TATA CHEMICALS LTD.

Nifty views for 20 sep-25sep

Nifty had broken a channel 5660 in which it moving from last 1 year and now tread above it. New channel target is 6420 in next 5-6 months and that channel's suport is 5720. This is long term view on nifty. If it sustain in this level for 2-3 week then confirmation of this channel will done.

If we taking about move of nifty in next week , nifty may take some pause and some amount of correction. It can be go upto 5665.

Levels :-- Trigger level 5800 R1/R2 5977-6065 S1/S2 5745-5660

Short term Idea:--

Buy ster 173 Tgt 179-185 Sl 167

Buy ICSA 132 Tgt 138-142 Sl 129

Buy Techm 724 Tgt 745-765 Sl 711


Last to last week performance


Buy TCS 874 Tgt 888-900 Sl 865 ( both tgt hit)

Buy jindalstl 714 Tgt 734-756 Sl 693 ( Neighter tgt no SL hit)

Buy Ganeshhowsng 202 Tgt 211-220 Sl 198 (Sl hit)

Nifty views for 13 sep-17sep

Nifty had given very good up move in last 3 days.
Nifty had touch 1 year channel 5645 which was upper band of long term channel.
If e talking about sort term Nifty can go towards 5680 and had very good support of 5532. if it break then exit from long.

As per written on 23aug Nifty had touch our 5645 level.
http://myniftycall.blogspot.com/2010/08/nifty-views-for-23-27aug.html

Levels :-- Trigger level 5588 R1/R2 5698-5756 S1/S2 5530-5420

Short term Idea:--

Buy jindalstl 714 Tgt 734-756 Sl 693

Buy Ganeshhowsng 202 Tgt 211-220 Sl 198

Buy TCS 874 Tgt 888-900 Sl 865


Last to last week performance



Buy Powergrid 104 Tgt 107-110 Sl 102 ( both tgt hit)

Buy Grasim 2018 Tgt 2090-2150 Sl 1970 (both tgt hit)

Buy Fintech 1377 Tgt 1420-1450 Sl 1343 ( SL hit )

Nifty views for 30aug-3 sep

In last week Nifty was traded in our channel. but it was broke the channel on Friday. As it broke 5445 which we told a very crucial support Nifty plunge down around 50 point suddenly.
So now its time to be cautious in the market. Go long only if nifty close above 5510 till that sell on rise and it is good to sit with cash for Investors.
Crucial levels for next week is 5336 - 5545.
Nifty may saw level of 5210 in1-2 months if it will continuously trade below 5500 level.
It is good buying opportunity for the investors when fundamental strong company will get at bargain Price.

Levels :-- Trigger level 5451 R1/R2 5511-5600 S1/S2 5354-5287

Short term Idea:--

Buy Fintech 1377 Tgt 1420-1450 Sl 1343

Buy Powergrid 104 Tgt 107-110 Sl 102

Buy Grasim 2018 Tgt 2090-2150 Sl 1970


Last week performance



Buy Hcl infosys 117 Tgt 122-127 Sl 111 ( Both target hit)

Buy Patni 532 Tgt 550-568 Sl 510 ( 1st tgt it )

Buy ACC 872 Tgt 886-900 Sl 860 (SL hit)

Please share your comments on what you think of market observations, market and trading in general
Regards
Devang

6-8 months view on Market

Trees That Wood

Once there were three trees on a hill in the woods. They were discussing their hopes and dreams when the first tree said, "Someday I hope to be a treasure chest. I could be filled with gold, silver and precious gems. I could be decorated with intricate carving and everyone would see the beauty."

Then the second tree said, "Someday I will be a mighty ship. I will take kings and queens across the waters and sail to the corners of the world. Everyone will feel safe in me because of the strength of my hull."

Finally the third tree said, "I want to grow to be the tallest and straightest tree in the forest. People will see me on top of the hill and look up to my branches, and think of the heavens and God and how close to them I am reaching. I will be the greatest tree of all time and people will always remember me."

