Godrej Industries Analysis for Oct-Nov 2014 series.

Based on the option data (as of 17-Oct-2014) and the price chart showing supply & demand zones. Godrej Industries is likely to come very soon in accumulation/buying zone. There is a potential that the stock may give us good buying opportunity if you trade at the correct demand levels as shown on the chart.

Nifty Analysis for the week 07-Oct to 10-Oct-14

On the chart Nifty spot looks weak. Any weakness in 7940-7980 region can pull it down 100 points to 7840 and further weakness from 7800 region will trigger a major sell-off which may crash it down 300 points to 7510.

Option data is also suggesting the same picture. Option strike price with significant activity are marked in red border. Advance warning that market may witness a sell-off soon.

Happy Trading (to the bears ;)

Stocks to watch for 19-Sep-14

BULLISH STOCKS for next 4-5 trading sessions:
REC, cmp 269.4, buy near 263-268 for upside target of 279-284-289-294, keep stop loss at 260
JPASSOCIATES, cmp 35.25, buy near 31-34 for upside target of 37.4-39-44-49, keep stop loss at 30
IOC, cmp 378.1, buy near 376-372 for upside target of 389-399, keep stop loss at 364

RELIANCE, cmp 988, looks like it will bounce back to 1024-1049, but be careful, trade with strict stoploss of 15 points from entry price.

Please note the above prices are for cash market only, next week is F&O expiry. Trade with extra caution.

Stocks to watch for 16-Sep-2014

BHEL seems a good buy at current level 217-220 for upside target of 239 keep stop loss at 210


GODREJ INDUSTRIES is likely to see more supply coming in 354-367 area and may correct upto 335-331 in near term. Do not enter long, look for shorting opportunities near the supply zone. GODREJ INDUSTRIES Stocks holders can write covered calls at 360 strike trading around 5 till expiry. expected returns 7% (approx) in 10 days.

Stocks for 03-Sep-14

BULLISH STOCKS
1. ANDHRABANK (buy between 62-72 for upside target of 89-94-99-109, keep stop loss of 60)

CONSOLIDATION/BEARISH STOCKS
1. ARVIND (watch 295-305 level for shorting opportunity, stock may correct upto 275-255)

Stocks to watch for the week : 1-Sep to 5-Sep-14

BULLISH STOCKS :
1. REC LTD (must buy @ 262-267, targets 279-284-289-299, keep stop loss @ 250)
2. BHEL (buy @ 228-238, targets 254-259, keep stop loss @ 225)
3. HINDUSTAN ZINC (buy @ 156-161, targets 169-174-179-184, keep stop loss @ 150)
4. LIC HSG FIN (buy @ 286-296, targets 304-319-329-339, keep stop loss @ 280)
5. BGRENERGY (buy on every dip in 156-136 region, stock may target 179-189-199 soon)


BEARISH STOCKS :
1. HEXAWARE (if you are long, then exit this stock near 160-163 as it is likely to correct upto 150)
2. IOC (may remain weak and correct upto 346-341 soon)
3. ADANIENT (this stock is likely to come down to 451-441-421-411 levels in september) 
4. BHARATFORG (look for trapped bullish traders near 796-809 levels. it may come down to 720-700 levels soon)

EXIDEIND Analysis for 25-Aug to 29-Aug-14

EXIDEIND (cmp = 162.6 ) wait for stock to come near 167-169, watch for weakness and trapped bullish traders to short at/near 169 for target 166-161-156-151. Keep stop loss of 4 points from your entry price.
Option data suggests that 170 level will act as strong resistance and the stock may correct upto 155-145-141 in near term.