Interesting Tight Range Trading

Dear Investor,



We had two heavy volume down days in past 6 trading sessions. We are at the most difficult point to have any more upside in overall market. This week will probably decide next direction of the move. It might be good idea to increase some cash level. Overall, I do not see much positive momentum to keep the market moving higher.

All the reliance group companies have given very good bounce. All of them are at resistance point, that means the upside will be limited.

Fortis Healthcare Stock looks to be bottoming. If it closes above 160 the we will have better chance up to 185. But we must wait for it to close above 160.

Thanks

Anil

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Voltas Moves higher

Dear Investor,

Voltas is moving to upside with good volume. Today is its second day above very long time resistance point of 195. Give it another two days to prove itself and it should be good to invest in this one.

Thanks
Anil

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Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.

Close to hard resistance

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Dear Investor,

We have been to this level again and again. Last time it was 5400 where the market reversed. Day by day, the risk element of the market is disappearing and we are getting stabilized. May be few down days but overall it is very very bullish to me. It might not be next few weeks but chart patterns are very strong. Prudent investor should let the NIFTY go above 5400 before really getting more excited. We should not revisit 4800 from here. Up Down days are okay but no visit to 4800 is must for next leg up.



I like JSW Energy. It is getting very exciting support right now. It should close above 130 and stay above 130 for at least 3-4 days. NIFTY at its resistance level so be careful with any new investment.

Thanks

Anil

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Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.

GPIL and Maytas Infra

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Dear Investor,

NIFTY is doing very well and has returned back to the original resistance point. It will take some time for it to move through this level. A break through this level is going to attract very good buying. The thing I like about India market is it is one of the strongest standing market in such a weak global environment. Well, We certainly have a good future waiting for us. A word of caution is about a close below 5200 might not be good on short term basis.

Please add following stocks to your watchlist

Interesting chart pattern is being formed near long term resistance line. A break about 220-230 will begin new uptrend in this stock. We are not there yet but getting there. Keep watch on this one.

Godawari Power Limited has been forming nice base to build upon. It might be little too early but certainly a good one to watch. It is just on 150 day line.

Many more stocks are lining up for long uptrend. Hopefully NIFTY holds well in July

Thanks

Anil

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email:indiastocktrend@gmail.com

Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.