Market Strategies And Outlook Today

Discussion in 'Trade Journals & Stock Tips' started by priya12, Aug 13, 2015.

  1. S Analytics

    S Analytics Active Member

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    Nifty View


    NIFTY continued trading choppy today. We were anticipating a support around 10750 and that came.


    In last five trading days the index is trading inside a range of just 140 points. This narrow trading suggests a big move is ahead.


    Also last five days of price actions are above 10750. As far as prices are trading above this level, every dip is a buying opportunity.


    A move below 10750 will signal a consolidation – avoid buying for swing traders and a short selling for intraday traders.
     
  2. S Analytics

    S Analytics Active Member

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    BANK NIFTY



    A large trading range inside 26000 – 27000 in Bank Nifty is still intact. Inside this range prices are trading very choppy and narrow from last ten trading days.


    This range is also narrowing as prices have locked inside a range of just 483 points in last eight trading days.


    This narrow trading suggests a big and sharp move should come.


    A close above 26800 is a buying opportunity whereas a close below 26250 is a shorting opportunity.
     
  3. S Analytics

    S Analytics Active Member

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    8 simple rules of successful investing:

    · Get started early.

    · Invest consistently.

    · Think long-term.

    · Diversify.

    · Never borrow to invest

    · Invest in what you believe in.

    · Ignore the short-term fluctuations

    · Keep an eye on fees & taxes.
     
  4. S Analytics

    S Analytics Active Member

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    Nifty View


    India continues to stand out as an out performer among all the emerging economies. World interest continues to focus on India.


    Investors should not get puzzled by the daily reports of FIIs selling in Index futures. This is hot money, which comes and goes.


    Far more important is the resounding vote of confidence which world business is giving to India.


    Investors should understand that dips are buying opportunities. Short term volatility should be ignored by investors who must focus on the big picture - India is in a long term bull market!
     
  5. S Analytics

    S Analytics Active Member

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    BANK NIFTY

    BANK NIFTY is trading inside a narrow range 26250 – 26800 from last sixteen trading days. We should wait for a breakout from this range and then trade accordingly.


    As of now PVT BANKs are trading very narrow and range bound. A breakout in the index may also help PVT BANK STOCKs to rise.


    Traders should look for buying opportunity in the index as well as Banking stocks both if index move above 26800.


    Short selling should be done in the index only if prices break below 26250. Avoid trading inside 26250 – 26800 ranges.
     
  6. gowiththeflow

    gowiththeflow Senior Investor

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    Interesting times ahead with trade wars breaking out all over the place and stock markets caught in the cross fire. What to do?

    Personally I dont think we will see markets fall back enough to sell now and buy back lower down (but I could be wrong) so in general I would sit tight. Where you have significant gains on individual stocks which have done well recently, maybe bank some profits as market risk continues to grow. Strong stocks which often get overbought in the short term do tend to ping back when markets are struggling.
     
  7. S Analytics

    S Analytics Active Member

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    Nifty View


    A trading range inside 10650 – 10850 remained intact so far. Big trade should come beyond this range only.

    Today's gap up brought index to its resistance level. We are now at the point of breakout

    Please remember, trading the breakout is highly risky trade but it also gives high return.

    Buy above 10850 with a tight stop loss at 10800.
     
  8. S Analytics

    S Analytics Active Member

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    BANK NIFTY


    A trading range inside 26200 – 26700 has seen a breakout yesterday.


    We have been advising our readers to wait patiently for a breakout. Now we should look for buying only.


    There is a buying opportunity with stop just below 26600 and target near 27200.


    PVT BANKs are ideal for buying. Avoid PSU BANKs.
     

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