1-31 Market Analysis (US)

S&P looks like no body wants to buy or sell at this level. My market breadth indicator doesn't show me any movement in the market. The only thing i can see is that there was some selling couple of days ago but other than that there is nothing going on. S&P is consolidating in the very tight range, a little force in either side will force it to make a big move.

Big cap stocks started showing weakness. They are showing major weakness compare to S&P and most are showing weaknesses with little higher volume than past couple of days. High volume weakness are not good for bulls.

Overbought and oversold situation is little complicated since stocks are not making major move in any direction due to lack of supply/demand situation.

Looking at yesterdays close, I was really hoping to have close above 1313 but looking at market breadth, big cap and overbought/oversold ratio, I believe we may see close below 1307 tomorrow.

Again, I am not bearish now until we get major selling in the market. But technical perspective we are looking little weak on bull side.

This is not a good market to trade unless you are doing day trading.....

1-31 Market Analysis (NSE)

Looks like we just had a demand check done yesterday and it seems like we have enough demand in this market. This gap up day with this kind of medium breadth action doesn't seem very sustainable. I don't see very strong market breadth for 2.2% move in the market. But again we may have strong market breadth tomorrow.


This may very well be resistance check here. This may be possible due to major short covering. People and media where bearish since last Thursday and little positive sign in the market may have forced shorts to cover and that may have lead the price very very high like today.

I would see one should watch tomorrows action very carefully as it may give us very good chance to short when it touches 5220 with .5% stop.

Big cap doesn't show any direction as well. Most big caps followed the NIFTY that adds little fuel to this really as well.

Lets see what brings us tomorrow.

Now I start feeling that this may be a weak really and may need to be ready to short. I am not suggesting buying or selling at this point without Market Breadth pointing me towards any clear direction.

1-30 Market Analysis (US)

Very odd day today. It seems like a shakeout kind of an action.

This morning the way market opened, I thought we will see 2% day down but as day progressed, we saw positive sign in the market. Market breadth is still not very negative. I can see more selling than buying but the ratio is not very high that I can become bearish. Usually at this level for market to go down we need major selling in the market.

S&P closed in the same 1313-1316 territory.  Todays action shows that we still have major demand under 1313 price and it had over come the supply.  We will go through this Supply demand war until one of them wins this battle. Until it happens unfortunately, it will be a choppy market.

Big cap stocks ended up positive with decent volume (not high by any standard). This was the most unusual thing about the market. Market is still strong.

I am not bearish with this market until I see negative breadth or close below 1307. If we have true demand, we should see close above 1313 in next day or two. I would not be surprised if we see another high in next couple of days.

I don't suggest to have any new long position until we get heavy volume in the market.  But again S&P looks very strong today.

Tomorrow will be an interesting day....

1-30 Market Tips (NSE)

ALBK: good shorting candidate. I believe, good shorting price seems to be at 162 and stop price at 167.20 and cover at 143.

Again my suggestion is not to have any position but if really have to, have very light position in this one....

Update:

Sintex - Close position (will have another time to enter into this one)

DishTV:  Close position

My suggestion would be to close all open long positions

1-30 Market Analysis (NSE)

NIFTY today dropped like a rock. Largest candle since Jan 3rd and biggest negative candle since Dec 20th. Lookig at the past gap up days, I was reallh worried that market may reverse but you may never know when.

Looks like many high priced stocks fell like a rock today. Because we don't have many stocks going down but we have major dollar volume in negative terriotory. Looking at the current situation, we seem to be heading towards atleast the pullback of another 2-3%.

Right now Nifty is at the last Pivot support area and it may find support their. Buf if this is a real supply in th market, we should see 4868 price range in next couple of days. If we get major down days like this again, we may very well see the 4600 prices to find any support.

Big caps are not showing major selling. Usually they are very stable for minor correction.They all did close down but without a big volume push. Market may find a some support but if we don't get demand in this market, it will go down another 200 - 400 points.

One should think about preseving their money rather than investing at this time until the trend is finalized......

1-27 Market Tips (US)

(Pls don't add new long position.... ignore below to suggestion as of now.... market is not behaving good for long trades)

QCOR -  Looks good right at the support. This one is little volatile but still I believe worth a shot. 

 Good buy price seems to be at 36.21 and stop at 35.20 (little tight for this volatile one)  cover price seems to be at 40

SBUX - looks like ready to breakout .... love to buy this one but have to wait till it breakouts with volume./....

(

1-27 Market Analysis (US)

Market breadth hasn't turned really bearish yet. I see little buying on Friday not enough to get excited.

