Bank Nifty Bank Nifty has corrected almost 800 as soon as it broke the Level of 10017 which we discussed in Previous post and Today made the low of 9224. Bank Nifty is Highly Oversold on Charts and Relief rally should is offing if Bank Nifty closes above 9527 Levels. WE should always respect trend… Read More »
Excitement is the first & last enemy of traders/investors. Keep a lid on it in this Volatile times. Nifty Hourly Nifty on Hourly Chart is moving in the trending channel as shown in above chart and touching the bottom on downward trendline@4800 before giving a 50 point jump in dying hours of trade on Friday. … Read More »
Bears Ruling Dalal Street with Nifty crashing to the most talked and Sacrosanct Level of 4800. I have came across many traders who have lost a fortune while trading and few people who made a fortune. Trading is a profession in which you require a Army like discipline and a peaceful mind with temperament. 90%… Read More »
Never Buy in Anticipation of Market being Bottomed out Always trade with trend. I know its very difficult to control emotion and Temptation to buy at low levels thinking it as bottom but At last you end up losing Money… Nifty Hourly Nifty Hourly is moving in the channel from High of 5740 with few… Read More »
Nifty Nifty has been grinding in the range of 5110-5197 from last 1 week and slowly the range is getting contracted to 5120 levels. Today we formed an INSIDE DAY which give an indication of range breakdown from 5010 or breakout above 5132 levels. Looking at How the Stocks in Mid Caps stock are getting… Read More »
Bank Nifty Bank Nifty is again at crucial juncture of after todays low of 10023. Bank Nifty has a pscyological support at 10000 levels 10017 to be precise. This Feb low has held during recent carnage and broke just one day during the huge hap down and Bank Nifty quicky recovered above this level. BN… Read More »
Wishing All Site Readers a Very Happy Independence Day 2011 We are living in the time where fear and doubt of reining supreme and trading in Volatile times.Hence Keep your trading volumes low as there is 80% Probability of whipsawing on both sides if you are trading on your emotions. Nifty Hourly A picture Speaks… Read More »
Nifty Hourly Nifty had a sideways day today,trading in a tight range after the Volatile session we had in last 6 days. Todays session can be termed as sideways which triggers sl for both Bulls and Bears. Looking at hourly chart we are stuck in trading range of 5116-5198 and break out on either side… Read More »
Nifty Daily Nifty Opened gap up of 100 Points yesterday Selling Pressure coming on Higher Levels and Unable to close above 5206 levels. Today we should open near 5120 levels. Volatility is at its peak and Buying in Option is not advisable. Sell Options to eat premium. Test of this upmove will come… Read More »
Are We back in 2008 Crash is what every trader and Investor is talking. Before talking about Technicals of Nifty lets me talk about some Macro and Fundamental Aspect Well this correction we are on going right now is not a 2000 deja vu reason being 1. 2008 there was lack of Liquidity in system… Read More »