Nifty

#202 Nifty Update: Off-Road driving by Nifty

Nifty was driving high speed on the road and it has just slipped off the road today. As you all can notice in the chart Nifty has just breached a strong upside channel today and closed above that level. It had been facing strong resistance at this line for last five times but on the …

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Nifty Bank

#7 BankNifty Update: Super Over between Bulls and Bears

BanknNifty has banked your profits to some extent since are last post on the same i.e, Our tgts 10390/10580 has been achieved on our long call recommended on 30th Jan.   Technically Banknifty is trading weak below 100D EMA and 200D EMA which suggest a under performance compared to Nifty which is trading above both the …

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Nifty

#200 Nifty Update: Counter attack at the Border

A tough war at the Border Line of Nifty between Bulls and Bears!!! Last two session has brought some important pattern of Candlestick out which is known as “Bullish Counter Attack” as circled which is that a bears Close and Second Bull candle Close are the same level which has happened on Nifty and Sensex …

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Nifty

#199 Nifty Update: Hanging on the verge of Peak

On our #195 Nifty update we recommended tgt of 6070 on Nifty Short which has been achieved today and i guess you guys would have atleast booked some profit. Now future path on nifty looks lil bit dicey after carefully studying banknifty chart. Ofcourse Weekly charts and Monthly charts are looking still bearish but we are …

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Nifty Bank

#5 BankNifty Update: Bank's Tank's

On 15th Dec we recommended to Short BankNifty on our blog at 11366 with tgts of 10720 and 10260 of which we have achieved 1st tgt easily last week. BankNifty made low at 10333 which was just 70 points away from our 2cd tgt. Anyways No worries we will still get that tgt but might …

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Nifty

#198 Nifty Update: Evening Star on Index

Earning seasons have been lil disappointing till todays market session but than Reliance industries have presented a better than estimate results after market. TCS on other hand gave a better than expected profit but it was not able to meet its dollar guidance which banged stock of the radar today by traders. HDFCBANK and ITC …

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Nifty

#197 Nifty Update: Critical Range 6164-6328

All of sudden was drawing trend-lines on weekly nifty chart and came across two lines which are guiding nifty’s road. After market Inflation was announced which has eased with higher margin compared with last month but i guess last hour move of Nifty cld have discounted that. Technically indicators have all of sudden spurt up …

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Nifty

#196 Nifty Update: TICKET CONFIRMED

Bears have got a confirmed ticket to 5700-5900 which they booked last week wtih “Bearish Engulfing” travellers co. As you all could see “Rectangle” marked on top which suggest a perfect Bearish engulfing which is even confirmed with a lower low candle last week. As i said now bears have confirmed ticket but there is …

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