NIFTY AND STOCK VIEW BY USING POINT AND FIGURE

Strategy for 03APRIL 2014:Nifty Major trend is up because its trading above major and intermediate 45 degree trend line . Do follow every new column  X . 6760-6800 is resistance area for nifty for tomorrow so from that levels we could see some correction of 100-200 point but its my assumption and on basis of assumption we should not take trade unless or until price will tell to take  trade. So risky trader can do trade if column reversal will happen from 6800 Tomorrow resistance is 6770, 6800 and support is 6720, 6700. Tomorrow we can see some selling pressure at higher levels because in HIGH LOW method we have seen relative high so at this stage double bottom sell signal with relative high could be tradable with strictly stop .

EXIDEIND–Medium termPick

BUY AND HOLD EXIDEIND BETWEEN 123-125  SL 118 TGT 135++

RAJU RANJAN

9975606284

NIFTY AND STOCK VIEW UPDATED BY USING POINT AND FIGURE

DATE- 1 APRIL 2014

Nifty 10X3 CL P&F CHART

Strategy for 01 APRIL  2014: Nifty Major trend is up because its trading above major and intermediate 45 degree trend line . Do follow every new column  X . 6760-6800 is resistance area for nifty in  coming week so from that levels we could see some correction of 100-200 point but its my assumption and on basis of assumption we should not take trade unless or until price will tell to take  trade. Tomorrow resistance is 6760, 6800 and support is 6680, 6640. Tomorrow we can see some selling pressure at higher levels so be careful in intraday position. Major trend is up so one should not go beyond the trend and should follow the trend  .

IOC –Medium termPick

è  MAJOR TREND IS UP BECAUSE ITS TRADING ABOVE MAJOR AND  INTERMEDIATE  45 DEGREE TRENDLINE AND ABOVE 200 DEMA .

      

 è  BUY AND HOLD IOC BETWEEN 278-282 SL 270 TGT 300, 330    

           

  

       RAJU RANJAN

Mob- 9975606284

NIFTY AND STOCK VIEW BY USING POINT AND FIGURE

DATE-25 MARCH 2014

Nifty 10X3 CL P&F CHART

Nifty 10x3 HL P&F CHART

Strategy for 25 MARCH  2014: Nifty Major trend is up because its trading above major and intermediate 45 degree trend line . From 4 February nifty has given nice move of almost 630 point . For this week I am expecting nifty should move again in range between 6400-6600. For tomorrow major  resistance is 66400,6690 and  support is at 65300, 6480. no fresh trade in nifty… Be stock specific.  Nifty is looking strong above 6550 and below 6460 looking weak so do trade accordingly.

BANKBARODA –Medium termPick

è  MAJOR TREND IS UP BECAUSE ITS TRADING ABOVE MAJOR AND  INTERMEDIATE  45 DEGREE TRENDLINE .

      

 è     BUY AND HOLD BANKBARODA BETWEEN 660-665 SL 640 TGT 690, 710

INTRADAY TRADER BUY IF SUSTAIN ABOVE 673 BECAUSE MORE MOMENTUM IS LOOKING ABOVE 673 

       RAJU RANJAN

Mob- 9975606284

NIFTY AND STOCK VIEW UPDATED BY USING POINT AND FIGURE

DATE-21 MARCH 2014

Nifty 10X3 CL P&F CHART

Strategy for 21 MARCH  2014: Nifty Major trend is up because its trading above major and intermediate 45 degree trend line . From 4 February nifty has given nice move of almost 630 point . For tomorrow major  resistance is 6520,6550,6580 and  support is at 6440, 6400.from last couple of days nifty is moving in 6450-6565. Tomorrow if nifty goes below 6430 then sell signal will generate but in such a up trend we should avoid first sell signal. So no fresh trade in nifty… Be stock specific.

MCLEODRUSS –Medium termPick

è  MAJOR TREND IS DOWN BECAUSE ITS TRADING BELOW MAJOR AND  INTERMEDIATE  45 DEGREE TRENDLINE 

 è     SELL MCLEODRUSS IF SUSTAIN BELOW 273 SL 283 TGT 254

RAJU RANJAN

9975606284

NIFTY AND STOCK VIEW BY USING POINT AND FIGURE

DATE-19 MARCH 2014

Strategy for 19 MARCH  2014: Nifty Major trend is up because its trading above major and intermediate 45 degree trend line . From 4 February nifty has given nice move of almost 630 point . Major trend is up so any correction could be an opportunity for fresh long. For tomorrow major  resistance is 6530,6570,6610 and  support is at 6480, 6440.from last couple of days nifty is moving in 6450-6565 and above 6560 we had seen strong supply zone and near 6500 we had seen strong demand.  Today nifty has broken its previous resistence 6565 but not able to sustain and finally closed at 6516. If nifty able to hold 6480 then we will see 6610 in very short term.

CIPLA –Medium termPick

è  MAJOR TREND IS UP BECAUSE ITS TRADING ABOVE  INTERMEDIATE  45 DEGREE TRENDLINE  AND ANCHOR POINT

      

 è     BUY AND HOLD CIPLA BETWEEN 384-386 SL 375 TGT 400, 410       

       RAJU RANJAN

Mob- 9975606284

NIFTY AND STOCK VIEW BY USING POINT AND FIGURE

DATE-18 MARCH 2014

Strategy for 18 MARCH  2014: Nifty Major trend is up because its trading above major and intermediate 45 degree trend line . From 4 February nifty has given nice move of almost 630 point . Major trend is up so any correction could be an opportunity for fresh long. For tomorrow major  resistance is 6540,6565,6610 and  support is at 6480, 6440. On candlestick chart nifty has given breakout on large scale so in this scenario we should avoid short position. From here  Any double top buy should be opportunity for fresh trade and at this stage first sell signal should be avoid . If nifty sustain above 6565 then we can see 6650 in very short time.  

