And it happened again When all Street was short and the surprise rally in spite of a pathetic IIP number which came in middle of afternoon. Let see technically what happened: Market was crashing like a pack of cards from past 6 days. FII sold just 3000 cores and people got fearful on the way… Read More »
After the recent fall, a majority are veering towards the bearish side. But, it is often observed that the market seldom does what the majority wants it to do. Looking at Nifty Weekly Charts we can see a Break of long term trendline. Can it be a whipsaw or it serious breach of Bull Market,we… Read More »
Infosys Technology Infosys will be declaring its result on 13 Jan and Stock looks precariously poised looked technically as its near 20 EMA.Stock saw a steep fall on Friday trading sessions. If Stock breaks Friday’s low 3356 breaks Stock becomes a clear sell Sell below 3356 TGt 3319 and 3268 State Bank of India SBIN… Read More »
Nifty Sold of for 4 day in a row for high of 6180 to low of 6020 which is 50 DMA. 50 DMA has a significant support for nifty and yesterday it bounced after touching the 50 DMA. On Hourly Charts we are oversold and a bounce should come either today or monday. Banks are… Read More »
State Bank Of India SBI has been falling from past 2 trading sessions with other banks and on city group 400 cores scam and banking sector as a whole is beaten down. SBI has been trading in the range 2655- 2850 and now is in lower end of the range and we are seeing positive… Read More »
JB CHEMICALS Stock forming double top @148 levels and a rising trendline which is simliar to ascending triangle formation. Break of 148 is necessary for higher tgts of 151 and 155 MACD is overbought zone Sell below 141 tgt137 and 134 BANK NIFTY Bank Nifty broke the trendline resistance and is now heading for acid… Read More »
Wishing All Readers a Happy and Prosperous New Year 2011. Nifty Daily Chart Nifty is highly overbought on Hourly Charts and a correction till 6060 can be seen in coming week as it is fibo levels from low of 5690 to high of 6147 we have witnessed in recent rally. Risk to Reward ratio is… Read More »