I am not really excited about either side movement. I would like to wait to see market breadth movement before making decision. I usually don't like to trade around the resistances and around the little market weakness. S&P made 4th close around 1314 in last 6 trading day.

Big caps are not showing much of a movement as well. I see most ended up in negative territory but still not enough volume to ready for best bearish trades.....

I am not bearish yet but negative market breadth of close below 1305 may change my mind. Keep you stops tight and start taking some profits from your long positions

1-27 Market Tips (NSE)

(For trading day 1-30)

Dabur:  Decent price to add long position good entry price 94.10 with stop at 93 and cover at 101

Gail: For me this looks to be setup for very long term move.  Good entry price is between 373 to 366 with stop at 359 short term cover price is 388 but I would add little position for now with no cover target and see how it plays out.....I believe this one has a chance to go around 430 or so...

Updated:

DishTV: Decent 9+%  profit .... i would believe its good idea to move stop ato 57.33

Sintex: Take 50% profit

1-27 Market Analysis (NSE)

(I am changing post heading dates....from today...)

NIFTY: It was a gap up day, which I really like to avoid at this stage. Market breadth is not very strong to support this gap up day. Most stocks are in overbought stage (last month most stocks were  at their lows of the year so really not overbought but still need some rest).

Nifty broke the trendline last week.

Except banks most big caps are not showing weakness and most made 2 months highs last week.

Still bullish but until we cross 5400 we should not take high risks positions. Closing below 5024 or negative breadth will tell us the reverse trend is in affect.

1-27 Market Analysis (US)

Today, S&P had a negative breadth day. I see major selling first time after 12/28 in this market (not enough for me to go bearish). Most stocks seems to be at overbought level which shows that we are expecting some condolidation or atleast a pullback to keep this market in a healthy state.

Todays negative bar was the biggest since 12-13. Which makes me little worry. Most big cap stocks ended up in a negative territory with decent volume (not high).

I am not skeptical about bullish action in this market, but still not bearish yet. If we are loosing momentum today, we should see immediate pullback or lower low tomorrow and if we see more selling continue. We should look for taking profit from this market or moving stop really tight.

Tomorrow will tell us the real picture.

Play safe market can go in any direction from here.

1-27 Market Tips (NSE)

I am not able to find good long candidates. I am finding more and more extended setup with inverted hammer or dojis with high volumes which is usually a reversal sign. It doesn't mean that market can't go up but higher probability is that it needs more bull push to cross this level.

Bank had a bad day on Wednesday. Most banks stocks seems to be ready for pullback.

BANKBARODA:  Today it had a 600%  volume than regular volume that shows big money exchanged hands here. I believe, good shorting price seems to be 819 with stop at 836 and good price to cover seems to be at 735.

ESCORTS: Breakout from 7 weeks pivot point. I believe good buy price seems to be at 85 with stop at 82.73 and good cover price seems to be at 91.30

Update: Sintex move stop to 69.71. Remove target from Sintex, if yesterdays breakout was good, we should see 10-20% move in next couple of days.

Other good one to mention here:

Gail looks to be setting up for atleast 20% move.
Sesagoa looks to be a good breakout for 7-9%

Bankbaroda, Escorts, Gail, Sesagoa

1-26 Market Analysis (US)

It looks like we are in a very strong market. S&P is moving very fast and I don't see any negative breadth as well. From market breadth perspective, this was the weakest breakout since Dec 20.

I don't see any big caps weakness as well.

I am still bullish until I see close below 1290 or I see negative breadth in the market.

Looks like, we may touch breakout point in a day or to.....1314 and after that 1347 looks reachable.... after such a long time

1-27 Market Analysis (NSE)

Market breadth still looks strong in this market. I am not seeing negative market market breadth.  But I see that recent breakouts are not having strong breadth. May be market is little over extending.

But what worries me is gap up moves after such a strong move. We don't really don't want to see any gap up in this level. Gap up means we may see gap down as well. We have finally reached at the long term bearish trendline. Since November 19,2010 Nifty has reversed from this long trend line. I consider this as a major resistance.

We need to be very careful here since we just had our fifth gap up opening in 10 days.

Keep you stop close, if possible think about taking some of your profits as well.

1-25 Market Tips (NSE)

Gitanjali - 3 weeks of consolidation and it had 200% volume yesterday.

Good buying price 304 with stop at 297 and conservative cover price is at 318 or 338 with little high risk.

 Update- It has been while since Sintex has made a move. I am getting feeling that it may take while for this one to make big move. Allmost ready to close its position... I am giving it this a week to breakout of 76 price range. If it doesn't happen, I believe closing this one would be good for now. Good idea to move the stop till 68 now.

