News Letter 1st August

Nifty (spot) strong  above 5490

Nifty (Spot) weak below 5470

Nifty (spot) support 5450/5420

Nifty (spot) resistance 5520/5555

Nifty has given a bearish breakout having support at 5495 which is already violated. Another close below 5495 may wipe off 150-200 points of Nifty in near future. But at the same time after declining about more than 250 points in last few days, Nifty has entered extremely oversold zones with so many positive divergences and hence may result in technical recovery towards 5580 in next couple of sessions.

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To be used on 1st August

News Letter 29th July

SunTV above 342...may target for 348/358...sl 333

Panasonic above 170...may target for 173/177...sl 167

HSIL above 238...may target 253 within few days. SL 231...For positional traders

Hexaware above 88 ...may target 97 within few days. SL 85...For positional traders

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To be used on 29th July

News Letter 28th July

Nifty (spot) strong above 5560

Nifty (spot) weak below 5540

Nifty (spot) Support  5515/5480

Nifty (spot) Resistance 5585/5625

Nifty terminated its uptrend after the hike in repo and reverse repo rates by RBI and declined to touch an intra day low of 5521 and as per the charts it entered into oversold zone with multiple positive divergences. This may take it for recovery from 5521 to touch 5575-5585 in near term. On the bearish side, Nifty will become more weak if it manages to move below 5490 and fails to bounce above 5550.

Herculas above 355 ..may target 361/366/373...sl 342

Gitanjali above 323...may target 326/330...sl 318

Coalindia above 402...may target for 420 within few days. Keep sl 390...For positional traders

Shanthigear above 46...may target 50 within few days. Keep sl 45....For positional traders

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 To be used on 28th July

News Letter 27th July

Nifty (spot) strong above 5630

Nifty (spot) weak below 5570

Nifty (spot) Support  5530/5470/5380

Nifty (spot) Resistance 5665/5710/5755

Auropharma above 187 ...may target 189/192...sl 184

TataCoffee above 875...may target 885/905....sl 867

UTVsoft above 990 ...may target 1117 within few days. SL 975....Positional call

Ballarpur above 37...may target 40 within few days. SL. 36....Positional call

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To be used on 27th July  

News Letter 26th July

 Orient Bank above 376...may target at 381/390...sl 366

 Navinfluor above 371...may target at 375/380/385...sl 363

Hsil above 224 ...may target at 257 within few days Keep sl 211. Strictly for positional traders

 Rcom above 109 ..may target 126 within few days. Keep sl 103...strictly for positional traders

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To be used on 26th July 

News Letter 25th July

http://mytradingtechnique-mysar.blogspot.com/

Rallis above 161...may target 164/169...sl 157

IndiaBulls above 191...may target 194/198....sl 186

GSPL above 109..may target for 116 within few days. Keep sl 105. Strictly for positional

Praj above 94...may target for 106 within few days. Keep sl 88..Strictly for positional

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To be used on 25th July  

News Letter 22nd July

Nifty (spot) strong above 5555

Nifty (spot) weak below 5535

Nifty (spot) Support  5520/5500

Nifty (spot) Resistance 5570/5600

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To be used on 22nd July

 

MySAR for 21st July

Nifty (spot) strong above 5595

Nifty (spot) weak below 5560

Nifty (spot) Support  5530/5490

Nifty (spot) Resistance 5620/5645

Nifty has given a breakout from a support level of 5575 and if it remains below this level, it may lose another 100-120 points in near future. In the longer time frame, Nifty is said to be locked in the range having support at 5200 and resistance at 5750. Any breakout of these level can give a move of 400-450 points in the days to come. Till such time it is advisable to trade with cautious approach in the short term.

Petronet above 154….may target 156/159….sl 151

Lovable above 439…may target 445/456….sl 434 

Rushil above 151…..may target 161 within few days….keep sl 145.Strictly for positional traders

Subex above 65….may target 71 within few days…keep sl 63. Strictly for positive traders.

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To be used on 21st July