Nifty

#177 Nifty update: Role Reversed!!

On our post #176 we mentioned a speed breaker at 5915 and yesterday Nifty did resisted there. Ghosh!! yesterdays close for nail biting but finally it did go with our view on bulls side. It is believed that chart discounts news before they appear on Media, and it was so true. Yesterday market recovered to …

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Nifty

#176 Nifty Update: A small breaker ahead

On our post #175 we mentioned for safe traders to go long on Nifty above 5889 and i guess everyone got a chance to go long. Fundamentally there is only one event and that is quarterly results this monthly. Technically Nifty is trading comfortably above short term and Long term moving averages. Indicators on daily …

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Nifty

#175 Nifty update: No trading Zone for Safe traders

In our last post #174, we did recommend to cover shorts which we initiated around 5988 in our post #172. We hope that most of you got 215 points on our last short call. Now its a No trading zone for the safe traders upto 5889.   Yesterday Nifty has comfortably closed above Long term moving …

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Agri Commodities

#3 Chana Update

#1 Chana Update we gave a call to short Chana Oct to traders with tgt of 3044 which has been achieved. On other hand we did ask long term investors to get into commodity upto 2983 while chana is trading below that level. We didnt mention any stop loss as the commodity is volatile. Now …

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Stocks

#33 Stock Update: Buy DenaBank

Midcap index is consolidating and just moved out to give a breakout on upper side. I just came across this stock and just noticed a interesting trendline on the month chart. The stock has been taking support at that line since 2001 and today its is trading around the same level. We would recommend to …

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Nifty

#174 Nifty Update: head scratching for Traders

Nifty has been in the profit booking mode as we expected in our post #172 Update. Our 1st tgt on downside was 5810 and it has been almost achieved with a low of 5811 on Nifty index. Markets had been pretty range bound which has head scratching for traders. Now the tgt is 5677 but …

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