Charts for the Day

[xsis]

65% as deliverable qty has more volume than 90%'s case!
overall ITC's next downleg has started :thumb:

23/06/2014 (Swing low) ~ ITC intraday ends with 6.20% loss, highest volume day, compare with last 25 days. But deliverable Quantity to Traded Quantity is 65.00 %.

30/06/2014 (highest volume day after swing low) ~ ITC intraday ends with 1.70 % gain, highest volume day after swing low, But deliverable Quantity to Traded Quantity is 90.00 %.

So we can easily find out 315 level is strong support (Demand zone).So I has decide to take long with swing low as stoploss.

 

[Esse]

One point that I would like to emphasize upon is that ITC is close to 50 day sma (Rs. 538.5). So a short trade can initiated with a very small SL at those levels

Regards

 

[manojborle]

 

[anil_s_trivedi]

Dear manoj,

Excellent and simple analysis. Thats what the power of simplicity is.
Just pure, trendlines and S/R lines...good one..
keep it up...

 

[anil_s_trivedi]

Nifty update:

Closing on daily/weekly was a good one,as closed towards the high.
A upside resistance seen at 7790-95 levels.
For first hour, key support at 7730 levels, failure to hold will bring 7700 levels.

Below 7700 not good.

As expected Nifty resisted at initial resistance for intraday, now i had raised a little bit to 7800 levels.

Support zone for intraday, for this hour at 7730-35 levels.

Daily SAR at 7640. ON hourly i would be cautious if hourly closes below 7730 support zone.

 

[santhosh2010]

Last two weeks Lichsgfin gave NR7 setups,Today breakout and closed above last two weeks high.

As well takes good support at 40 days Moving average.Now trades and hold above the monthly pivot.

Today % of Deliverable Quantity to Traded Quantity is 61.57 %.

as per ascending triangle pattern (Hourly) target 365.00

stoploss : 315.00.

 

[santhosh2010]

Kotakbank Eod makes good support at 855 levels, Today kotakbak increase 345% volume compare to average volume.

% of Deliverable Quantity to Traded Quantity is 79.04 % (1,13,16,836),Last 1 hour volume is (1,12,79,753).

Today KOTAKBAK July 2014 future contract added 33,26,500 qty OI,(% change in open interest is 55.19)

Now kotak bank eod facing strong resistance at 877 level (50 day SMA), today’s high was 883.40.

Buy Kotakbank above 884 with stoploss 850.I am expected sharp up move, Target is 975.00.

 

[santhosh2010]

 

[umesh12]

Hi Santosh

It looks like, you are trying to clutter/hijack the useful thread of Anil bhai by posting all these charts. I do not understand, when you have opened so many threads of your own, then why dont you post all these, there. :annoyed:

As far as charts related with the comments on Anil bhai posts were okay, but you are now crossing the limit. Anil bhai is a thorough gentleman, he will not stop you for all this, but you should think yourself. Previously it was ABF, then one another member (I do not remember his name) and now it is you.

Hope common sense will prevail.

 

[timepass]

Hi Santosh

It looks like, you are trying to clutter/hijack the useful thread of Anil bhai by posting all these charts. I do not understand, when you have opened so many threads of your own, then why dont you post all these, there. :annoyed:

As far as charts related with the comments on Anil bhai posts were okay, but you are now crossing the limit. Anil bhai is a thorough gentleman, he will not stop you for all this, but you should think yourself. Previously it was ABF, then one another member (I do not remember his name) and now it is you.

Hope common sense will prevail.

I think it's ok. I don't think that anil will mind it, santhosh's charts are good and relevant, no spamming here.