May 17 Market Tips (US)

DHI: I really hate to miss out this good shorting opportunity. This one is on radar since last 3 days and I am chasing my tail to catch this one. It has been fustrating situation. Lets give it a try once again.....

This one has dropeed significantly yesterday..... I don't like to chase the stock so I may try to short it at  16.65 or 17.07 or 16.44 (very little here) then have stop at 17.22 or 17.55 and cover at 14.80

SFLY: Looks ready for shorting in my book...... Short above 25.75 with stop at 26.88 and may cover it at 22.48

ROST is in my watch list...... I am waiting for the big supply for this one to fall...... it may not even get a  supply so I am not taking risk......

DFS

XLY short at 44.22 or 43.50 and cover at 40.5

LPX is also shorting candidate...... on any high

May 16 Market Tips (US)

DHI:  Despite having a strong home sales number yesterday, this stock didn't go up... but it gapped up and then came down that shows that it has been having difficulty attacting demand  in the market. Also market is not helping the situation, it has been going down like there is not tomorrow....

This stock is against the long time resistance...... in this current situation.... it looks like good probability to short this one at the top .....
Good shorting price seems to be at 17.76 or 17.35 and stop at 18.65 and cover at
SFLY: Looks ready for shorting in my book......
Short above 25.75 with stop at 26.88 and may cover it at 22.48

May 15 Market Tips (US)

Cab: It has been in a strong uptrend and recently came across huge supply and this may be temporary but if they get any more supply, they can fall very hard.....

short at 37.18 with stop at 39

DHI: This is another one looks weak but looking at the todays housing data this may go higher..... will wait and see if we can see any more weakness in future....

May 14 Market Tips (US)

SFLY: Good candidate to short at 26 with stop above 27......

TEO is creating a trading range here..... at this point, I am not interested in this one..... So far I see that it is just checking the bottom of May 4 but not really push for selling.... This can be our base.... but we don't know until next couple of days action.....

SLE: Looks little weak here.... looking at the markets condition, this looks to be a good shorting candidate....

short at 21.44 with stop at 22.10 looking at my P&F chart..... I think this stock can go down till 18

May 14 Market Analysis (US)

Market is still in the down trend.Yesterday we had a close below the 1341 suport area. Looking at the negative movement in the market and negative breadth in this market,  S&P may check the 1290 level before making any reverse move.  If this happens, it will take couple of months for market to recover. Recovery is not a overnight process.  It needs enough time to attract the buyers and create a strong base before market rallies again.

That being said, I still expect little bounces in this market and then create a trading range. After we have sufficient base in S&P, we will see accumulation phase being prepared and then we should see major rally in the market.

In the process, we may hit by some bad economical news and market may go down again but I would imagine that this is not a good time to think about long positions.

I am only intereted in shorting positions until I see some based being formed in the market......

May 14 Market Tips (NSE)

IDFC: Been in heavy down fall since mid February. Temporary found the support here ....

Shorting at 126 - 123 with stop at 130 and cover at 110.

May 11 Market Tips (US)

SFLY: This one has dropped around 25% in last two weeks and came back to its old support level.  Before its usuall upside move, this stocks usually shows no volume days and suddenly when there is not volume movement it moves like a rocket. It happened twice in last couple of months and usually that is very common behavior in this market.  Very low volatility situation in the market is followed by a fast price move in either direction. 

I will give this stock some time to settle down but meanwhile have my buy order ready at 25.90.

I will review this stock daily to see how it behaves and will try to time the best possible entry .....

LSI: This looks good for shorting here.... High volume went down, came back up to test the demand and when dropped back on May 3 now trying to comback to test the previous support area with low volume..... I think this can be a good shorting candidate

Short at 7.94 with stop at 8.34........  I may start with my 1/4th position and then will add more latter if I see any good sign....

May 8 Market Tips (NSE)

Arvind- Short arvind at 90.64 with stop at 97.... one can start with small order and they may pile up the order as we get confirmation....


CESC: looks very good for shorting as well

May 8 Market Analysis (NSE)

It looks to me that we are looking for much lower price in the market. My initial expection that market will make much higher move, doesn't seem to be the case. I would be looking for different ways to get out of my long positions......... currently I am out of everything but this is not a good market to be in.......

Everytime market goes up, it comes right back down with out any hesitation.....

Looking at my P&F chart, we may be looking at the much much ,lower price may be in the region of 4400 -4600

May 7 Market Tips (US)

TEO: still looking good for me it hit my stop earlier last week and now I am back on this one.... this looks good based on volume it is getting. May add little more at 14.......

LSI: Doesn't look good here.... this may be going down the hill from here or may consolidate around here


SQNM looks good for shorting at 5.33


INSP may be settling down here but until i see volume,  I don't want to be trader in this one

MGAM: Lets see how much pullback we will have in this one....

