TTK Healthcare @360: Could rise tomorrow

TTK HEALTHCARE Daily NSE Stock Chart Technical Analysis:

The price dropped steeply today, Open: 390, Close & CMP: 360.45.

Market Outlook:

• The price could rise again tomorrow from its current support level at 360.
• If price rises with high number of trades taking place, it might be a good point to enter with targets at 386, 394 and 419. 

Technical Indicators:

• Price is taking support of Fibonacci 50% and Fibonacci Fan 61.8%.  This makes 360 a strong support level.
• Less number of people seem interested in the stock as such low price levels.
• Stock is deep into the oversold level.
• Possible rise tomorrow.  Keep watching the price and trade numbers as the market opens.
• If price falls, only next support is at 331.

TTK HEALTHCARE Daily NSE Stock Chart Technical Analysis

Karur Vysya: 100 DMA Support @ Rs 500

KARUR VYSYA Daily NSE Stock Price Technical Analysis

Unlike expected yesterday, the price fell heavily today, losing quite a bit in the 2nd half.  But, I feel that this is simply because of the overall market fall today and has nothing to do with Karur Vysya's potential to give returns.

Open: 523.05  Close:  502.85

Market Outlook:  

• I'm expecting the price to rise up again.  If it does, I'm looking at taking a long position on this one soon, especially if it rises above 520 with good trading volume and other indicators pointing upwards as well.

Technical Indicators:  

• There is unusually large negative activity on this stock inspite of the fact that there is no negative news about the company.  In fact, KV has recently won the 2nd best private sector bank award.  So this big fall today seems unwarranted.
• Today's fall looks like 1) Reaction to overall negative market and 2) A sudden short term hurry to liquidate positions by people who were worried when the support line at 520 was broken.
• The price finally found support at its 100 DMA near 500 and closed slightly above it.
• The stock price is flattening out in the oversold levels, pointing towards a possible rise again.
• Tomorrow should be able to tell us if we should indeed take a long position on KV at the CMP.  Wait for a day or two.  

 KARUR VYSYA Daily NSE Stock Price Technical Analysis

IVRCL Infras: Support at 128, could rise again

IVCRL INFRASTRUCTURE & PROJECTS Daily NSE Stock Chart Technical Analysis

The price opened near yesterday's close and fell yet again.

Open: 136.1  Close:  132.75

Market Outlook:

• The price has good support near 128, could possibly rise back again before or after hitting this level.
• Keep noticing this stock, if it rises back strongly with other indicators positive as well, it will be a good time to buy this one.

Technical Indicators:

• There is support line at 128.
• The stock is already in the oversold levels and it is showing a probability to rise out of the oversold levels soon.
• If the price rises back, the short term targets are at 141 and at 150.
• Anything above 160 and this stock is rocking again.

IVRCL INFRAS Daily NSE Stock Chart Technical Analysis

Airtel taking support of 200 DMA, Resistance at 318.50

AIRTEL Daily NSE Stock Chart Technical Analysis:

Airtel remained range-bound on a day when the market tanked, and was able to hold fort and remain where it opened.

Open: 312.95  Close: 313.45  High: 319.50  Low: 311

Market Outlook:

• Market remained indecisive today and has tested its previous support at 318.50 which is now acting as resistance.

Technical Indicators:

• An indecisive Doji candlestick formed today.
• The price tried to return back to its support line at 318.50.  But now this same support line is now acting as resistance.
• The price has taken support of 200 DMA near Rs 307.
• Tomorrow is a crucial day and the price could try to rise above 318.50 once again.

AIRTEL Daily NSE Stock Chart Technical Analysis

NIFTY Support @ 5970 & then at 5928

NIFTY Daily Analysis Technical Chart:

NIFTY had another big fall today.  It opened above previous 2 day's close but fell to close much lower.

Open: 6143.45  Close: 5988.70  (-132.90 / -2.17%)

Market Outlook:

• If NIFTY falls tomorrow, it could close near support of 5928.
• Today also it closed at a support level of 5970 and so might make another attempt to rise tomorrow before falling again

Technical Indicators:

• Today a triple bottom was formed at 5970, indicating very strong support at this level.
• NIFTY has still not entered oversold levels so could possibly fall a bit further tomorrow, but it wouldn't be as big a fall as today's.

News (Fundamentals)

• The fears over China's rate hikes and other financial news in China seem to have been given too much importance as it does directly make any big difference to India, at least not in the short term.  This fall seems more out of a sense of general insecurity than anything fundamental.  This tells us that the market should rise again soon.

NIFTY Daily Analysis Technical Chart

Gujarat NRE Coke: Testing long-term support line @54.70

GUJARAT NRE COKE Daily NSE Chart Technical Analysis:

The price continued to fall alongwith the rest of market.

Price opened at 58, higher than past two days close.  But it fell and CMP is 54.7.

Market Outlook:

• Price should start rising again on Wednesday or latest by Thursday, keep noticing this stock.

Technical Indicators.

• Price stopped exactly at the long term support of Rs. 54.70.  It even dipped to 54.25 intraday but recovered and rose up exactly to the support point.
• The stock has reached its oversold levels and this is also an indicator that the price could recover.
• If at all, the price falls below its support line at 54.70, there might be no recovery soon after that.  Let's hope this doesn't happen.

GUJARAT NRE COKE Daily NSE Chart Technical Analysis