Feb 18, 2013

STT on Options on Expiry day


STT on Options on Expiry day:
If on expiry day you are getting money then book profit, rather than letting the options expire.


Posted on 6:50:00 PM | Categories:

Short Mid Term Outlook on ABB, BHEL, SIEMENS, IGL and Bharat Forge

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 18-02-2013. 01.00 pm.
We are updating views on all stocks in NSE FO List few by few. Please find more list in older posts. Wait for remaining in the forthcoming posts.

12. ABB CMP-612, can test 545 levels in near future. If that level is breached than a new range of 350-550 will be open meaning there by it will become short on evey rise stock till it reaches 350 and buy at oversold levels inbetween.
13. BHEL, CMP-205 is trading at very very critical level. 193 is a very strong long term support. if this level is broken it will slip towards 151 levels and below that it can slip to even lower levels.
14. SIEMENS has already broken important levels of 622 and 588. Now it is trying to head to lower levels. It free fall sharply without big pull-backs as there are not significant support levels till 350 which is suppport of neckline of previous inverse head and shoulder pattern.
15. IGL is trading at 260. It is very encouraging that after the one day slump from 370 levels to 200 levels in April 2012. Also since it has been rising steadily by forming higher high and higher bottom formation in last 1 year. We can hope that it will rise towards 400 levels if it sustains this trend. So buy on current levels and at every dip is recommended. Also, the oil and gas sector is abuzz with many positive structural and fundamental changes which is positive in many senses.
16. Bharat Forge CMP=225 is howering around very critical support level of 220. We may say that it has broken this support levels already. So lower levels are more likely than higher.

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Technical analysis and stock movements as well recommendations are subject to changes in market condition and news flow of company and the economy. So please remain updated with us. Or contact us directly in case of any query on info@meghainvestments.com or 09377008708



Posted on 1:10:00 PM | Categories:

Investors have many misconceptions and misunderstanding regarding Stock Market Indices


There are many misconceptions and misunderstanding relating to the benchmark indices SENSEX and NIFTY among the investors and traders.
Below are some of them,
  • ·         All stocks follow the index.
    ·         Generally the stocks are completely correlated with the benchmark indices i.e. when the benchmark index goes up all stocks go up and when the benchmark index go down all stocks go down.
    ·         When the benchmark index has risen all stocks in the index has risen and when the benchmark index has fallen all stocks in the index have declined.
    ·         You cannot get positive return in index and non index stock when the benchmark index has declined. You get return only when the benchmark index has risen.
    ·         The index is same. It is a separate entity itself and there are no changes in its formation or its characteristics. The index is same as it was in 1980, as it was in 2000 or 2008 as it is in 2012. (In reality, Index is ever changing i.e their constituent gets changed year by year. Today the index is not same as it was in 1980 or 2000 or 2008. The index in fact is the showcase of the volatility and market behavior of today and not yesterday)
Posted on 11:21:00 AM | Categories:

Short and Mid Term Trading Guideline for NSE Futures and Options Stocks 2

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 15-02-2013.

8. Uco Bank has support at 60, CMP is 64, if breaks below that it will try to touch next support of 43. Big rally possible only above 85 and 95 which are crucial multiple top formation levels.

9. FMCG is bit of tiring out. It has failed to perform in last few weeks. Titan is trying to break its consolidation pattern. Main reason for re-patterning in this stock is the tightening of government in gold trade balance. It is forming short term lower top lower bottom pattern CMP is 266. A break below 260 will open range of 220-240. If it forms bottom around 220 levels and rises steadily with higher top higher bottom formation and eventually makes multiple inverse head and shoulder pattern or inverse bowl pattern then in months to come 310 level will be crossed then it can open range of 300-500 of new higher levels.

10. TECH MAHINDRA is trying to break out above 1042 levels. Don't buy for long below that level. IT is acting as best defensive and outperforming sector in time of correction this time. We don't advise sell strategy. Better to wait for good opportunity and buy into it. 867 level is support for the stock where big pull back swing will come if it has ever to go down and correct.

11.Like TECH MAHINDRA, TCS is also trying to break above 1140. If it breaks above this level then it will again become a buy on every dip stock. And again sustain its uptrend. However, big short term gains should not be expected. This can be more delivery based stock than trading stock. Infosys and HCL and Tech Mah are better for trading.


Contact us OR Become member to get accurate TGT, SL level and HOLDING DURATION.

Technical analysis and stock movements as well recommendations are subject to changes in market condition and news flow of company and the economy. So please remain updated with us. Or contact us directly in case of any query on info@meghainvestments.com or 09377008708
Posted on 8:56:00 AM | Categories: