The Sensex continues to test resistance at 9500, influenced by positive sentiment in the US. Breakout would offer a target of 10500, while respect would test primary support at 8500. Twiggs Money Flow (21-Day) reversal above zero would signal buying pressure. In the long term, the primary trend is down and reversal below 8500 would… Read More »
HI All Nifty is poised to open gap up tommorow BUt levels to be watched are 2889 and 2905 on closing basis VIX index has broken out of range and is above 50 which is danger sign for bulls TRIN and SCO widget have been addedSCO if above 98 is definatley a short and near… Read More »
The Nifty (Sensex) is in the process of completion of its correction from the 6200 (21000) levels. It seems currently to be in acontracting triangle formation (lower tops & higher bottoms), the chances of which favour a downside breakdown with target marginallysouth of 2000 (7000). This move should happen by April 2009.Broader moves occur in… Read More »
Weekly charts are showing Inverted H&S, Engulfing weekly candleIt shows an up move if we are able to close above 2900.Weekly Support 2720-2660, Weekly Resistance 2950-3040-3100Nifty is strong and week above 2810
Gap Trading is a bit controversial since everyone has a view about how to trade what kind of gaps. Here is a article which seemed to explain in detail about one of the ways to trade Gaps.The framework of the ‘rule’ has two phases: 1. The market generally will close at least 50% of an… Read More »
TO MOST casual observers, the fact that the Dow Jones Industrial Average (DJIA) has bounced back every time it dipped below 8,000 points (see attachment) over the past few months – even when there is bad news – suggests that the 8,000 mark is where the ‘support’ or the magical ‘market bottom’ lies. This means… Read More »
Nifty is forming a Ascending triangle Now needs to be which side we will break out above 2854we can touch 2902 and 2930 and downside belowwe will find support at 2720 and 2702 and 2665 Below that 2500 and we will break the trading range.Lets see whats is in store for us Time will only… Read More »
The Dow respected resistance at 8400, signaling selling pressure, and is now testing support at 7900/8000. Declining volume indicates that support is weakening. Failure would signal another test of the November low of 7500, while respect of support would again test 8400. In the long term, breakout below 7500 would offer a target of 6000;… Read More »
Hi all Was very Busy yesterday not able to post weekly calls Hope u all are happy with sms service. Nifty Bullish set up which was formed yesterday all went in wind as today due to week global cues Nifty went down almost 3%.Now as from my previous chart Nifty is making lower Highs and… Read More »
Virtually everybody who butters their own bread is outraged that Wall Street, which is becoming a de facto government agency thanks to billions in bailout money, found $18.4 billion in bonuses for bankers who nearly wrecked the world’s financial system in 2008. President Obama’s criticism – “shameful” – is mild compared to what many of… Read More »