August Series Nifty corrected 5.8 % was worst series after Aug 2013 when Nifty corrected 8.8%.Nifty and Bank Nifty Bat pattern continue to show the effect as market has recovered 281 points from the low. 8032 is 38.2% retracement 8045 is gann 1×1 line and 8065 is pyrapoint resistance needs to be watched tomorrow.Strong support… Read More »
Via Goldman Sachs, China has been the epicenter of recent market concerns as global markets focus on China’s growth trajectory. Equity markets have been hit hard. The Shanghai Composite is down -43% since its peak on June 12th; with -21% of that down-move coming over the last five trading days. HSCEI is down -32% since… Read More »
Bharat Forge Positional/Swing Traders can use the below mentioned levels Close below 1131 target 1076 Intraday Traders can use the below mentioned levels Buy above 1151 Tgt 1164,1174 and 1194 SL 1140 Sell below 1131 Tgt 1120,1110 and 1095 SL 1140 JSW Steel Intraday Traders can use the below mentioned levels Buy above 872… Read More »
FII’s bought 52 K contract of Index Future worth 1023 cores ,94.3 K Long contract were added by FII’s and 41.4 K short contracts were added by FII’s. Net Open Interest increased by 135 K contract, so today’s fall in market was used by FII’s to enter long and enter shorts in index futures .Want to… Read More »
Following yesterday’s bloodbath (and the continued carnage around the world), AsiaPac stocks are lower with Japan unable to mount any sustained bounce despite every effort to lift JPY. The propaganda-fest is in full swing as Amari claims JPY is safe-haven asset and Aso denies any coordinated G7 response is being planned (which means they are… Read More »
Yes Bank Positional/Swing Traders can use the below mentioned levels Close below 610 target 589/576 Intraday Traders can use the below mentioned levels Buy above 631 Tgt 638 ,644 and 665 SL 625 Sell below 620 Tgt 610 ,595 and 589 SL 625 Colgate Intraday Traders can use the below mentioned levels Buy… Read More »
Dow Futures Down 2500 From Highs Dow futures are now well below the 16,000 level – down a stunning 2500 points from the May highs. The Dow has given up all its gain since December 2013… Nasdaq was the first to be halted at 0758ET. The Dow is now down 850 points from… Read More »
The BSE Sensex plunged over 1800 points and Nifty declined over 501 points one of the largest decline in past 5 years .Let me put the reason from both Technical and Fundamental Perceptive 1. Fundamental Yuan Devaluation Asian stocks dived to 3-year lows on Monday as a rout in Chinese equities gathered pace, hastening… Read More »
Asian Market Crashing between 2-8% Hardest hit to Taiwan Index SGX trading down 200 Points @http://sgxrtchart.blogspot.in/ Shanghai Composite crashing, now down 7% Update 2: Shanghai Composite crashing, now down 7% SHANGHAI COMPOSITE INDEX ERASES YEAR’S GAINS
Asian Paints Positional/Swing Traders can use the below mentioned levels Close above 898 target 932/953 Intraday Traders can use the below mentioned levels Buy above 881 Tgt 888,898 and 910 SL 875 Sell below 864 Tgt 858,853 and 840 SL 868 Bata India Positional/Swing Traders can use the below mentioned levels Close above 1131… Read More »