Go Long in Bharti Fut at 793 sl Nifty 4295 or 790 in bharti fut.

Intraday-to-Short Term Calls

Use these calls in conjuntion with Nifty Direction.
Adjust for Spot levels.

Short Axis Bank fut at 714.
Short Adlabs fut at 523.
Short Aptech fut at 245.

I will give Exit Call incase the trade goes in the other direction, hence avoid any sl's. Incase the trade is going in our direction one may keep 50% of the level as a trailing sl in all trades.

Indermediate uptrend likely to continue

Despite a 2% fall in U.S markets & weak cues from Asia., Nifty emerged strong amidst a choppy trading session, closing in with minor gains..(but in positive territory).

Nifty is showing a higher top & higher bottom formation on charts which suggests that the intermediate uptrend still persists.
With the Commodities market cooling off & slowing down of the rapid rate of Inflation , the Equity markets are bound to continue their uptrend ..which analysts are referring to as a Bear market rally.


Some swing trading calls:-
Bank India : Buy in range 285-287 sl 280.5 tgt 299, 308, 315.
Chambal Fert: Buy in range 84.5-85.5 sl 83 tgt 92,96.
Crompton Greaves: Faces resistance at 279-280. Trade acordingly.
ICICI : Buy in range 762-768 sl 750 tgt 798.
LITL: Buy 350 tgt 357, 368. Keep 348 sl.
RIL : Buy in range 2245-2251 sl 2235 tgt 2305,2335.
Moser Baer: Buy abv 106 tgt 114,121 sl 105.

Some stocks to accumulate.

Its advised to accumulate these stocks for decent returns over 15-25 days time frame.

IDFC: Cmp 146.25 Buy it 145-147 levels with sl as 140 for tgt 156,168.

ABB: Cmp 995 Buy it 985-1000 levels with sl 979 for tgt 1048,1078.

ADLABS: Cmp 618 Buy it 600-620 sl 595 for tgt 680.

AMBUJA CEMENTS: Cmp 103 Buy it 98-101 sl 92.95 tgt 110,114.85

IDBI: Cmp 86.74 Buy it 84-87 levels with sl as 80.95 for tgt 95,102.5.

Markets slips below 4900

Markets have given us a disappointed opening yet again today breaking 4900 with hardly any pain.
Its advised to trade in the calls with a strict sl of 4855 on Nifty spot(this is not to be taken as a SL on closing basis).

Trading Calls for 26th--30th May

The next one months' outlook of Nifty will highly depend on this weeks Nifty movements.
I said in my last post that below 5008 Nifty will see tought times & this can be seen with Fridays Terrible close.
The key levels for Nifty this week are 4914,4900 & 4855, below which 4448 seems possible.
On Monday, Nifty is going to open with a Gap down at around 4915-4920 levels.
I advise everyone to go into the below mentioned trades after about 30minutes from opening & 4900 not breaking.
If 4900 does break ,then avoid any entry & wait for next post.

What Swing Trading is all about.

Many of us have heard about Intraday Trading. It involves buying or short selling a highly liquid scrip near intraday supports or resistance and booking profits if they are in 1-1.5% gains.Trades should be squared off intraday with no overnight positions.
Another set of traders,known as scalpers/jobbers, have a short trading period, where they buy or short huge quantity of a particular high liquid scrip and book profits within a couple of ticks.
Both these trading strategies involve high concentration ,close monitoring of stock moves & very high risk apetite(due to heavy volumes).

A better approach to trade is Swing Trading.
Swing trading is the most efficient approach to make money in the stock market..according to me.
Swing trading sits in the middle of the continuum between day trading or scalping and trend following.
Swing traders hold a particular stock for a period of time, generally between a few days and two or three weeks.
It doesnt require close monitoring of stock movements nor heavy volumes to be traded every couple of minutes.
In addition, when compared to day trading, swing trading is a far more efficient trading style, as the cost of doing business is substantially lower due to commissions not being generated on a daily basis. Swing traders also tend to participate in a larger portion of price moves.

