• Nifty closed below two strong supports!

    Nifty closed below two strong supports!

    Nifty Continued with is volatility throughout the week but Evening star pattern on Weekly charts and Bearish Engulfing pattern on daily chart which i mentioned in my last post : “Nifty near to triple Support” are still Valid.  Additionally , Two supports out of three which were crucial for the week …Read More »
  • Nifty near to triple Support

    Nifty near to triple Support

    Nifty has been pretty range bound since last two expires with slowly pinching new high but since this monday we have got some signs of profit booking. Since my last two posts i was awaiting a small profit booking on the index and finally this week has given some strong …Read More »
  • After daily chart, Weekly follows for bearish reversal on Nifty

    After daily chart, Weekly follows for bearish reversal on Nifty

    Nifty had been quite volatile in last few sessions between 9400-9500 but during this course, as as expected in my last post: Is Doji Indicating a false breakout? , Doji did confirm bearish reversal pattern “Evening Star”  on daily chart. What did confirm Doji? ….Red candle on 18th May which closed 50% below green candle just prior …Read More »
  • Is Doji Indicating a false breakout?

    Is Doji Indicating a false breakout?

    Nifty managed to close above 9500 for the second day which made some traders over confidence for some more long trades…but STAY CAUTIOUS! In my last post (Range volatility expected but find sector specific moves) i mentioned to WRITE  9200 PE and 9500 CE , surely you might be in loss for M2M in CE …Read More »
  • Range volatility expected but find sector specific moves!

    Range volatility expected but find sector specific moves!

    After a long time got something to write for Nifty as until last week we were trading strictly in the range of 9000-9360! Finally, this week we got new high 9450 and managed to get life high weekly close. Banking sector was leading markets with PSU Banks outperforming as i had predicted on 25th April in …Read More »
  • 100 days report card not satisfactory!

    100 days report card not satisfactory!

    In the year of 2016, Equity markets around the globe were having a Roller coaster ride with a rally in start of the year in anticipation of good economy growth around where bars were raised of Global economy growth. But then BREXIT referendum in June mashed up with the rally …Read More »
  • Still some more time to have trust in PSU Banks

    Still some more time to have trust in PSU Banks

    Markets had been pretty range bound since the UP election results were out in mid-march, but finally we gave a breakout today and closed at new life highs. Who has led the breakout? Banking Sector! So lets talk about Nifty bank in my today’s post. As we all could notice in …Read More »
  • Was it a Wave 4th truncation today at 9120?

    Was it a Wave 4th truncation today at 9120?

    Nifty has been in consolidation since UP election results on 14th March which is almost a month now. We have been consolidating strictly between 9000-9250 but with strong stock specific movement. On the other side Nifty Bank has been out performing by holding 21500 level since quite a long time. …Read More »
  • Can INFY loose its decade old rally?

    Can INFY loose its decade old rally?

    Earning season for last quarter kicked off today with Infosys announcing results lower than market expectations. Its top line grew mere at 9.7% approx last year against more thn 17% growth for a decade before. Looking at such disappointing numbers i feel its all over for front line IT stocks …Read More »
  • Friday was just a speculator profit booking

    Friday was just a speculator profit booking

    Nifty has been on a dream run since start of 2017 but Friday’s last 30 mins shook long term traders and many of them squared-off longs in fear .After studying fall on chart , it seems it  was just a speculator’s profit booking as still we havent got any clear pattern of strong …Read More »