Weekly wrap: Trading strategies

Weekly wrap

Nifty view for the week

Short term uptrend is now threatened as 5240 is breached on the chart. However 5190 is a silver lining for the bulls

Nifty needs to cross 5320 to resume its uptrend, in the absence of which it can come down

to 5165 once it trades below 5190.

Sector Trend Reader

After 5 weeks sustainable uptrend, BSE Sensex took a halt in last week and after forming high of 17,630 reacted up to 17,181 level. The downward price gap on daily chart in the range between 17,342 & 17,467 may provide strong resistance to Sensex if any intraday bounce back is observed. On the downside, 17,100 – 17,000 will act as strong support where 200 – DMA is also located.

Last week all the sector indices closed negative with BSE IT as major loser. Nosector specific outlook in the current week.

Debt Market weekly

10 Year Yield likely to move in the range of 8.05% to 8.15% levels.

Commodity Pick of the week:Copper

Strategy: Buy above 427.20 with stop loss below 423.50 Target 432, 434.

Copper_Commodities_POW_160712.pdf
Weekly_Technical_View_160712.pdf
Debt_Market_Report_140712.pdf
Sector_Trend_Reader_160712.pdf

18th July : Morning Coffee with GEPL CAPITAL

Morning_Coffee_18_July_2012.pdf

12th July : Morning Coffee with GEPL CAPITAL

Morning_Coffee_12_July_2012.pdf

11h July: Morning Coffee with GEPL Capital

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A quick peek into your Morning Cuppa… Click here to download Morning Coffee Report · Key Market Happenings / News· Debt Market snapshot · Technical View of Nifty · Trading Call to help you make more money · Future & Options – how they fared yesterday · Hot Commodities and some tips to make quick bucks Is that what you like to have in your morning? Click here to give feedback

Morning_Coffee_11_July_2012.pdf

Top Trading Picks: Infosys ,Ranbaxy

Infosys has been steadily inching higher in a corrective uptrend after a gap down movement in mid April 2012. The recent upmove has now sufficiently retraced the previous fall and the stock trades near the resistance of the Gap created in April. Additionally the stock continues to languish below it’s 200 Day EMA and appears ripe for another round of quick decline which may take it down to the earlier swing low of 2198 and even lower, We recommend a short sell on the stock at present levels and on any advance till 2500 with a stop loss of 2570 on closing basis for a downside target of 2200 in next couple of weeks.

Ranbaxy appears to be forming a bearish reversal pattern – Head and Shoulder on the daily chart. Though, the formation of the right shoulder however is not yet complete, the stock has made a lower low recently when it reacted sharply after forming a high of 514. Additionally the momentum oscillators are also pointing towards lower prices in coming few weeks. We recommend a sell on the stock at present level and on a subtle bounce back till 495 with a stop loss of 510 for a potential downside till 447 and possibly even lower over the course of coming few weeks.

trading_ideas_090712

Weekly wrap: Trading strategies

Weekly wrap

Nifty view for the week

Till the time 5240 is intact the on going upmove may take Nifty higher till 5400 to 5440 range.We recommend a hold for existing long positions with a revised stop loss of 5240.

A significant breach of 5240 however, would be the early indication of weakness which may take it down till 5150 and lower.

Sector in Focus: Bank Nifty Futures

The upward rally in BSE Sensex continued slowly and steadily in the first week of July. Now BSE Sensex is standing on a strong footing of uptrend which was seen in the entire month of June 2012. Now, the zone of 17,200 to 17,000 is expected to provide strong support in the current month which may provide perfect buying opportunity for the investors. Immediate Target for Sensex is at 18,000 and trend reversal is placed at 16,800 levels.

Along with Sensex, BSE Bankex is showing positive structure on weekly as well as monthly chart. Good buying prospects are visible in Bank Nifty Futures and as well as banking sector stocks like Federal Bank, HDFC Bank and Yes Bank in which we recommend buying in downward correction.

Debt Market weekly

10 Year Yield likely to move in the range of 8.05% to 8.16% levels.

Debt_Market_Report_090712.pdf
Sector_in_Focus_090712.pdf
Weekly_Technical_View_090712.pdf

10th July : Morning Coffee with GEPL CAPITAL

Morning_Coffee_10_July_2012.pdf

9th July : Morning Coffee with GEPL CAPITAL

Morning_Coffee_9_July_2012.pdf

6th July: Morning Coffee with GEPL Capital

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A quick peek into your Morning Cuppa… Click here to download Morning Coffee Report · Key Market Happenings / News· Debt Market snapshot · Technical View of Nifty · Trading Call to help you make more money · Future & Options – how they fared yesterday · Hot Commodities and some tips to make quick bucks Is that what you like to have in your morning? Click here to give feedback

Morning_Coffee_6_July_2012.pdf

05th July : Two mins Nifty wrap up for the day

We maintain a positional target of 5440.

Nifty remained choppy for the initial half of the session and we witnessed a spurt in the second half. It finally concluded with a gain of 24 points at 5327. Amongst the sectoral indices the BSE FMCG and Bankex indices were the outperformers whereas BSE Realty index lost the most.

We had indicated the level of 5440 as the positional target for Nifty and continue to maintain the same. However in the immediate term it has resistance placed at 5340 and it may correct marginally from that level. On the down side it now has support placed at 5250 and below that 5200 is an important immediate term support. The level of 5090 has now emerged as a very strong positional support for Nifty. Till the time it trades above 5090 the uptrend would remain intact and it may test the level of 5440. Only a breach of 5090 would negate the uptrend.