• Bottom is yet away!

    Bottom is yet away!

    Hello Readers! Finally after a long break am back to my blog. Nifty has crossed 10000 mark in pretty short time and so the correction which has kicked off is gonna be more sharp and deep from current close of 9837. Lets have a look at the Nifty daily chart! So …Read More »
  • Tata Steel yet to start a rally

    Tata Steel yet to start a rally

    Tata Steel has shown some fantastic momentum in recent years and now investors who have missed the move are waiting for a correction or feels the stock is overvalued. But lets talk about the stock technically again! In my last post on Tata Steel at “Still avoiding Metal Stocks? Not …Read More »
  • 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 »