Bears kept ruling the Dalal Street for 5 week in row as Sensex and Nifty closed at 2013 low, with Nifty closing with cut of 2.2%. Union Budget got a Thumbs down from the market as it did not meet the market expectation. The sharp plunge in mid- and small-cap stocks on rumours of pledged… Read More »
Bears kept ruling the Dalal Street for 2 week in row as Sensex and Nifty closed at 2013 low, with Nifty closing with cut of 1.5%, Mid Caps and Small caps got deeper cuts of 3% and 4% respectively. Economic data was not so encouraging with Goverment lowering GDP estimates and SEBI’s mandated minimum public… Read More »
RBI delivered what market was expecting cut in Repo and CRR but Nifty has been down from past 5 trading session. As the rate cut had already been factored in by the markets and profit booking followed. Many traders were surprised the way Nifty behaved, market always behave irrationally and its always better to trade… Read More »
Fibonacci technique Fib retracements Fibonacci Ratios are drawn in above chart from 5548-6021 showing Fibonacci support and Fibonacci resistance. Close above 6021 will target 6130 and support now exists at 5920 Fibonacci fan As discussed earlier Fibonacci fan helps in finding potential tops and Bottom of market from short term prospective. If we… Read More »
Fibonacci technique Fib retracements Fibonacci Ratios are drawn in above chart from 5548-5965 showing Fibonacci support and Fibonacci resistance. Close above 5965 is required for a breakout and support now exists at 5871and 5823. Fibonacci fan As discussed earlier Fibonacci fan helps in finding potential tops and Bottom of market from short… Read More »
Fibonacci technique Fib retracements Fibonacci Ratios are drawn in above chart from 5548-5965 showing Fibonacci support and Fibonacci resistance. Close above 5965 is required for a breakout and support now exists at 5805 and 5756. Fibonacci fan As discussed earlier Fibonacci fan helps in finding potential tops and Bottom of market… Read More »
Fibonacci technique Fib retracements Fibonacci Ratios are drawn in above chart from 5548-5965 showing Fibonacci support and Fibonacci resistance. Close above 5965 is required for a breakout and support now exists at 5805 and 5756. Fibonacci fan As discussed earlier Fibonacci fan helps in finding potential tops and Bottom of market… Read More »
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 as discussed last week. Nifty made a High of 5949 fall back all way to 5839 before recovering till 5907. Still 5953 will be a tough resistance to cross. … Read More »
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 »
Fibonacci technique Fib retracements Fibonacci Ratios are drawn in above chart from 5217-5815 showing fibonacci support and fibonacci resistance. 5585 was broken but nifty closed above 5585 on Weekly basis . fibonacci resistance comes at 5652-5672 range. Fibonacci fan As discussed earlier Fibonacci fan helps in finding potential tops and Bottom of market from short… Read More »