Bank Nifty has been under performing Nifty from past few trading sessions and if Nifty wants to get out of the range of 6070 than we will require the help of Bank Nifty. As financial form the major component of Nifty we require there support for getting out of range. Bank Nifty Daily Chart Bank… Read More »
Nifty Long Call Initiated by Nifty Trading System [Click on Link to Know more about Nifty Trading System] Nifty spot has crossed 5 EMA over 20 SMA on upside with MACD also showing positive divergence. As stated in Post we can initiate longs in Nifty with SL of 5855 Nifty Daily Chart Nifty on Daily… Read More »
Overall during the week ended 10th December 2010, the market witnessed a steep slide, with small-cap and mid-cap stocks taking a beating on concerns over regulatory crackdown on companies indulging in price rigging and an ongoing investigation into telecom corruption scandal. We anticipated both downside and upside in below posts Nifty Ready for Bounce Nifty… Read More »
Monthly Chart 5 Monthly EMA@5750 if broken we are heading towards 5500 Nifty Weekly Analysis given on 6 dec[Click on Link and Charts to enlarge] Weekly Chart Near trendline support and there is lots of panic in market am advising all my readers to use this oppurtunity to deploy cash because bounceback will be fast… Read More »
Nifty after 3 weeks of downfall which was overshadowed by scams and technical correction. I anticipated a bounce back in coming week in last week Nifty Technical Analysis [Click on Link to Read about it] . As anticipated nifty gave a good bounce back close to 4% on weekly basis,on the news Indian economy growing… Read More »
Three Black Crows As the name suggests, the three black crows candlestick formation consists of three large, consecutive, declining candles. The formation precludes lower prices, especially after a strong advance higher. The three candles should all close near the lows of the bar and ideally each bar should open within the prior sessions real body.… Read More »
Another Scam Brewing in Indian Stock Market Central Bureau of Investigation (CBI) had questioned the top officials of the two entities in connection with an alleged multi-crore fake home loans scandal. Shares of LIC Housing Finance and Central Bank of India plunged in late afternoon trade on Wednesday after media reports suggested that the Central… Read More »
Nifty Daily Chart Nifty is forming a wedge pattern as shown in charts and again it formed a Hammer formation which if preceded by a Green candel show it effect and short term trend reversal can happen. A good upward reversal should close above previous day’s high . Today FII sold 1500 cores in cash… Read More »
Equity benchmark indices crashed for the second consecutive week, led by a fall almost in all most all sectors wherein the NIFTY has lost more than 422 points (6.7%) in the last two weeks to settle below 5900 – another psychologically important level with the SENSEX dropping by over 1419.5 points (6.76%). Daily Chart Technically,… Read More »
Bullish Hammer • Direction: Bullish • Type: Reversal • Reliability: Moderate After an established downtrend • Hammer candles have a small real body that forms at the upper end of the days trading range • The candle can be either blue or red, analyst usually do not differentiate. • Lower wick at least twice as… Read More »