stock view!!

IGL
Price made a low of 192.5
Support can be seen at current price level.
If stock sustain this level then there can be a change in trend.

Tata motors
Stock was down today 4%, Made a low of 230.
Change in trend of MACD and ROC is seen on hourly charts.
stock can take a reverse from level of 220-230.

M&M
Trend in the stock seems to be sideways.
If stock sustain above 645 in coming days that there can be a positive movement in the stock.

Spice Jet
The stock made a gap down opening today.
The result was very negative and loss was 4 fold.
the stock future growth seems good and one can enter at current price levels with a stop loss of 26.

Nifty Analysis!!!!

Market closed at 4924 down 0.54%
There is change in MACD and ROC indicating positive movement.
Resistance for the nifty is around 4960 and 5020.
Tomorrow sideways to positive movement can be seen in the market.

stock view!!!

Sterlite
Stock will contiune to slide down tomorrow as well.
There is no support seen at 95.
price of 93 can be seen tomorrow.

JSW steel
Stock today sustained the level of 618.
MACD is showing chances of positive trend if stock sustain in opening hours.
current level is very situational on the basis of tomorrow opening

IGL
Stock failed to move up.
broke a support of 203, the stock is likely to move towards 192.

Tata motors
Stock tumbled today around 12%.
If stock take support at 240 then some upside can be seen in this stock.
failing that the stock will go down to 221 level.

Nifty analysis!!

Today there was gap up opening in the nifty.
It opened down at 4960 and made a high of 4982.
Negative global cues from EURO and USA are putting pressure on market.
Market seems to be negative.
support at be seen around level of 4920.

Gold Elliott Wave Analysis!

This my try on Elliott wave theory, the chart is of Gold(USD).
The High of 1900 is end of wave 5.
Then the price moved to 1525(subwave a) to 1800(subwave b) to 1525 again(subwave c). completing the whole 'W' wave.
Wave X moved till 1780 and then the finally corrective wave Y started.
Wave Y seems to divide into five wave pattern.
Subwave i(Leading triangle) = 1625.
subwave ii(Triangle)  = 1675.
subwave iii(5 wave pattern) = 1520
subwave iv(Running zigzag) = 1585
now this wave iv can also form a triangle here.
So either the price move in a sideway direction or there can be a down fall in the price around till 1450$.


Please Note:-This is just for educational purpose. I will not be responsible for any decision taken on this behalf.

Stock view!!!

JSW steel
The stock seems to today moved up 2.17%
Not expecting any sustainable uptrend in the stock as of now.
The stock if sustain tomorrow above 618-20 then in coming days level of 650 can be seen.

Spice jet
The stock seems to be positive as specified in the separate post on spice jet.
No divergence is be seen in the stock which indicate change in trend.

IGL
the stock closed on a negative side .68% down.
If the stock sustain the level of the 206 tomorrow then there can be upside seen in the stock.

Sterlite
Stock made a high of 99.45 and failed to break the level of hundred.
The downside support is seen at 94-95 and there can downside in coming days in the stock.

ICICI Bank
The stock reach 843 today as i was expecting the price level of 840.
Now the trend seems to be changing on hourly chart and the price of 820 seems to be support.

Nifty Analysis!!!

The market made a sideways movement closing on flat today!!!
Little bit of correction can be seen in the market with support at 4950
ROC is showing a change in trend whereas MACD is yet showing a positive trend(On daily basis).
Market will be very volatile in coming days before it reaches 5080.

Stock view!!!

IGL
The stock is moving around the 200 level and the recent news of increase in diesel and LPG will have
a positive movement on the stock.
One can enter in this stock with a stop loss of 202-203!!!!

Sterlite
If the stock break the upper trend line of 100.. there can be positive movement for few days!
Price level of 110-115 can be seen in few days!!

JSW steel
the stock can be under pressure tomorrow!!!
MACD and ROC is crossing downside which indicate negative movement.
The stock is likely to move sideways for tomorrow!!