1-25 Market Analysis (US)

S&P closed at the top but I am little worried that it is not finding any demand to go little higher than yesterdays close. Mostly it spend most of the time at the lower end of the bar.  Market breadth is not showing any negative sign.

Big cap stocks are not looking very weak. I see many negative closing but its not a high volume negative day. At this level if we see negative day, it will be a big negative day.

Still bullish until I see closing below 1290 .....

1-25 Market Analysis (NSE)

NIFTY broke out of two days of resistance with big positive Market breadth. We have a bog dollar volume push behind this breakout as well which is a strong sign. 

Big cap stocks are not showing any sign of weakness as well. So far we are in a healthy bull market. I am seeing many good breakout in the big cap stocks with decent high volume which shows big money is flowing in this market.

We are right up against the next big resistance level which is 5170 resistance and major long term resistance 5229.  We should see Nifty consolidating here for couple of days before making another move in either direction (up or down). Market breadth will give us an confirmation.

Market hasn't consolidated much since breakout of 4879 range. If it goes far from here then we can expect sudden pullback. If we see healthy consolidation around here  for some time then its good for the markets big up move.  Move your stops little closer to preserve your profits and be careful about adding big risk position.

1-24 Market Analysis (US)

Big cap stocks are not showing major sign of weakness. Most of them are having followups and yes they are little extended. 

Market breadth is also not showing any weakness and I look for heavy dollar volume sales and negative breadth for market reversal at this point. Since Dec 20, after each breakout, S&P is having 4-5 days of consolidation before making a another breakout. That means after every breakout, it is digesting supply before making a move up which is a strong sign of this market. 

I am still bullish with this market until we see close blow 1290 or we suddenly get major selling.

1-24 Market Tips (US)

Again very had to find good trade. I am finding more and more shorting candidate as well.

DRE - Good shorting candidate, right at the resistance.... looks good to me

I believe, good price to short is 13.33 and stop at 13.71 and good price to cover at 12.41

(this one has earning on Jan 26th so one has to be very careful..... )

1-24 Market Tips (NSE)

I am having very hard time finding a decent setup in this market.

Little unsure but still I believe this stock is setup well for shorting position.

CENTURYTEX - Good shorting price 254.80 with stop at 263.10 cover at 238 or at 232.45

1-24 Market Analysis (NSE)

NIFTY: Market Breadth is still bullish. Today, We didn't seem to have big money flowing in or out of this market. As I said yesterday, people are still doing SOH and waiting for the market directing to get setttle either up or down. 


 Big cap stocks seems to be lossing demand now. In some big cap stocks I see that supply is comming back in with little upper hand today. One has to be very careful now as this can be a early sign of trend reversal. 


 Until I see negative bredth in this market or close below 4930, I am bullish with this market but again not a good time to add new big risk as this can be a trend changer market or it may be just a light pullback. I really hope for a light pullback which will prepare us for the big move up from here.

1-23 Market Tips (US)

CNP:  Good price seems to be 18.82 with stop below low of the day 18.38 and low risk cover price seems to be at 19.80.

1-23 Market Analysis (US)

Market Breadth is very positive. We haven't seen negative Breadth since Dec 20. I certainly don't see any major selling in the market since then as well. Looking at the price bars since Dec 20, I dont see major supply pressure and I see demand coming up very strongly.

I am seeing some big cap stocks breaking out of the resistance which is a strong sign. So far nothing to worry about in the big cap stocks as well.

Next minor resistance level seems to be at 1336 level. If market tries to go up with this kind of a force, I don't see that level will have much affect. The next big resistance we have up against S&P is 1350 level.

I am still bullish with this market until we see close blow 1290 or we suddenly get major selling.

1-23 Market Tips (NSE)

Its hard to find good setup. Most setup are over extended and right at the resistance or in the middle of the channel. Looks like we should be able to find good setups in next couple of days either at short side or breakout test trades.

DishTV: Good buying price seems to be around 58.52 to 57.32 with stop price 56.60 and low risk cover price seems to be 64.50 or little high risk 66.47

UPDATE: If you have ESSAROIL, it should be closed. (I missed on the news on that day but looked good technical setup so discussed).

Not good for me but still worth mentioning here....
IFCI: Not enough volume for my test. good entry price seems to be at  25.17 with stop price 24.12 and cover price seems to be around 26.50

Adanient seems to be best suited for shorting but I am having very hard time deciding big stop loss target and will play this one in future.... when it setsup good

TCS is setting up good for long move for 10% or so but same story.... hard to decide the stop loss target....

