Wednesday, May 28, 2014

Nifty is pausing critically at the mid-channel support.


18 comments:

Pattern Trading said...

Good evening master and all blogmates...

Tech M and HCLTECH update : Click here

GIRI said...

Sir,
Can we short below weekly high ema (7280)?

Prabhanshu Raman said...

PT,
Just have a look at this one for hcl tech: click here

Raghavendra said...

Thanks a lot Sam - Your notes give me confidence - Caught SCI quite early around 35 to 40 levels from an investment perspective.

Have a look at Supreme Petrochemicals, Monnet Ispat and Future Retail limited - I see big breakouts in all 3 of them. Personally invested in 2 of these stocks.

Pattern Trading said...

@prabhanshu Bhai :) are you using log or linear scale...

I have update weekly price channel for HCL please have a look .. My chart setup looks like this : Click here

Pattern Trading said...

@raghavendra Bhai Monnet Ispat is awesome pic .. weekly chart shows that it is in wave 3, 166 seems to be resistance above that it can shoot upto 250 is my understanding

Prabhanshu Raman said...

PT.. log in daily tf.

Pattern Trading said...

Prabahnshu .. updated daily chart .. check out pink price channel...

GANESH said...

@ Raghavendra , Sir , Charts look awesome... medium to long term tgts please....

Raghavendra said...

@ganesh,
I expect at least 100% appreciation in all 3 stocks over next 3 years. In a bull market trailing profits is the best strategy.

POWERTRADE said...

7220 - 7180 - 7060 on radar now

anand said...

End of Day :
28-May-2014
Good evening !
What a narrow range day ... holding the 7300 low before expiry - Writers playing the game!
FIIs and DIIs net sellers in cash but huge buyers in Nifty Futures.
Tomorrow expiry and week effect to show the impact ?
The kind of fight we have seen at 7320-7330, this will be trend deciding and a major support if not broken in near future ?
Moving above 7345-55 => expiry may end near 7400 where CE writers have piled in? Before another Furious Friday....(Hope I don't miss this one ;-)

Closing above HrJNSAR and attempts to close above 7336 in last 2 hours, shows bullishness.
Only once we saw the dip - for gap filling and later on 7320 was held tenaciously by bulls?
Shall we see the stampede tomorrow or mauling by the brownies?

All the best..!
Good Night !! See you all in the morning....

anmpatel said...

@Sanjay jaiswalji
what should we implement by your comments like..."the average price per contract comes to around 7384.17"....FII's holding long/their buy avg is above the closing price, so they are holding the losing contract? many times when FII's sold and their avg price below the closing price so they holding short in loss? kindly teach this technical point when get some time from your busy days..
thanks in advance brother.

anmpatel said...

Friends,
not getting much time to update HA...but on this critical period...after 23rd May HA open, low was same at 7270...there after HA is making indicisive/consolidation channels...so it is the imp no.

see the chart here,

http://prntscr.com/3nf5qd

anmpatel said...

Ups forgot to tell tomorrows HA open level

7332.5

strength above this. resistance will be around 7373-7381..

good night all.

GANESH said...

@ Raghavendra , Thanks Sir .. Trailing is 10 EMA /JNSAR ? or something else ?

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