ICICI Bank
The stock moved positive and made a high of 836.50!!
ROC is showing a divergence in the movement which indicate the stock may be under pressure for tomorrow!!

Castrol
This stock is yet in a negative trend and it seems like the downside is  likely to follow in coming days!!!

NIfty Analysis!!!!

Nifty today 65 points up..!
The trend was seen positive on daily charts and nifty moved up today.
The trend will be sustained if nifty stays above 4950.
Next target will be around 5080 in coming days or i can say we can see the movement in this week!!!

stock view!!!

JP Associate
The stock is fighting hard to sustain above 60 for past 10-12 days  and is trading between 59.50 to 64!!!
The stock yet showing a support and closing below 59 can make a trend negative!!!

JSW steel
If the stock closes above 610 tomorrow then upside can be seen in the stock!!!
Stock can reach till 650 if it sustain the level of 610 in coming days!!

ICICI bank
Price level of 840 is the likely target for the stock.
the trend of last trading seems to be sustainable and stock will move positive!!!

Hindalco!!
The stock is moving upside for the last 3 days with good volume.
Upside can be seen in coming days till 117-18!!!!

Nifty

Nifty is trading between 4950 and 4790 for past 3 weeks!!!
breakout out towards any side will continue the trend.
Nifty is sustaining after taking support at 4850... for past 4-5 days!
MACD and ROC is giving positive signal on daily basis and there can be upside seen in this week!!
Price level of 5080 can be seen in this week if upside trend is sustained!!!

Positive on SpiceJet!

Spice Jet
Technically
The company currently is trading at 31.40
A expanded triangle formation can be seen in the chart.
Where the chart have completed the 4 wave divided into 3 subwave.
It seems like the stock will continue to move up from this level and on can see a target of 37-45 in 3-6 months of time frame.
MACD and ROC are in the positive side of the movement, which indicate the positive movement in price!

Fundamentals
Moreover there is many positive news as well for this company for future growth.
it has got government approval to fly to six new destinations(internationally).
This will increase the international revenue!
Direct import of ATF fuel will reduce cost for the company.
the market share of the company have increased from 13 to 17%.
FDI approval form goverment will help the company to boost the growth.
The debt of the company is low as compared to peers this can help to get borrowing in future
if needed!!!

stock view!

ICICI Bank
The stock is facing resistance at 820.
If it sustain above 820 with good volume then the price level of 845 can be seen in tomorrow
or in coming days.

JSW steel
the stock made a low of 566 today and bounced backed closing at 595!!
Change in the trend will be seen once it close above 605!!!!
tomorrow resistance can be seen at 600-605!!
tomorrow closing price will give much clear picture!!

M&M
today breakout is in the stock from the rangebound movement.
The stock can move till 680.
change in trend can be seen below 650-640!!!

Nifty analysis!!!!!

Market today gained 85 points after positive euro market and GDP data of Germany.
Reverse from 4830 was seen today.
Market seems to continue the upside trend of the market after facing a resistance at 4950.
if nifty closes above 4950 tomorrow then good movement can be seen in coming days.
Tomorrow sideways movement can be seen in starting hours facing resistance at 4950 and then
positive trend can continue if support by global market!!!

view on stocks!!!

PFocus
stock today closed positive today.
Fall in the price can be seen once at the stock on hourly basis is yet giving a negative signal.
Change in trend can be seen once the stock closed above 44.50 on daily basis.

JPAssociate
The stock can see a positive movement tomorrow.
support yet exist at 58-60... upside target is 63!!

M&M
positive movement was seen in the stock after making a low of 643!!!
stock is facing resistance at 8 day MA!!!
stock can reach the price of 680 if current level is sustained!!!

castrol
on daily chart stock is in a negative side!!!
Resistance at current price level can change the trend
else more downside can be seen in the stock!!!