1-23 Market Analysis (NSE)

My weekly market breadth indicator suggest that we are in a bull market which is a good sign. Daily market breadth indicator shows mixed data. Again we are up against the resistance where we have seen major sell-offs in the market so this is a natural human reaction to SOH (sit on hands).  Friday Nifty ended with a Doji which signify that demand and supply are against each other. And who ever has more force, market will follow that direction.

Most big cap stocks also ended with good positive week with little higher volume than their average volume. Their daily graphs are showing little hesitation to move higher. This is a expected behaviour with doji in Nifty.

If we have close below 4830 that means supply is still there. If we get strong negative Market Breadth in the market (200-400% negative), we may be looking for new lower low in this market.

One more indicator I used to use in my trading (just stopped using in daily analysis) is Standard deviations and Nifty daily graph is touching its 2nd standard deviation band. Based on the mean reversion theory, sooner or latter every market comes back to its mean.

We will need major Market Breadth and Dollar volume push to break next 100 pionts (5070 to 5170) level. I am still bullish with this market until we close below 4830 or we see major negative Market Breadth or big selling. (were we have seem major negative Market Breadth in past).

I believe, If one has long position in Nifty market, it would make sense to keep most of their profit by selling partial position and remaining position with tight stop.

1-20 Market Tips (US)

SKT:  This stock was best to buy two days ago but still not really bad time to buy. 

Looking at the recent action. Good buy price seems to be 28.51 and stop price should be  27.71 and cover price seems to be 29.50.

BPL: Good buy price seems to be at 62.33 and stop at 61.31 and good cover price around 64.54

1-20 Market Tips (NSE)

Apollohosp: Details from yesterday. This looks to be a good setup for shorting. (I really didn't find anything for long)

Good shorting price seems to be at 648 with stop at 663 and cover price seems to be at 605.

This is a volatile stock so low position size can be a good idea.

1-20 Market Analysis (US)

S&P had a strong closing today and it was a good follow through. S&P is started moving up since Dec 20 and we haven't see a major down days. Market should have some pullback or consolidation next week or so. That will prepare market for another big move up. It will be interesting to see how market behaves around 1350 price range.

Big cap stocks didn't have much action today. They looks little overbought at the moment. But nothing major to point out.

I am bullish until we see close below 1289.

1-20 Market Analysis (NSE)

Big stocks had a little low volume day compare to last couple of days. Most big caps ended up in the green at the end of the days. I didn't see any big reversals in them. So far it looks like we are in the big bull move since Jan 2nd. Nifty looks strong so far. It also closed very strong. We haven't had any major down day since Jan 2nd as well. Most major caps had a big volume in last 2-3 weeks which is helping this big move.

I still believe we are in the bull market but we are approaching resistance zone of 5056-5100 from this level we went down rapidly on Dec 7. I will be watching this level very carefully and hope market doesn't loose its momentum. Certainly chances are very less that that level will be broken in a day. We will need big demand to break that level. Will find that out in next couple of days if not tomorrow.

One should not be taking new heavy risk from here. One should review their stops carefully as this can be a volatile area.

1-19 Market Tips (US)

Don't find any good opportunity today...

Most good stocks are extended from base..... i need to start looking for pullbacks now..... from this weekend i will test this new strategy and hopefully from next week i will start looking for good temp pullbacks....


Have a good trading guys

1-19 Market Tips (NSE)

ESSAROIL: Good setup (yes risky one). For very short term trader, its very hard to add buy order. But for my taste this is a good setup. I would have appreciated if it could have closed at 49 so I don't have to think too much about the stops.

I believe good price buy this one is around 50.80 and stop at 48.00 (very high chances to whipsaw) and good target seems to be at 60. Looking at the wide stop, one can think about adding low quantity at that price and watch the stock during the day and if it looks strong can add little more (but certainly not at high price max 52)

Another good one to mention... here: I am not interested at this point but Apollohosp is settting up for major shorting......

1-19 Market Analysis (NSE)

Nifty didn't have the strong closing today but again it is behaving similar to previous breakouts; after the breakout consolidation for couple of days. Most big cap stocks also had the negative closing on little high volume (little concering thing) and some which went up didn't have very high volume. 

One more obervation, last time market tried to rally on Nov 24; it had nasty reversal on Dec 7 which was also the Fibonancci 50% retracement level of last 4 months. 4980 is also the 50% fibonancci retracement of Dec 7 th high. Again it is just a observation.....

Many big cap had a big run so far and getting tired little bit, as it always happens at the low point of the market. 

I am still bullish until we see big reversal in price or we see closing 4830. As I mentioned above, I am little concern with the big caps negative high volume.

