BombayBulls

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About me We help traders get a step ahead of the market in trading Stocks, Options, Futures and Forex.
Joined India Bombay_Bulls
Trade Ideas without clutter
Markets Allocation
55 % forex 13 % stocks 12 % indices 20 % other
Top Mentioned Symbols
GBPUSD 11% | 32 EURUSD 11% | 31 NIFTY 11% | 31 XAUUSD 10% | 30
BombayBulls BombayBulls USDCAD, D, Short ,
USDCAD: USD/CAD  - A Pullback Is Due - 5/15/2017
44 0 5
USDCAD, D Short
USD/CAD - A Pullback Is Due - 5/15/2017

It is not good to come to any conclusion and make definitive arguments about the price action during the wee hours of a new week, but the price action is really appealing here. When everybody is long USD/CAD then the correction is inevitable. Besides USD/CAD has ample room for the correction without jeopardizing the up-trend. Unless it starts closing below 1.32, ...

BombayBulls BombayBulls USOIL, D, Short ,
USOIL: Crude Oil (WTI) Is On A Slippery Slope - 5/11/2017
80 2 5
USOIL, D Short
Crude Oil (WTI) Is On A Slippery Slope - 5/11/2017

Crude Oil is sitting right where the resistance is i.e. 48. Now the path from 48 to 50 may not be in a straight line. Based on the price action, we are considering a quick short in this resistance zone if we get a good spike without any reason. Our short interest points have been highlighted with red lines on the chart. Oil has casted a broad range between 40 ...

BombayBulls BombayBulls GBPUSD, D, Long ,
GBPUSD: GBP/USD - Pound Is Roaring To Touch 1.4000 - 5/10/2017
38 0 4
GBPUSD, D Long
GBP/USD - Pound Is Roaring To Touch 1.4000 - 5/10/2017

If Brexit, US election, French election and announcement of UK election couldn't scuttle the GBP/USD then what else could hamper the march of Her Majesty's Quid ! We have prevailed in our dip buying strategy in pound against multiple currency pairs. When people throw common sense out of the window and price action screams of nonsensical behaviour, whether ...

BombayBulls BombayBulls NIFTY, D, Long ,
NIFTY: NIFTY Trading Strategy - 5/10/2017
138 1 6
NIFTY, D Long
NIFTY Trading Strategy - 5/10/2017

Keeping it simple will help to see the clear path. World is made up of billion variables and any one can go haywire without notice and can ruin well laid plans, so of course we will be cautious about picking the levels and keeping the risk in check but currently the path of least resistance for equities is still higher. Some of the fundamental reason for feel ...

BombayBulls BombayBulls NIFTY, D,
NIFTY: NIFTY - Not Ripe For Short Yet - 3/2/2017
135 0 3
NIFTY, D
NIFTY - Not Ripe For Short Yet - 3/2/2017

Amid fundamental chaos, how a sound technical analysis can show us the right path is clearly evident from our NIFTY trade idea published a month ago. We don't even need to touch the chart and going to post it as it is, because those support and resistance levels are still applicable perfectly. Of course, finding a good support resistance is the first step and ...

BombayBulls BombayBulls GBPUSD, D, Long ,
GBPUSD: GBP/USD - Another BIG Buying Opportunity - 3/2/2017
67 0 5
GBPUSD, D Long
GBP/USD - Another BIG Buying Opportunity - 3/2/2017

Forex market can be traded profitably both ways. If you have good fundamental bias and if you can stick with the technical levels with discipline then all those pips are yours ! Good example is GBP/USD. Currently it is offering the business both ways. Ample opportunities for short sellers as well as for dip buyers. Our bias is from buy-side and you can check ...

BombayBulls BombayBulls RUCHISOYA, W, Long ,
RUCHISOYA: Ruchi Soya Industries Ltd ( Ruchisoya ) - Patanjali Effect
47 0 3
RUCHISOYA, W Long
Ruchi Soya Industries Ltd ( Ruchisoya ) - Patanjali Effect

Ruchi Soya Industries Ltd stock ( ticker Ruchisoya ) is another addition to our 'losers becoming winner' series. Earlier we have already discussed two more stocks and their possible good upside potential, namely - Unitech and Amteck Auto. Since we have already mentioned the common rationale behind these trades in previous trade posts ( please check the link for ...

BombayBulls BombayBulls UNITECH, W, Long ,
UNITECH: Is Unitech Limited Stock A Buy? - 2/9/2017
102 0 2
UNITECH, W Long
Is Unitech Limited Stock A Buy? - 2/9/2017

There are some trading decisions you make can be filled under "Insufficient Evidence" category. Here you have to make decisions based on common sense rationale. Data centric analysis will always point towards negative bias and you will never be able to find the reason for another 50% or 100% rise in the stock next day or week or month or year later. Is it ...

BombayBulls BombayBulls NZDUSD, 180,
NZDUSD: NZD/USD - A Break Of 0.7500 Is Too Much To Ask For - 2/9/2017
41 0 1
NZDUSD, 180
NZD/USD - A Break Of 0.7500 Is Too Much To Ask For - 2/9/2017

Both antipodeans - AUD/USD and NZD/USD poses the same conundrum and that is whether to short based on global clues and central bank bashing or go long purely based on yield advantage. At times, one factor is more powerful than another. But it is foolish to go all in relying solely on fundamental factors during such skittish market. Difficult market to trade ...

