S&P 500 S&P 500 has broken the 200 DMA on closing basis.Last time it broke the 200 DMA when USA was downgraded by Fitch and S&P had an 15% fall in matter of 2 weeks. Keep a Close eye FTSE 100 FTSE is near its Crucial support levels of 5260,Break of same on closing basis… Read More »
Last Week was a shocker from Macro Point of View as India’s gross domestic product growth slowed to 6.5% in 2011-12 (Apr-Mar) from 8.4% a year ago and Growth was just 5.3% lowest in last 10 years. From Global perceptive: The HSBC Purchasing Managers Index (PMI) for China fell to 48.7 in May from 49.3… Read More »
The Commodity Channel Index (CCI) is an oscillator originally developed by Donald Lambert, The assumption behind the indicator is that commodities (or stocks or bonds) move in cycles, with highs and lows coming at periodic intervals. The indicator is similar in concept to Bollinger Bands CCI Calculation There are 4 steps involved in the calculation… Read More »
Every trader comes in thinking they will make money, in fact if they have never traded, they probably have convinced themselves fully. They spend time looking for all the answers in charts but it is in the process. It seems like easy money. It is not easy but it is probably the best way to… Read More »
We had an disastrous GDP data out today,Q4 growing at just 5.3% slowest GDP number in past 10 years but still Nifty made a move of just 15 points made a quick low of 4882 and bounced back,So have market participants already factored in these number or was it due to expiry pressure? My take… Read More »
DLF DLF is forming a Symmetrical triangle formation which gives breakdown below 181. Sell below 181 Tgt 178.6,175.7 and 172.8 Buy above 184 Tgt 187,189.3 and 191.8 JP Associate Channel in JP Associate,with support coming at trendline. Sell below 59.8 Tgt 58.7,57.7 and 55.25 Buy above 60.4 Tgt 61.5,62.2 and 62.9 Educomp Educomp Solution… Read More »
1. FII sold 8832 Contracts of NF worth 254 cores OI also increased by 40572. 2. As Nifty Futures was down by 48 points and OI has increased by 40572 , ie Fall in Price with Rise in Open Interest,Fresh shorts were added by FII. 3. Nifty today closed below 4955 ie. 20 SMA which… Read More »
Bank Nifty Formed a Gravestone Doji pattern after 700 points upmove,Unable to cross 9783 will lead it back 200 DMA@9588,Break below 9518 will make it to hit low of 9200 Sell below 9669 Tgt 9630,9573 and 9518 Buy above 9822 Tgt 9860,9924 and 10001 Infosys Limited Trendline resistance at 2425,Break of same can lead the… Read More »
1. FII bought 9477 Contracts of Index Futures worth 216 cores OI increased by 20063. 2. As Nifty Futures was up by 6 points with OI increased by200635 , Huge Short were covered by FII. 3. INR (http://inrliverate.blogspot.in/),Click on link to get live rate during market hours closed at new low of 55.59 so the… Read More »
Reliance Industries Facing resistance at 20 SMA@703.Failure to cross the same can lead RIL to May lows of 682 Sell below 698 Tgt 694,687 and 683 Buy above 704 Tgt 706,709 and 716 LT LT is facing trendline resistance and break of 1210 will make it to move back to 1240,Failure to do the… Read More »