Market Outlook & Trading Calls

Today we are seeing the Asian Markets in a negative mood and yesterday European and US Markets have ended flat. Hence, it is possible that Indian Markets start the day in a low. Maintain strict stop loss while trading

Symbol	S2	S1	PIVOT	R1	R2
NIFTY	4559	4606	4637	4683	4715
ADANIPOWER	100	102	103	105	106
BAJAJHIND	174	176	178	179	181
FORTIS	107	112	117	121	126
GMRINFRA	133	135	137	140	142
HARRMALAYA	94	100	104	110	114
HINDALCO	104	106	108	111	113

Thank you for joining us in this discussion

Happy Trading!
Day Trading Analyst

Pre-Market Outlook

Today amidst strong global cues, where Chinese Market has remarkably recovered, we can also see a similar rally in Indian Markets.

Nifty has tough resistance at 4615, 4642 levels, and has a strong support at 4249 and 4400 levels.

We will not be posting any trading calls today. We will see you with Post Market Outlook in the evening.

Happy Trading!
Day Trading Analyst

No Post Market Outlook

Due to some technical difficulties, we will not be publishing our Post Market Outlook today. There will be no Trading Calls for tomorrow. We regret for any inconvenience caused.

Thank you for all your co-operation

Happy Trading & Good Night
Day Trading Analyst!

Trading Calls

Scrip Name	S3	S2	S1	Pivot	R1	R2	R3	V %	RS
NIFTY	4215.08	4284.27	4339.18	4408.37	4463.28	4532.47	4587.38	38.42%	0.68
MEGASOFT	22.75	24.50	28.00	29.75	33.25	35.00	38.50	86.86%	1.90
SONATSOFTW	27.93	30.77	35.13	37.97	42.33	45.17	49.53	89.50%	1.41
HINDOILEXP	246.87	250.93	259.07	263.13	271.27	275.33	283.47	107.14%	5.57
NUCLEUS	106.12	110.23	113.57	117.68	121.02	125.13	128.47	83.39%	2.39
FCSSOFT	64.13	66.57	71.18	73.62	78.23	80.67	85.28	114.10%	3.02
DHAMPURSUG	85.67	87.58	91.42	93.33	97.17	99.08	102.92	85.66%	2.67

 

We will post the trading calls performance along with the Post Market Outlook in the evening.

Always trading in the Market's Direction, Maintain Strict Stop Loss

Happy Trading!
Day Trading Analyst

Pre-Market Outlook

Global cues are strongly positive today. US Markets have ended in green, DOW closed after gaining 0.66% and NASDAQ closed by gaining 0.68%. European Markets also ended in green yesterday with mixed performance, FTSE closed flat by gaining 0.08% and DAX ended in red by losing 0.36%. Asian Markets are trading in green today, Shanghai is up by 1.77%, Hangseng is up by 1.68% and Nikkei is also up by 0.74%. So, the Global Markets are extremely positive today.

Domestic Sugar Markets are concerned about the shortage and government levy charges. Hence, there might be a low performance on Sugar stocks.

Thank you for joining us in this discussion, we will join you shortly in Trading Calls post.

Happy Trading!
Day Trading Analyst

Post Market Outlook

Nifty opened well in positive note, with no negative news in the market. Then came the Chinese Market's decline, this caused FIIs to sell off and we plunged into the day's low. Chinese stocks slid because of pricing and valuation concerns in the Chinese Market. Hangseng also closed 1.73% negative, Shanghai closed at 4.30% negative. Along with these, European Markets also opened in red, which caused further bearish movement in Indian Markets. FTSE closed in red by losing 0.04% (Flat ending), DAX ended by losing 0.36% and CAC ended by losing 0.08% (Flat ending).

Nifty reached its day's High at 4477 and Low at 4353 levels, finally ended at 4394 levels by losing 1.45%. The Indian Benchmark Index, Sensex closed at 14809 levels by losing 225 points (1.50%). As of now, US Markets are trading flat, if US Markets end in green, we might start tomorrow's session in green. Let's hope for the best.

Thank you for joining us in this discussion.

Happy Evening & Good Night!
Day Trading Analyst

Trading Calls

Scrip Name		S3		S2		S1		Pivot	R1	R2	R3	V %	RS
AUSTRAL		40.63		42.32		45.68		47.37	50.73	52.42	55.78	86.21%	2.92
FSL		29.08		30.37		32.43		33.72	35.78	37.07	39.13	100.71%	2.59
COREPROTEC		145.27		149.63		157.27		161.63	169.27	173.63	181.27	100.44%	2.19
POLARIS		118.68		122.32		127.93		131.57	137.18	140.82	146.43	84.23%	2.55
PRISMCEM		46.20		48.10		50.80		52.70	55.40	57.30	60.00	101.53%	1.89
BANKRAJAS		66.95		69.50		73.40		75.95	79.85	82.40	86.30	106.68%	2.05

 

Nifty Levels today

	S3	S2	S1	Pivot	R1	R2	R3
NIFTY	4271.75	4322.20	4390.55	4441.00	4509.35	4559.80	4628.15

 

We will be posting Post Market Outlook and Technical School today evening.

