Nifty & USD/INR are at the important juncture

Nifty & USD/INR are at the important juncture

Time will tell us the whether it will continue the current trend with stronger grip or whether it will take  reversal at this juncture

Below is the study which will tell us probability of reversal.

Nifty Hourly Chart -

Nifty Daily Chart -

USD / INR Daily Chart -

SBI - Analysis

Daily Chart

Hourly Chart

View on Aurobindo Pharma

Weekly Chart - 

Daily Chart -

Hourly Chart -

Sell - Crompton Greaves

Sell Crompton Greaves near or below 93 with SL 94 for the Target - 91.50 / 90.50

1st Target Achieved on Coal India Future - Bingo

On 4 - Oct, We anticipated Coal India Future for Short as per below -

"Sell Coal India Future @ nearby 307 with SL 315 for Target - 297 & then 287"

Today 8 - Oct, Coal India future price made a low of 296.10 and achieved the 1st Target given.
Total Profit - 10 Points * 1000 = Rs. 10,000/- on the 4th trading days.

We can see more weakness on the stock and price will slip more on downwards direction. So Suggest to adopt trail Stop Loss if anyone carried the position further.

LUPIN Update: - Anticipated & Happened

All Targets has been Achieved after Buy given on LUPIN in a 3 trading sessions.
Please find the details below-

Anticipated on 3 Oct 2013 - 

Current Price - 852.350
Buy Lupin nearby 852 for SL 845, 832(aggressive) for the target 870, 890 and further more..
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Happened on 7 Oct 2013 -

LUPIN made a high 898.50 and close 896.
Buy given at 852. Achieved  total 46 Points. Total Gain of 46 * 500 = 23000/- in a 3 trading days.

Good Luck.
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PFC - Short Call

PFC Spot Price - 134.20

Sell PFC nearby @134 with SL 138, for the target 129, 124 & 119.

Coal India Future - Short Call

Coal India Future - current price 305.750

Sell Coal India Future @ nearby 307 with SL 315 for Target - 297 & then 287.

Lupin - Buy Call

Current Price - 852.350

Buy Lupin nearby 852 for SL 845, 832(aggressive) for the target 870, 890 and further more..

Happy trading!!! powered by www.wavesmantra.blogspot.in

Update on Zeel Tele Short

Hindalco - Path Ahead

Hindalco - Path ahead
Daily Chart -

* Since Feb 2012, Hindalco stock price is running in the falling wedge which is bullish sign.
* Per Elliott wave theory, this falling wedge counted as complex corrective pattern WXYXZ.
* Last leg of the corrective pattern looks to be completed on 7 Aug 2013
* On the same day, RSI was given + positive divergence seen Daily & weekly chart.
* Price rallied from a low 8,3 after breaking important resistance made high 119.70 on 19 Sep 2013.
* Price closed above the top resistance line XX  and I feel this was again sign of trend reversal and 1 leg of the next major trend.
* But, This upmove seen with negative divergence with Volume so price should consolidate here for few days before start of the new leg.
* Important to watch here that price should sustain here and break above the 120 & then 137 with high volume to take fresh position in the bullish trend as per individuals RISK appetite. This is valid until the price will not break below 96.
* Alternative scenario was that there could be 1 leg is still pending on downside considering corrective nature of the complex pattern. But this alternate, less probable scenario and this will not valid after decisive breakout above 134.

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