WEEK GONE BYHead & Shoulders Neckline breach saw target bottom of 3800 tested as anticipated. Also Market put a surprising 10%+ pullback from lows.WEEK AHEADDouble Bottom @ 3800 signals a medium term support. Any weakness could be used to trade long now. Weekly Support 4090, Weekly Resistance 4450-4560. Nifty Strong/Weak Above/Below 4200 for the week.
Selling Excepted in Rpower Once 155 gone Gap of 142 to 147 needs to be covered so a tgt of 142 can be reached in coming sessions
Nifty can make new low in coming days and we can see a bounce from there Heavy FII selling is excepted in coming days Hold cash and enter with 25% of cash at 3700-3800 Levels.Only fill ur portfolio with large caps Reliance is a Buy around 1750 Levels UNITECH is a Value buy can see… Read More »
Globalisation today seems like a double edged sword. If we were celebrating the big way in which major FIIs of the world were queuing up to invest in the Indian stock markets and also in major projects through FDIs, today, that same investment looks like a big burden. What we used to say with pride… Read More »
NIFTY WILL SEE RELIF RAALY IN COMING DAYS BUT I STILL EXCEPT TO OFFLOAD POSITIONS AT ALL HIGHS. I HAD ALREADY UPDATED NIFTY MEDIUM TERM VIEWS IN AUGUST AND IT’S ALL WORKING ACCORDING TO AS PREDICTED HAVE A LOOK AT THIS ONE. http://brameshtechanalysis.blogspot.com/2008/08/nifty-medium-term-elliott-wave-theory.htm DOW ZONE CURRENTLY 35 POINTS DOWN CAN SEE A REVERSAL AFTER FED… Read More »
Markets with good IIP numbers , low inflation data , low crude prices are at present very attractive.Nifty view already updated http://brameshtechanalysis.blogspot.com/2008/09/nifty-view-15-19-septemberbmp.html If there is no Bail out for Lehman Brothers than we can open week and may go below 4200 in opening hours.Keep an Eye on 4156 Nifty Levels as per cash.Can see a… Read More »
Nifty has formed complete bearish H&S pattern and if neckline around 4200 is breached (two closes below 4159 for confirmation), bottoms of 3800 can be retested in short-medium term. However when everybody is talking of H&S pattern on Nifty, markets are known to give surprises when least expected. Weekly support 4159-4000, Weekly resistance 4435.
Commentary by Matthew Lynn Dot-coms? Done that. Property? Oil? Corn? Been there, got the T-shirt and nursed the losses, as well. One thing we know for sure about today’s global economy is that there is always an investment bubble somewhere. If you get in early enough, you can make a fortune riding the boom. So… Read More »
GYoY, the GDP growth for the month of July ‘08 dipped from 8.3% to 7.1% but the market celebrated this news with a spurt of gain and started recouping the losses it had posted in the morning session. Why did the glass look half full for the markets? Firstly, the IIP growth figure was expected… Read More »
NIfty today took support at 4380 twice as it was evident that smart players are buying at lower levels.But cause of concern is that FII are still selling.Today they sold equities worth 1080 Cores DII were buyes of 500 cores. Inflation will come lower as compared to previous week around12-12.20% Crude declining 102.51 as i… Read More »