Karan Technical Analysis

Don't force trades. Do not attempt to create an opportunity where one does not exist. Be patient. There will be trades tomorrow or the next day. The market always provides opportunities over the time even though none may exist today. Don't ever force yourself to trade if an opportunity is readily not apparent.                                                                                                                                            Jake Bernstein

Technically Axis bank is looking positive on charts at current price 507 and stock may rally to the levels of  518, 525, 530 plus in coming days with a stop loss of 495.( Positional trade ) Subject to Disclaimer

Technically Marico Ltd looks good on charts at current levels 314 and stock may rally to the levels of 319, 322, 325 plus with a stop loss of 309. Subject to Disclaimer

The time to be scared is when everybody's making money hand over fist in the markets. You shouldn't be scared when the markets are going down.                                                                                                                                      John C Thompson

There are two sides to everything  in life but there is only one side to the stock market and that is the right side. One should always strive to be on the right side of  market, whether it is the bull side or the bear side of the market.                                                                                                                                        Jesse Livermore

Today Markets saw a decent correction after a rally of three days due to last night fall in American stock markets . Its reflection was seen entirely in the international markets as well India. Nifty today opened down with a gap at 9453 made a high of 9489 touched a low of 9418 and closed at 9423( -102 points) For now Nifty support is around 9380 . If Nifty break and close below 9369 then it can see further more downside levels.  Engineers India can be considered on dips for decent  returns in coming days.

Technically Just Dial is looking positive on charts 511 and stock may rally to the levels of  518 , 523, 525 plus with a stop loss of 498.

Here are the stock trading rules that made    Jesse Livermore’s   one of the world’s greatest fortunes.  Jesse Livermore is perhaps the most famous stock trader of all-time. Back in the early part of 20th century , Livermore made and lost millions shorting the market. Many successful stock and commodity traders still base their methods on these rules. Livermore constructed his rules over several years, while learning by trial and error what worked on the markets. He was guided by one of his favorite principles: “There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.” Some rules of JesseLivermore which every trader needs to keep in mind : 1.Nothing new ever occurs in the business of speculating or investing in securities and commodities. 2.Money cannot consistently be made trading every day or every week during the ye...

Every stock is like a human being ; it has a personality - a distinctive personality - aggressive , reserved, hyper , high-strung, volatile, boring, direct, logical, predictable, unpredictable. I often study stocks like I would study people; after a while their reactions to certain circumstances become more predictable.                                                                                                                                      Jesse Livermore

Technically Cholamandalam Finance looks good on chart at current price 1100 and stock may rally to the levels to 1135, 1140, 1145 plus with a stop loss of 1073. Subject to Disclaimer.

Technically JSW Steel current price 193.50 looks good on charts and stock may rally to the levels of 198, 200 plus with a stop loss of 187. Subject to Disclaimer.

Technically Axis bank looks positive on charts current price @509 and it may test the levels of 518, 520 plus...with a stop loss of 502. Subject to Disclaimer..

Trading is not a one-size-fits-all proposition; each trader must tailor an individual approach. Its is essential to select a method that fits your personality. There is no single right way to trade the markets. Concentrate on mastering one style that suits your personality, which is a lifetime process.                                                                                                                                                                                                    ...

Charting is little like surfing. You don't have to know a lot about the physics of tides, resonance and fluid dynamics in order to catch a good wave. You just have to be able to sense when its happening and then have the drive to act at the right time.                                                                                                                                                Ed Seykota

Technically PC Jeweller looks positive on charts @ 427 and stock may rally to the levels of 438, 442,445+  with a stop loss of 417.

Technically SBI is showing strength on the charts Ltp 292 and stock may rally to the levels of 296, 298+ with a stop loss of 285.50.

Technically Pidilite Industries may move to the levels of 735 738+ with a stop loss of 715. Current price is @  722.

Technically Bajaj Auto looks positive at current levels 2893. It can give an up-move to the levels of 2950 + with a stop loss of  2850.