Nifty

#183 Nifty Update: Madness around the Chart

Since last few updates we had mentioned a channel which was broken a day before yesterday but yesterday we moved back into channel initially in the day and closed back exactly on the verge of new support line. Nifty closed with a Dragon fly Doji but its not supported with perfect rules. Indicators have turned …

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Nifty

#182 Nifty Update: A bearish Engulfing after a Doji

A rewind button has been pressed on Nifty today after 2 days of pause. But today i feel that more weakness has been smelt around the charts. Firstly, Nifty resisted around the same levels for 3 consecutive sessions. Secondly, it gave a super slide in intraday making indicators turning in favor of bears. Thirdly, the …

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Nifty

#181 Nifty Update: Rewind or Forward after a Pause button??

Everyday you all come across “Rewind, Forward and Pause” button but since two days Nifty has pressed pause button on its level around 6200. What next?? A”Doji and spinning body” as circled in graph suggest a pause to a current trend and it could retrace or move forward (Rewind or forward) depending on the momentum …

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Nifty

#180 Nifty Update: Index in perfect channel

On our last update on #Nifty we mentioned to Hold long for risk traders and we are seeing a perfect upside angle on index. We had mentioned to that safe traders could keep a trailing SL at 6050 and it was hit but if you are lucky enough than its good for you. Anyways coming …

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Currency

#3 Currency Update: Time to Sell USD

Rupee depreciation has been the talk of the town for last few months which has been beneficial for companies and individual having reach in foreign countries. Sectors like IT and Pharma are expected to show earnings above street estimation this quarter. On last 30th October it was our #1 Currency target and we gave minimum …

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Stocks

#34 Stock Update: New Morning for Adani Power

Our new recommendation for Multibagger is ADANIPOWER. I know stock has been in down trend since a life time high of 144 but now i am witnessing some accumulation on the weakly chart around 32-34 levels and Volumes are way above avg volumes. Technically on daily chart indicators have turned Super Bullish and stock is …

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