Trading Strategies' log !!

[STOCK.KNOWLEDGE]

How was the Equity Market on June 26, 2013 !!

As seen, Nifty opened Positive today with a gain of 18 odd points, on the back of positive global cues. In the first half of trading session, Nifty took resistance at around 5640 levels & traded range bound close to 5610 levels in a Band of 20 odd points. In the second half of the trading session, Nifty again started with a range bound move as expiry of June series tomorrow. As expected in the last 1 hour of trading session, Nifty showed a volatile move, managed to break below 5600 & corrected till 5580 levels & ended up near its days low reason being USD/INR again crossed above Rs 60. Sectors which managed to close in green were CNX-IT, FMCG & ENERGY. On the other hand, METAL, AUTO & INFRA ended in red.

 

[STOCK.KNOWLEDGE]

Glance ahead - View for Equity Market on June 27, 2013

As seen, Nifty ended in red below 5600 level as USD/INR crossed above Rs 60 levels which is a negative sign for Nifty, but tomorrow is expiry of June Contracts, So, a volatile move in Nifty might be witnessed. For tomorrows session, 5560 will be a crucial support level, if it breaks & hold below this level, then correction might be seen till 5500 & 5470 level, but the major support will be around 5440 levels. On the up side, 5600 level will be a crucial level to watch for. Intraday resistance will be around 5640 & 5680 levels & major resistance will be around 5760 levels. Traders are advice to look for 5600 level on the upside for long position & on the down side, watch for 5560 levels for short sell positions. A strict stop loss should be considered while taking any position in Stock Market.

 

[STOCK.KNOWLEDGE]

How was the Equity Market on June 27, 2013

As seen, Nifty opened gap up with gain of 59 odd points, on the back of positive global cues & USD/INR opened little lower. In first half of the trading session, Nifty after opening GAP UP took resistance around 5655 levels, it was range-bound & traded in the band of 30 odd points & filled the day’s GAP(GAP UP opening). In the second half of the trading session, Nifty broke above its morning’s range due to positions rollover. It went up to test 5700 levels & was range-bound, in 30 min of trading session. Nifty closed with a gain of more than 90 points. All the sectors ended in green with good gains, sectors which gained maximum today were CNXIT, ENERGY & PHARMA. On the other hand, only sector ended in red was FMCG with marginal decline.

 

[STOCK.KNOWLEDGE]

Glance ahead - View for Equity Market on June 28, 2013

As seen, today, Nifty bounced up, despite of expiry & managed to close above its intraday resistance of 5680 levels. This reflects some positivity for Nifty in short term. This positivity might extend, if USD/INR show some decline. On the up side, 5700 will be intraday resistance for Nifty, if it manages to break & sustain above this level, then further up move might be seen till 5720 & 5760 levels. If it goes above these levels, then it might fill the GAP till 5800 levels. On the down side, Nifty have a strong intraday support around 5630 & 5580 levels, if it manages to break & holds below these levels, then a correction might be seen till 5560 & 5500 level. But 5440 will be the major support for Nifty. If Nifty fails to cross 5720 levels, then a sharp correction might be seen in Nifty. So, traders are advice to watch for 5720 levels.

 

[STOCK.KNOWLEDGE]

Stock alert - ifci !! (june 28, 2013)

Stock is trading in a Triangle Pattern on Weekly chart. Recently, it has tested the lower band of the pattern & bounced sharply. This is the least risk opportunity for medium term investment for 3-4 months for good up side with least risk and maintain a stop loss of 20.50 on closing basis for targets of 35 to 43 levels. Strict Stop-loss should be considered while taking any position in Stock Market.

 

[STOCK.KNOWLEDGE]

How was Equity Market on June 28, 2013 ??

As seen, today, Nifty opened GAP UP with gain of 67 odd points, on the back of positive global cues & USD/INR opened lower, this was the reason of positivity as mentioned in our previous article. In the first half of the trading session, Nifty after opening GAP UP it started with a range bound move, later managed to break above the day’s high & intraday resistance of 5780 level. In the second half of the trading session, it continued the up move & broke its major resistance of 5800 level & further rallied up till 5850 levels. One obvious reason for this rally was Decline in USD/INR. All the sectors ended in green with big gains, sectors ended with maximum gain were METAL with More than 4% & REALITY, INFRA with more than 3.5% & MID-CAP was up with 3.19%.