Trading Ideas
Buy Tata Steel above 659 for a target of 665 and 677 Support is there at 640 and 628 Doji formation on daily charts and indicators are oversold on charts Short at 415 for a tgt of 400 and 392 SL 420
Yearly Archives: 2010
Nifty Technical Outlook
Nifty made a new 52 Week High @5329.55 levels but bulls were unable to sustain at higher levels. Last Week we saw Bulls facing resistance at 5330 levels and than reversing from that now 5330 if not crossed now will become double top and can be a bearish sign. For authentic breakout of this upward… Read More »
NMDC Technical Analysis
NMDC has been in news for all wrong reasons in coming few days and stock took severe beating starting from 500 levels to around 280 odd levels in around a month time frame. Looking at the daily chart of NMDC stock looks quiet oversold on charts and bounce back to the channel top is immmenient.… Read More »
Nifty Weekly Technical View
Nifty Weekly Technical view is present as below: 1. Market are showing good strength and trading well above 5 EMA. 2. RSI is showing negative divergence 3.Nifty is very near to its 52 week high of 5311 and facing quite a high resistance at 5290 4.Nifty is moving in a channel and will find support… Read More »
More Intrest on Savings Account
Hi all, Coming 1st April there will be a change in method of calculation of interest on your savings account as directed by The Reserve Bank of India. Lets first understand how Banks Calculate Rates currently on your Saving Account 3.5 per cent per annum or 0.29 per cent per month on the minimum balance… Read More »
Patni Computer @Higher top formation
Patni Computers is forming Higher top formation on daily charts and taking trend line support as shown in the charts Attached. Stocks is facing a tough resistance around 530-34 zones and if that levels got crossed we may see a quick move to levels of 542 and 549. Support for the stocks comes around the… Read More »
Nifty Technical Outlook
Nifty managed to show some good up move today after 6 days of consolidation pattern.Now if we count the waves we come to following conclusion when we see the above Chart a leg = 5092 to 5137 = 45 points b leg = 5137 to 5096 = 41 points c leg = 5096 to 5158… Read More »
Chennai Petroleum Technical Study
Chennai Petroleum has been consistently making higher lows (as can be seen in the chart above). It was trading in a range for the last few weeks and has made multiple tops between Rs.253-256.50. The stock seems to be breaking out of this range and looks set to head upwards in the days to come.… Read More »
Advance Decline Ratio
The advance/decline ratio (A/D ratio) shows the ratio of advancing stocks to declining stocks. The benefit of using the advance/decline ratio is that it is a constant number, Interpreting Advance Decline Ratio Interpreting the advance/decline ratio can prove to be a difficult task. The ratio will move erratically and on quick glance it is a… Read More »
Day light Saving Time 2010 begins today
Daylight Saving Time begins today , On Sunday, March 14, 2010 at 2 a.m., Daylight Saving Time begins in the United States.The phrase “Spring forward, Fall back” is best and it will help people understand that during spring the keep the clock one hour ahead and in fall they keep the clock 1 hour back… Read More »