Nifty Weekly technical View 18-22 May
Be ready for a Big Bang on Monday and first time in my life i may see UC on Nifty which is at 3970.
Be ready for a Big Bang on Monday and first time in my life i may see UC on Nifty which is at 3970.
Nifty took support @3550 and bounce upwards but unable to cross 3635 Now we face an immediate resistance @3616 which is 5 EMA and after that 3637 We have formed tripple top around 3710 levels so lets see is we are able to breach that or not.All depends on outcome of election results. The 10… Read More »
Welspun Gujarat seems to be locked in a range from110 to 118. Today’s fall was with lower volumes Also a positive divergence was visible in Win%R (14),Oscillator So one can initiate long above 119.1 with a sl around 114.Buying can also be initiated near 109 if it opens gap down tomorrow.
Click on the Image to enlarge
Many investors may be confused whether the current stock market rallyis a bear market rally or a bull market rally. The fund managers havevoted for the bulls, while the economists are distinctly bearish. Thefund managers may have a vested interest in market movements. Theeconomists supposedly do not – but neither do they bet millions ofdollars… Read More »
Its politics and only politics which seems to have a firm grip on the market sentiments. At this point of time, nothing else matters. The lacklustre market is not really looking for any triggers at this juncture as it knows, nothing will work. Hence the IIP data which came in today was a virtual non-event.… Read More »
Nifty has again shown an support at 13 EMA.Now we need to watch out if it hold this time or not. One can see this fall as an gap filling as we have a gap left due to huge gap up we saw on 4 May. Please also have a look at Nifty Range prediction… Read More »
Hi All, Hope you all had a rocking week,All calls achieved the tgts and Option call 3500 PE also gave good returns. Previous Week Trading Stratergy Now coming to current week now Nifty is facing strong resistance at 3720 Levels and finding it difficult to cross but good thing what happened last friday the levels… Read More »
Hi All, 3819 Is a Strong resistance as of now coz it is a 38.2% retracement of fall from 6357 to 2252.75.So longs are advised only above 3820.
Hi All, Hope you all made good profits from our Nifty Intra Day Strategy(Click on Link to Visit the Post) At 2:10 3 EMA was below 13 EMA and 34 EMA Right time to enter short we entered and made good profits. For Nifty RT Charts please Click on Link to visit Nifty Intra Charts… Read More »