Nifty Analysis

Market today opened at 4843 and 4800-4850.
Closing was at 4835.. whereas support yesterday was given at 4840.
Market today was sideways which should good support at current levels,
Depreciating rupee, uncertainty in EU is hampering the market sentiments.
MACD and ROC are giving positive signal!!!
Tomorrow mix movement can be seen with positive movements.
downside movement till 4800 and upside movement till 4850-90 can be seen.

View on MCX Gold

GOLD
divergence in gold chart is seen where the ROC and MACD at moving down whereas the price is at the same level.
Will be expecting at fall till 28500 before any upside move in coming days.
expected price target are given at horizontal lines.
Overall negative on gold.

Stock view!!!

Prime focus
Stock was negative for today after opening at a higher price.
Currently the hourly chart is giving a negative signal and daily chart is giving a positive signal.
tomorrow the price can open at  a range of 42-43 after taking a support the trend can change if sustained this level.
Upside can be seen in the stock in coming days.

JSW steel
the stock is moving between 585-625 for past 3 days.
the trend in negative a the stock failing sustain this level.
More downside can be seen of it failed to take support at 580 for tomorrow.

M&M
tomorrow stock can move in a positive movement at the price is again at a support of 633.
If this level is sustained then upside can be seen.

Tata Motors
The stock had a gap up opening on 16 may (downside)
The stock is taking support at 259 which is 38.2% Fibonacci level.
Change in trend can be seen and the stock can fill the gap 285 in coming days.

JP associate
The stock is taking support at 60 for past 1 week.
ROC and MACD are giving a positive signal and stock seems to be positive in coming days.
stoploss 58-60!!!!

Nifty analysis!!!!

Market was sideways yesterday and today market opened in a positive note but weak rupee turned the trend down.
market now is at 4860, tomorrow it may touch 4840 and can move positive.
market is now taking support at a trend line on daily basis chart.
ROC have given a positive signal and MACD is changing the trend as well.
if market sustain in coming 2-3 days... then more positive movement can be seen in market.
will be expecting a positive closing for tomorrow.
Moreover positive us data of existing home sales can also give support.

Stock view!!!!

Prime Focus
The stock opened with a gap 2 days before.
Filling of that gap is necessary to maintain a sustainable upside movement.
Stock can come till 43.50 in coming days.

JSW steel.
Wasnt able to understand a movement yesterday as chart was giving both the signal.
Today stock closed today and there can  be negative movement tomorrow as well.
stock can slide till 590 and support can be seen there!!!
Sideways to negative movement for tomorrow.

Aurobindo pharma
Stock make a high of 108.85 and low of 103.5.
The range given yesterday was 104-110.
Positive movement can be seen again tomorrow.
resistance at 110-112.

JP Associate
There stock seem to changing the trend and positive movement can be seen in the stock.
Closing above 64 tomorrow will give boost to upside movement.
positive for short term on this stock tgt 66-70!!!

M&M
stock is in negative mode and there can be more downside!!!
Support of 630 is crucial thereafter next support at 580 can be seen.

Nifty analysis!!

Nifty failed to sustain above 4900 and the started falling from a high of 4922.
The market seems to move in a sideways movement.
Downside support at 4850-4750.
Overall market is yet negative but sideways movement in coming days can change a trend in the
market.
Tomorrow market seems to be downside to sideways movement with support at 4850.

Stocks view!!!

JSW steel
Downside movement is seen as expected today.
Price is taking support at 615-620 for the past 4 days.
If stock sustain at current levels then a change in trend can ne seen.
Opening movement will decide the further trend for tomorrow.

Aurobindo pharma
The stock was seen in the range today (102-108)
The change in trend in seen.
the stock will change trend if close above 113.
range for tomorrow is 104-110.

JP associate
The stock again closed at the level of support (60) today
Once again the stock can move till 63 in coming days if the current level is sustained!!!

ICICI bank
Positive movement can be seen in ICICI bank for tomorrow.
The stock reversed from the level of 820.
Change in MACD and ROC trend is suggest a positive movement for tomorrow.