ABIRLANUVO –Medium termPick

è  MAJOR TREND IS DOWN BECAUSE ITS TRADING BELOW MAJOR 45 DEGREE TRENDLINE  AND ANCHOR POINT

      

 è     SELL ABIRLANUVO IF SUSTAIN BELOW 1045 SL 1075 TGT 1000,990          

       RAJU RANJAN

Mob- 9975606284

STOCK VIEW BY USING POINT AND FIGURE

DATE-7 MARCH 2014

è        BAJAJ AUTO IS  TRADING ABOVE   MAJOR 45 DEGREE TREND LINE

      

 è    BUY AND HOLD BAJAJAUTO IF SUSUTAIN ABOVE 1970 SL 1920 TGT 2070

                                                         

       RAJU RANJAN

       9975606284

NIFTY AND STOCK VIEW BY USING POINT AND FIGURE

DATE- 6 MARCH 2014

Nifty 10X3 CL P&F CHART

Strategy for 6 MARCH  2014: Nifty Major trend is up because its trading above major and intermediate 45 degree trend line . From 3 February nifty has given nice move of almost 400 point . At this stage nifty is in oversold zone  so  any time we can see  correction of 100-150 point . From here any double bottom sell signal can be an opportunity for fresh sell,  But if nifty tomorrow will break and sustain above 6350 then one can buy nifty above 6360 sl 6270  tgt 6440,6550.  Tomorrow major resistence is 6360,  6400 and support is 6290,  6260 so do trade accordingly ,

CIPLA –Medium termPick

è        CIPLA HAS TAKEN SUPPORT AT RETARCEMENT OF 78.60% AND TRADING ABOVE ANCHOR POINT AFTER THAT IT HAS GIVEN DOUBLE TOP BUY SIGNAL.

è       BUY AND HOLD CIPLA BETWEEN 383-385 SL 375 TGT 400,415

                                                         

       RAJU RANJAN

Mob- 9975606284

STOCK VIEW UPDATED

BUY AND HOLD JSWSTEEL 885-890 SL 855 TGT 950, 995

RAJU RANJAN

9975606284

NIFTY AND STOCK VIEW BY USING POINT AND FIGURE

DATE- 4 MARCH 2014

Nifty 10X3 CL P&F CHART

Strategy for 4 MARCH  2014: As I was anticipated that nifty should come down and from Friday I was mentioning that nifty is at its residence so it should come down and it happened , Finally nifty closed in red at 6221. In point and figure we have seen column reverser so still my view is negative so those who are in short should follow sl of 6300. For tomorrow nifty major support is looking around 6180-6190 and resistance is around 6160-6170 so do trade acordingly. If 6200 broken on closing basis then we can see 6100 in very short time .  

RPOWER –Medium termPick

è        MAJOR TREND IS DOWN BECAUSE ITS TRADING BELOW MAJOR 45 DEGREE TRENDLINE AND 9 DEMA

è       SELL RPOWER IF SUSTAIN BELOW 60 SL 63 TGT 57, 53

      RAJU RANJAN

Mob- 9975606284

NIFTY AND STOCK VIEW BY USING POINT AND FIGURE

DATE- 3 MARCH 2014

Nifty 10X3 CL P&F CHART

Strategy for 3 MARCH  2014: In February nifty moved from its low 5933 to 6280. From here I am expecting some correction in nifty so 6310-6320 will be good levels for going short with strictly stop of 6370.  Now for tomorrow nifty major resistance is 6310-6320 if sustain above then we can see till 6350 . And for nifty  major support is 6260 , 6240. If column reverser will happen then I would more comfortable to go short with 50 point stop.

OFSS –Medium termPick

è        MAJOR TREND IS UP BECAUSE ITS TRADING ABOVE 45 DEGREE    TRENDLINE AND AFTER LOW POLE MADE DOUBBLE TOP BUY SIGNAL

è       BUY AND HOLD OFSS BETWEEN 3110-3120 SL 3065 TGT 3200,        3250 INTRADAY TRADER BUY IF SUSTAIN ABOVE 3125

                                                         

       RAJU RANJAN

Mob- 9975606284

CHART STUDY THROUGH POINT AND FIGURE

DATE-26 FEBRUARY 2014

è MAJOR TREND IS UP BECAUSE ITS TRADING ABOVE MAJOR 45 DEGREE TRENDLINE.   

è      BUY SRTRANSFIN BETWEEN 585-590 SL 575 TGT 620

       RAJU RANJAN

Mob- 9975606284

CHART STUDY THROUGH POINT AND FIGURE

DATE-25 FEBRUARY 2014

è MAJOR TREND IS UP BECAUSE ITS TRADING ABOVE MAJOR 45 DEGREE TRENDLINE AND 9 DEMA.   

è      BUY AND HOLD L&TFH IF SUSTAIN ABOVE 76.50 SL 72 TGT 88, 95

       RAJU RANJAN

Mob- 9975606284