SFLY: Looks to be at the good price here but same as MGAM.... will give it some time to pullback

May 7 Market Analysis (US)

S&P has become a range bound market. There is a lot of weakness. I am really surprised, after such a huge selling, we don't see heavy follow through in the price. It seems to be lots of investors are having strong bullish mindset and they don't want to be selling in this down moves.

I still believe if S&P cross 1345 level, it may have rapid down move in this market.

Not a good market to have highly invested.....

May 7 Market Tips (NSE)S

Looking at the confusing situation, lets look at the one possible trade

SYNDIBank (syndicate bank): Banks looks to be on fire and we should participate in some short term action...... huge volume went on to bank in last one week.....

I like this one based on the interest it attracted today...

good entry price between 98.62 - 95.37 with stop at 90.90 and target at 115 or 119......

\

May 7 Market Analysis (NSE)

Pure technical perspective,  Nifty is falling into strong bearish setup. This is soo bearish that it may hit the 4400 from here..... But I like to wait for the bearish test before we can think about taking major bearish position with the market.

Breadth is supporting negative outlook of the market.  Yesterdays jump was not as strong as fridays free down fall.  If we get weak push up from here, it may be a weak test and market can become very bad and can have another free fall from here..... and this one will end up much strong down move than first one, which started on Feb 22nd.

THis is not a good market to take higher rish and I would strongly suggest to be in heavy cash

One idea is to short Nifty at 5137 and 5168 stop..... or wait till tomorrows close and make decision

May 1 Market Analysis (US)

S&P had a big push in the earlier session to touch the 2012 highest price. But due to lack of demand that big push didn't sustain and market lost 50% of its gain by afternoon. With the Europe in this situation and market lacking demand is little worry point. 

My long term market breadth indicator is showing me buy signal but I am not too sure about it we are lacking demand in this stage.....

I am currently holding both long and short positions with tight stops..... 

May 1 Market Tips (US)

SFLY: this gave me a huge profit yesterday.... on bounce my sell order was triggered and It again gave me good % profit.....May be I will add more at 29.20... but wait and see the signal at that time....

DDR is a good short here......17.07

Hog can be shorted here at 53.80

TEO went otherside of the market..... I will honor my stops and wait for another better signal to add another position....

INSP: I will hold of on this one....till I get better signal

April 27 Market Tips (US)

Market looks like to have little pullback as it is loosing momentum every time it makes higher highs...


INSP: looking to be settled down here....In last 7 days I don't see any price change in this one. We need to keep into our close watch... I may add buying order at 11 with stop at 10.65

SFLY: Looks like this baby will come back to test the support area and will probably add more when it touches the support zone at 26.93.

TEO is buy in my book.....I would start adding some at 14.96 with stop at 14.35 and then keep adding more if it looks strong....

STWD looks like a good shorting candidate at  20.98

April 26 Market Tips (US)

WHR- I still like this one for shorting. 68.19 with 71.40 and may cover at 63.12 or 61.22...

LSI can be bought at support at 8.03 and stop at 7.5

TER can be shorted here but i will give it some time and shows some shorting sign..... I dont like to short gaps ....


UFS can be sorted at 92.17 with stop at 94.75

I still like TEO...

April 26 Market Analysis (US)

It was a strong follow through in SPX. Fundamental hasn't changed much but suddenly after a strong pullback it is bouncing back.  Many medium stocks are jumping in this market.  Overbought-oversold ratio has been going positive in last three days which shows the strdngth in the market and many stocks are making higher highs....

Looking for long sets can be a good idea for short term...... but at the same time I find many shorting setups as well...

Many stocks which went up high they are coming back to test their low point with little bearish action.... not really happy but still choppy market and can't take too much risk in this market....

April 25 Market Tips (US)

WHR: Looks good for shorting. Had heavy volume selling last week and it seems like it is going back to that area to test the supply. Looking at the volume for this move up, there doesn't seem to be enough demand for that big move.

Good shorting price seems to be 70.33 with stop at 72.70 and 63or 61.5 seems to be the area of support..

LSI: It seems to be pushing little higher. It did go up with high volume and looking at the tight consolidation, It may very well come back to test the price....

8.00 looks to be the good price with stop below 7.50

Update:

TEO still look good but I believe looking at the recent action, we should only play it with tight stop something like long at 14.4 with stop at 14.14

SFLY:  may come back to yesterdays low for our buying price....

AMTD: looks good, I will review it tonight....

April 25 Market Analysis (US)

S&P had a strong push today. It has been moving in the range of 1358-1392. Until this range is broken, its not a good idea to trade in the market.

We had a strong positive push and market shows momentum today. We need follow through day to make it a strong move. So far we have seen one strong move and then couple of weak days and it is fustrating for the market.

Not a good idea to take major risk in the market .....

April 24 Market Tips (US)

TEO: seems to have settled down here little.  Fundamental doesn't look good here but the future estimates are decent for me.  I will give this one a shot and see how it behaves.

I don;t believe this one can just move very high but it is due for a quick shock reversal for 10% or so and then come back to this range..... I am looking to capture some short term trading...

Good price to enter 14.33 with stop at 13.85 and cover at 16.89

SFLY: looking good to enter at this price. Low of yesterday is still a good price.28.1 (or 28.70)..... with stop below 26.40

April 24 Market Analysis (US)

SPX is having fun in this choppy market. Its just killing some of the young traders.... This is not a good market to trade unless you are very senior or do day trade... thisi s the perfact market for day trading. Everyday we have different movement in the market and that's all..... Cash is the kind  and until market direction is no confirmed..... cash should be the kind....

April 24 Market Tips (NSE)

CAIRN: First time stop was hit so lets try again with light positions.... 58.90 and another light position at 60.85 with stop at 54....

CAIRN: This one still looks decent to hold....


BGRENERGY (BGR Energy Systems): Still looks decent at 330 with stop at 308 or 314


Sintex: still looks decent. But if it goes any further down, seeling may be the best option and then catch it again at 70.88.


Infy is looking is very strong here.... but looking at the daily spread, its too much of risk for good stop price....

April 24 Market Analysis (NSE)

Nifty seems to be following the trendline. It did go above last week but has been having big trouble to stay above the resistance line. I believe in a day or two we should see a big jump in this market and from there nifty should be able to make its big move.

Based on my analysis, market is due for another 800-900 points change. It is always hard to predict the up or down move but looking a the tight move market has been having sine Feb 1st it looks like we are due for big jump.

I am seeing systematic buying has been happening in this market and not many stocks seems to be making move in either direction.

One needs to be little careful in tacking trade but looking at the above, I believe market should soon run higher....

April 23 Market Analysis (US) Weekly

I did miss last two days of market analysis and postings.... I have been busy with the home improvement project at home.... but since that thing is pretty much taken care of.... I will be focusing back to the blog posting....





Regarding the market, I look at different, for long term perspective, then short term and current medium term market trend.....


For short term, we are in uncertain market. Market has been jumping in the range with wider bars which shows that big funds has been active. It may be they are buying or selling big time. If I look at the short term market movement, its pretty negative, most stocks wants to go down. Based on my experience when I see many stocks topping its time to be in cash and ready to review short positions.






For long term market, we are going far from resistance treline and closing more and more towards support trendline, this shows little pullback action. We have strong support at 1349 area and it that support is broken, we can see much lower prices.


that is just my view about the market..... as always market has its own way to move..... and it loves to put us in wrong side.... before making move .... so I always keep my options open and look for good setups in both ways....

April 23 Market Tips (US)

STAA is looking very strong here. This is a very small stock and with very low float. I don't usually play with this kind of small stocks but this one looks very very good here .Orderly pullback with low pressure and little high pressure on way up. Insiders are also buying this stock in last 12 months. Consolidating since last 4 months and may be ready for a bit move. I believe this stock has around 40-60% move has been accumulated. 

Looking at its recent movement. I thing 10.10 looks to be a decent price range to enter with stop below 9.55. 

SFLY: looking good to enter at this price. Low of yesterday is still a good price.28.1..... with stop below 26.40

April 19 Market Analysis (US)

S&P hasn't had much activities going on in last couple of days. This is a kind of a grinding market where some trades may work and some trades may not work.....  most people loose their money in this kind of a market and they get fustrated.....

If you are a very short term swing trader, you can easily get fustrated in this market. This is a market for day traders and long term investors to lookout for bargaining positions....

I find little higher negative momentum but nothing major to worry about.... 

I believe, shorting position may be working better than long positions....

Long term indicator is still bearish and one should not start taking heavy risk in this market.

April 19 Market Tips (NSE)

GMRINFRA: Lets try to get this one at  28.70 with stop at 28


Update:


IVRCLINFRA: Finally we got this one in our price. Lets see how that plays out....

CAIRN: Allmost time to see lower price tomorrow..... but still love to hold this one....


BGRENERGY : There seems to be enough supply above the resistance area and that is stoping this price to go up.....


Sintex: we may see some lower price but this is a long term holding so.... one has to have patient....

April 19 Market Analysis (NSE)

NSE is seeing higher highs and higher lows since last  4 days but volume seems to be going little light also I see little divergence with overbought-oversold ratio. It is showing me weakness in the markets fundamental.

Looking at the current picture, I am expecting much higher price in this market but I believe we will see lower close before Nifty starts its run.....

April 18 Market Tips (US)

LFUS It came to our price and hopefully heading lower....so far we are around 3% profit and waiting to add more....


Call is coming to possible buying price....discussed here

LNG and NCR are still looking weak. But our lng stop has been hit.....

WHR still looks weak here.... may short it between 70.42 - 68.72 with stop at 72.70 and possible cover at 60 or 57. 

AMTD  good for long setup but still like to wait for it to settle down

WDC looks good here.... Good move in last 4 months and decent  pullback .... it would have been good if it had litle low volume but still I believe this one just starting to have another move in the plate

Good entry price: 40.53 stop at 38.88 

TEO: we just hit the one major milestone in this ones down push..... will give it some time to settle here

JPM: Not feeling comfortable but this one seems to have 10% of move waiting to happen soon...

BWLD looks good here.... I just want to see some positive action in the market to take this one

April 18 Market Analysis (US)

S&P didn't have much activity today. I do see little heavy selling but not enough to get worried about. 

Not much happened today in the market and tomorrow we may see the similar day as well. 

My S&P indicator is still bearish hence I will be looking for shorting opportunity and in case if there is some strong long opportunities...

April 18 Market Tips (NSE)

IVRCLINFRA:  Ready to come back to our price... I believe, entering at 63 with stop at 59.15 looks to be a good entry point. 


GMRINFRA:  Needs to be sold first thing in the morning as this may have long term down movement...... So far it is around 3.5% up and good return for 3 days


CAIRN: May see temporary lower price but I still like this one


BGRENERGY : Common time for you to move now...... pls move .... looks like it is checking my patients.......


Sintex: we may see some lower price but this is a long term holding so.... one has to have patient....

April 18 Market Analysis (NSE)

Nifty had a light up day with smaller daily range. Usually when market breaks above the resistance line with smaller range and closes below middle of the bar and also with light volume, market usually reverses back to below resistance line and wait for move up.... because this kind of moves shows that market is still not ready  and may need to come back to get quality demand

I do see positive momentum building in this market and many stock started making moves.....

I expect this  is going to be a big move in the market..... for immediate move.... I believe Nifty will come below resistance before shooting higher

April 18 Market Tips (US)

Call is coming to possible buying price....discussed here

LNG and NCR were looking weak yesterday but after such a strong positive day we need to analyze our situation....... may be light position. Looking at the long term graph.... I see NCR has higher chances to go down easily from here.....

WHR looks weak here.... may short it between 70.42 - 68.72 with stop at 72.70 and possible cover at 60 or 57. For long term it has formed a cup with handle and it looks like a good pattern.... again this shows heavy selling and came out of its range....and went down.... I would not take higher risk on this one but may take little risk and see what happens.....

AMTD looks good for long setup. Looks like it may go down little before going up.... so just watching it for now

LFUS is ready for shorting......62.25 - 61.31 with stop at 63.63

April 17 Market Analysis (US)

S&P has a major jump today. I didn't expect this big jump today. This is a sign of choppy market. Market goes down with heavy selling one day and two days after big push up...

Breadth is very positive, enough to see follow through tomorrow if this was the real push in the market.

Overbought-oversold ratio is showing that market is still oversold.....

Looking at the above situation, I don't believe, we are ready for the another big move up.... this may be way to create the trading range in the market and we may be stuck in the range for some time before market makes move in any direction....

April 17 Market Tips (NSE)

IVRCLINFRA: I am still interested in this on at 63.


GMRINFRA: Still looking good here....


CAIRN: May see temporary lower price but I still like this one


BGRENERGY : OK, move now......? Will it? will see tomorrow.... and then decide


Sintex: we may see some lower price but this is a long term holding so.... one has to have patient....

April 17 Market Analysis (NSE)

Nifty today has touched the resistance trend line.... it will be interesting to know how it will close from here....  I see that market is getting positive momentum slowly.... this is very good for the next healthy big move up....

Overbought-oversold ratio not showing much as I don't see major movement in the market....

Looking at the current situation, this is a time to start analyzing your position and start adding some position .... I am looking for some good long setups.... is it risky?s Yes, its risky as of now but I like big risk/reward ratio and this market is ready to provide me that......

April 16 Market Tips (US)

LNG looks weak here....it has been having very long range and seems to have high potential to go down from here.....

May take short position here with short at 17.53 and stop at 18.05 and cover at 14.91

NCR: This one also has long consolidation here..... has very high volume supporting it so may not go down very high.... but it seems like worth looking into

shorting at 22.10 with stop at 22.54 and cover at 20.59....

Update:

This seems to be the time where I start removing my positions.... I am looking ways to offload XEL and MGAM. 

I will try to watch SFLY closely... but looking at yesterdays action. I see many shorting setups than long setup...... 

