Nifty continued its upward journey fulled by FII inflows and clocked up another 3% gain for the week.After 8 days of rally Nifty finally closed in red this friday.Nifty has been on dream run taking everyone by surprise but this is how market dynamics. Market always does the unexpected . Hourly Charts On Hourly… Read More »
Nifty Hourly Chart Nifty Hourly charts are moving towards the Resistance of 5790 levels.We have seen a one sided rally from past 5 trading sessions.5 EMA and 20 SMA system on hourly has not shown any sign of reversal as of now. Indicators can remain overbought and oversold for prolonged period of time.Please remember this… Read More »
Sesa Goa Sesa Goa has been in downtrend and showing signs of reversal with a move above its trendline as shown in daily Chart.MACD has triggered a buy. Buy above 279.65 Tgt 281.2,283.8 and 288 Axis Bank Axis Bank has shown a move above 200 DMA with volumes last friday.This is big positive… Read More »
Trading is an art which requires Discipline and Control your emotions.I come across many people who wants a system which generates BUY and SELL call but my friends no system in this world can put human emotions and hence your MIND is best system. Discipline and Self Control (Fear/Greed) are the best tools… Read More »
Patel Enginerring Patel Engineering has seen a breakdown from high of rs 500 to low of 133 in matter of 1.5 years.Stock has been in news for all bad reasons and corporate governace issues. Price factors everything. Now Long term Bottoms are made in times of bad news and same apply to Patel. As seen… Read More »
Dear Readers, The Site is up and running as I had conflicts with my Hosting provider. I need to move to a new Hosting provider and I have lost all the UI of site. I am working of Restoration of same and things should get normal within this week.I will keep on updating the site… Read More »
Nifty Positional Trading System As per Nifty Trading system which can be accessed by clicking on above link Nifty has generated Buy signal after Sell was generated @5998 levels. 5 EMA@ 5482 20 SMA@ 5464 MACD is in Buy mode RSI above 50 which if hold nifty rallies The same has been verified in charts,Hence… Read More »
Nifty Hourly Chart Next week is expiry and accept lots of volatility in Nifty.Nifty expired at 5604 in Jan contract and any close above it in next week will make things bad for bear camp because of simple reason Bears will start coming into loss and Bulls even if gave a liitle bit of support… Read More »
Infosys Technology Infy moving in Range of 3040 and 3160 levels Trade the range till we do not see a breakout on either side of range. Buy near 3040 TGt 3069 3097 and 3140 Sell below 3026 Tgt 2996 and 2941 Larsen and Tubro Larsen has seen a severe bear hammeringfrom high of 2000 to… Read More »
Nifty Daily Chart Nifty daily chart showing breakdown from September levels and breaking breakout level of 5300 levels. If nifty close below this level for another 2 days we are opening gate for 5000 levels. The above chart was previous day chart when we broke the important support levels. What happened today is History again.… Read More »