Suzlon . . Positive winds ..

The Nifty touched the overhead resistance near to 5130 and has closed above this level. A good and strong rebound from the 'Dubai' panic. Intraday traders watch the 5085 levels for tomorrow ... !

Well stock specific - Suzlon seems to be generating buying interest yet again.



The technical indicators - especially the RSI - suggests that the buying momentum is building up and that investors who can take a risk of Rs 15/- in this stock can targets the Rs 110 - 115 levels in days to come. ..

Woops - mid caps are turning up again .. More than meets the eye ???

And yes, all bullion traders out there - watch Silver - a break beyond $19 should see lot of action ....

Happy trading !!

CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.

Nifty - On dangerous grounds !

Friends, I am delighted to tell you that the launching of my Academy - a dream project - had a thundering start!! I thank all of you for the continuous support you have given me over the years and this will make me stronger in future. Thanks !

The markets - they got a reason they seem to be waiting for. The Dubai debacle acted as the trigger for a sell off in an overvalued and nervously bullish market. In my previous blog on the day of Nov expiry - I indicated that Nifty 5050 was 'crucial' and if broken, may lead to a further sell off.



Well it seems that now 5100 + levels may be difficult to cross at least in the next few weeks and we can look for an immediate support at 4750. Below this I shall exit any longs in the market and may be shift my energies towards options, currencies and commodities.

The medium term indicator - ADX DI seems to be suggesting ' Caution - Danger ahead'

Well for now we have a situation of 'Caveat Emptor' (Latin words for 'Buyer Beware')

Happy trading! and remember - Don't fear the markets, respect them!!

CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.

NIFTY - Nov Expiry at ? ? ?

Hello Friends !.. Sorry for updating every second day. As you all are aware I am fully concentrating my efforts right now of the Launch of my Academy - on this Saturday 28th Nov. !!


I am sure that those of you who are in and around Baroda will attend the Launch and make the event a success. (Details at www.investogyan.com)


As for the Nifty - it is behaving as it usually does . And yes whenever I see the top gainers of the day having defensive stocks like ITC and HLL , I become extra alert! What's cooking ???



Well , time shall surely tell but the intraday charts are suggesting a very crucial support at 5052 and a break below this tomorrow may give way to a further sell off.

And before I forget - while one of your favorite TV channels is 'exploring' an 'informed(?)' discussion on the similarities of the current rise with that of Jan 2008, I presume the price behavior is still not suggesting such an extreme situation. Well we can understand - they need something to keep the register ringing !!

Well this much for now - See you at the Academy !

CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.

LT . . Too long a correction !

My Blog readers who traded in Gold , Silver and Copper sure must be partying right now!! Commodities are on a roll. Nifty on the other hand seems to be stuck in a range in search of a direction.

One of the few frontline stocks Larsen seems to be finding strong resistance at Rs 1700 levels while support is now important at 1500/-. A break out of this range should only decide the next move (Wow - a great opportunity for derivative traders )



Moreover while the price pattern looks like a triangle - it may not be actually defined as a triangle (Why ? - Think hard)

The charts suggest that upside break out may not give a heavy move but a downside break out can be fast and deep. All investors in the stock - keep SL at 1500/-

Happy trading !

CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.

JSW Steel - Buy on rumor , sell on Fact !!

The Nifty is unable to sustain beyond 5100 which fact is suggestive of topping out. Today's close below 5000 would suggest immediate support at 4940 and a close below this would indicate further weakness.

Today's hot news was the 10% stake sale by JSW Steel to the 6th largest steel company in the world -Japanese Steel maker JFE.

The scrip immediately hit my radar since we can once again prove that prices run ahead of fundamentals. The price of this stock was rising for the past few days from near Rs 650 level on Nov 4 to today's high of Rs 1039/-.



Woops, a technical analyst tracking this stock would have gained most of the rise, even though not aware of the deal, while a fundamental analyst/ investor would only today come to know of a 'good news' !!!

Perhaps at this juncture one should remember the market saying - "Buy on Rumor , Sell on the Fact" -

Fundamental Investors - if you have missed this rise , wait for a correction before jumping in ! The news are good but the timing for purchase is wrong !! (Did I hear someone say it is bad to time the market????)

I presume you can get the stock below Rs 800/- in days to come !

Happy watching !

CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.

COPPER - imminent upside break out !

While Gold touches a new high beyond $1130, Silver which is lagging behind could soon be catching up... And if that is so, a rise in Copper too cannot be far away.

COPPER has been consolidating in the Rs 280 and Rs 310 range for some time and a break is near. The most likely break out is on the upside given the technical indicators strength.



Traders may want to buy the commodity on break out now beyond Rs 310 with a strict stop at Rs 299 for a target initially at Rs 319 and then in the Rs 339-345 range.

Not a bad trade given that many international metals are on the rise.

Happy trading !
CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.

ICICI Bank - Bearish Engulfing !

The NIFTY seems to be getting selling pressure above 5000 level. Consider immediate support near to 4895 tomorrow for intraday below which a further selling may be expected intitially towards 4865 - 4855

Banking stocks saw some profit booking and selling at higher levels. ICICI BANK in fact has formed a 'bearish engulfing candlestick pattern' on the daily charts.



Resistance to the stock is strong at 930+ while immediate support is near Rs 880/- in intraday. A break below this should create a short sell trade with stop at 930 and target of Rs 800 - 785.

I presume traders may cover their short sell near Rs 775-800 as this is a support area.

Happy trading !
CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.