Nifty

#60 Nifty Update

Sorry people for not posting yesterday due to some prior commitments. NIFTY expiry was below 5500 which is a bearish sign. Today market close around 5480 levels almost flat with mixed sentiments with investors. Domestically today we had may major events which were stock specific. Karnataka Illegal mining scam today named Adani Enterprise which made …

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Nifty

#59 Nifty Update

NIFTY still in shock of RBI policy. NIFTY closed at 5546 after opening positive at 5588.  Fundamentally market does not have anything to cheer for so market purely trading on Technical levels. LT finance holding IPO opened today and closes on 29th july with price band of 51 to 59. IPO seems attractive but i …

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Nifty

#58 Nifty Update

NIFTY today showed condolence over the loss of INDIA at Lords ……NIFTY closed at 5574 down by 105 points…If NIFTY would have scored century yesterday at lords then it would have saved India but today it was of no use… RBI hiked rates by 50 bps which was the reason for the down fall. Maruti …

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Nifty

#57 Nifty Update

Finally bulls are heavy on see-saw game but India still struggling at Lords!!! NIFTY closed at 5680 with 46 points up. Today Reliance was leading the race for the NIFTY with the news on deal finalization and positive expectation of results today eve. Bank of India announced itsresult and it was a way below the …

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Nifty

#56 Nifty Update

NIFTY has been too indecisive to decide its further trend. Bulls and bears are on equal side i.e., Bulls have a morning star pattern on daily chart while bears have a unfilled gap and strong resistance of triangle formation. All the major moving averages are hovering around almost same levels as written on the graph. …

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Stocks

#16 Stock Update: Weekly Picks 25th July to 29th July

STOCK CMP TARGETS STOP LOSS REMARKS AMBUJA CEMENT 129.550 131/135 124 Stock has been taking strong support at 124. It has seen close over all the short term moving averages. RSI and Stochastics are supporting bulls so I recommend stock for safe trdrs. ANDHRA BANK 137.40 142/147 133 A perfect “Morning star” pattern has been …

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Nifty

#55 Nifty Update

Bears and Bulls are playing See-saw!!!! But now i think bulls have taken the driving seat. NIFTY closed on Hill top at 5633 up by 92 points. It has closed above all the major resistance level except the one big 5663. One of the driving force for today’s market was the announcement of bail out …

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Nifty

#54 Nifty Update

Pheewwww!!! NIFTY is trading in so narrow range that it has been very difficult for us to decide the direction of our investment. NIFTY closed at 5541 around the crucial retrenchment level (5539) of last rally. NIFTY made high near to 5578 and low at 5532 which were near to my mentioned levels. Earnings of the …

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Nifty

#53 Nifty Update

BINGO!!!!! NIFTY moved in my tune today. As i had mentioned NIFTY resisted near to 5650 (5645) which was my resistance level and took support near to my level of 5551 (5554) as mentioned in my last report. Nifty closed at important level of Fibonacci retrenchment at 5567 down by 46 points. Wipro announced its result …

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Nifty

#52 Nifty Update

Surpriseeeeee!!!!! Thats what NIFTY gave to most of the investors after 12….Markets were trading in range bound session in first few hours and it was almost signaling a bearish view as it was not able to break the level of 5581 which ought to be 100 and 200 DEMA. But as soon as European opened in …

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