Closed Intraday Position

Axis bank at 541.8 , Icici Bank at 252.2,  Bank Nifty at  19395

Axis Bank Call update

Book Some profit at 546 

INTRADAY CALL

BUY ICICI BANK @  251.30 TARGET 255.4 STOP AT 247.

BUY AXIS BANK @ 538 TARGET 554 STOP 530

all cash levels

INTRADAY CALL

Buy Bank Nifty at 19340-325  target  19510.  stop 19120  11.35 am

NIFTY VIEW @10.58 AM

NIFTY is moving in a tight range,  major support will be around 8550, till that time we have to wait in the side lines.

Weekly and Monthly support will be around 8400 -8350 levels.

Let see how market behaved today will decided the rest of the series...

Happy Trading

Target Achieved SBI

Target Achieved SBI 251.6

SBI INTRADAY follow up

Reduce the stop @ 256.75    book some profit at 254

Nifty View at 11.30

Nifty not able to manage to pass the 9.20 am high of 8800,  8760 will act as good support,  and now it has to move past above 8780 to make sure 8750 will be broken in the second half...

Bullish view is subdued now,   

exit Hindalco call

Exit Hindalco call at 156.2  

Intraday call - 3

Sell SBI at 255.7  stop 257.25  target 251.6  @ 11.07 am

Bank Baroda call update - SL hit

Stop Hit BOB  closed the trade 

Intraday call 2 - Hindalco

Buy Hindalco at  156.80  stop  154.80  target 162.40

Intraday Call

Buy Bank of Baroda at 170.40 -170.70   stop  168.20  target  174.4.


Happy Trading

NIFTY VIEW @ 9.48 am

Market opened gap up at 8795 and so far the high is 8800.  Support will be around 8750,  another six hours market has to work hard to hold this level...   the long target will be around 8850-8880,

So  I prepared to go long with stop at 8740  target around 8880...  

Five minutes charts shows, Nifty above 8800 will be good for bulls, till that time the market has take some time to consolidate around this points 8780 -8790 levels....

Happy trading

NIFTY VIEW ON EXPIRY DAY

EXPIRY DAY :

8700  CE -  64  AND 8700 PE - 9   ,  SO  8764  AND 8691 will be the range for tomorrow,

If market opens gap up above 8764 (spot) which is unlikely as of now, if it happens, then we will go long with out any doubt and look for the target around 8840.....

If market opens gap down below 8691, then it is short call,  we have to short the market with stop loss around 8767....    and  target will be around 8640...

If market opens flat and there is  no direction in the first 5 minutes, let us take rest and wait for the upper range or lower range to take decision...

Nifty and Market View.

Market bounced today, that does not seems market has placed the bottom around 8700,  let the market confirm, we don't want to be hurry to take long position aggressively.

Better to trade intraday whether long or short for few days, let the market gives us direction to trend, till such time better to stick to intraday and close at the end of the day...

Intraday call Bankindia and Powergrid

Bank India book profit at 120.80 the target 121.90 seems stretched at this point,  powergrid existed at cost, no movement past one hour, so existed.

Positional Trading Call

There is a good opportunity in L&T to look for positional Trade  CMP is  1460 (cash)  with stop at 1400  target will be around 1550 -1570  the time span will be next series...

Watch this...  We will see the progress in the coming days...  we will follow the same and update

NIFTY VIEW AND TRADING CALL IN STOCK

Nifty surpassed the intraday resistance and I have come out of short trade with 10 point loss,  Now I have to look for individual scrip to go long .

Powergrid bought at 178.50  with stop at 176  tgt  180.7  intraday . Bank india at  119.7 with stop at  116 tgt  121.9

Let see.

NIFTY

NIFTY still trading at the resistance point 8720 range,  the market is not able to bypass the selling pressure

Let see the market behavior at 1.00 pm 

NIFTY TRADING VIEW INTRADAY 10.50 AM

Now NIFTY is trading at 8710 spot,  the resistance is now at 8718-8720, it has to break the resistance to stop the selling pressure otherwise, the nifty will slide downwards,  

Now I prepare to take short at 8710 (10.51) am with stop at 8721 in spot  with  a target around 8660-8640 .

Let see