HI All First of all i would thanks AR for Slum dog Millionaire Fame and the first India to win 2 oscars Now on markets Nifty is week Below 2660 as shown in charts below and in this exipry week i see nifty in the range from 2720-2860.All asin and Europe are in green on… Read More »
The Dow’s long tail and strong volume Friday indicate buying support. Expect a test of the new resistance level at 7500. Respect would confirm the bear trend, while penetration of 7500 would warn of a possible bear trap.
Click on the Image to Enlarge 2720 was held on closing basis Now expiry should happen in the range 2750-2860. Dow has also shown a Good Buying on Volumes which can see back to 7500 Levels
A 2 year chart of the Euro/Dollar is shown on Right Side. Notice how it deteriorated since last August. This morning, it was falling and is now $3 away from its recent low. A break below the $123.27 low would be have a very bad prognosis for Europe, its banking system, and its economy.
Nifty has broken out of ascending Triangle Range Now Support comes at 2733 2696 so get ready for another Volatile session tomorrow SCO is at 10 so keep booking ur shorts and wait for confirmation to buy Longs If 2720 Breaks Fall is accelerated2600 Puts up 300% more to come RIL has support at 1248… Read More »
The markets are down, which is not so good. Oil prices are down which is good. The rupee vis-s-vis the US dollar is better which is also good. Inflation is down, which is excellent. Economic growth is down, which cannot be helped. But gold is scaling new highs everyday, now that is a real shocker!… Read More »
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As visible from the Data NSE 5-Day Simple Moving Average 2924 NSE 21-Day Simple Moving Average 2820 NSE 5-Day EMA 2911 NSE 13-Day EMA 2870 NSE 21-Day EMA 2860 SO as per the analysis 2860 and 2870 will provide support and if that is broken than 2820 and 2790Get ready for a bear Hug
West Texas Crude is testing the band of support between $33 and $35/barrel. A close below $35 or intra-day break below $33 would warn of a down-swing to test the 2003 low of $20. The target is calculated as 35 – (50 – 35).Spot gold broke through resistance at $930, indicating another test of $1000.… Read More »
Reliance Bears are again getting an upperhand Entering in its resistance zone of 1400-1425 today also unable to cross MACD and Bollinger Band are in upper end of range Stocks should show a Breather and still in a range of 1240-1425 either one should break on lower side Can be shorted with 1425 as Sl… Read More »