Nifty Daily Chart Nifty after giving the much awaited correction of 6% which took everyone by surprise when all were excepting a new life time high on NIfty. Well now much awaited correction has come and i would request you all to use this oppurtunity to buy nifty 50 scripts like tata motors,tata steel,SBI. Deploy… Read More »
Nifty Weekly Chart Market started the new “samvat” on negative note as benchmark indices plunged nearly 4% in the week gone by, their highest weekly loss in more than 6 months. This was disappointing specially in the light of last week’s hefty 5% rise, which took the benchmark indices very near to the 2008 highs… Read More »
SEBI came out with a circular on 27th November, 2010 giving freedom to Stock Exchanges for choosing style of Options (European / American) on Stocks. It gives flexibility to stock Exchange to offer either European style option or American Style Options. As of Today Index Options are European Style options and all Stock Options are… Read More »
Nifty Trading System as i have discussed few months earlier generated a sell signal @6090 and still now in Sell Mode.Last time it generated a buy signal was 5473 and trade made a high of 6284,but i do not think that anyone had so till high levels and with this trading system we need to… Read More »
Nifty Weekly Chart Nifty Weekly Chart we can see A-B-C Correction happening.Well this scenario is in progress and C wave can further be subdivided into 5 sub waves and as per correction from past 3 weeks we can assume 4 wave is done and we are into 5 wave from the coming week. Nifty will… Read More »
Nifty Hourly Charts: As seen from Nifty hourly charts we are in for a bounce back which can last till 6145 levels. As most of indicators are oversold in hourly time frame we can except a decent bounce. Nifty Daily Charts As seen from Nifty Daily charts we are near 20 SMA from where we… Read More »
Nifty 5 Mins Before giving a Technical Perpective let me give a Fundamenta Perpective on Nifty As per Emkay Reaserch Report we are still having valuation Comfort and still not in Euphoric ZOne Valuation comfort: Previous peak valuations in 2007 were at 24.5x/20.4x 1FY/ 2FY EPS respectively. Current valuations are at 19.3x/16.1x 1FY/ 2FY EPS… Read More »
Nifty Daily Charts Technically, last six day’s chart of Nifty is moving under channel pattern and breakout can be either side. Nifty breached the psychological mark of 6,100 decisively on the very last day of week and managed to sustain above that, currently facing stiff resistance at 6,210-6,230 if this level breached decisively then we… Read More »
Nifty Daily Chart Nifty Daily Charts are displayed below showing the power of money dumped by FII.Its a stellar rally which Indian brouses are seeing.Valuation are moving towards bubble territory as NIfty P/E is at 25.11. FII inflow in September 2010, totaled Rs 17,499.43 crore (till 23 September 2010). FIIs had bought equities worth Rs… Read More »