April 16 Market Analysis (US)

S&P didn't chance today from yesterdays close price. Today market opened up based on the decent numbers in the morning, it looked like we are going to recover yesterday down day move and close strongly. And another report came and took everything down. We did see some demand at the latter part of the day but still in general today I see little heavier selling then buying. 


In short run, we may see couple of up days but until we see strong positive momentum in the market, i still see that we are hitting the supply now and S&P may test the 1359 price soon.....

April 16 Market Tips (NSE)

IVRCLINFRA:  Still looks interesting to me.... love to add this one 62.65 with stop at 59.15



Update:


GMRINFRA: It came into our price....It went up little but with very light volume .It will have sustain that level with low volume. In short future if it doesn't get volume it may go down little .... Having a stop in place... will get peace of mind...


CAIRN:  It came into our price...also went up with light volume and will have hard time sustaining that growth with light volume. But we have huge buying behind us and it will provide us a supporting zone... so it may be worth just holding and watching


BGRENERGY : Allmost tried to hit peoples limit buy order. it was with light volume so I am not really worried but again we may see little down side to this one and i still it has huge upside potential....


Sintex: It cam to my price..... it is in consolidationg phase so may see little down side but so far.... it shows all signs to go up rather than go down.....

April 16 Market Analysis (NSE)

Nifty had little up move today. In general context, we are still in the lower high kind of a market where market is struggling to make higher highs and supply is overruling the demand.

I see very light positive movement in this market. In order for market to bounce back, this market needs a strong positive momentum or it will most likely consolidate in the range I showed yesterday (link).

Overbought-oversold ratio hasn't changed much.

Looking at the above things, I believe, Nifty hasn't finished consolidating yet. We will see ranges until we finally funds getting what they want and after that market will be ready to make its move.....

As I said it before, we have a huge move waiting in this market...... so be prepared and keep your eyes and ears open....as soon as market starts moving.... we need to be fully invested to take the maximum profit at the bank..... till then.... keep reading and keep learning.... and don't let your emotion take over you...

April 13 Market Tips (US)

CALL:  This one looks little risky play but I am planning to play this one right at the support. Recently it had 500% volume day and we haven't see the price movement.  Based on my analysis, stocks comes back to test the supply so whoever bought that big lot, will push the price down at the breakout point, even they will try to shakeout many weak hands and then move the price in their direction.

Looking at the small size of the company and recent earning,  I don't want to bet big but his expected future looks strong and if I can get this one at support, I may play this one.

Looking at the daily graph, 20 looks like a good price to enter with stop at 18 (10% stop but I may start with the bare minimum position then add more if stock goes up)

Now lets look at its weekly graph. Stock has been in trading range from Nov, 2010 to Jan, 2012.  Almost 15 months of range which is strong for the price movement. Stock has been move by 100% and gave up 50% of the gain after bad earning.  This week we have seen the highest volume in this stock, which is making me believe that some big movement is due to happen in this one. We should see major move before the next earning.

MGAM may see higher price this week as I see lack of supply at this top price. Lets see if demand comes back here when market moves positevely or it may see lower price .....


SFLY: Looks good and it may come back again to buying price in this week.It just went up rapidly with low volume and it has high chances to come back to 27.25 price level.


XEL: Looking at the recent price move it is showing hesitance to go down with high volume. That usually shows strong demand in the stock which is stopping the price drop in the market. I am going to wait for this stock to make move in either direction....

April 13 Market Analysis (US)

S&P is showing easy follow through while going down. S&P finally hitting the supply after a strong move up. S&P is right against the long time trend line. S&P has immediate support line 1358 and  resistance at 1393.

Looking at the recent past, we have heavy selling behind us and supply is finally coming into this market which may force range bound market or market may go down little big. This is healthy for the market as market may be getting ready for big move up.

Market is heavily sold and hence we are seeing big price move in this market.

I still don't see end of the bull market. we may be getting temporary range bound market and over trend is up and this is a good time to look for strong long setups....

April 13 Market tips (NSE)

BGRENERGY (BGR Energy Systems)
: This stock is ready to make big, really big move in the market.  My feeling is that it is ready to go up ....

Based on my analysis, any direction it can go up to 150 points which is approximately around 45% move .....

I believe this is a good price to start accumulating this stock for big move in the market.... Looks like if market goes from from here (and not below 5167) we should start adding this to our portfolio... I would love to add  first batch at 330 with stop below 308/314.

CAIRN (Cairn India): this stock is right at the support price (not level). Again it is expecting huge move of 50% at this price level.

I believe, this is a good price accumulating at 342 with stop below 325 ....

GMRINFRA:  This is a big risky stock here.... but looking at his recent move, I believe this is worth taking risk.....

Buy at 28.74 with stop at 28

Sintex: my favorite stock...... love to add this one at 82 and keep doing it until it shows weaknesss......

April 13 Market Analysis (NSE)

Nifty hits the big supply every time it reaches the resistance trend line. Not it seems like a very strong resistance line.  Nifty may test the 5167 range tomorrow. Not it seems like until Nifty crosses Support line or resistance trend line, one should not take major risk in this market. Market can go any where from here....

One can see in above graph that if any of the resistance or support is broken, Nifty will move rapidly in any direction.

Market doesn't seem to have major movement in last couple of days. Market seems to be just waiting to make move and waiting for the direction.

My indicator shows me a major move is just waiting in this market. Based on my P&F chart, I believe we are waiting for another 800 points move in this market.  Either we should see 6000 index of 4400 index in this market........ My hunch is that we are oversold and we may see upside move in next future....

April 12 Market Tips (US)

WRI:  pulled back to test the previous breakout point.

Good buy price seems to be between 25.33 to 24.91 and stop at 24.15

RAD: same as above came back to test the breakout point this is a low price stock so it will have high volatility in a day..... so one can think about day trading as well

Good price seems to be between 1.72 to 1.63 and stop at 1.52

Update:

MGAM and XEL seems to be having light volume up day and we may see a pullback in them..... XEL has been very frustrating holding and I may remove them and wait for the pivot breakout buy poing....

April 12 Market Analysis (US)

S&P is having two straight days with very strong positive market breadth, with strong closing. Yesterday we saw little push back but today it looks like bull are back in the game. I am really interested to see how S&P behaves around 1392 range. Which was previous support and broke down couple of days ago. We will see the test of the move tomorrow.

Oversold-overbought ratio is about to turn positive, very strong push in last two days. 5 days of down move was cleared in two days of strong push high. This shows me that, we are very high strong buying in this market, every time market goes down, we get dip buyers to push the price up. This shows that we are still having people believing in this market. 

Again, market doesn't go up every single day but it  seems like we are strong buyers in this market which will be tested tomorrow.

My long term indicator is still in negative territory and I am not planning to invest in high risk position until that indicator turns back to green.

Long term futures is not certain but short term we have a quick reversal and we are right against the resistance line. I don't believe, we will have smooth movement like today but I expect that in next couple of days market will decide its direction....

April 12 Market Tips (NSE)

IVRCLINFRA: as i have been suggestion this stock since last 1 month. It had paid of with its 40% move in last 3 weeks. I believe, entering at 63 with stop at 59.15 looks to be a good entry point.

SINTEX: looks to be settled to make big move. I would expect this baby to make around 30-40% move in very short time. Decent price seems to be a 82 with stop at 76.

Adanient: looks ready to make big jump soon... buying at 308 with stop at 279 give us an decent cover price at  393 or 354

LITL is ready to make bigger jump in short time
buying at 18.45 with stop at 17 give us a chance to all the way up to 40% ......

April 12 Market Analysis (NSE)

Nifty has approaching its resistance trend line and hopefully will test it tomorrow. We will find out the strength of the market by tomorrow. Key points to note that, Nifty is making lower highs and lower lows since last month. Fells rapidly when approaching resistance trend line.

The good sign is that, during this last move down, we had less strong negative strength market. We have seen that every time market used to go down negative movement used to get strength.

Overbought-oversold ratio hasn't changed much....

Looking at above, I believe if Nifty breaks resistance trend line, it will have more chances to go up rapidly.... to test the 5500-5600 range. Until then it would be good idea to get into light positions....

April 12 Market Tips (US)

XEL,mgam has been strong so far but at the end every stock follows the general market and they did today as well lets see how they behave in day or two... if I see they have any life remaining, I will add some...

AGP looks weak here.... Short it at 62.76 with stop at 64.76 and cover at 59.72.

AIG seems to be coming to test the breakout level. If market settles down little bit 30.45 range doesn't look bad...

CLNE LOOKS READY FOR BIG UP/DOWN MOVE

AMCC looks good here. It did have a major push high but again buying at 6.41 with stop below 4.03 and target at 7.10 looks good

AMCX is very weak..... If market shows weakness, this will be going down for some time.....

AXE may be good for 2-3 days.... with buying at low of today

XHB looks here.. here it may be checking out its long consolidation area.

At the end every stocks follows the markets trends and currently market is having its long time due pullback period and my long term indicator is showing bearish action so I am not planning to be heavily invested in this market..

April 11 Market Analysis (US)

S&P had a decent reversal today. But it can be a quick reaction here as well. We have a good amount selling behind us so until I see a follow through with many stocks participation, I am not going to take major risk in this market.

We had a strong positive breadth in the market but gain we have heavy selling behind us so this rally very well be a reaction rally to remove shorts from this rally....

