Trading runs in cycles: some good; most bad. Trade large and aggressively when trading well; trade small and modestly when trading poorly. In “good times,” even errors are profitable; in “bad times” even the most well researched trades go awry. This is the nature of trading; accept it.

Bank Nifty

Bank Nifty had a one side rally has resisted today at trendline resistance Made a high of 10307 and is correcting .

Buy above 10307 Tgt 10360,10404 and 10460
Sell below 10218 Tgt 10158,10100 and 100073
 
 
SBIN

SBI is having trendline resistance at 2160 High today …

“In many ways, large profits are even more insidious than large losses in terms of emotional destabilization. I think it’s important not to be emotionally attached to large profits. I’ve certainly made some of my worst trades after long periods of winning. When you’re on a big winning streak, there’s a temptation to think that you’re doing something special, which will allow you to continue to propel yourself upward. You start to think that you can afford to make shoddy decisions. You can imagine what happens next. As a general …

SBIN
 

SBIN is declaring its results today.Stock has both trendline resistance at 2088 and 200 SMA@2098. Good Results are already factored into market as per current rally .

Stock is Overbought on Daily charts
Buy above 2100 TGt 2115 and 2142
Sell below 2068 TGt 2042,2023 and 2004
 
 
Ambuja Cement

Double Top formation which is bearish in nature.

Sell in range of 165-166 TGt 162.5 and 159.8

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It’s all about sticking to your plan and experiencing feelings as they arise. If you are unwilling to feel your feelings, the temptation is to avoid them by jumping off your system.
Traders and Surfers both have to deal with feelings of missing out on the small ones, until the big one comes along. They also have to deal with feelings of staying with the big one.
Bank Nifty
 
Bank Nifty reacted from its 200 dma as shown in above chart. Stock is approaching its trendline support 9430. Break below this  will lead …

AXIS Bank

 
Axis bank took support at its 930 which is 50 SMA and bottom of the channel. Volumes were low on a down day.
Now there are 2 distinct possibility
1. Break 50 SMA and correction till 20 SMA
2. Bounce from channel low and move towards 100 SMA

Buy above 954 Tgt 969 and 980
Sell below 930 TGt 919 and 905
 
ITC Limited

 
Trading in a channel with trendline resistance at 210

Sell below 209 tgt 207.6,205.4 and 204
Buy above 211.3 Tgt 212.8 and 215
 
Jubilant Food
Took support at 200 DMA.

Buy above 825 Tgt 840,855 and …

Educomp
Trading range between 172-229. Stock can be sold at cmp with sl of 229.5

Sell below 220.3 Tgt 216 and 212

Coal India
Coal India is facing trendline resistance and 200 DMA@357. Stock can be shorted at cmp with sl of 357

Sell below 356.5 Tgt 49,344 and 337 Sl 357

 
HOIL
 
Trendline resistance @116.7

Buy above 116.8 Tgt 118.6 and 120
Sell below 113.6 Tgt 110.6,108

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Maruti Udhyog
 
Maruti has been trading in the range of 907-1008 from past many trading sessions. Yesterday it made an attempt to close above 1010 but supply pressure came on higher end.
One positive thing close above 50 SMA @972 is positive for the stock in medium term

Buy above 1010 Tgt 1020,1036 and 1049

Hindalco Industries

 
Hindalco after long time has closed above its 100 DMA.Support becoming resistance for Hindalco Rs 130 as shown in above chart.
Close above 100 DMA is positive for Hindalco but RSI is overbought and will be turning down. So …

State Bank of India

SBI we have covered it 2 days before as a breakout trade above 1710 Stock made a high of 1776 and now profit booking is advisable. Stock is approaching its trendline resistance as shown in above chart. Resistance are never broken in single attempt.

Sell between the range of 1776-87 keep sl of 1800 Tgt 1753 and 1731

Infosys Limited
Never catch a falling knife and it holds true for infosys also,So do not jump into a sinking boat either stay with trend or stay on sidelines. Pain is still …

 
SBIN

SBI the banking behemoth has shown a breakout yesterday and today we need a follow up action. As shown in above chart clear cut break of trendline but stock need to close above 1710 to confirm breakout.

Buy above 1710 Tgt 1724,1746 and 1771
Sell below 1685 Tgt 1664,1637

 
 
 
Reliance Industries
 

RIL the poster boy of Indian Stock market rose almost 3% yesterday and made a close above 20 SMA@726,which makes the stock bullish in immediate short term. Unable to break 686-90 level on closing basis signify strong hands are accumulating stock in dips.
Yesterday …

When a position is getting ready to stop you out at a loss, do you find yourself bargaining with the name? Do you find your frustration level rising? Do you justify the reason for the move against you, and give it a little more room, only to get stopped out at a bigger loss? Or even worse, perhaps you now find yourself sitting on a double-digit loss, and are frozen with what to do with this now sinking ship? And perhaps the biggest fear for a trader is closing out …