Nifty and Indian stocks

INFOSYS TECHNOLOGIES

Infosys has become an episodic scrip i.e see the gaps on the day of every quarterly result.See the circles showing the gaps.

SOME STOCKS READY FOR BREAKOUT

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk

STOCKS GOOD FOR DAY ONLY 14/01/2013[/COLOR/]

CLARIANT

LUPIN

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk

RECAP OF MY RECOMMENDATIONS GIVEN YESTERDAY

Clariant

Triggered buy at 620.05 and went upto 625.

Lupin

Triggered sell at 584.20 and went to a low of 576.

S&P CNX NIFTY (6,024.05) +72.75 +1.22 %



CALLS FOR THE DAY 15/01/2013

The calls are good for the day only.

Do not enter at the open.Wait for 15 -20 mins for the market to settle down.

If the Opening price has already triggered the entry, avoid the counter.

Sometimes it may trigger entries both sides, then take entries likewise or get out at the stop.

Buy means "buy above" and sell means "sell below".Take position whichever side triggers first.

Standard Chartered Plc

Buy 118.55 stop 116.45

Sell 116.45 stop 118.55

TV TODAY


Buy 84.80 stop 81.95

Sell 81.90 stop 84.80

Financial Tech

Buy 1146.05 Stop 1122.9

Sell 1122.9 Stop 1146.05

HDFC Bank

Buy 670.55 Stop 666.90

Sell 666.90 Stop 670.55

Educomp


Buy 142.25 Stop 139.95

Sell 139.95 Stop 142.25

My picks for tomorrow - 15-01-2013

1) EXCELINFO
2) IMPEXFERRO

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

Recap of yesterdays recommendations.

3 out of 5 scrips triggered at the opening price and 2 scrips triggered before 9.25 AM.See the rules of trading, I had mentioned in my previous post i.e not to trade if opening price triggers the trade or if trade gets initiated before 9.30 AM .So none of the trades were to be taken. Preferably start trading my recommendations after 9.45 AM only once the market settles.


TATA COFFEE

A beautiful pennant .Buy above 1631 for target of 1800 + ,This is a positional trade.Once trade is initiated stoploss below 1575.

! Badman.. is here.. so happy.. make it regular here bro..

I Bookmarked this thread.:clapping:

Now your opinion requested:

Flags seen in VADILALIND, excel crop, .. what is your view on it?

Finally.. is there any kind of afl available to find the pennant or flag formation?

Sir, both Vadilal and Excel crop are not flags from strict sense of book patterns.But you can consider both these scrips as consolidation patterns after a big green Bar and any breakout from these zones can be traded.Vadilal is a big triangle and a lovely pattern.

Flags on the other hand are after a straight upmove the scrip consolidates with low volume and then breaks out .Irregularity of volume voids it.

But nevertheless, patterns mentioned by you are good for breakout trades despite having one or two irregular volume bars.Regarding afl's I do not remember since I have stopped using Amibroker may be for more than 2 years.If you need the logic just see if you can say like

Today's hi < yesterday's hi, Yesterday's hi < day before yesterday .... do so for 3 to 5 days.If u get these type of patterns for less than 5-7 days, their breakouts will give good results.
Regards

My pics for today

1) rohltd
2) bimetal
3) edelweiss

S&P CNX NIFTY (6,001.85) -54.75 -0.90 %

Nifty fell by 54 points and the CAUSE lies in yesterday hourly chart.There is a DOJI in hourly chart yesterday.So wait for the markets to correct.Support area is around 5915 5939 marked by the blue colour.6068.5 which is the top of the DOJI will be formidable resistance to cross in the coming days.

Devadas sir ji..

Have you watched the furious move that tata coffee had this morning.. it flew in seconds to 1642 from 1578..

And btw, my question as clarification is.. tata coffee hit the buy levels of 1631.. as said by you..though it did not sustain long there.. CAN WE TAKE POSITIONAL ENTRY now, as the cmp is somewhere in 1608..

or we have to wait for a close above 1631.

Thanks and regards
Saivenkat