1-19 Market Analysis (US)

S&P with a dream closing. Big cap stocks also participated in today's rally. Looks like we have an immediate resistance at 1325 region and next big resistance is at 1350. Based on today's action we should see little follow through tomorrow and should not see closing below 1289. Since December 21st, S&P is moving up very fast without a single major sell-off.... soon we will reach an over bought condition and should be able to see little pullback... and we will find the real strength of this market at that time.

Don't neeed to mention again.... but I am still bullish until we close below 1273.

1-18 Market Tips (NSE)

I don't see any new good opportunities in the market.

But for high risk taker I believe MMTC looks good pullback. Good buying price seems to be at 895 with stop price at 868 and decent cover price seems to be at 975. Not really great setup but risk reward seems to be good here.....

Update about previous tips:
Gujaratgas: excellent move for just couple of days. Good time to cover now. I believe cover price between 392 to 386 is good price to cover.

Sintex: Looks ok... not really great but in 2009 it went from this level to 700%. (Yes, it did). Looks good to take some low risk...

Hindunilvr : move stop to 391.

1-18 Market Analysis (US)

S&P had a nasty looking reversal today. Almost closed in the same price level as yesterdays closing. I don't like this closing. It seems like there is a big supply above 1294 level. Until S&P digest this supply it will be really hard to setup for another big move to 1350 level. Another possibilities is that if see closing like todays for next couple of days, we may be looking at some down movements. 

Big cap stocks is doing horrible, really bad closings. Most gaped up and closed below the opening, which shows big supply came on after the gap up opening and forcefully pushed the price down. It allmost looks like a fabricated move created in the morning and breakout traders limit buy order triggered in the morning. Then supply came back and took their stops out.

Looking at these actions, I am little concern about S&P's next big up move. I am not going to change my mind because of this one day low volume action. But will be watching market very very closely for tomorrows action and go from there...

 I am still bullish for now and little concern at the same time.......

1-18 Market Analysis

Nifty broke out of last 4 days of range with a big volume push. I always like this kind of breakouts. Breakout with volume always shows their strength. If we see another strong bar like this in day or two, we may have good chances to go to 5300 area. Looking at this action, I see that 5060 is the next key level which is reachable. Once market reaches at that level, it will tell us its mood and where it may move from it.

Now lets look into big cap stocks: Except, LT and Reliance all other big cap stocks I am tracking had a little weak closing. I am not excited about it. I certainly believe that big cap stocks tells us the markets real mood. Banks are not doing good in general, most big banks also had bearish closing.

Looking at the Nifty's todays action and Big cap stocks movement, I believe we should see some consolidation in this area before making another move (up or down). If we see big volume tomorrow,  we may see follow through. Most important thing here is to hold this price level and don't loose today's gain to show bull's strength in this market.

1-17 Market Tips (US)

SFLY: Sitting at the long term support here. We have seen good volume on Friday. I believe this baby looks good at this price.

Good buy price is: 22.12 with stop price around 21.29 and  cover price seems to be 24.


LEA: I am thinking about changing buying price for Lea to 41. It was mentioned in previous post

Other stocks worth mentioning here are:  IBM good technical setup for long side....as well.

1-17 Market Analysis (US)

This week we have see S&P breaking the 1292 level first time since Aug 11, which was a major thing for the market. Everybody is waiting for the big move up in this market now. But i would have been very happy if weekly close would have stayed above 1292 level.

 Again market is having hard time holding that level. There seems to be big supply or less demand from this level. Investors are just SOH at this level.

 I am seeing many dojis and hammers on big cap stocks which shows that market is holding up well for the supply. We need big demand to stay above this level now. I am able to find some pullback setups in top 20 big cap stocks which is also a good sign. Investors may be waiting for the Earning seasons to progress before making decision.

 Last two breakouts in S&P had 5-6 days of congestions prior to that. So far, we have 4 days of closing in this similar price range. I am not saying same thing may happen but just an observation.

 I am still bullish with this setups in this market until I see close below 1264.

1-16 Market Tips (NSE)

Don't find any good opportunity...but Sintex had a good breakout after couple of months.... still looks like a decent price range to buy 71.70. More info at this post

1-16 Market Analysis - NSE

Banks were week last fridays. Nifty's weekly graph shows strength, a real strength indeed and allmost looks like 5100 range is reachable in week or two time frame. Daily graph is not so strong for Friday. Good sign is that most top stocks weekly graph is also showing the strength as well. In last 4 days we have seen 3 dojis kind of formation, which means that we have reached at the supply zone from demand zone. Until demand over come the supply we will not see higher prices. Higher volume on either side will decide the market direction. Since see this many dojis with higher volume than usual, price change direction seems to be really quick one (we may see big price bar in this week). Again, my feeling is bullish until we see closing below 4800 level. Very risky to play with indexes at this level as rapid price change seems to be on horizon. Notes about other indexes: Midcaps are the leader for this really they still have some room to go up until they hit the resistance Infosys has killed the strong IT sectors. Have a happy trading.....