Sterlite
Change in trend on daily chart is seen with good volume.
If the stock closes tomorrow above today closing price then the trend will continue.
resistance at 103-104.

Nifty analysis!!!!!

Nifty today made a low of 4837.
Negative global market dragged nifty with a gap up opening!!!!
the trend still seems to be negative.
Trend will be positive if it closes above 4950!!!
Tomorrow sideways movement can be seen.
Resistance at 4900 and 4950 can be seen.
Support 0n the basis of trendline is seen on the chart at current level.

stocks view!!!

JSW steel
JSW steel to moved upside and closed at 654.
The price of the stock sustained abv 630 and moved till 657.
Was not expecting the upside movement.
If the stock sustain above 660 then the price can move around 700 in coming days
otherwise downside movement is expected.

JP associate
The price of the stock faced a resistance at 63(62.50)
The trend seems to be negative and price can fall from this level.
upside till 66 and downside till 60 can be expected.
The trend seems to be negative for tomorrow.

Aurobindo pharma.
Support for expected at 100 and the stock bounced from that level and closed at 108
after making a high of 108.
Expected a sideway movement which will help to change the trend for coming days.

Tatamotors
Positive movement can be seen in the stock tomorrow and there can be some upside till 300-310.
The stock is moving down after making a high of 320 after breaking a resistance if 290.
Same level can be seen as a support for now.

Gold
expecting a fall till 1615$!!!!

Nifty Analysis

Market opened at a negative note and made a sustaining up move closing at 4942.
Nifty was facing a resistance at 4950 and failed to close above that.
If tomorrow market opened positive and sustained above 4950 then a change in trend can be seen
with a upside movement till 5050.
However the pattern will be ranged between 4975 to 4925.
Expecting a side ways to upside if sustained abve 4950 or else 4900-4950 range.

Technical View!!!!

JSW steel
Result of JSW steel was showed increase in sales and decrease in profit due to rise in cost of  raw material.
The stock is in a negative trend.
It can go up to 625-28 and can reverse down again from that level.
trend will be changed only if the stock close abv  670 in coming days which seems to be unexpected.

JP Associate
The price bounced to 63 form the level of 60 as divergence was seen,
and turned down again it is yet in a down trend.
Tomrrow price can be seen rise till 62.50 and if that break upside can be seen.
The view till now is negative.

Castrol
THe stock have bounced back from 480 to 522
Resistance can be seen at 530-35.
change in trend in ROC indicated a downside possibilities.
and it seem like the stock and fall from that level,

Aurobindo pharma
The stock have been falling from price of 141 and the trend in yet negative.
Since a trendline support is seen at 100 a side ways movement can be seen in the stock.
If the stock sustained the level of 100 then a change in trend can be seen.
Have a watch in this stock.

ICICI Bank
THis stock generally moves with nifty.
the stock is now trading at 800 and one can see support at this level,
Resistance at 825-830.
Reversal from resistance can be seen again.

Gold (USD)
The metal is in a negative movement and breaking of 1560 can take the price to 1520-25$!!!!

Nifty Analysis
Market closed 4907 after facing resistance at 4950.
Negative Inflation data and cloud of euro zone fear draged market down to low of 4874 leaving the
trend negative.
The chart shows divergence in MACD and ROC.
Any positive news will take the market with a good upside.
tomorrow market can open positive leaving it to flow negative again.
One can see a positive movement any time a indicated by MACD and ROC divergence.
Market will be sideways to down for tomorrow.

Stocks view!!

JP associate
Stock didnt moved up today but change of moving up is yet seen on a chart
MACD and ROC are giving positive signal.
Stoploss can be around 60 or 59.50

JSW steel
Positive was seen today and stock made a high of 685(8 days MA).
Failing to sustain the price again fall in the range of yesterday trend.
Tomorrow as well positive movement can be seen.
breaking of 685 can be seen.

Reliance
It can be a good intraday pick tomorrow as stock was able to sustain above yesterday close.
SL of 685 and betting for the positive side can be a good trade.

