Nifty Hourly Nifty hourly chart above had support at 5320 as discussed in our previous posts also proved to be the support in today fall. Stock bounce in morning and started coming down as soon as 5378 got taken out. Indicators are oversold but trending market it really does not matter. An Indicator can remain… Read More »
Bank Nifty Bank Nifty closed above the crucial trendline support and level of 10545 should be held for upmove in bank Nifty in coming session. Stoch is in oversold zone but still no Buy is triggred. Holding 10545 will give strength to upmove till 10900 levels. Below 10545 levels Bank Nifty can easily slide till… Read More »
Nifty Hourly Nifty is set to Open Gap Down of 80 Points as per SGX Nifty (Click on Link to See SGX Nifty Rate ). Global markets are correcting on lower growth forecast and Weak Fragile economy of developed markets. Trader should trade with the trend and never fight the market to protect his most… Read More »
BHEL BHEL has been awarded the 9 th most innovative company in the world. Results were a disaster set of numbers and market punished the stock. Stock broke the crucial support of 1890 and went down to fill the gap made in may 09. After the fall BHEL is consolidating in a range taking a… Read More »
Reliance Reliance the Poster Boy has been under bear hammering from past few days. Stock is breaking its important support levels inspite many positive triggers of BP deal. Technically Stock is very week and currently trading trading its 52 Week Low. Looking at Daily charts Stock is a falling knife and should not be taken… Read More »