DLF heading for 315

One should Buy DLF at 292 -293 at which its is currently trading with stop loss 280 on closing basis for a target of 315.

Nifty heading for 6300

Coming back again after a long time.

After a big session of up down and volatility again Nifty is sustaining above 6040-6050 after making a W shape formation,So one should go long for a target of 6300 withina month or so with stop loss of 5940 on a closing basis.

Book profit in nifty

book profit in nifty call , given day before yesterday at 5800 with s.l of 5750 for target of 5940 ..... Currently nifty is trading at 5940.. Book profit and wait for second call ....

Nifty Calls for target 5940

My last advise was to get out of market below 6020 and see major panic happened after that.Now time has come to start trading again.
My view is that Nifty has made a botoom of 5690 on friday for time being and now Nifty future is trading at 5800.
My call is to buy Nifty at 5800 with stop loss of 5730 for target of 5940 within 2-3 days.

Market update

Market has corrected around 4 % in last three days on the weak global cues.I will suggest to stick with your long positions on my calls with its stop losses on closing basis and exit out of your long positions if Nifty closes below 6020 or its stop loss triggers.

HCC

Buy HCC as the stock is breaking out above 65.50 from its triangle pattern and is ready to move for a target of 73-75 with stop loss of 61.

Jaiprakash Associate

Well after long time Jaiprakash Associate is trying to break out of this channel and Stochastic Oscillator along with MACD are also showing positive signs on the weekly charts.So one should go long above 135 with stop loss of 124 on closing basis for a target of around 165.Looking at the cement stocks performing fabulously in the recent days,one should definetly take long position in the stock,if it holds above 135.

MRPL call active

MRPL trading above given rate of 85 .Call is ative now,So go and buy it.

Book Profit In ICICI Bank

Book profit in ICICI Bank at 1242 as target is almost reached.

ICICI BANK

ICICI Bank has come out with good set of numbers and it has given close above 1158-1160 which is almost one of the highest close of the recent past,So one should take long position in the stock with stop loss of 1100 for target of 1250.

Book Profit In Raymond

Raymond is trading at 432 ,book full profit in it as it almost more than 10 % return now and stay invested in other calls...MRPL is hovering below 85,once it start trading above that level,our call on it will become active and Apollo tyre has not gone above 85 and so call on it dint got initiated and it is down from there,So avoid that stock from your radar.

Nifty And Overall Market Update

The huge volatility and up down seen in the last few days is nothing but the changing of position from weaker hands to stronger hands.This rally of 700-800 points on Nifty after getting out of  4600-5500 range is not going to correct in a massive way so early.So stay in the market with full conviction as Nifty seems to target 6500-6600 before breaching 5700 mark in a couple of months.And this 5-7 % correction in such a momentum market does not last for more than 3-4 trading seesions,So stay in and earn money :)

Partial Profit book in Sesa Goa and Raymonds

Sesa goa call given at 345 has almost achived its first target and is trading around 385,So one can book partial profit and stay invested for the rest.

Raymond call initiated at 380 is now at 410,So partial profit can be book in this counter also and can wait for some more move for the rest.

MRPL

This stock has formed this symetric triangle formation on a very long horizon and seems to take an upward move now,So once the stcock start trading above 84-85 one should take a long position for a target of 95 on short term and 107-110 on a bit longer term prospective of around 1-2 months with a stop loss of  77-78 on closing basis.

Update on previous calls and Nifty overview

Kotak Bank and Shipping Corporation have achieved there target and IFCI is almost half the way to its target with strong momentum,so stay invested in it and stay invested in other calls also.Market seems good after 3 days of lack lustre as Nifty close well after rebounding in the last hour of trade on friday.Nifty looks good and can go upto 6300-6350 till it does not breach the important support of 6030 which is the opening and low of this month.

Shipping Corp

The Script is out of this formation on the back of news of fund raising through FPO,So one can get into this stock above  175 for target of 200 with stop loss of 160 which is 50 dma.One can trade as per your required target between the range as the script is not a fast mover and might take a month or two to reach the target level.

Kotak Bank

There is a small and smart trading oppertunity has been seen in this stock on the basis of symetric triangle formation.So one can go long with stop loss of 485 for a target of 525.One should follow strict stop loss as this is a pure trading call with time frame of 3-4 days only.

IFCI

This stock has consolidated for almost a year forming a triangle formation and now the stock seems to begin its move for a new upward journey for a target of 90 with stop loss of 55.So one should buy this stock in delivery with holding time frame of around 2-3 months as 35-40 % return cant be expected in a hurry.

Apollo Tyre

The stock  after a huge run up from 60 to 90 is now ready to move again after consolidating in flag pattern.This stock has been seen performing well on this formation earlier also,so once the stock moves and hold above 85 one should definetly take long position in the stock with stop loss of 80 for a target of 98-100 which is almost a decent 15 % return.The time frame of about 6-8 trading sessions should be kept in mind before taking position in the stock.

Raymonds

The stock has formed a flag pattern,So once the stock goes and hold above 380 one should take buy position on this stock for target of  440 but with strict stop loss of 360 on closing basis as this is an ill-liquid and cash stock which has already moved in multiples this year.Target can take 10-12 trading sessions to be achived.

Glenmark Pharma

This Stock has consolidated for almost 1 year and now the stock is holding very well after getting out of this huge time taken triangle formation.So one should definetly go long with stop loss of 275 for target of 405.The whole pharma sector had performed very well in recent days except this stock participating into the rally.So looking at this one should definetly take long positon in the stock as it seems time has come for it to move also.

Sesa Goa Game of Risk Vs reward

The stock does not breach 75 dma on weekly basis inspite of negative news hitting the couter again and again few days back.So one can go long once it crosses 345 which is 20 dma for 1st target of 390 and 2nd target of 430.Risk reward is extremly favourable and considering all other metal stocks have moved decently in the past few trading sessions,one should play this game of risk and reward.

United Spirit - Formation of cup

The stock has formed a Cup and Handle formation and after copletion of this formation at level of 1500,stock is holding very well above this level,So one should buy this stock at every dip with stop loss of 1325 which is 50DMA for a target of 2300 with time frame of around 3-4 months.This trade looks attractive from risk reward ratio also.

Bharti Head & Shoulder

This complete H&S pattern is completed once it has crossed Rs.330 with volumes and sustaining there for more than a week.This H&S pattern gives a target of Rs. 395 with the stop loss of  Rs.310 which is the lower end of Left shoulder.So this trade with risk reward ratio of 1:3 with time frame of around 1-2 month is worth trading.