S&R.

Every stock moves in between its resistance & support. Some time it breaks its resistance/ support.

BERGEPAINT – support at 224.00 & resistance at 240/242.

BASF       - support at 613/608 & resistance at 640/645.

BALKRISIND - support at 277/272 & resistance at 288/290.

CADILAHC   - support at 709/704 & resistance at 768/773.

CUMMINSIND - support at 421/416 & resistance at 448/453.

PFIZER     - support at 1157/1152 & resistance at 1280/1285.

These are few examples. After braking its R or S it enters into new zone, for example if BALKRISIND trades well above 291 then 288 will become its support and 304 will be its resistance.

Mahesh Sawerdekar.

25/10/2013

Good Morning.

I will be watching today TCS, it closed at 2008.70 with a loss of 2.5%.

SGX Nifty   6,157.00 -34.00  

Regards

24/10/2013

Oct 23, 2013, 03.33 PM IST

 GAIL rallies, ministry likely to exempt it from oil subsidy The oil ministry has reasoned that because GAIL, as a gas producer, does not make windfall profits when international crude oil and gas prices soar, it should not be held liable for subsidies.

23/10/2013

HINDPETRO price is in bull grip.

Yesterday 1^st hour range was – 190.65 – 193.40

Closed at 198.30. ATP 195.63.

May face resistance  in the range of 206/210, strong support at 192.00.

22/10/2013.

BERGEPAINT has given a good closing yesterday. ASIANPAINT declared good result.

BERGEPAINT results on Nov 1

Yesterday it crossed resistance 224.00. Trading well above 227 will be good for it.

18/10/2013

GODREJCP

Expected resistance – 829.00, 836.55, 840.00, 851.00, 862.65.

May touch 813.15.

Earlier high is R & earlier low is S

 - http://www.google.com/finance/historical?q=NSE%3AGODREJCP&ei=A2NgUrjMGIqdkQWB7gE

Regards.

NB: Covering in profit is IMP than waiting for expected target.

16/10/2013.

Good Morning,

From forth coming trading day I will start accumulating TORNTPHARM at every proper fall. Its price is in bear grip, 5 days continues looser and close to year low. Very strong fundamental. Quarterly result on 30^th Oct, 2013. 

Regards

TORNTPHARM - CLOSED AT 429.00 WITH A GAIN OF 2.6%

15/10/2013

Good Morning.

As on 8:10 AM SGX nifty is in green -  6,206.00  +62.50  .

I will be watching few overbought stocks with view of shorting.

Regards.

14/10/2013

Good Morning,

I will be watching today ITC , as per my view it looks weak to me as long as it trades below 357.00, Likely to touch 335.00 in intraday. 

Regards

11/10/2013.

List of some overbought stocks.

Name                     RSI

                 

ADANIPORTS               65

ARVIND                   76

BANKINDIA                63

CENTURYTEX               66

GLENMARK                 70

L&TFH                    75

LUPIN                    72

SUNPHARMA                75

TATACOMM                 77

TATAMOTORS               71

TECHM                    77

ULTRACEMCO               70

Mahesh Sawerdekar.

10/10/2013

JETAIRWAYS : Closed at 346.20 [-3.1%]  

Expected R -  350.50, 352.00, 355.50/357, 361.80, 374.40 and in case of unexpected up move then likely to face strong R 387.50, 400.05.

Expected S – 344.25, 339.30.

JETAIRWAYS : Made intraday high at 355.00 & closed at 347.10.

08/10/2013 at 8/04AM

JUBLFOOD:  Closed at 1208.25 with a gain of 1.7%

PP: 1201.15. SMA [3, 5, 9] 1188.00, 1176.00, 1171.00.

Expected R – 1215.90, 1221.30, 1227.60. 1236.60, 1275.30, 1289.70.

This call is for study purpose, but one may trade in it in small qty on own risk. Best is double the qty at every R.

JUBLFOOD made intraday high at 1224.00 & closed at 1186.25 [-1.8%]

4th October, 2013.

Good Morning.

BRITANNIA – Closed at 823.85 [- 1.2%]. PP – 829.60.

RSI: [14] 70.58.

Expected R @ - 833.40/837.00, 840.15, 852.00, 862.55, and 877.50. SL 880.20. Expected target 817.20, 811.80 but best to cover in profit w/out waiting for target.

BERGEPAINT  - punch a buy order in advance to buy it in small qty at 206.55.

Regards

What is a chart?

What is a chart? It is a mirror giving reflection of price movement of a indicating oversold/overbought position & trend etc.

Many stocks vanished from market after discovery of scam but till such discovery no one was aware of the fraud.

This does not mean that chart is of no importance.

I check chart but pays more importance to resistance & support level.

Best is to take entry in fundamentally good stock at proper level i.e. not when they are overbought.

My one simple rule is to ask myself before taking entry will I be able to buy it 10 more times at proper level if it falls?

Many people buy a stock with a stop loss figure in mind. They exits the position if SL hits, but this erodes there capital.

Best is take entry into good stock [ what is a good stock is another subject , I may write about it latter] with comfortable qty.

with regards

Mahesh Sawerdekar.

