Pathiyil's Outlook

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Wednesday, September 27, 2017

Going Global

  6:20 PM    

It's been a while off the blogspot as we were commenting on markets through different social medias like whatsapp, twitter, facebook and linkedin. Now it's time for me to consolidate all media's and go global. Blog Spot will be back live once global.

New Announcements, coming soon...

Praveen Pathiyil

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Monday, November 21, 2016

Nifty: Correction likely to end in next couple of days. Watch 7890 on closing basis.

  11:45 AM    

Good Morning All!


It's been a long wait for the correction to end. We had called for 10% - 15% correction and it was during that time, Nifty was reluctant to drift lower. Now the situation has changed drastically; wherein everyone is in a panic mode. If things were to be analysed and believe, we are going to see a bottom in place in next few days. The up-trend that was in place since March is most likely to resume in the new expiry series of December. 

Once you find Nifty closer to 7900, buy 7900 DEC Call with a closing SL on Nifty spot below 7890 - 7880. 7890 holds the key to determine the future course of action.

Praveen Pathiyil

  

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Monday, September 12, 2016

Nifty Update: Nifty at Panic Channel Lows, Bulls could protect it for a smart bounce...

  10:20 AM    

Nifty:

Good Morning all...

If you were to draw a trend line connecting two panics for the year (the budget day panic low of 6825 and June 24th Brexit panic lows) it corresponds to today's low as of now (10:15 am). Bulls are not going to let their gains go off in a single shot, they will try to protect it and a smart bounce from these lows are not ruled out. While the medium term outlook remains firm for a correction of 10% - 15% as communicated last week, short term bounce towards 8900 is not ruled out. In fact, this correction is most likely to be enjoyed by Bulls rather than the Bears. Let's tune into the game of Bulls v/s. Bears.

 Note: If Bulls fails to hold the panic trend line bottom, there comes a strong support zone of 8540 - 8570. 

  

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Wednesday, September 7, 2016

Nifty heading towards 9000 mark. 10% - 15% correction round the cornor

  10:38 PM    

Dear All,

As we fast approach the key level of 9000 mark in Nifty; Nifty could face stiff resistance around previous life time high zone. On the valuations front too, Nifty current value is stretched. Technically, we hadn't seen a meaningful correction from the bounce from 6825 making a strong contention for a 10 - 15% correction most likely. In the weeks ahead we are moving towards 8000 mark. Any bounce towards 9000+ mark need to utilized for profit booking. I have updated our trade book for a quick reference.

Link: http://tinyurl.com/h2o3odo

Happy Trading!
Praveen Pathiyil   

   / /

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Thursday, September 1, 2016

Add to Portfolio: LT

  7:58 AM    

LT India:

It is all poised for another leg upside. This industrial giant has the potential to create wealth for shareholders on the long run and with current valuations, LT is a best buy for the moment. Expect around 20% - 25% gains in the next one year time horizon.

  

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Wednesday, August 31, 2016

Nifty broke past 8740! Short term momentum and portfolio stock added.

  8:05 AM    

Nifty Daily

Nifty finally manages to close above crucial resistance zone at 8740; giving more confidence for the bulls that another leg up is due probably towards new high. The last one month of sideways consolidation has absorbed all over-heatedness found in the market and is providing more room for Bulls on the upside. Going long in Nifty is advisable.

Short term momentum calls for the day are: Buy Pidilite and ICICI Bank

Add to portfolio: ChennPetro

   / /

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Nifty broke past 8740!

  8:05 AM    

Nifty Daily

Nifty finally manages to close above crucial resistance zone at 8740; giving more confidence for the bulls that another leg up is due probably towards new high. The last one month of sideways consolidation has absorbed all over-heatedness found in the market and is providing more room for Bulls on the upside. Going long in Nifty is advisable.

Short term momentum calls for the day are: Buy Pidilite and ICICI Bank
Add to portfolio: ChennPetro

Will update charts soon!

  

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Sunday, August 28, 2016

Weekend Trackpad

  11:08 AM    

Hi All,

Please find attached the weekend tracker...

http://tinyurl.com/gtbjhb4

 Thank you.
Praveen Pathiyil

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Thursday, August 25, 2016

What to do next in Nifty? Explained in a single sentence...

  8:51 AM    

Nifty Daily

 Go Long in Nifty and Stocks only if we get a close above 8740 and Go Short in Nifty and Stocks if Nifty closes below 8580.

Following are the stocks that we hold at the moment and try to reduce holdings till we get clearer cues from the markets.

Indo Rama
Chennai Petro
RCOM
FEDERAL BANK
AUROPHARMA
GILLETTE IND
ANDHARA BANK
Reliance
All Cargo
Tata Motor DVR
HDFC Bank
Himatseide
Radico Kaitan

  

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Tuesday, August 23, 2016

Nifty @ an interesting spot...Held 8580

  9:08 PM    

Nifty Daily
Last week I had mentioned two things: One: the downside move in Nifty would not be so smooth because of too many support holding up Nifty Bulls, Two: The importance of the raising upward channel would act as a key trigger for next move. Both we witnessed today. Nifty Bulls held the levels exactly at the lower part of the channel @ 8580. Now 8580 becomes the key level to watch out for. Once we get a close below 8580 then the downside move would be fast and Bears would be happy. However, I anticipate a dead cat bounce before this happens; and I am eager to see whether the bounce leg would actually take Nifty towards 8878. It would be interesting to watch what Smart Money do here; is it unwind Longs and go short or build up more longs. We will get an answer in 2 trading days; because we are also round the corner of an expiry. 

  

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Monday, August 22, 2016

Stock of the day: Radico Khaitan

  7:29 AM    

After the downside move, Radico has given a breakout with heavy volumes last week. If the breakout is for real; we could see prices moving towards 115 - 125 very soon. The price-volume breakout on the weekly chart makes this stock a favorite for the day.


  

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Sunday, August 21, 2016

Weekend Trackpad

  10:05 AM    

Good Morning all!

It was another good week that just got over. We have squared off many positions from our kitty on Friday. We just wanted to trim and keep it simple over the next few weeks. Attached along with is the latest track pad updated as on Friday, 19th August, 2016.

 http://tinyurl.com/gtah45q

 Regards,
Praveen Pathiyil

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Friday, August 19, 2016

Short term momentum calls for 19th August, 2016

  8:11 AM    

We have identified two stocks that could run up in the short term as there is steam left for another leg up in both the stocks.

1. HDFC Bank
Clearly a leader among the banking sector for past decade, this stock still has more room in the upside especially on the very short term basis. Though the moves have become slower off late, we believe it's consistent performance could push up prices once again.

 2. HimatSeide
Ready for another spin on the upside. This manufacturing company has the potential to push prices further up in the coming days. We could see prices moving towards 280 and 300 in this stock.

  

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Nifty Bulls are losing control; watch out for resistance zone @ 8710 - 8740

  7:53 AM    

Nifty Daily
If you were to observe closely (of late) the Nifty chart; one thing is evident, that the rallies are getting smaller and corrections are getting larger. This is the first indication showing that Bulls are losing control on the upward momentum, though they try to protect the lows. By protecting the lows they manage to hold on higher high - low pattern till date. If that too falls apart; Bears will start over powering. Watch out for 8710 - 8740 where there is strong resistance and any close above it would give Bulls the power to ride the markets further upside. A close below the crucial support zone 8630 - 8600 would add power to Bears and would take Nifty towards 8380 - 8350 levels.

  

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