Nifty Daily Chart Nifty is forming a wedge pattern as shown in charts and again it formed a Hammer formation which if preceded by a Green candel show it effect and short term trend reversal can happen. A good upward reversal should close above previous day’s high . Today FII sold 1500 cores in cash… Read More »
Varun Industries Varun Industries is in long term uptrend stock and its bull market rally from 120 to 240 was quiet notiecable and fast. Stock consolidated after making a 100% move and now is consolidating in the range of 216 and 247. Till the stock trade in the range of 216-247 trade this range. Once … Read More »
Equity benchmark indices crashed for the second consecutive week, led by a fall almost in all most all sectors wherein the NIFTY has lost more than 422 points (6.7%) in the last two weeks to settle below 5900 – another psychologically important level with the SENSEX dropping by over 1419.5 points (6.76%). Daily Chart Technically,… Read More »
By JOE NOCERA For some months now, Jeremy Grantham, a respected market strategist with GMO, an institutional asset management company, has been railing about — of all things — the efficient market hypothesis. You know what the efficient market hypothesis is, don’t you? It’s a theory that grew out of the University of Chicago’s finance… Read More »
Bullish Hammer • Direction: Bullish • Type: Reversal • Reliability: Moderate After an established downtrend • Hammer candles have a small real body that forms at the upper end of the days trading range • The candle can be either blue or red, analyst usually do not differentiate. • Lower wick at least twice as… Read More »
Nifty Daily Chart Nifty after giving the much awaited correction of 6% which took everyone by surprise when all were excepting a new life time high on NIfty. Well now much awaited correction has come and i would request you all to use this oppurtunity to buy nifty 50 scripts like tata motors,tata steel,SBI. Deploy… Read More »
MUNDRA PORT Mundra Port is forming double bottom formation which if held can see a good upmove till its 50 SMA@160 levels and if it fails to get support at 150 levels can slide till 143 levels on downside. As technical Indocators are in oversold zone bias is towards upside Buy above 151 Tgt 153… Read More »
Nifty Weekly Chart Market started the new “samvat” on negative note as benchmark indices plunged nearly 4% in the week gone by, their highest weekly loss in more than 6 months. This was disappointing specially in the light of last week’s hefty 5% rise, which took the benchmark indices very near to the 2008 highs… Read More »
Fundamental Perpective NGL Fine-chem Ltd is a manufacturer of pharmaceuticals and intermediates for usage in veterinary and human health. Company caters to various global companies to custom manufacture high quality pharmaceuticals with reliability and flexibility. Utilizing its expertise in complex multi-stage organic synthesis, company continues to expand their product portfolio with new products. Company has… Read More »
Bharat Forge Bharat Forge is in trading range from 365-390 levels and been trading in between those levels from past few trading sessions. Stock looks like it will break 390 levels as MACD is giving a buy signal STOC also in buy mode.Volume on higher end Buy above 393 Tgt 399 and 409 Sell below… Read More »