1-13 Market Tips (US)

NXTM - Stock at the support with the good hammer only down side is that its a very big range bar. Its very hard to decide the stop point. I may whipsaw tomorrow but this baby looks soo good that I believe its worth trying to play with it.

Good buy price: 16.67 with good stop price seems to be 16.17 with decent price to cover is 18.18.

Nasdaq:NXTM

1-13 Market Analysis (S&P)

S&P has a great going today. It broke out the resistance of 1294. Since Aug 01 this is the highest level in S&P; something to happy about for now. Next resistance level is at 1304 level but If we go higher with volume I don't see any problem breaking that level. It may take days to break that level. 


Major stocks didn't have good closing today. I didn't get excited about the volume as well. Most major stocks ended up in the negative territory but with less volume which is not really bad situation. Good breakout would have been with major stocks ended up in positive territory. Looking at the recent action, one can give benefit of doubt towards bullish side. 


Until S&P closes below previous breakout level of 1264 I am bullish with this market (We still have little support at 1274 and we can analyze at that moment if  S&P comes down to that level). I would not be surprised if we may see consolidation for day or two.....before setting direction in S&P

1-13 MARKET Tips

HinduLVR - This baby is right at the support since last 7 days with light volume. Seems like waiting for move in either direction. Looking at the current market condition higher probability chances seems to be on the longer side. So I am feeling good about the long position.

I believe good buy point seems to be around - 394 - 391  stop price - 381 and cover price seems to be 420.

Another good stocks which may be a good buy as well are: STCIndia, HindCopper


NSE stocks mentioned above are: Hindulvr, STCIndia, Hindcopper

1-13 Market Analysis (NSE)

Nifty had a light low day. Most stocks after the breakout tries to come back to its breakout level so that weak hands runs out of fear and strong hands collect the stocks. At the end of the day funds/big investors wants to make most money and if they see the easy available stocks they try to get it. Good news is that Nifty closed in the middle and didn't so weakness. Almost like a war between bulls and bears; and nobody won todays war. 

Since it touched the breakout point and came back up that shows market is still strong and somebody is buying big time here. Another intrepretation is that, on low day with high volume shows weakness. 

But looking at the current situation, I am still going to pick the first scenario. Most major stocks ended up near the resistance zones hence we may be seeing doji kind of setup in Nifty. As I said yesterday, little consolidation in this area can be good for next big move (up or down). I am still sticking with my point here and still bullish until Nifty closes below 4800. 

1-12 Market Tips (US)

LEA: looks good at this right support area. I believe it shows the strength and accumulation in last 6 days that makes it attractive to me. I believe 40.88 price looks good for long with stop at 39.92 and decent cover price seems to be around 42.79 or 44.30.

1-12 Market Tips

SINTEX - Price is right at the support. Went up two days which is against my rule but looking at this market. I believe this can be a good bet. Good buy price looks to be at 71.65 with stop at 67.20 with cover price looks to be at 85.


GUJRATGAS-- This baby is travelling a huge range in a day. In another word its a volatile one. This is a very risky so one can start with light position size. Good short price seems to be at 412 with stop price seems to be 424 and cover price seems to be at 387. This stock doesn't seem to have big profit ratio but looks interesting one from here.

1-12 Market Analysis (US)

As expected, S&P didnt able to cross the resistance, I think thats very good thing as without major support from volume and big stocks if Index goes up, it has very high chances to drop rapidly. Major stocks also didn't have the exciting closes as well; either Dojis or closing low or closing high with low volume.  In general, S&P hasn't disappointed me as of now but it hasn't excited me as well. 

I would not be surprised if we see couple of days of consolidation at this level until we have volume pushing price up or down. Then I will get excited. 

1-12 Market Analysis (NSE)

Nifty didn't have the ease of movement from yesterdays long bar that was not very exciting but I still don't see sign of bearishness here. Doji is historically means trend reversal when happens with high volume. Looking at the big cap stocks price action, I don't see any sign of major worry at this point. I don't see any resistance until price hits at 4930 or 4966. If we don't see volume tomorrow in the market, i would not be surprised if we see Nifty touching 4800 before making its another move (up or down).

Again my feeling is bullish as of now till we hit 4930/4960 range.