BombayBulls BombayBulls AMTEKAUTO, W, Long ,
AMTEKAUTO: Amtek Auto (AMTEKAUTO) - New Possible Positive Start - 2/6/2016
88 0 2
AMTEKAUTO, W Long
Amtek Auto (AMTEKAUTO) - New Possible Positive Start - 2/6/2016

A little good news can get Amtek Auto rolling. For almost one and half year Amtek Auto stock has been scrapping the bottom near Rs. 30 level. Recently company has starting paying more attention towards debt reduction and restructuring working with Morgan Stanley and Rothschild. What would ultimately will happen is still a guess but even a slightest positivity ...

BombayBulls BombayBulls AUDUSD, 180, Long ,
AUDUSD: AUD/USD - Strong Support At 0.7600 - 2/3/2017
51 0 4
AUDUSD, 180 Long
AUD/USD - Strong Support At 0.7600 - 2/3/2017

AUD/USD 's topside was contained between 0.77 and 0.78 for entire year during 2016. So far it is very similar story like in the beginning of 2016. AUD/USD has strong start of the year by climbing 1000 pips - from 0.68 to 0.78. Thus it's natural for current uptrend to pause near the same level. Whether we will see 0.80 in coming sessions will depend upon how ...

BombayBulls BombayBulls NIFTY, D,
NIFTY: NIFTY - Defining The Budget Range - 1/31/2017
187 0 6
NIFTY, D
NIFTY - Defining The Budget Range - 1/31/2017

So far our strategy to buy NIFTY near the support levels ( first near 8000 and later 8250 ) and selling the quick bounce ( first near 8400 / 8450 and recently 8600 / 8650 ) has been fairly successful. Now in next few sessions we are going to deal with bigger variable - Union budget of India for 2017 by Finance Minister Mr. Arun Jaitley. Inexperienced traders ...

BombayBulls BombayBulls GBPUSD, 180, Long ,
GBPUSD: GBP/USD - A Pullback Is For Buying - 1/30/2017
50 0 7
GBPUSD, 180 Long
GBP/USD - A Pullback Is For Buying - 1/30/2017

Another 100 / 150 pip pullback in British Pound against US dollar is possible but we are looking forward to buy that pullback initially around 1.24 / 1.2350 level. Of course fast and furious couple of hundred pip moves in GBP/USD is very characteristic of the pound so need to keep the risk in check in case it undone everything from 1.20 to 1.27. As we mentioned ...

BombayBulls BombayBulls DIVISLAB, W,
DIVISLAB: Divis Laboratories ( DIVISLAB ) - Damaged And Deflated
143 0 7
DIVISLAB, W
Divis Laboratories ( DIVISLAB ) - Damaged And Deflated

Divis Laboratories' stock has been technically damaged by sudden burst of bubble. Only hunky-dory sector in Indian stock market which can stand on its foot is pharma after much publicized IT sector. Pharmaceutical companies stocks are like runaway trains, exhibiting near vertical rise on the charts. There is no way that this can continue forever. We did ...

BombayBulls BombayBulls BHARTIARTL, M,
BHARTIARTL: BHARTIARTL (Bharti Airtel Ltd.) - Dialing The Downside - 12/27/2
51 0 5
BHARTIARTL, M
BHARTIARTL (Bharti Airtel Ltd.) - Dialing The Downside - 12/27/2

Bharti Airtel Ltd's stock ( Ticker BHARTIARTL ) has been in sideways consolidation for roughly about 8 years from 2008 to 2016, with a broad range of 240 - 440/480. We have traded this range successfully with simple sideways trading strategy where you buy at the range support and sell near range top. But this time we are less inclined to get involved, at least ...

BombayBulls BombayBulls NIFTY, W,
NIFTY: We Want It ALL And We Want It NOW - Indian Govt. - 12/26/2016
186 0 7
NIFTY, W
We Want It ALL And We Want It NOW - Indian Govt. - 12/26/2016

When it is tough to believe anyone, people start acting on rumors or "misinterpretation" or whatever you want to call it. Long-term capital gains tax for the stocks investment in India is zero-nada-zilch. It means, if you buy some shares of xyz company and hold it for more than a year - 365 days - then when you sell that stock for profit, you don't have to pay ...

BombayBulls BombayBulls EMAMILTD, M,
EMAMILTD: EMAMI LTD (EMAMILTD) - Double Top Firmly In Place - 12/23/2016
37 0 5
EMAMILTD, M
EMAMI LTD (EMAMILTD) - Double Top Firmly In Place - 12/23/2016

A general tide has lifted all the boats and now when it's ebbing, to borrow Mr. Warren Buffet's phrase - we will soon find out who is swimming naked. Many stocks have gone from ridiculous to insane levels and they are bound to come crashing down. Emami Limited's first test will be at 900. That support may not hold during the thick of the things and we are more ...

BombayBulls BombayBulls NZDUSD, M, Short ,
NZDUSD: NZD/USD -  Evaporating Yield Advantage, Part II - 12/22/2016
41 0 7
NZDUSD, M Short
NZD/USD - Evaporating Yield Advantage, Part II - 12/22/2016

Yesterday we talked about how AUD/USD is going to suffer from rising US dollar and also mentioned the reason for AUD/USD to remain pressured. ( Please check the link ) Similar argument can be made for NZD/USD too. Many hated the rise from 0.6500 to 0.7500 and tried to short it in vain. To stick with the short US dollar stance, we were long NZD/USD too ( which ...

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