After a few years of praying that their dreams would come true, a group of woodsmen came upon the trees. When one came to the first tree he said, "This looks like a strong tree, I think I should be able to sell the wood to a carpenter" ... and he began cutting it down. The tree was happy, because he knew that the carpenter would make him into a treasure chest.

At the second tree a woodsman said, "This looks like a strong tree, I should be able to sell it to the shipyard." The second tree was happy because he knew he was on his way to becoming a mighty ship.

When the woodsmen came upon the third tree, the tree was frightened because he knew that if they cut him down his dreams would not come true. One of the woodsmen said, "I don't need anything special from my tree so I'll take this one", and he cut it down.

When the first tree arrived at the carpenters, he was made into a feed box for animals. He was then placed in a barn and filled with hay. This was not at all what he had prayed for. The second tree was cut and made into a small fishing boat. His dreams of being a mighty ship and carrying kings had come to an end. The third tree was cut into large pieces and left alone in the dark. The years went by, and the trees forgot about their dreams.

Then one day, a man and woman came to the barn. She gave birth and they placed the baby in the hay in the feed box that was made from the first tree. The man wished that he could have made a crib for the baby, but this manger would have to do. The tree could feel the importance of this event and knew that it had held the greatest treasure of all time. Years later, a group of men got in the fishing boat made from the second tree. One of them was tired and went to sleep. While they were out on the water, a great storm arose and the tree didn't think it was strong enough to keep the men safe. The men woke the sleeping man, and he stood and said "Peace" and the storm stopped. At this time, the tree knew that it had carried the King of Kings in its boat.

Finally, someone came and got the third tree. It was carried through the streets as the people mocked the man who was carrying it. When they came to a stop, the man was nailed to the tree and raised in the air to die at the top of a hill. When Sunday came, the tree came to realize that it was strong enough to stand at the top of the hill and be as close to God as was possible, because Jesus had been crucified on it.

The moral of this story is that when things don't seem to be going your way, always know that God has a plan for you. If you place your trust in Him, He will give you great gifts. Each of the trees got what they wanted, just not in the way they had imagined. We don't always know what God's plans are for us. We just know that His ways are not our ways, but His ways are always best.

Nifty views for 23-27aug

Nifty is going in our expected channel.
Nifty will be volatile in this week because of future expiry on Thursday so be cautious. Nifty can go maximum 5610-5645 then correction of 5-8% may expected in market.
Nifty's strong support is 5443 if it close below this levlel then sharp fall may be expected.

Range for nifty for this week is 5459-5600.so tread according to range.and be script specific.

Levels :-- Trigger level 5491 R1/R2 5584-5640 S1/S2 5431-5341

Short term Idea:--

Buy ACC 872 Tgt 886-900 Sl 860

Buy Patni 532 Tgt 550-568 Sl 510

Buy Hcl infosys 117 Tgt 122-127 Sl 111


Last week performance


BBuy Indiainfo 100 Tgt 103-106 Sl 97 ( both tgt achived)

Buy Jindalstl 652 Tgt 670-690 Sl 638 ( both tgt achived)

Buy Onmobile 310 Tgt 322-340 Sl 302 ( both tgt achived)

Positive Factors
1. DEFTY - dollar denominated Nifty is up 2.8% for the month of August. INR is not helping the FIIs
2. FIIs are bullish on India.
3. Reliance has very good setup make me optimistic. The stock has bounced from support 960.

Negative Factors
1. Technically the big problem for US market seems to be that there are lots of overhead resistance but no support on downside.
2. Double Dip noise is getting louder. There is apprehension that Q3 US GDP will come at negative 1.5%.
3. he slowdown worry is not only in the US. France has cut its projections for 2011 growth, down 0.5% to 2.0% for the year. There are also some doubts over the strength of the German economy in the second half of 2010.