DIVI'S LAB: Right time to enter????

Divi's lab has been an outperformer for some time.

Recently it scaled a high of 1200+ and then retraced back to 1020-50 levels, now it is off these lows

and trading around 1070, Indicators are clearly showing a rebound towards 1150 and then may be 1200 again.

So do not miss the bus and grab it with a stop loss of 1020 on closing basis.

Time frame: 3-4 weeks

Below is the chart:

Trades for 28.09.2012

1. IDFC

Buy at / above: 159.39   Targets: 162.48 - 165.68 - 168.91 - 172.17
Stoploss : 156.25
Sell at / below: 156.25   Targets: 153.21 - 150.13 - 147.08 - 144.07
Stoploss : 159.39

2. ONGC

Buy at / above: 276.39   Targets: 280.42 - 284.62 - 288.85 - 293.11
Stoploss : 272.25
Sell at / below: 272.25   Targets: 268.27 - 264.19 - 260.14 - 256.12
Stoploss : 276.39

3. BHEL

Buy at / above: 252.01   Targets: 255.87 - 259.88 - 263.93 - 268
Stoploss : 248.06
Sell at / below: 248.06   Targets: 244.26 - 240.37 - 236.5 - 232.67
Stoploss : 252.01

4. RELIANCE

Buy at / above: 833.76   Targets: 840.57 - 847.84 - 855.13 - 862.45
Stoploss : 826.56
Sell at / below: 826.56   Targets: 819.8 - 812.65 - 805.54 - 798.46
Stoploss : 833.76

5. DLF

Buy at / above: 240.25   Targets: 244.01 - 247.93 - 251.88 - 255.87
Stoploss : 236.39
Sell at / below: 236.39   Targets: 232.67 - 228.88 - 225.11 - 221.37
Stoploss : 240.25

6. PFC

Buy at / above: 192.51   Targets: 195.9 - 199.41 - 202.96 - 206.53
Stoploss : 189.06
Sell at / below: 189.06   Targets: 185.73 - 182.34 - 178.98 - 175.65
Stoploss : 192.51

7. HDFC

Buy at / above: 763.14   Targets: 769.67 - 776.62 - 783.6 - 790.62
Stoploss : 756.25
Sell at / below: 756.25   Targets: 749.76 - 742.93 - 736.13 - 729.36
Stoploss : 763.14
8. DISHTV

Buy at / above: 83.26   Targets: 85.51 - 87.84 - 90.2 - 92.59
Stoploss : 81
Sell at / below: 81   Targets: 78.8 - 76.6 - 74.42 - 72.28
Stoploss : 83.26

Nifty analysis for 28.09.2012

On 27.09.2012, Nifty future's

• P. Close
  5,669.85
• Open
  5,700.00
• High
  5,700.00
• Low
  5,644.00
• Close
  5652.95

Today Nifty future opened at 5700,and that was the highest point of the day also. As i repeatedly said that 5700 is now a stiff resistance and today was the fourth day nifty was trading below 5700, and if one doesn't cross crucial resistance, selling pressure is obvious to come. This was seen today with Nifty testing support area of 5642( told in last post as support) and made a low of 5644 just above that. Earlier during day's start it bounced towards 5700 but fell back after facing resistance around this level.

Now September future chapter is closed and lets shift to October future.

Now today Nifty fut October closed at 5690 quoting a whopping premium of around 40 points.

Now What Next 

Now keep an eye on 5702 above which we will see 5720-5735 and  above 5739 if sustains for 10-15 mins will fire towards 5755-5775.

On downside below 5681 if sustains then expect 5665-50-45-30. Below 5620 if sustains for 15 mins then see 5605-5588-5569 and below 5565 expect 5550-5530 in mins only.

If it starts to sustains below 5530 than it may try to fill gap till 5460.

So keep an eye on 5540-20 band.....from here you will get a bounce back or you will see correction up to 5460, let us see what happens ?????

Again

Mantra should be to buy above 5735-55 with sl below 5680 for higher targets of 5790-5850 and may be even 5900 in short to medium term.