Result of Trading calls for 20-23May

Six Swing trading calls were given on Monday for the trading week 20-23 May.
Here are results and some comments on each call.

● In Ifci (Sell 62.5-63.5), I personally asked everyone to exit cost to cost at 62.5on 22May Thursday ,minimal loss here.
● ITC was a star performer this week and fell the most today post disapponting results.
ITC Sell given at 226.5 achieved both targets and made a low of 211.15 i.e more than 7% gains.
● Hindustan Unilever dissapointed & Hit sl, 239>>235= 1.7% loss.
● Hindalco gave decent returns and hit a low of 190.40 . Gains 6.5%.
● TCS remained without huge volumes , but gave low of 915. Gains 6.5%.
Note:TCS can be held on for more profit.The statistics given weekly for weekly profits.
● Rcom was yet another star performer falling to an intraweak low of 570.Thus falling 602>>570 & giving 5.5% gains.

● Net-Net all our Swing trades gave an average of 4% per trade OR 24% cumulative profits.

Note:I recommend to trade in all calls and not to do selective trading.I also advise to keep a trailing sl of 1% in all Swing Trades, whenever you are in profit. On the other hand Sl mentioned are based on closing basis.

General market outlook for 23rd May Friday

Markets are likely to open on a flat to positive note on account of 5022 Nifty level being held & positive Dow closing(+25pts).
Key levels for Nifty to keep in mind are again 5008 & 5022,below which Nifty will face tought times.

Look to get into Nifty fut or Stocks mentioned at around 5008-5022 Nifty Spot levels for likely intraday targets of 5050-5065.

Crude oil fell more than $2 a barrel on signs that a 15% increase in prices this month isn't justified by stockpiles and demand.
The fundamentals justify a price between $80 and $100,'' said Sarah Emerson, managing director of Energy Security Analysis Inc.
Fall in Crude oil price is highly proportional to Cairn India stock price.
Look to get in far out the money Put options for Cairn.

Trading calls for 20-23rd with results

Some Short Term Calls

Gtl Infra seems a good bet at current levels.
Buy it in range 49-52 wid a sl of 47 for tgt 60,64.

Aban is in an uptrend and getting in this stock on declines seems prudent.
Buy Aban in range 3700-3750 sl 3650 for a tgt 4040.

Acc is in bottoming out stage.
Buy Acc in range 670-680 sl 660 tgt 698,720,740.

Balrampur Chini is playing in a narrow range.Buy at lower levels is advised.
Buy Bal.Chini in range 93-95.5 sl 90.5 tgt 104,108.

Markets Continue to be in a Range

Fundamental View on Indian Markets

The Indian Markets have not been able to breakout in either direction since the January crash this year.

Its been moving in correlation with the US markets since couple of months now. The US markets on the other hand has surprised us with upwards move despite Crude Oil prices rising vertically & hitting life time high levels on consistent basis.

If Crude Oil recedes, then global markets will start seeing some relief. Equities have shown a 5-months underperformance. So, there will be more allocation to equities. All eyes are on what is going to happen in oil in the next few days.

The dollar rose approached a two-month high versus a basket of currencies, boosted by a slight rise in risk demand and growing speculation that U.S. interest cuts may be ending.

Inflation rose to near 44-month high of 7.83 per cent for the week ended May 3, against 7.61 per cent in the previous week adding more concerns.

Technical view on Indian Markets

Post the Nifty relief rally from 4600 levels in April to 5300 levels in May, the markets took a breather at beginning of this month & Retraced to 4950 levels.

It again showed a rally & closed at 5157 on the last trading day of the week , amidst a choppy trading session. Thus making higher highs on charts which is always regarded as a positive sign & shows strength.

Important levels to watch out for Nifty in May are 5050,5000 & then 4900 on the downside(below which Nifty can test its January lows) & 5300 on the higher side (above which 5365 seems possible).