Sterlite
Was expecting a downtrend to be continued a the stock closed negative today.
After making a low of 94 the stock closed at 95.
If volume is seen in early trade then price may move up to 95-96 tomorrow.

Hindalco
failed touch 122 and trend changed from there.
it closed at 117.40, change the intraday trend to negative.
side movement or negative movement can be seen in stock tomorrow.

Nifty ANalysis!!!!

The market today moved as expected.
It opened on a high note and again slide down to all the way to close negative.
The level of 4950 was seen and supported.
Divergence is seen in MACD and ROC as the price is making a downside slop.
Expecting a positive movement tomorrow.
Resistance can be seen at 5000 level and closing above that will confirm a short term positive trend.

Technical Analysis

JSW Steel
Today stock opened below 690 and failed to sustain above 690.
The stock fall 4.19% and closed at 661.
Positive trend can be seen tomorrow as ROC is giving a signal of change in trend.
Closing above 680 can change the trend to positive.

JP Associate
The stock closed today 5.15% down and the price was expected to go down.
Divergence has been seen against the fall price in MACD and ROC.
Some positive movement can be seen in the stock tomorrow.

Reliance
The stock tumbled to 695 making a low of 670 in previous day.
Positive movement can be seen if it closed above 700. CMP 695.
The price can see a level of 725 in this week only.

Hindalco
Today stock closed above 119 as i told in ma previous views that the positive movement can be seen above 119.
Positive movement with good volume is been in the stock on past 3 days.
the resistance is seen at 122 and once it closed above it... upward trend will continue.
chance of positive movement is more as MACD and ROC both have given a positive signal.

Sterlite
Negative movement seems to continue in the stock as it failed to sustain the level of 98.
92-93 level can be seen.

Nifty Analysis!!!

The fall today was expected and closed down at 4974.
Market today bounced back from the low of 4956 taking support at 4950.
Tomorrow support again can be seen at 4950 and wont be expecting a closing beyond that.
Roc is giving the sign of change in trend.
MACD is yet showing a downside sign.
One can expected a closing above 4950 or flat closing tomorrow.
Expecting sideways movement

Stock view!!!

JSW steel
Jsw steel made a low of 650 and bounced back 62 pts.
Today it closed at 690 the today and yesterday was good as compared to previous days.
Current support at 688 (stoploss) and trend seems to be positive.
after 688... 650 will be again the support line.

KRBL
This stock was moving between 20 and 18 for few days
after breaking 19.50 the stock made a low of 18 at the support of the trend line.
sideways movement is expected in the stock between the price of 20-18!!!

JP Associate
The stock did touched the levels of 67-68 as expected.
after the govt slapped the fine on the company the stock tumbled more and broke the support of 66...
More down side can be seen.

Castrol
price bounced back from the levels of 485... (i assumed 490)
the price today made a low of 505  at the 55 avg days
positive movement is possible with a stoploss of 502!!!

Sterlite
the  price of the stock is yet in a down trend
the level of 98 seems to be the support where the price retrace 76.8%.
if the stock price move around the price of 98 and sustain to close above 98 in coming days then
on can see the change in trend of this stock.

Nifty Analysis

Nifty failed to sustain 5070 and today it closed at a psychological level of 5000.
Yesterday mkt was positive after a gap up opening at a downside.
today it closed negative with opening at yesterday closing level and closed below the low of yesterday.
Engulfing candlestick pattern is formed indicating a downfall tomorrow as well.
nxt support is at 4950(61.8% retracement) and if that fails 4750 can be seen as a next support level.
MACD and ROC both are indicating downside movement.
expecting bear market ahead!!!

Nifty analysis

The support for the nifty is seens at 5070 where is made on low on friday.... Support is one the basis of trendline on daily basis chart. If that fails to sustain then one can see the levels of 4950.

Didnt uploaded this week

M not able to upload ma view due to some internet problem!