OR

One should wait and see how much downside is there for nifty futures and then enter accordingly around 5530-40 or if nifty returns from 5580 levels,as there is good support for nifty future between 5600-5550, then buying strategy should be different

Below is the daily chart:

Now Levels are : 

For very short term :

Support  at: 5681-5665-5645-5625 Resistance at : 5700-5720-5740-5755

 

For medium term : 

Support at: 5625-5585-5550 Resistance at : 5780-5800-35-50

Trades for 27.09.2012

1. TATAMOTORS

Buy at / above: 264.06   Targets: 268 - 272.11 - 276.25 - 280.42
Stoploss : 260.01
Sell at / below: 260.01   Targets: 256.12 - 252.14 - 248.18 - 244.26
Stoploss : 264.06

2. POWERGRID

Buy at / above: 118.26   Targets: 120.93 - 123.7 - 126.49 - 129.32
Stoploss : 115.56
Sell at / below: 115.56   Targets: 112.94 - 110.3 - 107.69 - 105.11
Stoploss : 118.26

3. PFC

Buy at / above: 189.06   Targets: 192.41 - 195.9 - 199.41 - 202.96
Stoploss : 185.64
Sell at / below: 185.64   Targets: 182.34 - 178.98 - 175.65 - 172.35
Stoploss : 189.06

4. IRB

Buy at / above: 159.39   Targets: 162.48 - 165.68 - 168.91 - 172.17
Stoploss : 156.25
Sell at / below: 156.25   Targets: 153.21 - 150.13 - 147.08 - 144.07
Stoploss : 159.39

5. TATASTEEL

Buy at / above: 400   Targets: 404.81 - 409.85 - 414.93 - 420.03
Stoploss : 395.01
Sell at / below: 395.01   Targets: 390.25 - 385.33 - 380.44 - 375.57
Stoploss : 400

6. KTKBANK

Buy at / above: 102.51   Targets: 105 - 107.58 - 110.19 - 112.83
Stoploss : 100
Sell at / below: 100   Targets: 97.56 - 95.11 - 92.68 - 90.29
Stoploss : 102.51

7. ICICIBANK

Buy at / above: 1072.56   Targets: 1080.22 - 1088.45 - 1096.71 - 1105
Stoploss : 1064.39
Sell at / below: 1064.39   Targets: 1056.77 - 1048.66 - 1040.58 - 1032.53
Stoploss : 1072.56

8. AXISBANK

Buy at / above: 1130.64   Targets: 1138.49 - 1146.94 - 1155.42 - 1163.93
Stoploss : 1122.25
Sell at / below: 1122.25   Targets: 1114.44 - 1106.11 - 1097.81 - 1089.54
Stoploss : 1130.64

Nifty analysis for 27.09.2012

On 26.09.2012, Nifty future's

• High
  5,678.25
• Low
  5,643.60
• Close
  5669.85

Today Nifty future opened at 5664, and then tested support at 5650 and then moved towards 5676 level, thereafter it steadily moved downwards till 5643, as i told in yesterday's post that below 5681 if sustains then expect 5662-45 .

Now today is the third day nifty future closed below 5700 and not able to sustain above it. Today it didn't even crossed 5700 which is not a good sign.

At the time of writing this post, Europe is trading with heavy losses of upto 2%, Dow Jones is marginally down.

If all this takes toll on nifty tomorrow than Nifty future may move down to 5640 again and below that expect 5626-5605 in minutes only.

Now What Next 

Now again keep an eye on 5683 above which we will see 5700-5716 and  above 5720 if sustains for 10-15 mins will fire towards 5740-5755.

On downside below 5642 if sustains then expect 5626-05. Below 5600 if sustains for 15 mins then see 5588-5569 and below 5565 expect 5550-5530 in mins only.

If it starts to sustains below 5530 than it may try to fill gap till 5460.

So keep an eye on 5540-20 band.....from here you will get a bounce back or you will see correction up to 5460, let us see what happens ?????

Mantra should be to buy above 5735-55 with sl below 5680 for higher targets of 5790-5850 and may be even 5900 in short to medium term.

