit, iocl...

While loosers are bank stocks...like hdfc...icici, axis...

Dont know whats cooking...but not good signs...

Anyways, today we will be getting weekly close/monthly close/ quarterly close...so its a important level coming in...

Anil Sir,

long back one old timer a stock broker by profession told some interesting things about bull market. Reliance doesn't participate in bull run in first and second phase, in third phase Reliance joins bull market, in forth phase Reliance still in bull run but doesn't makes much progress. At the middle/end of fourth phase Syndhia steam navigation and Karnataka Ball Bearings start leading rallies taking market into final fifth phase. Then some greedy souls are left holding the bag for may be decade or two.

Let's see how it fans out this time.

 

[anil_s_trivedi]

Anil Sir,

long back one old timer a stock broker by profession told some interesting things about bull market. Reliance doesn't participate in bull run in first and second phase, in third phase Reliance joins bull market, in forth phase Reliance still in bull run but doesn't makes much progress. At the middle/end of fourth phase Syndhia steam navigation and Karnataka Ball Bearings start leading rallies taking market into final fifth phase. Then some greedy souls are left holding the bag for may be decade or two.

Let's see how it fans out this time.

Man those old traders know better as they have seen cycles in/out many times...

By the way i am not that much bearish on nifty...its just i observed what is on the screen...as long as nifty is above 50/200 SMA no need to worry...But yes excellent rotations going on since this leg...and notably this midcaps are having last laugh...so just trading with tight stoploss...

 

[anil_s_trivedi]

Berger paints if breakout above 234 good candidate to for upside...

 

[anil_s_trivedi]

LIC into ATH territory...upper TL resistance coming in at 660 zone...

 

[vivektrader]

LIC into ATH territory...upper TL resistance coming in at 660 zone...

Anil sir, as per your opinion, what price band for entry is appropriate for dmart from long term portfolio perspective?

Vivek

 

[anil_s_trivedi]

Anil sir, as per your opinion, what price band for entry is appropriate for dmart from long term portfolio perspective?

Vivek

Its a newly listed one, so with lesser data from hourly chart i see band of 617-622 is a good zone with SL below 600 levels...

 

[anil_s_trivedi]

This is pure churning happening in PFC...see there is no price progression on upside despite heavy volumes coming on...Also todays action of price moving back below trendline resistance with high volumes indicate selling is there...

Remember this simple patterns whenever you observe price-volume relationship after stock had significant runup...