The safe way to double your money is to fold it over once and put it in your pocket. Nifty Hourly On Nifty Hourly Chart Market resisted at the channel resistance @4965-76 levels and gave a quick fall. Today the Gap of 4893-4932 got filled and Hourly Indicators have become overbought. Support will come… Read More »
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 »
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 »
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 »
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 »
Wishing All Site Readers a Very Friendship Day !! Nifty Hourly It has been a dramtic turn of events the last week Europe Crashed 10-13% in a Week USA Plunging 5% in a Week and The decision by S&P, the global ratings major, to cut US’s sovereign rating by a notch to ‘AA plus’ from… Read More »
Nifty Hourly Nifty hourly chart above had support at 5320 as discussed in our previous posts also proved to be the support in today fall. Stock bounce in morning and started coming down as soon as 5378 got taken out. Indicators are oversold but trending market it really does not matter. An Indicator can remain… Read More »
Nifty Hourly Nifty is set to Open Gap Down of 80 Points as per SGX Nifty (Click on Link to See SGX Nifty Rate ). Global markets are correcting on lower growth forecast and Weak Fragile economy of developed markets. Trader should trade with the trend and never fight the market to protect his most… Read More »
Nifty Hourly Nifty Hourly formed a double top at 5522 on hourly charts on Friday trade. Double top confirms the downtrend and a close below 50 SMA@5518 confirms the downtrend. Indicators are giving positive divergence but divergence should always be confirmed with price action. On Downside 5472 and 5436 are next valid support for Nifty.… Read More »