We had a quick reversal in the overbought-oversold ratio today but we need another day like today to recover it to the positive side.....

In the point and figure chart, looks like we have finished out downwards movement and we may see another consolidation here or little move back up..... and get ready for another big move in either direction

Looking at above, I don't feel safe to take long traders as of now.... but I need to prepared to be invested...... as soon as market condition improves or gets worst.....

April 11 Market Tips (NSE)

KTKBank looks good here.... Large volume support during last rally and it is right at the support which was acted as both support and resistance in past....

Any price around 92 seems to good for entry and support at 89.10 and safe exit at 106

SINTEX: One can start thinking about accumulating this one. I may target the entry around 82 and stop at 76.


IVRCLINFRA:  still worth buying if you get price around 63.

DENABANK looks very interesting.... stocks....

April 11 Market Analysis (NSE)

Nifty has been strictly following the resistance trend line. 5367 and 5167 has been the range of last couple of weeks and until this has been broken, I don't see one should invest heavily in the market.

Looking at the market breadth analysis, it seems like there is not much interest to take this market any further down from here.... we may have little last push down but looking at the current situation, we should see another push higher.. 

Overbought-oversold ratio is showing very positive diversance... meaning stocks are not going down in this market but Nifty is making lower lowes.... 

Looking at the above sitution, I may start investing little into key strong stocks and when market breaks the resistance trendline, I will add heavy positions....

MY P&F chart tells me that we have around 500 points either side move waiting for this market...... I guess is 500 up side as of now.....

April 9 Market Tips (US)

All of my trade will depend on todays market as we may have further downside movement but looking at individual charts, it seems like we are settling down at this price range....

SFLY: I thought about buying this one last afternoon...  If I have bought it at that time, I would have been in 2-3% gain in this one.... it was right at the support... that's life again

Good buying price is 28.31 and stop at 26.75 and cover price at 31.25 or 33.27

BKE looks good all time high, came back to test the breakout range. Can take some risk here...

Buying price at 45.82 with stop below 44.47 and cover at 47.57 or 49.19

CPWM and bwld  still looks strong here. I may add bwld at 84.95 stop 83.33 if market condition improves

Most of my stops were hit yesterdays....(it sucks) but so far I like XEL and MGAM. 

CXW,nst,shw,val,wcg seems to be ready for some reversal here

KRE looks good here, will give it a day or two to settle down

LVS,PIR,SBAC,vrsn, breakout looks good. May buy them on breakout test

April 9 Market Analysis (US)

S&P seems to be heading towards 1374 range and if it is broken then the next level of support is at 1341. Today S&P broke below trendline of this recent move first time since last 4 months.

Market breadth we have selling building up in last couple of days which is pointing to a weakness in the market.

Overbought-oversold ratio has sharply turned to negative.....

Looking at above, I believe, we are heading to lower day tomorrow but again we have loyal buyers in the market and we shouldn't forget them soo soon.... So my point is until we see close below 1374, we should not be panicking... but we need to preserve our profits and not start investing with just a hope.... we must wait for the confirmation from the market before buying anything new

April 9 Market Tips (NSE)

At this stage, it is not a good idea to take high risk trade.....

Yesbank is setting up well for longer term moev

BGRENERGY looks good once it breaks above 374

If market would have been better, i would have taken MCDOwell-N trade.... at 688

April 9 Market Analysis (NSE)

Market is ranging from 5368 to 5167 range since last 3 weeks.  As I said it before, unless market breaks any of the level we should not take major risk in this market.

One can day trade during the range bound market but for longer term, this is not a good situation.

Market did have little negative movement but still not strong enough for me to start taking big shorting position. We still have strong positive movement behind us so we may be stuck in this range for long time ......

Overbought-oversold ratio has sharp reversal but still it is positive so I would not be surprised if we see gap up opening.....

Today down move was due to the futures of last week.

I believe, we are in the range bound market and not a good idea to take major risk in this market.....

April 5 Market Tips (US)

SFLY: Available at good price. I may add this one again on Monday...

I like bwld and cpwm. I didn't have time to look through entire market .... but will be doing research tonight..

ABV looks good shorting candidate if market weakens...

Update

XEL: has been boring story so far.... but again if this one moves, it will have some faster moves... will hold on to it and will see how it plays out

FSYS:  Why did i hold this one after 24.73 is beyond me...? This stock is right against its long resistance and also against the long term trendline.... I may sell half of my position here

INSP: Going down.... I added more last week and will see how it plays out.... I didn't like it last 2 days action. Good thing is that every move down, its loosing public interest and volume is going down. I will hold on to this one.

MGAM: looks good here

HOG: I would like to remove this position on Monday....

