Stock recommendations (equity)

[mech71]

Positional Trade- Buy Ktk bank Oct Fut at CMP- 118.5
Target- 126-130
SL- 112 on closing basis

Target Expected within 6-7 trading sessions

Dear Yagnesh,

Is this call based on some technical set-up or rumour of take over by ICICI.....
Thanks.

 

[Yagnesh07]

Dear Yagnesh,

Is this call based on some technical set-up or rumour of take over by ICICI.....
Thanks.

This is purely based on technical analysis.

 

[Yagnesh07]

Positional Call-
Buy Hexaware at CMP- 113
Target- 121-125
SL- 108 Closing basis.

Stock is in oversold zone as per RSI indicator. Stock is also retraced almost 100% from its last high. So some sharp move will be expected from here.

 

[Yagnesh07]

Technical View on Nifty:

Last trading day on Tuesday 16th Oct 2012 nifty made a low of 5636 which was very crucial support level.
Once nifty break this level it will test the 5580 levels which is exact 38.2% Retracement from the last high.
Trader can go short only below 5630 levels.

Happy Trading !!!

 

[prabhsingh]

Technical View on Nifty:

Last trading day on Tuesday 16th Oct 2012 nifty made a low of 5636 which was very crucial support level.
Once nifty break this level it will test the 5580 levels which is exact 38.2% Retracement from the last high.
Trader can go short only below 5630 levels.

Happy Trading !!!

Mate,

5630 is any Retracement level?On what basis have you derived this value.As you stated,it made a low of 5636 then why not 5635 as support level.Just trying to understand basis of deriving 5630 levels.

 

[Yagnesh07]

Mate,

5630 is any Retracement level?On what basis have you derived this value.As you stated,it made a low of 5636 then why not 5635 as support level.Just trying to understand basis of deriving 5630 levels.

5630 levels were also the last break out levels which nifty broke on 21/9/2012.
Broken resistance act as a support levels.

 

[Yagnesh07]

Positional Trade- Buy Ktk bank Oct Fut at CMP- 118.5
Target- 126-130
SL- 112 on closing basis

Target Expected within 6-7 trading sessions

Call Closed as target achieved today.
Ktk Oct fut made high of 131.90

 

[Yagnesh07]

Sell PFC below 195 for the Target of 189 SL- 198 (Closing basis)

Stock is corrected 23.6% from its last high. Also there is a negative divergence present on RSI which suggest sell signal.
There is negative cross over happened on MACD.

Target expected within 7-8 trading sessions

 

[Yagnesh07]

Sell PFC below 195 for the Target of 189 SL- 198 (Closing basis)

Stock is corrected 23.6% from its last high. Also there is a negative divergence present on RSI which suggest sell signal.
There is negative cross over happened on MACD.

Target expected within 7-8 trading sessions

Call closed as target achieved today

 

[Yagnesh07]

Positional Trade-

Sell IDBI Nov Fut below 96
Target- 90-88
SL- 99 on closing basis

Target expected within 5-6 trading sessions