Highlights of Economic Survey 1. FIIs sold 25 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 1.4 cores with net Open Interest increasing by 38839 contracts.FII has done rollovers yesterday and will trade heavily in March segment tommrow. 2. General Budget of 2013-14 will be presented tommrow at 11 AM. Lot… Read More »
Nifty charts had formed continuous Hammer Patterns on the chart. Hammer candlesticks are formed when a security moves significantly lower but bulls retraced back from those lows to reach near the open. By day end buyers were able to push prices back to the upper range creating a short body candle with a long shadow.… Read More »
Coming week will be a a crucial week for markets, as IIP-data for Feb.2010 will be announced on Monday 12th Apr, consensus estimate is 15.75% as compared to 16.7% previously. Lower IIP for feburary could prove to be a dampner. Following day on Tuesday 13th Apr, IT major INFOSYS will kick-start earning season for Indaian… Read More »
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 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 »