Happy Trading!
Day Trading Analyst

Pre-Market Outlook & Trading Calls

Markets may have continued concerns about monsoon and swine flu epidemic. Asian Markets are trading in positive range with Nikkei Trading above 0.5% and Hangseng is trading above 20,000 levels. This is a very positive note to Indian Markets. However, US Markets have closed in negative; this was expected during this week of F&O Closing.

Nifty has a very strong Support at 4315 and 4242 levels. Nifty also has a tough resistance at 4519 and 4651 levels. If Nifty manages to open above 4447 and stays there for more than an hour, we can expect little gains today.

Day traders are advised to trade with strict stop loss and in the direction of the Market.

Trading calls for today:

Scrip Name		S3		S2		S1		Pivot	R1		R2	R3	V %	W%R	RS
AUSTRAL		38.92		40.48		42.52		44.08	46.12		47.68	49.72	86.21%	-99.39	1.14
FCSSOFT		55.97		58.98		62.72		65.73	69.47		72.48	76.22	119.68%	-19.90	2.93
HINDOILEXP		210.45		217.00		229.65		236.20	248.85		255.40	268.05	111.19%	-3.25	4.29
MARICO		75.30		79.90		84.10		88.70	92.90		97.50	101.70	46.62%	-33.11	0.97
MEGASOFT		19.13		21.27		23.18		25.32	27.23		29.37	31.28	95.14%	-39.50	1.82

 

Legend:

    V% = Volatility Percentage

    W%R = William's Percent R

Thank you for joining us in this Discussion. We will join you in the evening with Post Market Outlook.

Happy Trading!
Day Trading Analyst

Technical Trading with Rectangles

Today we would see the Line Study method using Rectangles for trading in Indian Markets.

Rectangle refers to a chart pattern where a security’s price is trading within support and resistance levels that are flat and parallel to each other, which looks like a rectangle and hence its name. A breakout of the rectangle on either side with strong volume accompanying is considered to signal a strong trend in that direction.

This means that, the Trading is in a Range, usually referred as Trader's Remorse. See the figure below

The Bottom line is a Support Level Line and the Top line is a Resistance Level Line. Trader's should remain in cash during these ranges. However, during the breakout, you can notice that the Volume substantial increase, then you can see a Breakout on the upper side, if the volume is very less or even non existent, you can assume that the Breakout would be a bearish one.

Depending on the Volume Support and the Range Support, you can profitably take positions during Day Trading using this method.

Note that this should not be used as a standalone trading method.

Thank you for joining us in this discussion.

We will join you with the Market Outlook tomorrow.

Happy Evening & Good Night!
Day Trading Analyst

Post Market Outlook

Today Markets encountered a heavy selling pressure, due to Chinese Market closing 5 % negative. We thought European Markets would help us to recover during the second half of the trading session, this was not lucrative enough.

Nifty closed at 4387 by losing 192 points. Whereas, the Indian Benchmark Index Sensex, closed at 14784 points, after losing a heartbreaking 626 points; by the end of today's trading session.

We were not able to post anything during the last week, due to some technical difficulties. We would be posting all posts from today.

Thank you for your co-operation and joining us in this discussion.

Happy Evening!
Day Trading Analyst!

Market Outlook & Trading Calls

As this week is the third Week of the month, US Market's are at F&O Expiry week. Hence, we might see some negative moves there, due to some profit booking.

Asian Markets have started the day in Red; this means that Indian Markets can also start the day in Red, as US Markets recovered in the later part of the day, we can also expect Indian Markets to recover in the later part of the day.

Oil and Gas Sector is looking very attractive today.

Today's Trading calls are

ONGC – Buy above 1225 with target of 1245 SL at 1198; Sell below 1194 with target of 1175 SL at 1205.

GSPL – Buy above 76 with target of 79 SL at 73; Sell below 72 with target of 70 SL 73

That's all for the Trading Calls

Thank you joining us in this discussion

Happy Trading!
Day Trading Analyst

No Post for Today

We were not able to post any topics as scheduled today due to some technical difficulties. We regret for any inconvenience caused.

We will be posting all posts as scheduled from tomorrow. We appreciate your co-operation.

