Monday, January 9, 2012

Status Check on Scrips & Nifty


TF
Trend indicator
Lead indicator
Candlestick
Conclusion
Daily
Mild sell at -0.12
Given a buy after turning up at 26
Doji and inside day made today. Has closed below 657 which is 100ema.  
Incase makes lower low then we would sell it. Volumes were low today.
Weekly
Sell but lowering histograms
Buy at 19
Closed at 100ema supports which comes in at 658. Possible double bottom on cards
Low risk set up.
Monthly
Sell
Sell
Looks like more downside is likely



NIFTY

TF
Trend indicator
Lead indicator
Candlestick
Conclusion
Daily
Buy but made a lower histogram today
Overbought and gave a sell
Doji made as inside day
Not the position to taken new longs. Wait 
Weekly
Sell but now possible but in the making
Buy after turning up from oversold conditions at 19
Prices are consolidating around 200ema. 4786  is the immediate resistance
Good set up for longs but need to wait
Monthly
Sell
Sell and Oversold reached 16 levels 
Possible bullish harami on monthly charts. Upmove can happen until 4970 
Downside looks limited as long as harami pattern is in the making



TATA MOTORS

TF
Trend indicator
Lead indicator
Candlestick
Conclusion
Daily
Buy but lower histogram
Overbought and has given a sell
206 is proving to be a resistance and seems to be short term high
Wait for longs. Can come down till 193
Weekly
Buy
Buy at 68
After Very big and strong candle. Fast rise setup may lead to extra gains. Now unable to clear last weeks high. Make go sideways to down.  
Need to see if weekly overcomes the overbought conditions on daily. Weekly looks like turning down as well.  
Monthly
Sell but turning up
Buy
208 remains short term resistance.
Wait



INFOSYS

TF
Trend indicator
Lead indicator
Candlestick
Conclusion
Daily
Rolling down at 7.45
Sell
Correcting sideways
Wait for longs  
Weekly
Buy
Buy at 69 but may be rolling down
Higher high and higher low. Not able to clear last weeks high  
Wait for longs
Monthly
Sell but turning up
Buy but turning down
2887 and 2742 are the breakout or breakdown levels, triangle in the making.
Wait


HINDUSTAN UNILVER

TF
Trend indicator
Lead indicator
Candlestick
Conclusion
Daily
Sell but may be turning up with lower histograms
Sell and reaching oversold zone & given a mild buy
Inconclusive & correcting sideways since last 4 days
Wait for a day
Weekly
Buy but rolling down and near a sell
Overbought and sell
Correction going on. Holding on to last weeks low  
Wait for longs  
Monthly
Buy
Sell
Correction after monthly doji
Wait


GVKPIL  

TF
Trend indicator
Lead indicator
Candlestick
Conclusion
Daily
Buy mode  
Overbought
Strong marubozu candle at 13.45. 100ema at 13.89
Wait, can present very good setup for longs
Weekly
Just given buy at 0.48
Turned up in buy mode at 39
Marubozu candles on weekly with higher high and higher low and accompanied with higher volumes
Good for longs
Monthly
Sell but with lower histograms
Buy but at 5.76
Bullish harami on monthly  
Marubozu on monthly strong with big volumes  



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