CANARA BANK BREAKDOWN VIEWS

#CANARABANK #BREAKDOWN #TECHNICALS #PSUBANK #HEDGE

Fresh breakdown seen in CANARA BANK, Stock today (23-July-2019) broke trend line support levels. On the downside Support seen at 240 levels now.

Short position can be initiated in CANBK Future @ 260 Levels with Buying CANBK 260 JULY Call Option @ 5.10

(MAX RISK: RS. 10000 Per Lot) 

This is Just For Educational Purpose, Always consult to expect before initiation any position.

NSE PUSBANK INDEX - BREAKDOWN & SHORT TERM VIEW

#PUSBANK hashtag#trading hashtag#sbi hashtag#pnb hashtag#breakdown hashtag#stock hashtag#index hashtag#nse

Fresh breakdown has been seen in NSE PSUBANK INDEX, SBI leading with fresh breakdown below 346, If sustains below 346 Stock may witness further correction.

Coal India Short Term Target Price @ 290

Coal India has seen a Turn around from the Bottoms and we see stock heading towards higher Levels. In the Last Trading session Stock has seen Short covering and delivery Volumes and Trading Volumes had surged with significant increase in price, We See Stock to Head towards 290 Levels from 250-260 levels, We Recommend to Buy Stock With stoploss of 245 for target Price of 290 

Nifty Future Trading Sideways in the June 2017 Series

Nifty Future Trading Sideways in the June 2017 Series, India VXI Volatility Index is towards Lows, We Suggest to Wait  for Clear Signals of Trend, If Nifty Hold Levels @ 9500- 9530 The Up Trend May Resume, Any Break down below 9500 can drag nifty towards lower levels @  9300

Book Profits in REL CAP @ 530 (23% RETURNS)

We Recommended to Buy Reliance Capital @ 430 on 8-July-2016 (See to the Last Post). Book Profits @ 530 Levels As Target Already Achieved. Markets Look Over strached and Profit booking is Expected now. Over All Markets seems to be Healthy, But Correction is pending Hence Expecting Nifty to Correct. 

Reliance Capital Time to Buy Stock upside 20-25%

Reliance Capital Looks Strong on Charts Time to Buy

Reliance Capital Looks Strong on Weekly chart. Stock has managed to close above Resistance levels @ 425- 430, We Expect  More Upside in Coming Days, Hence we Recommend buy on Reliance Capital for Target 500 and Stoploss 400

Pair Trades 23-March-2016

1. LONG HEROMOTOCO AND SHORT TATAMOTORS

2. LONG GRASIM AND SHORT AMBUJACEM

Pair Trade- Neutral Strategy (21-March-2016)

We initiated 3 Trades According to Correlation, Z-Score and Pair Spreads Method For More Details Contact 8889465053

GOLD INTRADAY AND SHORT TERM VIEW (15-Feb-2016)

GOLD INTRADAY BUY OPPORTUNITY (15-FEB-2016)

Below is the Chart of GOLD COMEX, Strong Trend Line Support Lies at 1214$, Today Indian Markets has Opened with Gap Down, And Hence Likely to cover the Gap, Hence we Recommend to Buy GOLD With an Stoploss of 1214$ for the Intraday.

Natural Gas SELL SELL SELL

Natural Gas SELL SELL SELL

Natural Gas Breakdown from the levels of 155 and is Trading @ 150 levels, We have recommended Our Clients to Sell Natural Gas Positionally below 155 and Booked 50% Profits @ 150 Yesterday (23-Oct-2015)

We have Reasons Why We Gave Sell Call. From The Below Attached Charts Its Very Clear that Natural Gas Broke Major Levels of 155 and Hence Its was an Golden opportunity to Sell.

POSITIONAL CALL: SELL BANKNIFTY

We Recommend to Sell Bank Nifty, Seen Bull Run after elections in India, Now we may see some correction in Banking Sector And Hence we Recommend to sell Bank Nifty.

POSITIONAL CALL:

SELL BANK NIFTY @15240-15300

WITH TARGET PRICE @14000- 14200 KEEP SL OF 15700

(14th April 2014) Weekly Stock Pick Update

Click here to See Our Recommendation on 14th-April-2014

On 14th-April-2014 We have Recommended 4 Stock Pick. And Booked Profits in Century Textile and M&M Finance, Also Recommended to hold DR. Reddy and Indusind Bank. Hence Book Awesome Profits in 3 Stock with one Cost Exit: 

Update:

3. 100% Target Achieved in DR. REDDY @ 2650. +Rs  73 Per Share

4. Exit Indusind Bank Near to Cost Price @ 493. (NO PROFIT NO LOSS)

Weekly Calls Updates, Recommended on 14-April-2014

Click here To See Our Weekly Stock Picks

1. 100% Target Achieved CENTURY TEXTILE @ 365. +Rs 20/- Share

2. 50% Target Achieved In M&M Finance @ 230.00 +Rs 10/- Share

3. Hold INDUSIND BANK with Recommended SL. Sell Recommended @ 490 Made a low 480.

4. Hold DR. REDDY with Recommended Strategy.

WEEKLY STOCK PICKS- Bet on Best Stock with Profit Play (14-APRIL-2014)

1. SELL CENTURY TEXTILE @ 385.35 SL 405 TG: 365

Trading near to Channel Top, Chance of Strong Reversal is on cards. Any breakout out of Channel Pattern will force us to Re-Analyze Charts. Hence Keep A strict Stoploss of 405 

2. BUY DR. REDDY  (75% QTY) @2577 CMP AND (25% QTY) @ 2530  SL 2450 TG: 2650

Trading Near to Strong horizontal Support @2520- 2530 and a sharp bounce towards higher Level @2580 is Seen in the Stock. Trading at lower End of Channel Pattern. 

