Fundamentals:-
EPS 20.35 P/E 26.70 Industry P/E 23.28 FV 10
Short term delivery/Positional:
Buy SKS MicroFinance (Cash) Around 541-537
Target 570+
Stop Loss 520
More will update soon!!
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Thursday, March 31, 2016
Update on Agri Commodities 31 Mar 2016
Hope you all are trading with levels given on daily basis. If you have perfect level then only you will be able to mint money... Nothing else!!
Have a look on it!!
Soyabean
Not able to breach its resistance level of 4090 and slipped again to 3957 mark. We recommended buying in Soyabean above 4050 and around 3980---3950. Both level initiated.
Now what to expect???
Looks positive and could test its resistance level of 4050---4090. Weekly close above 4090 will see further upside rally till 4130---4180 and then to 4250+ mark in days to come
Maintain stop loss below 3925 on closing basis
Soyaref
Clearly indicated that Soyaref has hurdle at 645. It exactly made a high of 445 and slipped again to 634.30
Now what to expect???
Support at 628 and Resistance at 645
Three consecutive closes + weekly close above 645 will see further upside rally till 660---670+ mark in days to come
Maintain stop loss below 628 on closing basis
CPO
Rally continues.... Just made a high of 532.40. We are holding long from 490 and above 522 mark. Minted money or not???
Now what to expect???
Support at 518 and Resistance at 533
Two consecutive closes above 533 will see further upside rally till 538 and then to 542---545+ mark in days to come
Traders holding long as per our level can book part profit and revise stop loss below 518 on closing basis
Rmseed
Not able to breach its resistance level of 4080 and bounced back again. We are holding long from 3970 mark
Now what to expect???
Support at 4080 and Resistance at 4220
Two consecutive closes above 4220 will see further upside rally till 4280---4350+ mark in days to come
Maintain stop loss below 4080
Chana
We recommended buying in Chana above 4400. Just made a high of 4579 and now trading around 4575
Now what to expect???
Hurdle at 4600 and Support at 4480
Weekly close above 4600 will see more upside rally till 4690---4750+ mark in days to come
Revise stop loss below 4480 on closing basis
More will be update soon!!
Minted money in Copper and other basemetals too... Have a look on it!!
Yesterday we clearly indicated to sell Copper below 324 for the downside target of 321---318.
See what happen!!
Just made a low of 319.05. Holding short from 328.
Panic Continues in Nickel too!!
We clearly indicated to sell Nickel below 570 mark for the downside target of 540---525.
Just made a low of 552.50.
Now what next??
Those are holding short as per our level can try to book part profit and revise stop loss at cost to cost.
Still our target intact 540---525.
More will update soon!!
Silver and USDINR long term view only for positional trade 31 Mar 2016
Silver
Support at 36250---35900 and Resistance at 37000
Close below 36250 will take to 36000---35900. Three
consecutive closes + weekly close below 35900 will see sharp downside panic in Silver till 33800---33800 mark in coming weeks
If unable to breach 35900 then it could take U-turn again
Trading near to its crucial support.
Silver is forming double top pattern on daily chart having target of 2900 points in Silver i.e. 38800-35900= 2900
Will it test 33000 mark or take U-Turn???
A big question.... So traders can trade safely with levels only. Anything seems will update via App.
USDINR
Looks extreme weak on monthly charts and chances are bright for downside move in it.
Three consecutive closes + weekly close below 66.40 will see sharp downside panic in USDINR till 64.00---63.00 mark in days to come
On monthly chart.... Major hurdle at 70.00
Will it breach 70.00 or could test 58.00 mark in coming months
All things are hidden in the dearth of future
USDINR will play key role in volatility... So traders can try to trade safely with levels only
More will be update soon only on our Android App!!
Update on Nifty, Bank Nifty and Positional Equity Pick 31 Mar 06
“Global cues, banks lift Sensex 438 pts; Nifty ends above 7700 ahead of F&O expiry”
Markets opened on a positive note and gained 138.20 points before closing at 7735 with 1.82% increase to the index at the second last day of march expiry.
Nifty future took the support level of 7600 and bounced back sharply again. These are power of levels... Nothing else!!
Sensex also showed a positive bull run and gained 438 points to the index and settled at 25338 with 1.76% increase to index.
Bank Nifty also capitalized on the market bullish sentiments and gained 468 points before settling at 16134 level.
Our buying recommendation. ..
We Recommended to buy Asian paints (FUT)/Cash around 858-855 with SL of 840.Our call proven great and made a high of 885. Hope you booked profit.
We also recommended buying in DLF around 110.50---110.00. It flared like anything and made a high of 116.40. In this too we booked part profit and still holding long in it.
In addition to it... We recommended buying in Bank Nifty around 15940-15920 with SL of 15600. Too proven great and crossed 16150 mark sucessfully. We booked part profit around 15940-16145.
Our positional Call on Capital first (cash) given on 17/03/2016 to Buy around 402-400. Stock made high of 446.75 and settled at 440 .
Our subscribers minted money in toneeees... Have you???
Still need trial... need not to worry at all. Watch more!!
Now what to do today???
Nifty futures has support at 7660---7600 and resistance at 7740. Three consecutive closes + weekly close above 7740 will take to 7855---7920 and then to 8030+ mark in days to come.
Fresh selling can initiate only weekly close below 7600 mark.
In addition to it... Bank Nifty has crucial support at 15700 and resistance at 16450---16700. Weekly close above 16050 will see rally remain continue till 16300---16450 and then to 16700+ mark in days to come
Revise stop loss below 15700 on closing basis.
Trade with levels only... More levels will update during market hours
Today's top pick
(Positional) IDEA... Forming double bottom pattern on daily chart. Hurdle at 113 and support at 110. Looks positive and could test its resistance level of 113. Three consecutive closes + weekly close above 113 will see upside rally till 130---136 and then to 145+ mark in days to come
So plan your strategy accordingly. Support intact at 110.
More will be update soon during market hours only on our Android App!!
