Short term trend in Wipro is Bullish - 23 August 2014

Wipro has fallen from 610 level in February and made a low at 475 in May. From 475 level, it is in a rally. While falling, it made a gap at 590 level in April. The present rally is likely to move towards 590 to 610 in the short term. Investors can buy this stock at 555 level, with a stop at 540, for a target of 590-610 levels by september end.

                                                    click the chart to enlarge it

Nifty is ripe for a correction - 23 August 2014

The present short term rally started on 8, August, 2014 from 7540 levels. At present it made an all time of 7929. Nifty is just below a major resistance at 7955. And it has already broken the trendline in the downside. If Nifty couldn't rally above this level, it is likely to see a correction from this level and in the downside it could test 7750 in coming trading sessions.


                                                       Click the chart to enlarge it

Intraday Trading Calls - 22 August 2014

Date 22/8/14, Time 09.22 - Sell Nity Fut below 7920 Stop 7940. Target 7840.                                         


                     
                       
                       

                     

Intraday Trading Calls - 21 August 2014

Date 21/8/14, Time 09.27 - Sell Nity Fut below 7893 Stop 7915. Target 7840.                                         
                      Time 09.27 - Sell ICICI Bank Fut below 1545 Stop 1550. Target 1520.
                      Time 10.29 - Sell ICICI Bank Fut below 1555 Stop 1560. Target 1520.
                      Time 10.43 - Sell Nity Fut below 7935 Stop 7955. Target 7840.
                      Time 10.46 - Sell ICICI Bank Fut below 1560 Stop 1565. Target 1520.
                     
                       
                       

                     

Positional Trading call - 20 August 2014

The high 7922.70 formed by Nifty spot today could be the short term top. Positional traders can short Nifty futures at current price ( 7890 ) with a stop at 7930. The downside target is 7400 in one or two weeks.


Instead, if Nifty Futures trades above 7930, then it could test 7980 level.


Sell ICICI Bank Futures at 1545 with stop at 1560 for a target of 1480.

Intraday Trading Calls - 14 August 2014

Date 14/8/14, Time 09.20 - Sell Nity Fut below 7760 Stop 7775. Target 7700.
                       Time 09.25 - Buy Nity Fut above 7775 Stop 7760. Target 7790.
                       Time 09.50 - Sell Nity Fut below 7780 Stop 7800. Target 7700.
                       Time 02.20 - Sell Nity Fut below 7800 Stop 7820. Target 7750.
                      
                       
                       

                     

Intraday Trading Calls - 7 August 2014

Date 07/8/14, Time 01.15 - Sell Nity Fut @ 7670 Stop 7695. Target 7600.
                       Time 01.47 - Buy Nity Fut @ 7695 Stop 7670. Target 7720.
                       

                     

Short term Technical view of Nifty-7 August 2014

Short term technical view of Nifty


The level 7800 is crucial for Nifty in the short term. Unless, it sustains above 7800, Nifty is likely to react towards 7200 level initially. Instead, if it could sustain above 7800, then it is likely to rally towards 8000-8200 levels.


Positional Trading call
Trade short below 7800 in Nifty Futures for the target of 7200. Trade long above 7800 for the target of 8000.

Intraday Trading Calls - 5 August 2014

Date 05/8/14, Time 11.00 - Sell Nity Fut @ 7720 Stop 7750. Target 7600.
                       

                     

Intraday Trading Calls - 4 August 2014

Date 04/8/14, Time 09.30 - Sell Nity Fut @ 7660 Stop 7675. Target 7600.
                       Time 12.05 - Buy Nity Fut @ 7685 Stop 7665. Target 7720.

                     

Intraday Trading Calls - 1 August 2014

Date 31/7/14, Time 2.30 - Buy Nity Fut @ 7674 Stop 7665. Target 7710.

                     

Intraday Trading Calls - 31 July 2014

Date 31/7/14, Time 9.27 - Sell Nity Fut @ 7785 Stop 7810. Target 7710.

                     

Intraday Trading Calls - 30 July 2014

Date 30/7/14, Time 9.34 - Buy Nifty Fut @ 7740 Stop 7730. Target 7785. 

                       Time 2.06 - Sell Nity Fut @ 7765 Stop 7785. Target 7720.

Intraday Trading Calls - 25 July 2014

Date 25/7/14, Time 11.13 - Sell Axis Bank @ 1990 Stop 1996. Target 1960. 

                 

Intraday Trading Calls - 24 July 2014

Date 24/7/14, Time 9.36 - Buy Nifty Futures at 7775. Stop 7760. Target 7830.
                      Time 9.36 - Buy SBI @ 2543 Stop 2536. Target 2580. 

                 

Intraday Trading Calls - 23 July 2014

Date 22/7/14, Time 10.24 - Buy Nifty Futures at 7780. Stop 7765. Target 7830. Loss 15 Points
                      Time 10.24 - Buy SBI @ 2557 Stop 2550. Target 2580. Loss 7 Rs
                      Time 11.32 - Buy SBI @ 2545 Stop 2540. Target 2580. Loss 5 Rs
                      Time 01.48 - Buy SBI @ 2520 Stop 2515. Target 2580. Profit 20 Rs 
                      Time 01.48 - Buy Nifty Futures at 7750. Stop 7740. Target 7830. Profit 45 Points
                 

Intraday Trading Calls - 22 July 2014

Date 22/7/14, Time 9.35 - Sell Nifty Futures at 7710. Stop 7730. Target 7650.
                      Time 11.06 - Buy Reliance Fut @ 1024 Stop 1020. Target 1045.               

Intraday Trading Calls - 21 July 2014

Date 21/7/14, Time 10.13 - Sell Nifty Futures at 7710. Stop 7735. Target 7650.

Intraday Trading Calls - 18 July 2014

Date 18/7/14, Time 9.44 - Buy Nifty Futures at 7605. Stop 7580. Target 7680.

Intraday Trading Calls - 16 July 2014

Date 16/7/14, Time 1.16 - Sell Nifty Futures at 7580. Stop 7600. Target 7500.