Day ended with lackluster movements of Nifty. Though it fell abruptly in the last hour and my short traded yielded 20 points.

Go Short On 29th

Take these stocks for short selling on Thursday.

1.Punj Lloyd
2.Prakash Industries
3.RCF
4.RIIL
5.Rolta
6.Tech Mahindra.

HAPPY TRADING

MIDCAPS

Sandy, I will reiterate my point that what is good for you might not be for me coz we have different risk appetite and preferences. So first make it clear what exactly you want from those midcaps. Whats your time horizon? Your risk appetite and backup? If you wanna make value investment then I will suggest you to pick banks. Buy Allahabad bank, Vijaya Bank on dips. However, for intraday you can take educomp? But you ought to be specific about you objective and only after that I could recommend any midcaps for you.

All is well with ALLAHABAD BANK

Stock seems extremly bullish. Volume is in sync with price movement. MACD is above zero. Besides there other indicator that suggest it a good buy.

Two consecutive Doji formed on 14th and 15th July at a resistence area but that indecision is over come with a following green candle that too with high volume. Its a good buy for upcoming week.

DLF Breakout

DLF has crossed it 50 day EMA with significant volume. It had a strog resistence at 292 and it was tested throught a week (21st -28th June). On candlestick chart it has formed a big green candle (extremely bullish) today. So we can expect an short terma upward movement with target of 310.

GO SHORT

People are bit coufused as Nifty is hovering in a critical range. Short or long. For many Nifty is all set to make new high as long as it doesnt breach 5200 support. In fact, 5200 is a very strog support. Check it out.

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Besides, the faster moving average is on the verger of crossing down the slower one and did notice the bearish formation. NO. How can you see any formation in line chart. Check it out again.

Its Bearish Harami, Nifty is on the verge of correction. And we can expect 5000 level once again. So go short

Banking on Banks

Bank of India is providing a good trading opportunity.

Two inverted hammer occured at 350 level forming a strong support wehreas doji appeared thrice in 385-393 range making it a strong resistence. Banks are still strong.




Its not the end. Here comes another. Now its BOB aka Bank of Baroda. Lots of shaven bottom. Amazing.

and surprisngly its movement is closely aligned with 20SMA. Strong uptrend. Notice MACD and Stoch.

Dont you think its a good buy. Go get it man.