April 5 Market Analysis (US)

S&P seems to found a some support on Thursday but again we are still behind the some heavy selling days in the market.  If we don't get any bad news till tomorrow morning, I would like to see higher closing in S&P than Thursday.

We are right at the support as well. ANy lower price than 1389 may attract panic selling in this market. Market seem to have hard time holding up breakout price and that may be due to the overbought situation in this market.

Overbought-oversold indicator hasn't changed much on Thursday.....

My long term indicator has turned to selling last week...

Looking at the current situation, if we go down from here.... i will probably get more into cash and look for some shorting and long setups ......

April 4 Market Tips (US)

Not planning to add new one to my list but like to watch following one and market supports it will take entry in some...


tsla, sxci,sre, rpm,ecr,clne,fhn,gps

Update:


XEL: this has been my strongest investment so far in last week (really sad...) and I will continue to hold it.....

MGAM: Holding up very very well.... allmost certain that if market comes back up.... it will have a big push higher....

FSYS: this is what happens when you are in deep love with one stock... they will kick you until you fall.... I hate this baby now. Will look to unload it during the market....

Hog: looks to be little settle. But any move down from here.. i need to remove this one from my portfolio

INSP: Based on Fib retracement, this is still int he strong momentum and everytime it has it the 23.6% retracement, it has push much higher.... lets see if that stays true if not, we need to unload this one as well

SFLY:  I certainly believe this one is ready to push higher..... but it all depends on the market...

April 4 Market Analysis (US)

S&P had some heavy selling today. Highest in one month and yes, if we look at the past we have history of 3 days pullback and then push back up. Looking at the markets action if we go below 1389 we may hit the panik selling in entire market and this pullback can be little dip.

Market breadh has been very negative in last two days and one it is building up which may force this market to go down if we don't get any support soon....

Overbought-oversold ratio has turned sharply negative territory, which again is very negative.

Looking this measure, if we don't get any support for the market, I may start unloading my portfolio as market may have further down side.....

April 4 Market Tips (NSE)

A2ZMES (A2Z Maintenance and Engineering Services): Didn't get in to my price. But we can try to get it at 121.50 or 122.5 with stop at 117 and may cover at 136 or 140. 


Pantaloonr: Good price to buy at 168 with stop below 160.50 and cover at 198.


IDBI looks ready to push higher in day or two..... as well...


IVRCLINFRA: looks good setup here... I would wait until I get this one at 62.65 with stop at 59.15 

KFA had a big push higher... one can play it for day trading..... (I may decide to enter on pulllback)


Upadate:

KTKBank: looks ready to go up in day or two....

April 4 Market Analysis (NSE)

Nifty had a gap down day today but it did look like, it doesn't have much push to go down. Looking at the positive movement in the market and I believe we will have gap up opening or at least higher closing tomorrow.

Oversold-overbought ratio is showing strength as well....

Looking at above, I am going to look for long setups.... as market seems to setup for big bull push....

Apr 3 Market Tips (US)

SFLY: Looks good, I may add little at the closing price of yesterday


AIG looks very interesting... here. we can add at 30.56 with stop at 29.58 and cover at 34
It broke out of its 1 year high this week and I see decent volume building up...

AMG looks good too... Buying at 113.56 with stop at 109 and cover at 132



Update:


INSP: looks little weak but looking at the volume, I don't see big weakness. I would add little here with very very tight stop and if it is hit, I may take loss but if it shows weakness again.... i may need to get out of this position....

HOG: looks like having resistance at 49.85 onec it crosses, we will see if we need to add more...

FSYS: really feeling like getting out of this one but ....will give it a just one more day and then will decide on it....

XEL: good winner, if it goes above 26.90, I may add big position in it....

April 3 Market Analysis (US)

S&P had a light day today. We had little higher selling today but the long term trend is still up.

Overbought-oversold ratio hasn't changed much as well.... little boring day but again.... you don't get big moves everyday.

This kind of a day will give your opportunity to find good setups in the market....

I am still looking for good long setups.....

April 3 Market Tips (US)

A2ZMES (A2Z Maintenance and Engineering Services): this is a good setup as well good price enter is at 121 with stop at 117 and may cover at 136 or 140.

IVRCLINFRA: looks good setup here... I would wait until I get this one at 62.65 with stop at 59.15 ..

CAIRN: I would still like to get this one at yesterdays price and see how it behaves.....
buying price at 341 with stop at 321 and cover at 371 or 400




IDBI looks to ready to test the recent low. This is certainly a good setup and I would be ready to take this one but will wait for it to come at good price... my price would be at 101.



BPCL (Bharat Petroleum Corporation)  is ready to jump....but it may take its time for the jump


UPDATE:
KTKBANK: we got this one in our price. We may see short term pullback but I would prefer to hold on this one and see how it behaves in next day or two....