Nifty made a new 52 Week High @5329.55 levels but bulls were unable to sustain at higher levels. Last Week we saw Bulls facing resistance at 5330 levels and than reversing from that now 5330 if not crossed now will become double top and can be a bearish sign. For authentic breakout of this upward… Read More »
Nifty Weekly Technical view is present as below: 1. Market are showing good strength and trading well above 5 EMA. 2. RSI is showing negative divergence 3.Nifty is very near to its 52 week high of 5311 and facing quite a high resistance at 5290 4.Nifty is moving in a channel and will find support… Read More »
Nifty managed to show some good up move today after 6 days of consolidation pattern.Now if we count the waves we come to following conclusion when we see the above Chart a leg = 5092 to 5137 = 45 points b leg = 5137 to 5096 = 41 points c leg = 5096 to 5158… Read More »
Chennai Petroleum has been consistently making higher lows (as can be seen in the chart above). It was trading in a range for the last few weeks and has made multiple tops between Rs.253-256.50. The stock seems to be breaking out of this range and looks set to head upwards in the days to come.… Read More »
The advance/decline ratio (A/D ratio) shows the ratio of advancing stocks to declining stocks. The benefit of using the advance/decline ratio is that it is a constant number, Interpreting Advance Decline Ratio Interpreting the advance/decline ratio can prove to be a difficult task. The ratio will move erratically and on quick glance it is a… Read More »
Daylight Saving Time begins today , On Sunday, March 14, 2010 at 2 a.m., Daylight Saving Time begins in the United States.The phrase “Spring forward, Fall back” is best and it will help people understand that during spring the keep the clock one hour ahead and in fall they keep the clock 1 hour back… Read More »
Hi All, This is the way I take free REAL Time Data from yahoo ( free of any 3rd party progs or plugins) only with amiquote and amibroker. VERY VERY IMP FIRST YOU TAKE A FULL BACKUP OF YOUR AMIBROKER DIRECTORY . This is very important. We now start with the operation Realtime Yahoo Free… Read More »
Nifty posted a good post budger tally with a weekly gains of 3.4%,Coming Week IIP data which is bound to release on 10 March will decide the furthur Trend. As of now we are in good Uptrend and 5065 is proving to be a good support for Nifty.If we take the fibo levels as indicated… Read More »
Hi All, Today i will explain one more Trading System which is known as CAMARILLA Pivot Point which will come Handy for Day Trading Purpose. Origins of the Camarilla Equation: Discovered while day trading in 1989 by Nick Stott, a successful bond trader in the financial markets, which uses a truism of nature to define… Read More »
Bramesh’s Tech present Pivot Point Calculator 4 System at one Place http://pivotpointscalculator.blogspot.com/ Use this Site for Getting the Pivots Levels Which will be useful for Your trading for 4 System. a) Pivot Pointsb) Camarilla Pivot Pointsc) Woodie’s Pivotd) DeMark’s Pivot Points Will Be providing Detail Write Up on all 4 remaining System in coming weeks