Nifty

#124 Nifty Update: NIFTY Pulling up its Summer "shorts"

Its the summer time and Shorts are in trending on the youths while traders are trending with NIFTY’s short covering. Yesterday we show a reversal pattern “Morning Star” (circled in graph) which is a sign to an end of bears and start of bulls. After long time NIFTY has closed above short term moving averages …

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Nifty

#123 Nifty Update: NIFTY ko garmi lag gayi!!!

Since the breakout of triangle on the downside, NIFTY is giving more and more bearish signals on the way to downside. We could see that on the chart that we got to “Bearish Engulfing” signs which is a bearish signal. But today we have seen a “hammer” which is a sign that markets MAY change …

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Nifty

#122 Nifty Update: Is 8950 possible on NIFTY?

Looking at this chart, all the technical analyst including me will get bullish on the NIFTY. This chart is NIFTY’s monthly chart. As we could notice technically we are witnessing a “Flag” pattern which is a continuation pattern. This Flag is on the way during bull run so we can expect a bull run ahead. …

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Nifty

#121 Nifty Update: CRIME Suspected

My last two posts suggested downside rally and indicators still believe so with fundamentals such is USDINR and greece fear suggest. But technically a CRIME is suspected against the trend..I emphasize “Suspected” meaning not confirmed but depends on few conditions. After a free fall from high yesterday Today we witnessed a gap down opening from …

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Nifty

#120 Nifty Update: PNR Status of Ticket to 4700:" RAC 3 "

Vacation time has started and many of you have booked your tickets ….so has NIFTY!! Your ticket to destination might be in waiting list but NIFTY’s ticket to 4700 is now RAC today which was in waiting list yesterday…That means we have got confirmation today that NIFTY is surely travelling towards 4700 but RAC 3 …

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Stocks

#23 Stock Update: Accumulate Biocon Pharma for Long term

Biocon Pharma weekly chart has been showing some support at 225 odd levels since 5 weeks. Weekly chart shows that last rally had start from Rs.90 to Rs.450 odd levels. Calculating the 61.8% retrenchment of the last rally we get 228 which has been the supporting level for the stock since last 1 month. Studying …

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