Nifty

#162 Nifty Update: 'Once upon a time in NIFTY Again'

All Bollywood lovers are waiting for the movie Once upon a time in Mumbai again while market traders are waiting for some short covering after a free fall from 6093. IIP number nor inflation has been cheering for the markets but only thing cheering the rally are the earning reports better than expected. Take from …

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#161 Nifty Update: Sign of Relief for the traders

A “Bullish Harami” pattern in term of candlestick is the turn around or can say reversal sign from a bearish trend. NSEL has been the talk of town since last week. Question still remains can it pay it dues?? Most of the traders or market people believe they will. PMI data of india has been …

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#7 Article: Monsoon Trading

Monsoon has been wonderful for the farmers around the country but still not good for the traders, let it be Commodity traders or Equity traders. All the Agri commodities are pouring down in value even more than monsoon while Nifty has been pretty volatile last month but we did achieve first target 5961 which I …

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#160 Nifty Update: Road to 6350

As we have been intimating you all to go long on each dip and that would have got you or your portfolio in green by now. Result earnings are falling as a god grace to bulls. Infy, hdfcbank and than today axis bank and TCS have given marvelous results. GDP and Inflation is still a …

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#158 Nifty Update: Nifty between the lines

Nifty has been trading between the two lines 5750-5905. There is not much fundamentals to cheer for and nor to be upset with. We are experiencing foreign currency volatility at the highest levels. Developed markets  are experiencing a turnaround. China’s inflation was announced today which is at the peak this year and and good for …

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#157 Nifty Update: Tickling Nifty

Nifty was tickling traders today. Today opened with a gap up on back of good unemployment numbers in US. PMI numbers had been improving in western countries. Today SBIN was the most beaten in frontline scripts. Weekly charts are showing some bullish confirmation on the charts. Technically i noticed some interesting things on weekly chart …

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#156 Nifty Update: Nifty close jst above 100 EMA

As i mentioned yesterday Nifty took support at 5852..Yes it was obvious as it was 100 DMA on our daily chart. Since opening it was weak following SGX nifty. We have RBI policy this month but we dont expect a rate cut as inflation has been increasing due to weak rupee and increasing crude oil …

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#155 Nifty Update: A day more for bullish Confirmation

Nifty continues with its winning streak. nifty opened marginally weak at 5834 and a made low at 5822. On Saturday I posted to go long at CMP and market gave a best chance for a entry. As last week nifty was trading in downside channel, on friday it breached it and closed above the resistance …

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#6 Article: Markets at a glance

Nifty has still been trading in the downside channel. In last month issue I did mention that the market was in crucial range between 5855-6118 and could go either. Unfortunately it was on the downside. India was under-performing its western peers. Last month was full for global events which had some profit booking effects on …

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