Nifty

#28 Nifty Update

NIFTY opened down with a gap as all the foreign markets were down by almost 1%. Jobless data in US and Greece president resigning were 2 major news which made foreign markets cry. Highly awaited RBI policy came as per the marketers expectations i.e., hike of 25 bps. This hike was already discounted in the …

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Nifty

#27 Nifty Update

NIFTY today was unexpected. Dow and foreign markets closed yesterday by almost a 1% or more and it was expected that our markets will react positively to it but it couldn’t. In the morning market opened almost flat and was as boring as Radio Jockey’s commentary because you feel irritated whenever you listen them while …

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Nifty

#26 Nifty Update

NIFTY opened on positive node as global markets were all almost positive. But surprisingly Reliance Industries was the loser like our Indian Cricket team in yesterday’s ODI. NIFTY made low at 5484 near to my support of 5482. Yet NIFTY has to breakout on the rectangular formation between 5482-5609 on closing basis. But on other …

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Nifty

#25 Nifty Update

NIFTY opened in negative but recovered at the end by almost 60 points from the low. NIFTY made a low at 5437 (almost at 5442 which I mentioned in my last 7 reports). Now NIFTY daily chart has three major formations in the process which could be confirmed in tomorrow’s trading session. Firstly, a rectangular …

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Nifty

#24 Nifty Update

NIFTY opened flat as the SGX NIFTY was flat in the morning. NIFTY today was playing boring like a 50 over match in West Indies. It closed around 5521 just a minor change regarding the last close. Major news today was of MTNL and HCL-Infy who had made a cartel to increase bid price in …

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Nifty

#23 Nifty Update

NIFTY was down today by almost 30 points at 5526. When it opened all the technical indicators were so tempting to make a investor buy NIFTY but it just touched yesterday’s closed and returned back to where it opened. MACD is still strong on NIFTY to buy with a SL-5442. NIFTY is yet to validate …

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Nifty

#22 Nifty Update

NIFTY opened flat and as expected it took resistance at 5571 (I mentioned in my last report). It was a slow and steady win for NIFTY and Rohit Sharma’s innings yesterday which gave steady win to India over West Indies. Now NIFTY has caught some bullishness to face resistance at 5609 which is a crucial …

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Nifty

#21 Nifty Update

NIFTY back on track. NIFTY opened in red on global cues but recovered at the end. It bounced back from crucial level of 5475. Now we could see uptrend for short term till 5619. If it crosses 5619 level then it will validate inverted head and shoulder and we could see level of 5700 there …

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Stocks

#8 Stock Update: Weekly picks (6th-10th June)

Stocks Remarks BIOCON A dragon fly Doji on weekly chart was confirmed by a strong bull candle last week. Stock Price crossed 100 and 200 DEMA last week and closed a way above it. RSI crossed 50 level mark suggesting a strong buy. Whereas stochastic is suggesting to Buy stock on dips. CMP 363.50 Buy …

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Nifty

#20 Nifty Update

AS expected NIFTY opened positive and resisted near 5600 level which was also mentioned in my last report. SGX Nifty was almost flat at the opening. NIFTY was in red which was some profit booking. Now it seems that market may test the levels of 5442 to confirm our inverted head and shoulder pattern. ADAG …

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