Just noticed that Bramesh Tech got 1 Million Hits in a span of 1 year in launching the site. I wanted to announce this milestone and take a moment to thank all the readers who continue to motivate me to keep writing, researching, and posting. As any fellow financial blogger will tell you, it’s not… Read More »
Nifty Daily Chart Nifty Daily chart post a grim picture we have broken 200 DAM and sustained below it for 2 days.Medium trend charts shows break in trendline from the rally started at 5460 levels to 6100. RSI is oversold and MACD is also giving bearish signal.Whole street is bearish and looking at the way… Read More »
Nifty Hourly Chart Nifty Hourly chart are in oversold zone and a fierce bounce can come which can take indices back to 5709 levels which is middle bollinger band. On hourly chart RSI and STOC are in oversold region. If we continue fall we can see levels of 5500 on cards where we can see… Read More »
Nifty Daily Chart After 2 Weeks Nifty was able to show some green tick on weekly charts after a roller coaster trading with a gain of meagre 0.74%. As seen in Daily chart Nifty in short term is trading in lower down trending channel while long term trendline is still intanct on Daily chart which… Read More »
Nifty Hourly Chart Nifty Hourly chart is showing a trading range of 5630 – 5750 levels As shown in chart break on either side of range will give a breakout and some quick points can be minted. Buy above 5750 Tgt 5771,5761,5803 and 5825 Sell below 5692 Tgt 5655,5630,5606 and 5550 Nifty Daily Chart Trading… Read More »
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 »
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 »
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 »
Nifty Daily Chart Nifty is forming ascending triangle on daily chart which is a bullish breakout pattern. It is moving near to upper trend line of the triangle and expecting a breakout on upside in near term. Resistance at 6,025 (50 DMA) while Support stand at 5920 (20 DMA). On upside if level of 6,040… Read More »