Last Week Chopad Level of 6326 showed its effect and nifty achieved its 2 target on downside. Q3 earnings season will kick off on Friday, 10 January, the day when IT major Infosys and private sector bank IndusInd Bank unveil results. Having a substantial weight in Nifty – Infosys results will be keenly watched.External trade… Read More »
Market last week has been trading in a very narrow range led by reduced institution activity on the back of Christmas and New Year holiday.Action was in Midcaps/Smallcaps as both Index were up by 3.6% and 2.5% respectively. As we approach last week of the calendar year and NAV adjustments are likely to take place.FII… Read More »
Last week Chopad level of 6187, Nifty did 1 target on downside and 2 target on upside. Last Week was roller coaster ride for Stock market traders/investor as Fed did the taper and RBI kept the rate unchanged, Both events took the market participants by surprise.The market may remain volatile and trade in a range as… Read More »
Last week was roller coaster ride for Stock market traders/investor. Market opened up with huge gap up on BJP state election victory and blue channels were saying target of 6700-6800. Correction started on same day and in next 4 trading days nifty corrected 254 points and now many analyst is calling for target of 6000… Read More »
Last Week we gave Weekly Chopad level of 6000 Nifty did the almost three target on upside.Next week will be very volatile hence traders are advised to trade with caution. Nifty monthly closing have lost the momentum as were unable to close above 6200 and Weekly charts are already in downturn and this being an… Read More »
Last Week we gave Weekly Chopad level of 6108 Nifty did the two target on upside and two targets are downside.Next week being an expiry week will be volatile. Nifty Hourly Chart Nifty once it will move above its 50 HSMA@6109,will be good for bulls in short term.Positive divergence in hourly chart will show it… Read More »
Nifty Hourly Chart Nifty once it will move above its 50 HSMA,will be good for bulls in short term. Nifty Daily Chart Nifty Daily chart took support at 50 DMA and bounced back last time also Nifty bounced from 50 SMA and moved till life highs, so will this time see another life highs.… Read More »
Nifty Daily Chart Nifty Daily chart is forming a rising wedge formation,which has broken on downside. Rising Wedge are bearish formation and we need to see follow up down move below 6100 for pattern to shown its true color. Nifty Gaps For Nifty traders who follow gap trading there are 5 trade gaps in… Read More »
Last Week we gave the Weekly Trend Deciding level as 6207 Sensex Nifty for whole 5 days failed to close above 6207 and did 1 target on downside is quiet range bound week of recent times . Nifty has formed 4 DOJI candlestick pattern in last 5 session suggesting an confusion in market participants and… Read More »
Sensex is 300 points from its all time high and Nifty trading at 3 year high, Lets analyze how to trade Nifty in coming week. Nifty Daily Chart Nifty Daily chart is forming a rising wedge formation, Pattern gets invalidated on close above 6207. Any close above 6229 will take nifty to next supply zone… Read More »