Kotak Mahindra Bank

Entire Banking Sector stocks has given downward breakout of there short term bearish pattern. KMB has breakdown of 8 weeks Head & Shoulders top. Trade short with stop loss of 732 for target of 675.

Divine blessing from Ramdevji for 2014

The year 2013 has put the foundation of next bull market in India, with most economist believe that worst is over. First half of the year is going to see the major bull run of the market. IT and Pharma will be the strongest sectors. Dark horse will be Oil and Metal sectors. Power and Infrastructure will be the weakest sectors. Banking will be weak for next two quarters, so trade Bank Nifty long only if, it is above 11000, for year target of 16000. In Nifty trade long  on every fall with stop loss of 5970 for year target of 7150.

In investing, what is comfortable is rarely profitable
WISHING YOU ALL A VERY HAPPY NEW YEAR

DLF bottom out

It is forming 5 months bottoming  Ascending Triangle and 8 weeks Head & Shoulders bottom. This week it as close above neckline of 167. Trade long with stop loss of 163 for target of 184 and 204.

Banking is Bearish

Bank Nifty and Banking stocks is forming bearish rising wedge pattern. Sell on rise with stop loss of weekly high for target of 50% from September low to recent high.

SUGAR in a sweet spot

Sugar has confirmed a major bottom in international dollar chart. In India both Renuka and Balrampur has confirmed head and Shoulders bottom. Investors can accumulate Renuka with stop loss of 15-17 for target of 38, 52 and 80. Balrampur with stop loss of 35-40 for target of  70, 95 and 150.