Nifty

#189 Nifty Update: Haathi vs Chiti

We all have forwarded funny sms Jokes of Haathi vs Chiti  but now traders are experiencing such fight on Nifty Chart. As all technical analyst could make out from my markings on chart that two “head and Shoulders” pattern are visible i.e., One being a confirmed breakout (Haathi) and Second being in formation (Chiti). That …

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Nifty

#187 Nifty Update: Bulls are still on a Vacation

Since last two sessions we have seen some profit booking on Diwali Rocket rally on Nifty. BOLT is missing bulls on the screen to tick up the index. We are seeing some sector specific movements and not one sided move which is a typical characteristics of consolidation phase. yesterday it was Pharma and IT for …

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Nifty

#186 Nifty Update: Diwali Rocket Touched 6300ft mark

Investors rocket expires at the highest point in October at 6300 which was not expected by the street but we mentioned in our Update #184 that we expect expiry 6200 and we got lil more on that. There was not much fundamental reason to drive nifty but it was pure technicial support and short recovering …

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Nifty

#185 Nifty Update: A strong breakout

Yesterday Nifty took a strong support at 6080 which was the support line in the channel which i mentioned on our fb page www.facebook.com/mavjihari After the bank policy we did revised our buying call on the page and initiated long on Nifty around 6142-6155. Bank policy was as expected so it rallyed up as rate …

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Currency

#4 Currency Update: 60.40 achieved

On 17th Oct we mentioned to Short USD and we have achieved our 1st tgt 60.40 on the next day itself  But now before activating next two targets we expect a pull back to 50 EMA near to 63.10. Indicators are also at the support zone and expect a recovery soon. As u could notice …

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Nifty

#184 Nifty Update: Rajan karega Raj

All Indians are busy planning their vacation for next week diwali but vacation for investors would all depend on Mr. RBI. Tomorrow we have a monetary policy and markets is all waiting for the results. Most of them expect 25bps hike in repo rate and 25bps in MSF which is already discounted in the market. …

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Stocks

#35 Stock Update: Bank on Some Fitness

              Market mid-caps are at attractive to valuation but we have to select few out of the pool. One of them after Dena Bank amd Adani Power which we recommend is Talwalkars Fitness. Why??? Looking first into some basic fundamentals. Sales Turnover has been gradual increasing from 66 crores …

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