Stock Market Trading For Coming Week.!!!

Stock Market rejoiced all over the world on back of bond-buying plan of ECB last week.Nifty also opened with gap up and closed with huge gain, but Stock markets are likely to witness volatile trading in the coming week in view of industrial output and inflation data that are lined up for release, July's industrial output data will be released on September 12, and August headline inflation figure on September 14 and it ll be key triggers for our Market and it will provide key inputs for a decision on interest rates coming ahead of RBI's monetary policy review on September 17.The Indian markets will continue to take positive cues from global events in spite of the weak domestic economic and political environment.But It will not be easy to hold on to the gains amid growing concerns about the economy and the government's ability to push through key reforms.

IF Nifty sustains above 5350 likely upside target shall be 5400-5450. On the other hand, if it goes below the 5300 level, further selling pressure is likely up to 5280-5250.

 

 

 

 Jain Irrigation looks oversold on chart we can buy it with stop-loss of 50 and target of 80.

 NOTE:-PLEASE FOLLOW STRICT STOP LOSS & BOOK PROFIT WHENEVER YOU FEEL LIKE.HAPPY & SAFE TRADING.ENJOY.

Breakout Expectations With Some Failed Attempts.!!!

As i mentioned in previous post that negative divergence is reflecting on Nifty chart, notwithstanding Nifty attempted to cross 5400 but could not cross. Nifty looking tired or waiting for some positive trigger if it does not happen then its bound to come down. Level 5400 playing as major resistance or breakout point if it cross it convincingly then 5600 is most likely on chart, while on downside 5300 acting as crucial support if broken then more downside ll happen. my personal view ll be to short Nifty at current levels.(See chart below).

 

In Next chart i posted my analysis on VIDEOIND, its most likely that it ll give breakout above 177 level,In past as well it attempted few times to cross and close above 177 but failed.However as per chart if you see indicators like MACD has given positive cross-over and growing VOLUME,rising RSI indicate & strengthen the probablity of a positive breakout.Buy it above 175  maintain stop loss of  170  on closing basis first target ll be 183 and second target ll be 188.Kindly trade as per chart.

 

 

 
NOTE:-PLEASE FOLLOW STRICT STOP LOSS & BOOK PROFIT WHENEVER YOU FEEL LIKE.HAPPY & SAFE TRADING.ENJOY.