Fibonacci technique Fib retracements Fibonacci Ratios are drawn in above chart from 4555-5633 showing Fibonacci support and Fibonacci resistance. 5945Fibonacci resistance on Weekly basis Fibonacci fan As discussed earlier Fibonacci fan helps in finding potential tops and Bottom of market from short term prospective. If we see the chart closely with Fibonacci fans 5930-5945 is… Read More »
The market was buffeted by strong gusts of news-flow last week from political drama. First Mamata Di’s no confidence motion kept traders on edge and disruption and no functioning of parliament was a double blow to market sentiments.With a slew of bills on economic reforms slated for passage in the winter session, such adjournments are… Read More »
Nifty Fibonacci Retracement Nifty Fibonacci Retracements from 5214-5815 are drawn in above chart,Major support at 50% retracement at 5514 and Resistance at 5585. Nifty Fibonacci Fans As discussed earlier Fibo Fans helps in finding potential tops and Bottom of market from short term prospective. If we see the chart closely Nifty has formed a swing… Read More »
Wishing all Site readers a Happy and prosperous Diwali. Last year has been profitable to Indian Equities with Nifty up 8% since last Mahurat trading sessions and Index is up 20% Year till date.There is optimism in the air with the Sensex up 8 per cent since last Muhurat trading day. Trading will be subdued… Read More »
Next week promises to be action packed week as 5 heavy weight SBI, ONGC, Tata Steel and Coal India comes up with their results.US also goes down for election on Tuesday. Mahurat trading is only 6 trading session away and as seen from past Historical data Nifty tends to give 5-6% move pre or post… Read More »
Equity markets had a tranquil week as Nifty continue to move in sideways mode,ended the week on a flat note.October Derivative expiry also was unable to move market out of its slumber state and November Expiry started on profit booking mode but Nifty continue to trade in range of 5635-5725. Next Week Key events are… Read More »
Nifty made the top at 5815 in September,Flash crash occurred hurting the sentiments and Nifty made a 100 Points range 5635-5725 and since has been oscillating in that range from past 8 trading sessions.The law of moving average always suggests when get heavily loaded on a single side consolidation is the name of game, So… Read More »
Flash Crash Nifty has been dramatic and opens a can of worms on how vulnerable are capital markets to human error where a dealer punching a wrong number can lead to a900 point fall in Nifty and a algorithm going berserk can cause a 440Millon $ loss to Knight capital in US (Happened on 22… Read More »
Nifty ended the Q3 with a positive note and a fresh 52 Week high of 5735 but we are entering Q4 with some bad data which came out today. Current Account Deficit came in at 3.9% of GDP against an expectation of 3.3%. Indian Rupee closed at 52.69 almost at 6 month high on sustained… Read More »
1. FII bought 21938 Contracts of Index Future,worth 644.96 cores with net OI increasing by Huge 96896 contracts. 2. As Nifty Future was up by 1 points and Open Interest in Index Futures increased by 96896, FII created fresh longs Index Future longs in Nifty and Bank Nifty Futures.Also do note FII are basically… Read More »