Last Week we gave Chopad level of 6790, Nifty did 1 target on Downside . Next week is expiry week, Traders do not Expiry will happen on Wednesday as Thursday is a Holiday. Lets analyze how to trade Nifty for next 3 trading sessions. Nifty Hourly Chart Nifty Hourly charts has closed above its 50… Read More »
Last Week we gave Chopad level of 6711, Nifty did 1 target on Downside and 2 on upside. Next week being a Holiday Shortened week, will start with Infosys result and WPI inflation data for March 2014 at 12 noon on 15 April and CPI inflation data for March 2014 also on 15 April at 17:00… Read More »
Next week seems to be full of events which will be led by first phase of Lok sabha elections which begins on Monday , followed by IIP and inflation data and beginning of the results season with Infosys declaring its results on Friday. Recent Opinion Polls have predicted NDA coming to power, and stable government… Read More »
Nifty Hourly Chart Nifty Hourly charts has closed below its 50 HDMA, which is bearish in short term.Any close above 6510 will bring back bullishness in market. Nifty Daily Chart Nifty after breaking out of 6410 range last week, consolidated its gains in last week. Now range of 6357-6410 becomes an important support of market.… Read More »
Wishing reader a very very prosperous and happy Holi !! Nifty showed remarkable resilience,holding on to higher levels despite the sell-off in the rest of the global markets.Next week we have The Federal Open Market Committee meeting scheduled for Wednesday which will decide on Fed Taper. Also Geo political issue will keep market on the rocks.… Read More »
Last Week Chopad Level of 6160 did triggered and Nifty did its 2 target on upside, Lets analyze how to trade nifty in coming week. Nifty Hourly Chart Nifty Hourly charts has closed above its 200 HDMA, which is bullish in short term.Holding 6200 for next 5 days is crucial for Nifty. Nifty Daily Chart… Read More »
Last Week Chopad Level of 6077 did triggered and Nifty almost did its 2 target on upside, Bulls were able to protect the 200 DMA on weekly basis and also closing Nifty above 6150. Next week GDP data will be released on February 28.The stock market will remain closed on Thursday on account of… Read More »
Last Week Chopad Level of 6102 did triggered and Nifty almost did its 2 target on downside, Bulls were able to protect the 200 DMA on weekly basis and also closing Nifty above 6000. Next week Vote-on-Account, or interim budget for 2014-2015, which the government will unveil during trading hours on Monday, 17 February 2014,… Read More »
Last Week Chopad Level of 6102 did not got triggered as Nifty opened gap down, Bulls were able to protect the 200 DMA on weekly basis and also closing Nifty above 6000. Next week will be very busy, and the scheduled events should contribute to the already growing market volatility. IIP for December on Wednesday,… Read More »
Last Week Chopad Level of 6207 got triggered on Monday with gap down and achieved almost 3 target on downside.Nifty corrected 328 points,in just six trading sessions as Both Fed and RBI governor disappointed market. Next week will be very busy, and the scheduled events should contribute to the already growing market volatility. ECB Rate… Read More »