If you think otherwise and/or if you have question/comments, I would like to hear about it. You can utilize the comments section or send me an email directly.

1-11 Market Tips

Regarding old TIPS:
SNCR and EXPR is close in my view. Last price of SNCR was 29.42 and Expr was 19.42 looks good price to close. I didn't like their price action and Markets action so Closing (when confused) .

Today,  I had very hard time finding good short candidate...(?????) and only found one  good long trade on my view. Its risky but I still  think it looks good right at the long term support.... ..

CBOE - I believe  good buy target is 25 and decent stop seems to be at 24.39 and cover price seems to be at 26.28. It is a very wide stop but looking at the recent action, i think wider stop makes sense here... but its a very risky market situation so i feel like light position can be a good choice.

1-11 Market Analysis

Wohooo....S&P made many people planning for the next big leg up and thinking about big money to make in long. But major stocks shows different picture here. Most big market cap stocks ended up in negative territory today. Which shows weakness in this really. I am not sure if tomorrow is going to be a big down day or something but certainly this is not a strong really for sure. We may see volume in next couple of days but I put more weight to big market cap stocks than small cap stocks. As

In best case scenario my feeling is that we should see no market movement or..... we may see down day... chance to break this resistance is very very hard as of today. Tonight i will look for good shorting stock.

As I said yesterday, Nifty had a very good day as well. In my book, it was the strongest day after 15 day (wohoooo). All major stocks ended up in positive territory with decent to high volume as well.  For me this is a good breakout from small consolidation and from last 4 weeks of trading.  As we say it "E k dam zorr me toda reeee". 

In my experience, when we see this kind of a breakout (this is not a strongest breakout i have seen but decent enough to get excited) where price is closing in top of the range, i get excited because most of the time market followsup higher. If market comes down tomorrow below 4800 then this can prove to me a "April Fool" breakout... 

But my gut feeling is that we should see follow through day tomorrow it may not be as big as today but decent enough. I belieeve price may end up in the region of 4930 to 4966... which is a good follow through

Have a happy trading..... (sorry for the late posting)

1-10 Market Tips

DLF -  Looking good right at the support with good volume to support. Good buying price seems to be around 177 with stop at 171 and cover seems to be around 195.

1-10 Market Analysis

Nify and SPX both are at the key level again. Fifth day and still stuck in the same range. 

Nifty today tried to get peoples stop if they were having tight stops. Before the major move funds try to get your stops (means steal from you if you are high risk taker) because they always try to maximum profit than you. As they say trading is like a big fight and the smarter always try to steal from others. Major stocks are again at the key level. They  are either having dojis (in a day trading world its call range day) or very small move. Dojis usually means big fight between bulls and bears and settled at one price. When we see dojis with good volume, usually it means trend change big time. 

Looking at this action, I feel good about long positions. One looks to be good at Nifty as well. Good buy point 4753 with tight stop at 4681 cover 4791 (or hold for if you see big volume in major stocks .... as big volume jump at key level means major move ahead waiting).

S&P had very light action as well. This certainly shows lack of participation from big funds here. Again I will only get excited after it crosses 1294. I see many big names touching the highes or right at the resistance. S&P will need big effort to break that resistance level.

1-09 Market Analysis

Nifty and SPX both standing at the key price level. I am not going to comment or analyze Saturdays market as there was not much trading on that day.

Nifty is getting supply at this level since last 4 days. Volume is increasing since last 4 days which is a good sign. Fridays price range has been highest in last 3 weeks with decent volume (not really high but again same price level as last 4 days....). Major stocks in Nifty seems to be waiting to jump as well. Looking at current situation, market seems to be ready to jump but again until I would wait for closing above 4787, its risky business as we have seen major weakness from this level in past.

 4750 looks to be a good area for guys who wants to go long with stop around 4700 (very very risky business....).

SPX  is also seems to be digesting supply at a key price level. Price action suggest that it is ready jump but major stocks in the market suggest otherwise. This is a very confusing situation where major stocks are not inline with the key index here. I am almost waiting for the key level of 1292 or 1264 to break and hopefully we will find the direction after that.

Have a great trading guys.....

1-06 Market Tips (US Market)

EXPR: Right at the very strong support.  Really love this setup. Volume is higher but very high that I am really to marry this baby. But still its really hard to find the perfect match. But I can feel ok with this one.
   I feel comfortable to get in this one at 19.00 with Stop at 18.35  and good cover price seems to be 19.93 or 20.27

SNCR: Again at the key support area which i like to buy at with very high volume. Pullback with very light volume and right now at the key spring area.
  I feel comfortable buying at 28.67 with stop at 27.40 and cover price seems to be 31.55 or 32.20.