OR

One should wait and see how much downside is there for nifty futures and then enter accordingly around 5530-40 or if nifty returns from 5580 levels,as there is good support for nifty future between 5600-5550, then buying strategy should be different

Below is the daily chart:

Now Levels are same : 

For very short term :

Support  at: 5660-5640-5625 Resistance at : 5700-5720-5740-5757

 

For medium term : 

Support at: 5620-5585-5550 Resistance at : 5780-5800-35-50

DLF weekly chart analysis

DLF has recently broken out of trading channel it has held from april this year to september this year.

Now in short term, DLF may head higher for 250 and even more.

Right now DLF is around 236.

I would suggest to buy DLF in the range of 235-30 with closing sl at 218 for targets of 250/261/275.

Time frame 1-2 months.

Below is the weekly chart.

Trades for 26.09.2012

1. REC

Buy at / above: 225   Targets: 228.65 - 232.44 - 236.27 - 240.12
Stoploss : 221.26
Sell at / below: 221.26   Targets: 217.67 - 213.99 - 210.35 - 206.74
Stoploss : 225

2. CROMPTON GREAVES 

Buy at / above: 132.25   Targets: 135.07 - 137.99 - 140.94 - 143.92
Stoploss : 129.39
Sell at / below: 129.39   Targets: 126.62 - 123.82 - 121.06 - 118.32
Stoploss : 132.25

3. JINDAL STEEL

Buy at / above: 425.39   Targets: 430.34 - 435.54 - 440.77 - 446.04
Stoploss : 420.25
Sell at / below: 420.25   Targets: 415.34 - 410.26 - 405.21 - 400.2
Stoploss : 425.39

4. HINDALCO

Buy at / above: 121   Targets: 123.7 - 126.49 - 129.32 - 132.18
Stoploss : 118.26
Sell at / below: 118.26   Targets: 115.62 - 112.94 - 110.3 - 107.69
Stoploss : 121

5. ONGC

Buy at / above: 284.76   Targets: 288.85 - 293.11 - 297.41 - 301.73
Stoploss : 280.56
Sell at / below: 280.56   Targets: 276.52 - 272.38 - 268.27 - 264.19
Stoploss : 284.76

6. NTPC

Buy at / above: 165.76   Targets: 168.91 - 172.17 - 175.47 - 178.8
Stoploss : 162.56
Sell at / below: 162.56   Targets: 159.47 - 156.32 - 153.21 - 150.13
Stoploss : 165.76

7. LIC HOUSING

Buy at / above: 280.56   Targets: 284.62 - 288.85 - 293.11 - 297.41
Stoploss : 276.39
Sell at / below: 276.39   Targets: 272.38 - 268.27 - 264.19 - 260.14
Stoploss : 280.56

8.CIPLA

Buy at / above: 365.76   Targets: 370.37 - 375.2 - 380.05 - 384.94
Stoploss : 361
Sell at / below: 361   Targets: 356.44 - 351.73 - 347.06 - 342.42
Stoploss : 365.76

Nifty analysis for 26.09.2012

On 25.09.2012, Nifty future's

• High
  5,708.85
• Low
  5,661.90
• Close
  5683

Today Nifty future opened at 5689, and trier to stay above 5700 but soon it fell towards 5662, Which was exactly written yesterday that below 5675 will try to kiss 5662-50.It returned from 5662 itself and then again struggled around 5700 mark, which proved to be a strong resistance today.

Now today is the second day nifty future closed below 5700 and not able to sustain above it, which is not a good sign but also not very weak sign because as long as 5620-5600 is held by nifty future, up move is not ruled out, so advice is to buy close to 5640-20 on dips 40-60 points stop loss for higher targets of 5900+ in near term.

Now What Next 

Now again keep an eye on 5702 above which we will see 5716-5735-54 and above 5760 if sustains for 10-15 mins will fire towards 5780-5800.

On downside below 5681 if sustains then expect 5662-45. Below 5640 if sustains for 15 mins then see 5620-06 and below 5600 expect 5585-70-50 in mins only.

Mantra should be to buy above 5735-55 with sl below 5680 for higher targets of 5790-5850 and may be even 5900 in short to medium term.

OR

Buy on dips towards 5650-20 with sl at 5575 for 5700-35-70-5800.

