Nifty Bank

Bank on Banking

Banking stock has been the most under performing in the recent times. Especially, PSU Banks had been the most hard hit on NPA Concerns. But finally Nifty Bank charts are giving some positive divergence at the CMP:14036 with respective to RSI and Volume. As we all can notice in the chart attached, index has been trending in …

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Economics Indian Economy

Money Supply and Equity markets

We often here the word “Money Supply” while referring to our economy condition. So today i will try to explain in simple term, what exactly is Money Supply. Money supply can be defined as amount of money or its equivalent in circulation at any particular time in an economy. Money includes: Coins and Currency Foreign Exchange …

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Basics

Some myths of Inter-market Analysis and Technical Analysis

It is believed that Technical Analysis can only predict equity markets for short term only but this is just a myth. Following are few points to correct your myth on this school of studies: Any Asset Class:  Technical tools can be applied to any asset’s price forecasting which is not possible for Fundamental. For example, …

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Basics

Technical Analysis and Fundamental Analysis

Another step towards basics of Technical analysis is to understand how it is related to Fundamental Analysis and what does market prices represent. So lets look down at few points. Technical Analysis considers only past price action to forecast future prices price, while Fundamental Analysis takes into consideration Economic factors of demand and supply that causes …

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Nifty

Just kissed activation level for the target 6600

Nifty expiry has been the worst this year as it has closed below 7000 level which was last resort psychological level for traders. As i mentioned yesterday that a trade below 6960 would activate 6609, today nifty made low exactly at  6961 which can be termed as ‘kissing support”for the downside breakout.  As you all could …

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Basics

Lets Start with Technical Analysis

A common definition of Technical Analysis as said by John Murphy: “It is the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends”. Technical analysis is basically study of historical prices where underlying asset has traded in past. Study gives more emphasis on the closing price after …

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Commodities Gold

Gold to glitter which could be a bit bitter

Gold had been the most under performing invest asset since last 4 years since it pinched to new high but in recent past it has outperformed all the equity markets with some quick short term gains. Today i finally managed to get some time to analyse asset from the longer term perspective and just caught …

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Nifty

Fear of Fall revisits chart

Nifty has finally given a breakout of a wedge on the downside and have seen a close below the same which has meant a bearish mood on the markets for coming days. Though yet we need confirmation for the pattern breakout with 2 more close, we can stay cautious for the long positions. Today after …

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Indian Economy My View

My view on Railway Budget

February’s last two weeks each year, newspaper are flooded with the word “Railway Budget” and its always difficult to understand for a common man what exactly it is. So let me explain you guys in some simple words what is it and what shall we expect. To define Railway Budget, ” It is the estimation …

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Nifty

Unexpected Speed Breaker

Where it was expected that we shall just cross over the bridge of Expiry safely and without volatility, all of a sudden we got a big speed breaker where almost everyone touched its SL. Though yet road hasnt changed for the Nifty’s move, but it has surely gave a sudden jerk which has given a small injury …

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