Happy Evening!
Day Trading Analyst

Pre-Market Outlook & Trading Calls

We will not be posting Pre-Market Outlook & Trading Calls today; we will post the Post Market Outlook and Technical School in the evening. We regret for any inconvenience caused

Happy Trading!
Day Trading Analyst

Post Market Outlook

Cutting short from the Three day losing spree, the Indian Benchmark Index ended with the mild gains. The Sensex ended with 15,074 points (about 0.5% gains) in green and Nifty also ended in green by gaining 33 points (about 0.7% gains) on upside.

Asian Markets also showed some mild recovery in the middle of China's announcement of Economic Stimulus measures, Nikkei ended by gaining 0.6%, Hang Seng closed in green with 0.7% gains, Chinese Benchmark Shanghai Index closed positive by gaining 0.5%.

US Markets on Tuesday started with heavy selling pressure, with Dow Jones Losing about 1% and Nasdaq Losing about 1.25%. NYSE Composite Index is trading at 1.32% below the previous day's close. Let's wait for the US Closing Bell, to decide upon Indian Market's Global Cue status.

We will not be posting our Technical School posts today. However, we will post the same from tomorrow.

Happy Evening & Good Night!
Day Trading Analyst

Trading Calls

Trading calls for today in NSE are as below:

Symbol	S3	S2	S1	Pivot	R1	R2	R3	V %
AARTIIND	36.13	38.32	41.13	43.32	46.13	48.32	51.13	58.65%
AXISBANK	757.43	777.17	810.23	829.97	863.03	882.77	915.83	68.81%
EIDPARRY	259.07	279.03	305.97	325.93	352.87	372.83	399.77	844.88%
EXCELINFO	88.80	95.50	107.40	114.10	126.00	132.70	144.60	NA
GVKPIL	41.17	42.08	42.87	43.78	44.57	45.48	46.27	64.55%
HINDALCO	92.25	95.95	98.90	102.60	105.55	109.25	112.20	81.74%
IBSEC	41.37	42.68	43.97	45.28	46.57	47.88	49.17	100.04%
RENUKA	161.57	168.83	174.47	181.73	187.37	194.63	200.27	75.94%
SATYAMCOMP	72.73	85.47	83.33	96.07	93.93	106.67	104.53	449.49%
SUZLON	68.83	74.77	77.98	83.92	87.13	93.07	96.28	96.31%

 

Maintain Strict Stop Loss, End in Cash by EOD.

Always trade in Market's Direction.

Happy Trading!
Day Trading Analyst

Market Outlook

US Markets have closed in Red on Monday session; however, we can term US Markets as ending flat. Asian Markets are giving mixed performance; Nikkei is trading around 20+ points and has remained green throughout the session till now. However, Hang Seng has lost over 90+ points today. Indian Markets might respond accordingly in today's trading session.

If NSE opens and stays above 4466 levels for the first one hour, than we have tough resistance at 4533, 4629 and 4696 levels. In case, NSE open below 4466 and stays below this level for first one hour, then NSE has a Strong Support at 4370, 4304 and 4208 levels. Markets have been highly volatile with heavy volumes being traded yesterday, which offset the Asian Market performance. Heavy selling was noticed yesterday.

For Day Trading, it is advisable to maintain strict Stop Loss and remain in cash by end of trading session today.

Happy Trading!
Day Trading Analyst

Market Outlook

Today market is looking very positive, Monsoon is looking good as all the reservoirs in the country is full above last 10 years average. Markets are expecting Q2 results at a higher note Year on Year.

Day Traders are cautioned about their trades, keep strict stop loss and follow the stock trend and the market trend. Always be in sync with the Market.

We will join you back in the evening's Post Market Outlook

Happy Trading!
Day Trading Analyst

Pre-Market Outlook & Trading Calls

Today Asian Markets has been rallying heavily, Nikkei is trading above 10,500 levels (125+ gains) and Hangseng is trading above 20,750 levels (400+ gains). Indian Markets might also have a good rally today. Maintain strict stop losses for the day. End the day in Cash.

Trading Calls for today

Symbol		S3	S2	S1	Pivot	R1	R2	R3	V %
BPCL		450.00	469.37	495.73	514.37	540.73	559.37	585.73	52.31%
FSL		31.87	30.73	27.87	28.73	29.87	30.73	31.87	113.10%
HINOILEXP		147.45	162.90	172.00	187.45	196.55	212.00	221.10	114.35%
LICHSGFIN		578.70	592.70	608.50	622.50	638.30	652.30	668.10	1711.71%

 

Always Trade in the Market's Direction

See you again with Market Outlook

Happy Trading!
Day Trading Analyst