3. SELL INDUSIND BANK @ 490 CMP SL 525 TG: 450

On Weekly Charts Strong Resistance @ 510-515 and a huge selling is seen at those levels. Stock may Correct more,  can head towards immediate Support Levels @ 450. Bank Nifty future has not yet broken its Previous highs of year 2008. Nifty future is trading up Approx 300 points from its 2008 highs. Shows Divergence in Nifty and Bank Nifty. Shows weakness in banking Sector.

Call Success- CRUDEOIL and GOLD COMEX

GOLD COMEX Almost Achieved Targets Click Here to Read Report

CRUDE-OIL MCX Achieved Targets Click here to Read Report

Is GOLD COMEX Poised for Upside.....??

SHORT TERM TECHNICAL OUTLOOK:

GOLD COMEX made a double bottom pattern  on weekly Charts, found a Strong Support @1180$ and has retraced towards higher levels @1325$, Fibonacci levels of 23.6% comes out to be 1350$. After a Hefty correction from 1920$ to 1180$ which comes out to be approx. 740$ correction per ounce in last 2.5 years, Now we may see some bounce towards higher levels. Currently Trading @1310- 1315$ which is a strong weekly support zone. In August 2010 from these levels @1310 GOLD saw a strong rally towards 1920$.

Hence we Recommend buy GOLD COMEX till 1310$ (CMP: 1324) with SL of 1285$ and targets of 1350$.

PREVIOUS WEEK DATA IMPACT ON US ECONOMY:

SLOW DOWN IN HOUSING SECTOR:

The extreme cold of January took a heavy toll on the housing sector including housing starts which plunged 16.0 percent, Which is Negative Signal for the US Economy and hence we may see Buying resuming in Precious Metals

JOBLESS CLAIMS SLIGHTLY LOWER:

Jobless claims are steady and point to intend readings for the February employment report. Initial claims for the February 15 week, which is also the sample week for the monthly employment report, edged 3,000 lower to 336,000. Which does not proves any Major improvement in US economy.

CRUDEOIL NYMEX and CRUDEOIL MCX Short Term View..!!

Technical Outlook: 

Trading in a Classical Channel Pattern, On Daily Charts There is Stiff Resistance around 103.50$. Since its a Channel top and There is Resistance on Daily Charts, (i.e. Horizontal Resistance on daily chart and Channel Patter Resistance both Coincide)  it would be feasible to take a Short Position in CRUDE OIL. Relative Strength Index looks overbought on 4 hourly charts and momentum Indicator is also Overbought. Its a confirmation for Selling. Hence We Recommend to Sell WTI CRUDE OIL till 103.50 (CMP: 102.80) keep an stop loss of 104.50 and Targets of 100 $. Risk and Reward Ratio is also favorable in taking short position.

For MCX CRUDE OIL According to International Markets We suggest Sell As after a bull run after a breakout above 6280 has seen no correction in the Rally. Hence We suggest short CRUDE OIL MCX with Stoploss of 6470 for Targets of 6320, Current Market Price 6413 (Closing of 20-Feb-2014)

If trades and Sustains above 104.50 $ Fresh buying may Resume, And Hence Stop loss of 104.50$ would be strongly recommended.

Economic Outlook:

Petroleum inventory data are little changed in the February 14 week with oil inventories up 1.0 million barrels to 362.3 million. Which Suggests Week Demand of Crude oil and Hence we may see some Correction in Prices of Crude oil.

SILVER Bottomed Out....?? Its Time to Buy...??

Technical View:
(FOR INVESTORS and LONG TERM TRADERS)

Comments and Strategy:

SILVER COMEX after a hefty correction from 49$, Now SILVER is trading Near to 18$ - 20$. There seems to be Strong Accumulation in Silver before a fresh Rally towards Higher Levels from here.

Before a Rally it might be Possible that we see a trap breakdown. Silver COMEX bottom seem to be there.
Even Physical buyers and Investors can bet on SILVER and buy 50% quantity. Any major Correction will be just buying opportunity, buy Rest 50% quantity on a major dip around 16$ levels

Since November 2013 SILVER is trading in a Range of 2$ and Any Breakout after Such an long consolidation is always Bigger and better.

USD-INR can Correct from these Levels @62- 63 and Rupee can Head towards 55/ dollar  in this year. Hence Keep a close watch on currency movement, Stronger Rupee may stop SILVER MCX to head towards Higher levels.

Calls Success by Profit Play

Here We are:
Calls with Good Risk and Reward Ratios, Which can mint Money, Our Main Focus is on Profits not just Accuracy. Just Have a look on our Past Predictions:

1. NATURAL GAS NYMEX (11-DEC-2014) Click here to see NG call

2. CRUDEOIL NYMEX (18-JAN-2014) Click here to See Crudeoil Call

3. GOLD COMEX (18-JAN-2014) Click here to See GOLD Comex Call

CRUDEOIL NYMEX weekly Outlook (20-Jan-2014)

CRUDEOIL NYMEX

View:

Trading Near to very Crucial Levels @91$, Strong weekly Support lies @91$ and a Sharp bonce back has been seen in Crude-oil from those levels. We have a Positive outlook on Crude-oil till it sustains above 91$. Short Position Can be initiate only below 90$ Hence we Recommend to Go long on CRUDE-OIL on Current levels and buy till 91.50$ with Stop-loss below 90.50$ As Risk and Reward ratio on Going long is high. Reverse Long Position if break 90$ and Closes below it on 4 hourly charts.

Profit Play's Take on CRUDE-OIL:

1.       Buy CRUDE-OIL till 92$ For Targets 100$ with Stop-loss of 90.50$

2.       Sell CRUDE-OIL below 90$ for Targets of 86$ and Stop-loss of 93$