Happy Trading everybody....

1-06 Market Analysis

Since last three days Nifty is closing around the key support area 4734. Demand (4734) and supply (4781) are fighting to win this battle but no body is winning the war since last three days.We should follow the winner from here. Most major stocks also had the Dojis and hammers kind of formation. This tells me that we should see major movement in either direction in a day or two.

At higher end  next resistance is 4841 or 4920
At lower end next support is 4640

S&P is also going through demand (1266) and supply (1282) war. In S&P case, we see that demand has little upper hand in this battle. Based on the my wave indicator (still under testing) next day should loose all todays gain (will find in next 18 hours...won't we).


Next strong resistance is 1293.

My feeling is that that both Nifty and S&P needs to digest some supply before making healthy move as we have very low week behind us and breakout with low volume which is the main worry point.

1-06 Market Tips

M&M :  this baby is Just looking to popout. Very Strong close today with good Hammer formation. Certainly we don't know if it is short covering or demand is really high. Buying some at this range can be profitable its like a spring formation. Good spring formation usually doesn't have very strong selling behind it. 

Buying some below 647 (between 647 to 638) can be a  good entry point with stop at 623 and cover at 690. (light position is better option at this stage)

1-05 Market Tips (Update)

Apollohosp: I would close this one with 2% profit. I didn't like the close.

Jindalstel: with 3% profit in last two days, its safe to close if you still have it. For risk taker..... can wait till 485.
(Don't see really good opportunity)

1-05 Market Analysis

As expected, Nifty didn't made big moves but there has been higher volume than last 10 days. Monthly chart looks very bearish and weekly graph shows that we are just under then 200 days moving average. Yesterday Nifty crossed major resistance and today it is being used as a strong support area. This may be a breakout test or next big leg down. Its really hard to predict at this level. Last time market went down by 150 points from this level. With low volume week behind us, its not easy to even guess tomorrows action. 

If we go below 4700, we may expect further down side ........

SPX is also at the key level. Last SPX visited this range was back in November and from there it went down 130 points (with the very similar size Hammer). Yes this is a very key level. Again, with the light volume week behind us we can't say anything for tomorrows action. Next resistance level is 1293 and support is 1264.

1-04 Market Tips (US)

KEX:  Seems to be ready to test the breakout area at 60 which was a strong breakout. My shorting interest zone seems to be around 65.50 with  stop at 66.40 and good cover seems to be at 60.70

1-04 Market Analysis

Most traders were excited yesterday. It was a dream finish for Nifty and other world markets. I hate to say this but I don't see this as a strong push to upside. Major stocks did not hold well and I didn't see major participation from funds. Lets wait and see what tomorrows brings us but if looking at current situation, we are looking for another lower low in near future which may be lower than 4500 (you can tell.... i am not a happy camper).

SPX also didn't hold well which is not good sign. With todays strong opening and future market, i thought we will see top of the range close but market just went up for first 5 minute and sat there for most of the day and at the closing it has little bearish push. Almost looks like a fabricated market movement. Tomorrow we should know better.

In general, looking at todays action, in best case scenario we should not see much movement and worst case scenario we may loose some of the todays gain and for longer term we should see lower low. I would wait as this is a volatile situation or atleast wait for tomorrows market action. 

Nifty's key levels:

   if it crosses below 4730......it may push all the way to 4675 (if there is major bearishness in the media..... very high chances to see 4675)

   if it crosses above 4797......it may push all the way to 4840 (again if there is major bullishness in the media..... chances are higher...to reach 4850)

1-04 Market Tips (NSE)

Apollohosp - This stocks has been really volatile since last month. I would be really careful playing with this kind of volatile stock in this market. But none the less, looks sitting right at the strong support area. I believe, 554 looks to be good buying price, stop can be at 538 with 585 seems to be a good price to take profit.

1-03 Market Analysis (US)

As I said last week, SPX is at a  key resistance level and we need major bull push to clear this level. Looking at last couple of months price action, market wants to go up with pullbacks. Since Oct, 11 we have made three higher highs which is a bullish sign. All three pullbacks ended up with major jumps which is again a very bullish sign.

Lets see where does market takes us this week but my feeling is still very bullish......(but again that's just my feelings)

1-03 Market Tips

JindalStel: Setting up good here at the key support level.  My buying price would be at 455 with stop below 438 and cover price would be 480-490 range.

1-03 Market Analysis

Market is again stuck at the key support level. We have seen major bounces from this level and based on yesterdays price action, we should see little jump from this level.

Key prices level to watch are : 4672 and 4700.