Nifty Hourly Nifty Hourly Chart as discussed in Previous post 5600 should be crossed and sustained for further upmove. Nifty crossed the levels briefly but was unable to sustain the same.Reliance AGM was a reason for market to correct 😉 5600 becomes psychologically more significant level. As Seen from Hourly chart on Downside we have… Read More »
Mphasis Mphasis after 27% fall on bad results during the result season has unable to recoup its losses. Technically looking it looks poised for breakout above 485 levels for short term. Indicators are showing short term strength. Buy above 485 Tgt 491,497 and 505 Nifty Hourly Nifty as expected gave a bounce back from… Read More »
Nifty Hourly Chart As seen from Hourly Chart Nifty was unable to cross 5600 which is the swing high before the previous fall. Negative Divergence was observed in RSI but we would require a price confirmation of the same. Nifty was able to cross over 5565 the Fibo resistance which is a booster to Bulls… Read More »
Nifty Hourly Nifty Hourly charts as discussed before 5510 was the main resistance and break above that made nifty to close above an important short term resistance of 5555. Now nifty is entering into another zone of resistance which was previously the swing high of 5601 which needs to be crossed and 5590 levels where… Read More »
ICICI BANK ICICI bank broke out of its falling wedge pattern which is a bullish pattern. Stock has been taking support around 994 levels and giving decent bounces.Stock is approaching another major resistance of 200 DMA @1084. 200 DMA is defining lines between Bulls and Bears Move above 1084 will make the stock to enter… Read More »
HDFC HDFC has been taking support from its short term rising trendline(drawn in Red) around 635 Levels.Blue Line drawn shows a classic example of support becoming resistance. MACD has generated a Buy and RSI showing postive divergence. Buy above 663 Tgt 669,680 and 690 Sell below 635 Tgt 626,617 and 610 Bharti Airtel… Read More »
Nifty Hourly Chart Nifty Did a U-Turn again and took everyone by surprise on its move on Last thursday. This move shows highly unpredicatble nature of market. Market always follow the path of Least Resistance On Hourly chart market has broken the downward trending trendline as Shown in chart. Next level of Resistance comes @5510… Read More »
As mentioned in Earlier Article, trading is not about the big winners but the small consistent winners that add up over time to become very impressive annualized returns. For example, if you use a strategy that produces a 10% monthly net return, that translates into an annual return of 120%!.Means Doubling your money in… Read More »
India VIX VIX is the fear factor it and it signifies the the market volatility and prone of falling. VIX has inverse correlation with Nifty.ie. If VIX rises Nifty falls and vice versa. Live VIX CHART(Click on Link to see Live VIX chart) As seen from above chart VIX is trying to cross 200 DMA@21.… Read More »
Bank Nifty Bank Nifty is trading at a very crucial junction and on verge of breakdown from Flag and Pole pattern. Bank Nifty is trading end of lower end of and break of 10338 will lead to big downfall in Bank Nifty. Market was consolidating yesterday and adjusting the oversold short term pattern. Stochastic is… Read More »