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.