STOCK MARKET.

A stockbroker urged me to buy a stock that would triple its value every year. I told him, "At my age, I don't even buy green bananas." - Claude Pepper.

Mahesh Sawerdekar.

CNXNIFTY

Yesterday NIFTY closed at 5840.55, previous closing was at 5850.60. 
PP - 5865.35.

R -  5,932.45 , 6,024.40 , 6,116.35
S -  5,773.40,  5,706.25 , 5,614.30

GREEN     D.ZONE     RED   
5,880     5,847      5,836

I have position in -

ASTRAZEN, BASF, BAJAJFINSV, BERGEPAINT, CADILAHC, CUMMINSIND, CRISIL, OFSS, THERMAX, TORNTPHARM, M&MFIN, NESCO, L&T, LICHSGFIN & few more stocks

Yesterday I took delivery of M&MFIN at 258.30 qty only 25 nos. I prefer to buy in small qty for I buy more at every proper fall.


SUNPHARMA looks good to buy at 549 / 544.50.

New comers must keep patience, keep track of fundamentals along with chart reading. BSE periodically offers courses regarding chart reading etc.

.Even a thief takes 10 years to learn his trade
S.MAHESH.






 


 

CNXNIFTY

On 18-04-2013, CNXNIFTY closed at 5,783.10, earlier close was at 5,688.70. +1.7%

SMA [3, 5, 9]: 5,720.00, 5,652.00, 5,605.00.

PP: 5,753.10

R: 5,824.35, 5,865.60, 5,906.85.

S: 5,711.85, 5,640.60, 5,599.35.

SIGNAL: -

GREEN     D.ZONE       RED

BUY ABV   SL FOR BUY

5,768.00   5,635.00    5,724.00.

RSI {14}57.61

COX&KINGS    - I will buy above 128.25, SL 126.90, target 130.50.

RANBAXY      - I will buy above 454.50, SL 446.00, target 462.60.

Global cues are positive – market likely to open in green.

S.Mahesh.

CNXNIFTY

On 17-04-2013, CNXNIFTY closed at 5,688.70, earlier close was at 5,688.95.

SMA [3, 5, 9]: 5,649.00, 5,614.00, 5,580.00.

PP: 5,696.60

R: 5,724.20, 5,759.75, 5,795.30.

S: 5,662.00, 5,633.50, 5,597.95.

SIGNAL: -

GREEN     D.ZONE       RED

BUY ABV   SL FOR BUY

5,711.00   5,678.00    5,668.00.

RSI {14}50.84

GEOMETRIC    - I will buy above 101.70 & at 99.00, SL 95.75, target - 103.00, 104.00, 105.30.

               Circuit limit - 81.00 - 121.50.

GRANULES     - I will buy above 103.25 & at 98.55, SL 95.90, target 106.00.

               Circuit limit - 82.28 - 123.42.

KOLTEPATIL   - I will buy above 91.35, SL 87.90, target - 93.00.

               Circuit limit - 72.56 - 108.84.

VIPIND       - I will buy above 66.15, SL 63.70, target - 68.00, 70.00.

               Circuit limit - 53.32 - 79.98.

NB: - 1] Circuit limit copy pasted from - http://www.buzzingstocks.com/in/index.pl

2] MCLEODRUSS looks bad on chart.

S.Mahesh.

CNXNIFTY

On 16-04-2013, CNXNIFTY closed at 5,688.95, earlier close was at 5,568.40. + 2.2%

SMA [3, 5, 9]: 5,595.00, 5,588.00, 5,567.00.

PP: 5,648.00.

R: 5,740.15, 5,791.40, 5,842.65.

S: 5,596.80, 5,504.65, 5,453.40.

SIGNAL: -

GREEN     D.ZONE       RED

BUY ABV   SL FOR BUY

5,662.00   5,530.00    5,520.00.

RSI {14}50.93

ABGSHIP     - I will buy above 327.45, SL 322.00, target 333.00.

BGRENERGY   - I will buy above 187.20, SL 185.40, target 190.00, 192.00, 194.00.

TORNTPOWER - I will buy above 140.40 & at 138.15, SL 135.45, target - 142.00, 143.10.

ZEEL        - I will short at 203.90, 205.50, 208.00, 210.00, SL 211.50, target 198.00.

S.Mahesh.

CNXNIFTY

On 15-04-2013, CNXNIFTY closed at 5,568.40, earlier close was at 5,528.55. + 0.7%

SMA [3, 5, 9]: 5,564.00, 5,549.00, 5,565.00.

PP: 5,553.85.

R: 5,607.40, 5,646.40, 5,685.40.

S: 5,514.85, 5,461.30, 5,422.30.

SIGNAL: -

GREEN     D.ZONE       RED

BUY ABV   SL FOR BUY

5,568.00   5,536.00    5,526.00.

RSI {14}40.44

ANANTRAJ     - I will buy above 60.50, SL 59.40, target 63.00. Poor Liquidity.

CENTRALBK    - I will buy above 66.60, SL 65.00 [strong support at 64.00] target 68.00.

