Feb 13, 2013

Short and Mid Term Trading Guideline for NSE Futures and Options Stocks

Short and Mid Term Trading Guideline for Futures and Options Stocks.
All stocks are futures and options list stocks, so short selling can also be advised along with buying.
Charts are analysed for the cash segment only and not the future price move charts.
The date of analysis is 12-02-2013.

  1. Welcorp can be sold below 93, below 83 it can slip to 63
  2. Voltas is looking weak at cmp 94, it can slip to 69 if goes below 89
  3. Vijaya Bank has strong support at 43 if it is broken then free fall possible
  4. United Phosupurous has so far kep strong support 3 times at 106 level, above 144 it can zoom to 160+ levels.
  5. IRB Infra has strongest support at 112, below that it can touch 99 and below 99 it can free fall to 50 possible. Next support is 74 and 62.
  6. Union Bank, failed to hold the inverse head and shoulder break out it gave above 278, lower level of around 212 possible due to that. Break of 190 level which is the neckline level will take to head level and double bottom strong support level of 150. If breaks 150 then freefall. If the stock is able to hold 150 above level for long time then only long time rally possible.
  7. Ultratech Cement is on the rise after inverse head and shoulder and multiple top break out above 1200 level in 2010.  It is trying to consolidate between 1800 -2100 levels.

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Posted on Wednesday, February 13, 2013 | Categories: