Nifty gave a 200 point fall and today also opening will be a gap down of 60 points looking at Asian screen which are down between 2-5%. Its a Global Sell off and today we would be breaking 4900 range which have been defended from past 16 days.
Watch out for 4839 on Nifty Spot below it more pain will come.
I am covering 3 Index Stocks having weight age of 13,9,7% in Nifty.

Reliance Industries
 

RIL took support at its downward trend line. Break of the same will lead to 720 odd levels.
6% …

 
HI All,
I was not in best of my health from past 3 days reasson for no updation on site.
Thanks all for showing concerns by calling on cell and sending mail.
 
Reliance

RIL the poster buy on Nifty has woken up again yesterday and reason for 100 point jump in market.Volumes are point of concern as with a 4% rise volumes were only 4.21 million. So there was a short covering in futures which induced the rally.
 
Looking at Daily chart above 854 levels stock will do its breakout from down trending trend line. …

The market expects you to accept losses.  If you want to play in the market you better be prepared to play by the market’s rules.  Accept the losses, make them small based on proper risk parameters
Today’s rally in NIFTY was born out of pessimism.  Every one was bearish in market and waiting for 4910 to break and yesterday 5000 CE 11 Lakhs contract were added and market rallied to cut or scare the Writers.
Market always moves in direction which give maximum pain to traders.
State bank of India

SBI has been weak …

There is always bull market somewhere even in Down trending market and Bearish market we are trading into.
Hero Moto Corp
Hero Motor Corp is the Real hero in the Screen of Red. Nifty is down by 4% in past 2 days But HERO is up in green and making a fresh life time high.
Stock is trading in the rising channel but today candlestick formation is Called INSIDE DAY and if it breaks 2186 it can set into correction mode.
Indicators are making negative divergence but we need price confirmation.

Sell below 2186 Tgt …

No one knows FOR SURE how much profit any trade is likely to make. Fortunately, it is possible to know THE INITIAL RISK a trader is willing to lose.
Kotak Mahindra Bank

Kotak Bank has faced resistance near its resistance at 478 which was its previous High. On Friday stock formed bearish engulfing pattern which is bearish in nature and a reversal pattern.
Stochastic is on verge of giving sell signal.
Kotak can correct till 437 which is its 200 Day Moving average.

Sell below 454 Tgt 448 and 437

 
 
Tata Motors
TATA Motors ADR was down …

“Everyone makes an ego mistake once in a while, but only a foolish player does it often. Unsuccessful traders are always having  self-delusion and wishful thinking.  He can’t accept his own incompetence, so he attempts a recovery shot that’s usually beyond his reach.”
Bank Nifty
Bank Nifty has rallied almost 10% in past 7 trading session after having severe fall.Looking at Weekly chart of BN it is now moving into its cluster of resistance zone between 9940-10000. Risk to Reward for Shorting looks good at This Juncture.
Sell between 9990-10040 Tgt 9940,9869,9850,9800
BHEL

BHEL is …

It is emotion that creates movement in the market. Of course, few people really want to admit that most of their decisions are emotionally based and emotionally driven rather than rationally based and rationally driven.
TATA Coffee
TATA Coffee was trading in the range of 688-765 ,today it showed a breakout with volume.
Stock got resisted at 888 which is Laxman Rekha for the Stock.
888-894 is the zone of resistance above which it can see a breakout

Buy above 888 Tgt 898,916,947
Sell below 839 Tgt 820,807

 
 
Reliance
Today Showed its strength,One Stock moving the Index on …

Confidence can be an important psychological tool for the trader – important enough to make the difference between a winning trade and a losing trade. When you develop your trading plan, it is obviously important that you have confidence in its accuracy and usefulness and in your belief that you can follow your plan closely and execute it successfully.
There is some Problem in my DATA as data is coming of Monday. Am re posting the same with corrected Value Thanks to Sanjay Bhai for pointing the mistake

BHEL
 

Support  becoming Resistance Theory …

Traders always a dilemma of What Stop Loss should be kept for there Trade.For putting your Stop Loss In trading –you need to keep the structure of the market in mind.
Right Now we are in Volatile times so your Intra day trades should have a deep sl as If you see Nifty it give 20 Points move in matter of Mins so” deep sl will help you in not getting Whipsawed”  and  when we are in sideways market Keep Sl tight as range breakout can give good move for Nifty …

Successful Trader Have an open and Opportunistic mindset and they Never Speculate the Price they just trade the price as per there trading plan.
Bank Nifty

Bank Nifty on Daily Charts has been falling from past 11 Sessions a Straight fall from 10500 -9100 Level a Fall of almost 1400 Points.
Bank Nifty should always be traded with DISCIPLINE as its quiet volatile and give trending moves.
The fall in BN is attributed to Rise in NPA(Non-Performing Assets) with Economy slowing down and Interest Rate Cycle at its peak.
Banks need to keep additional cash …