MCLEODRUSS   - I will buy above 340.65, SL 337.50, target - 345.60.

SOBHA        - Looks good as long as it trades above 352.00.

             - I will buy above 357.30, SL 353.25, target - 363.30, 365.25.

SRTRANSFIN   - I will short 681.25, SL 682.75, target 658.35, 655.20. [It has support at 640.00]      

In case of unexpected up move it will face R at 702/ 709.

VENKEYS      - I will buy above 551.70, SL 548.10, target - 560.70.

S.Mahesh.

Targets Achieved -
ANANTRAJ - 63.00.
CENTRALBK - 68.00.
VENKEYS - 560.70.

Market may open in RED. No aggressive buying, trade in small qty in bullish stocks.

CNXNIFTY

On 12-04-2013, CNXNIFTY closed at 5,528.55, earlier close was at 5,594.00. - 1.2%

SMA [3, 5, 9]: 5,560.00, 5,544.00, 5,585.00.

PP: 5,522.65.

R: 5,550.40, 5,572.25, 5,594.10.

S: 5,500.80, 5,473.05, 5,451.20.

SIGNAL: -

GREEN     D.ZONE       RED

BUY ABV   SL FOR BUY

5,537.00   5,505.00    5,495.00.

RSI {14}36.18

Tilaknagar [TI] - I will buy above 61.75, SL 59.40, target - 64.00.

Tilaknagar [TI] - Achieved the target of 64.00.

S.Mahesh.

CNXNIFTY .

On 11-04-2013, CNXNIFTY closed at 5,594.00, earlier close was at 5,558.70. + 0.6%

SMA [3, 5, 9]: 5,549.00, 5,549.00, 5,605.00.

PP: 5,582.50.

R: 5,622.15, 5,650.30, 5,678.45.

S: 5,554.35, 5,514.70, 5,486.55.

SIGNAL: -

GREEN     D.ZONE       RED

BUY ABV   SL FOR BUY

5,597.00   5,565.00    5,555.00.

RSI {14}40.57

I will watch today –

TTKHEALTH & HDFC.

S.Mahesh.

HAPPY GUDI PADWA.

On 10-04-2013, CNXNIFTY closed at 5,558.70, earlier close was at 5,495.10. + 1.2%

SMA [3, 5, 9]: 5,532.00, 5,545.00, 5,615.00.

PP: 5,535.05.

R: 5,592.90, 5,627.10, 5,661.30.

S: 5,500.85, 5,443.00, 5,408.80.

SIGNAL: -

GREEN     D.ZONE       RED

BUY ABV   SL FOR BUY

5,549.00   5,518.00    5,507.00.

RSI {14}36.94

AMTEKAUTO   - I will buy above 62.10 & at 60.30, SL 59.90, target - 63.45, 64.35.

AMTEKINDIA - I will buy above 74.25, SL 71.75, target 76.50, 78.00.

APTECHT     - I will buy above 45.55, & at 44.55, SL 43.90, target 47.25, 48.00, 49.05.

BIOCON      - I will buy above 282.60 SL 279.45, target - 286.00, 287.55, 289.55.

CENTURYTEX - I will buy above 277.65, SL 275.40, target - 282.15.

GODREJPROP - I will buy above 532.80, SL 528.80, target - 537.80.

SINTEX      - I will buy above 45.45, SL 43.90, target - 47.25 - 48.00.

------------------------ooooooo----------------------------


AMTEKAUTO - target - 63.45, 64.35. vs intraday high - 65.50.

AMTEKINDIA - target 76.50, 78.00 vs intraday high - 85.35.

APTECHT  - target 47.25, 48.00, 49.05 vs intraday high - 47.80.

BIOCON - target 286.00, 287.55, 289.55. vs intraday high - 296.00.

CENTURYTEX - target - 282.15  vs intraday high - 283.25.

GODREJPROP - target - 537.80  vs intraday high - 562.45.

SINTEX -  target - 47.25 - 48.00  vs intraday high - 46.40 [x]

CNXNIFTY

On 09-04-2013, CNXNIFTY closed at 5,495.10, earlier close was at 5,542.95. SMA [3, 5, 9]: 5,530.00, 5,568.00, 5,624.00.

PP: 5,528.40.

R: 5,569.75, 5,644.40, 5,719.10.

S: 5,453.75, 5,412.35, 5,337.70.

SIGNAL: -

GREEN     D.ZONE       RED

BUY ABV   SL FOR BUY

5,543.00   5,511.00    5,501.00.

RSI {14}29.23

HINDZINC -   I will buy above 117.45, SL 116.20, target 118.35, 119.25, 120.15.

IDFC -       I will buy above 143.25 & at 141.30, SL 139.50, target 145 - 145.80.

NTPC -       I will buy above 142.55 & at 141.30, SL 139.50, target 144.00.

TATACHEM -   I will buy above 315.45, SL 313.00, target 317.25, 319.05, 320.40, 321.30.

VAKRANSOFT - I will buy above 70.20, SL 67.50, target 71.55, 72.00.

S.Mahesh.