Nifty

#19 Nifty Update

NIFTY today opened almost 72 points down to 5521 as expected. People who got PUTS yesterday might have been partying tonight special those who got Put of SUNTV which was almost down by 30%. On the global market’s weakness NIFTY was showing some downtrend. SUNTV owners brother was mentioned in 2G scam which dragged down …

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Nifty

#18 Nifty Update

NIFTY opened with positive mark and remained in green today with the close at 5592. Today it was not able to break the neckline for inverted head shoulder and also the 200 DEMA at 5610. We expect some profit booking tomorrow. Good news for Gujarat as Maruti is planning its 7th Factory in Sanand. Gujarat …

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Stocks

#6 Stock Update: Monthly picks

Stock CMP T1 T2 SL Review ACC 1027 1054 1136 980 Rectangular Breakout at 1015 AMBUJA CEMENT 138.75 143 153 132 Inverted Head and Shoulder Pattern..neckline at 140 AXISBANK 1282 1350 1450 1227 Moving average and MACD crossovers BAJAJ-AUTO 1344 1377 1464 1288 Rectangular Breakout at 1338 HDFC BANK 2399 2550 2320 buy on dips …

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Nifty

#17 Nifty Update

NIFTY today was like KKR in IPL 4, came out with surprises from right to the bottom level to almost 100 points up but as KKR was not able to make up to the finals so did NIFTY couldn’t reach out 200 DEMA i.e., 5612. NIFTY broke out at 5517 level which indeed made our …

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Nifty

#16 Nifty Update

Today NIFTY showed up the emotions for the Friday released hangover 2 i.e., it was interesting but not to keep peoples attention all the way. It opened with some positive woes and as expected didn’t crossed 5517 and came back to almost a flat level. Now we might see some correction towards 5400 level which …

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Stocks

#5 Stock Update: Weekly picks

ABGSHIP CMP 372.85 Recommendation Buy Support 365,356 Resist. 380,400 ANANTRAJ CMP 69.90 Recommendation Buy on dips Support 65.60,62.90 Resist. 75.90,81 ALBK CMP 197.20 Recommendation Buy on dips Support 192,183 Resist. 205,214 EDUCOMP CMP 471.65 Recommendation Buy Support 463,445 Resist. 506,530 CROMPGREAV CMP 257.80 Recommendation Buy on dips Support 252,245 Resist. 270,285 FORTIS CMP  160.90 Recommendation …

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Nifty

#15 Nifty Update

M back!!!! Had a long break and was out of touch for NIFTY but now I have been back on track….IPL results have been disappointing me but the Corporate results for last quarters are just outstanding and most are beating up street expectations. TATA Group and ADAG Group of companies has been most out performed …

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Nifty

#14 Nifty Update

NIFTY today was too volatile on the downside. It closed at 5749 at our first support and made low at 5700 which was my second support. NIFTY is forming a pennant pattern, breakout of which will bring the uptrend. Breakout of formation is expected at 5900 which will decide the bull run. It made a …

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Nifty

#13 Nifty Update

NIFTY closed in red as expected due to the Expiry pressure. NIFTY closed at 5785 near my second support of 5790. NIFTY daily RSI has crossed 50 from upside signaling a bear strength while stochastic and MACD is also signaling a bear strength. Prices closed below 5/10 DEMA and exactly at 20 DEMA average. Two …

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