Light volume on the Dow indicates a lack of buying support at the lower border of the recent consolidation. Bearish divergence on Twiggs Money Flow (21-Day) warns of reversal of the bear rally of recent months. Breakout below 8200 is expected, signaling a test of primary support at 6500. Reversal above 8600 is unlikely, but… Read More »
Bharti Airtel has filled the gap which was formed on 18 May from 811 to 881 and today took support at trend line. It took support at the Middle line of Boolinger Band ADX is still positive indicating the trend is strong RSI has cooled off MACD still in Buy zone Keep all the above… Read More »
HI All, After the Euphoric mandate given to UPA by the People of India Stock markets rejoiced and created History by hitting circuits twice in a Day.After the Historic day we were consolidation in 4167-4300 range for the rest of the Week.Now the Bears are completly white washed and probably there are few shorts in… Read More »
India today is one of the fastest growing economies with a compounded annual growth rate of 8.6% in the last three years. Indian economy, Asia’s fourth largest, grew at a rapid pace of 9.3 per cent during April-June of 2007 after a 9.4 per cent expansion in the entire 2006-07. Industry The economic acceleration has… Read More »
Nifty after having a Historical Stat of the week has come under pressure and is bleeding from past 2 days.Now what next for Nifty Nifty looks week below 4200 and closing below that can see more weekness and gap is also left to be filled from 3800-4200. Nifty Pivots Support is at 4167 4123 4047… Read More »
The S&P 500 retreated from strong resistance at 940 and is similarly consolidating in a narrow range on low volume. Reversal above 900 would signal another test of 940, while breakout below 880 would test 830. In the longer term, the bear rally is expected to fail. Twiggs Money Flow (21-Day) reversal below zero would… Read More »
Markets are unpredictable,Proved once again. UPA getting a clear mandate withotut left was game changer and the way in which the markets behaved on opening trade on Monday morning further reiterated this fact. If the UPA’s win was historic and exemplary then the opening trade of Dalal Street today morning was even more historic and… Read More »
Hi All, UPA gor a clear mandate and Left Party are left out,A real booster for Bulls.Lot of fund managers retailers were waiting for a Golden Dip to buy but markets are supreme and have befooled us again. Tommorow Nifty is poised to open with a Huge gap up and if 3820 is crossed which… Read More »
Like circuit limits on individual stocks, there are restrictions on the movement of indices (Sensex and Nifty). There are 3 types of circuit limits 10%,15% and 20% limits. These circuit limits are applicable for the movement of the indices either in positive direction or in negative direction. Trading in both the exchanges will come to… Read More »
The 15th general election has returned UPA to power. Clearly in a show ofpositive selection, much beyond the most optimistic media projection, theCongress led incumbent UPA got an overwhelming majority and are all set toform the next government without any support from the Left parties. Also theUPA has the option not to rely on support… Read More »