Nifty50 Stocks Trend / Levels & Trading Strategy for the Month of FEB 2014

ACC Cement - Bearish with Bullish Streak

As daily & weekly indicators suggest firm bullish action Targeting 1028 - 1064 - 1100 While Monthly Trend is yet firm bearish Targeting 912 - 876 

Strategy - Early week its a buy 992 - 1010 with stops below 976 target 1028/1064/1086, Later sell on the rise or above 1100 for target 992/912

Sell Stops @ 1128 Reversal target 1180/1216

Now @ 1010

Ambuja Cement - Firm Bearish  

 Daily & weekly technicals indicating bullish momentum in place or Hammering a base targeting 166 or 173 But Monthly Trend is telling a whole different story.. Bears are still in control... Hence we call it "SELL" Firm Bearish..

Sell @ or on Rises above 159 target 143.30/136.20 before heading towards 196 in the short term.

Now @ 159.15

Asian Paints - Firm Bearish 

Sell b/w 474.50 - 480 average if get 486.2 Positional Target 

460/ 448/438.5

Now @ 471.70

BajajAuto - Bearish 

Sell b/w 1904 - 1928 target 1880/1828/1802 - average Level 1946, stops 1964 

Reversal target 2008 - 2032

Now @ 1901.70

AXISBANK - Bearish With Bullish Streak

Doji on the daily technicals - Doji should alert the investor of major indecision. 

On the Weekly charts we have a Piercing Pattern followed by "The Breakaway" on the Monthly suggests Bears have maintained control.

Early week prices may test pitch higher targeting 1138 above Strong Resis & Best Sell level 1188 stops above 1242 Target 1020

Now @ 1122.95