Nifty

#173 Nifty Update: rally is just the short covering

On our post #172 on Nifty we mentioned to Short index and we are still have status quo view. This rally could be just a intermediate covering. We expect this rally to pause near to 5974/6000/6025. DONT BUY positional  but consider this rally to short for those who had missed last time. Stop loss to our …

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Agri Commodities

#1 Cotton Seed Cake Update (Cocudakl)

Cotton Seed Cake (Cocudakl) December expiry is trading at a string support line which has been tested twice before in last 3 years. With Some simple logic it is trading in a upside channel as you could notice in the attached graph. Currenctly it is at the downside line or you may say at the …

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Nifty

#172 Nifty Update: Time for some profit booking

RBI governor did surprise markets as traders were expecting a status quo but he did raise repo rate. May be it is the right step has increasing inflation is a concern for our country and even technically it was time for some profit booking on the charts on Nifty. We have got a good thousand …

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Agri Commodities

#2 Chana Update

On sept 17th we did mention traders to Short chana with the tgt of 3100 and 3044. We have got the first tgt and just few points away from the second tgt. On other side first level of buying for investors at 3103 has also been achieved. Now the daily chart is in the consolidation phase, …

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Nifty

#171 Nifty Update: Nifty was Drunk

Nifty had a great party and was drunk completely today. My tgt was 6150 on Nifty and it was almost achieved with high of 6142. A day before yesterday i did mention to go long on Nifty and now we are dicey from here. Technically we are expecting a small correction but other side it has …

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Nifty

#169 Nifty Update: reacts as expected

Nifty was pretty sticky around yesterdays close during few hours of trading today. As i had mentioned on our twitter today morning 5842 was strong support and we did got a chance to go long at the same level. We did recommend to go long yesterday at our blog and we hope your are holding …

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Nifty

#168 Nifty Update: crucial Support

Nifty has been taking strong support at 5 EMA at 5827 which i consider to be a crucial avg for a week trader. These 2 days are crucial for DOW as FOMC meet begins. Tapering is expected to be almost $10billion. We all must wait for the result tomorrow. But chart patterns suggest a 70% …

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Agri Commodities

#1 Chana Update:

Chana has found bottom around 2600 and bounced back sharply to near term high of alomst 3200+. Now the Pulse is in some short term profit booking. It has been closing and trading below the short term moving averages showing some weakness in the bull power. RSI has just signaled a Sell from the overbought …

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Nifty

#167 Nifty Update: Ignore Todays Trailing SL close on NIFTY

Yesterday i did mention to square-off Longs after nifty closes below 5871 and today it closed below. But i would suggest you all to ignore todays close and DO NOT CLOSE longs tomorrow UNLESS it trades below 5832 tomorrow. Today IIP numbers were announced after markets and Inflation too. Both the numbers have shown some …

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