Do not sell right now....no indication of rally fizzling out yet.

So trade the trend. 

Below is the weekly chart:

Yellow trend line shows breakout of a major pattern,which i am relying on for a big up move in nifty. 

Now Levels are same : 

For very short term :

Support  at: 5660-5640-5625 Resistance at : 5700-5720-5740-5757

 

For medium term : 

Support at: 5620-5585-5550 Resistance at : 5780-5800-35-50

LIC housing finance....Smart buy for +20 pts

Below is the chart of LIC

Clear breakout above 280-81....buy right now around 280.5 or above 281 with sl at 275.9 for target of 300 in 1-2 weeks.


OR

buy on dips to 275-70 with sl at 264.9 with above targets.....

Trades for 25.09.2012

1. DLF

Buy at / above: 236.39   Targets: 240.12 - 244.01 - 247.93 - 251.88
Stoploss : 232.56
Sell at / below: 232.56   Targets: 228.88 - 225.11 - 221.37 - 217.67
Stoploss : 236.39

2. LIC HOUSING

Buy at / above: 280.56   Targets: 284.62 - 288.85 - 293.11 - 297.41
Stoploss : 276.39
Sell at / below: 276.39   Targets: 272.38 - 268.27 - 264.19 - 260.14
Stoploss : 280.56

3. RELIANCE CAPITAL

Buy at / above: 410.06   Targets: 414.93 - 420.03 - 425.17 - 430.34
Stoploss : 405.01
Sell at / below: 405.01   Targets: 400.2 - 395.21 - 390.25 - 385.33
Stoploss : 410.06

4. PFC

Buy at / above: 203.06   Targets: 206.53 - 210.14 - 213.78 - 217.45
Stoploss : 199.51
Sell at / below: 199.51   Targets: 196.09 - 192.61 - 189.15 - 185.73
Stoploss : 203.06

5. BALRAMPUR CHINI

Buy at / above: 68.06   Targets: 70.1 - 72.21 - 74.35 - 76.52
Stoploss : 66.01
Sell at / below: 66.01   Targets: 64.03 - 62.04 - 60.09 - 58.16
Stoploss : 68.06

6. HUL

Buy at / above: 523.26   Targets: 528.73 - 534.49 - 540.29 - 546.11
Stoploss : 517.56
Sell at / below: 517.56   Targets: 512.14 - 506.5 - 500.89 - 495.31
Stoploss : 523.26

7. ONGC

Buy at / above: 289   Targets: 293.11 - 297.41 - 301.73 - 306.09
Stoploss : 284.76
Sell at / below: 284.76   Targets: 280.7 - 276.52 - 272.38 - 268.27
Stoploss : 289

Nifty analysis for 25.09.2012

On 24.09.2012,

Nifty future's

• High

  5,728.90

• Low

  5,675.50

• Close

  5681.65

Today Nifty future opened at 5728.9, and that was say's high also.Nifty today remained range bound, neither breaking above 5735-50 on higher side and nor was it able to breach downward support at 5690-84 convincingly, Although it went below 5680 twice but it bounced sharply from these levels and hence range bound trade.

Now all this made me believe that nifty is unlikely to correct much and may head higher towards 5850-6000 in near term.

Now what for tomorrow

Now keep an eye on 5700 above which we will see 5715-5735-50 and above 5760 if sustains for 10-15 mins will fire towards 5775-95.

On downside below 5675 if sustains then expect 5662-50. Below 5640 if sustains for 15 mins then see 5620-06 and below 5600 expect 5585-70-50 in mins only.

Mantra should be to buy above 5735-55 with sl below 5680 for higher targets of 5790-5850 and may be even 5900 in short to medium term.

OR

Buy on dips towards 5650-20 with sl at 5575 for 5700-35-70-5800.

Do not sell right now....no indication of rally fizzling out yet.

So trade the trend. 

 

Below is the daily chart:

Now Levels are: 

For very short term :

Support  at: 5660-40-5600 Resistance at : 5720-40-60-80

 

For medium term : 

Support at: 5620-5570-5550 Resistance at : 5780-5800-35-50