Nifty

Todays Trade has alot to say!

Just yesterday i talked above 8000+ levels on Nifty and today opening trade would have given a nightmare to most of you but those who took this as a opportunity as a trade on my recommendation, Hats off!  You might have even read on my post that i mentioned above a minor profit booking anytime and …

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Nifty

Nifty approaches Minor Wave Resistance

Most of you would have felt that today was a boring day but technically Nifty has been approaching Resistance zone of 7909 which is why we have slowed down a bit. Though thats  just my  first target but still we need to be cautious around the level because today we have a got a Spinning top on daily chart as marked by …

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Nifty

Bull’s ride on D-Street

Until Thursday close i was sure about Nifty strategy of buying on dips but friday’s volatile session had ended up everyone in confusion. But as i mentioned on that day, we should still be bias on Buying on dips and today’s close has cleared all confusion on Nifty index. As you all can notice in graph, we have …

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Nifty

Nifty ends with Confusion

Today was ought to be Decider between Bulls and Bears on Nifty but it ended with confusion with almost No change today. Technically as i mentioned 7690 was crucial zone and we did trade for fractions of seconds but as i always mention, what counts is closing. On other side 200 day SMA resistance which was at 7777 didnt trigger at all …

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Nifty

D-Day for Nifty Tomorrow

Nifty has been trading in strict range of trade since last few sessions and volatility has ended traders into confused zone. But now tomorrow is a D-Day for the Nifty deciding May expiry future. As we all can mark in the attached chart, Index has been taking support at 7690 level which is trend line support of …

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Nifty Bank

Trade is on the channel “Bank”

Banking stocks have given a good rally from the budget low and specially PSU banks, but now since last 3 sessions we are losing some strength in the stocks. Some Private sector banks are trading at 52 week high which posted strong results for the last quarter. PSU banks are the cause of weakening because …

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Nifty

Get ready to Drive your Jaguar!!

Tata Motors have been most under-performing stock in Auto Industry in recent past but now its time be the out-performer in coming months. Stock has tested sub 300 levels twice last year and while testing so it has created a Double bottom  pattern on weekly charts of the stock. Have outlined Double bottom pattern on the adjoining chart, …

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Nifty

Crucial Week on Nifty Chart

Haven’t talked about Nifty chart since few days but was trying to study charts from different angles and now i have came across some crucial outputs from my study this weekend. As i had talked about a weekly channel breakout last week, we have almost confirmed with second close on Friday but it closed with a nervous feeling. …

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Commodities Crude

Time to change our view against Crude

Crude as an asset class worldwide has been seen as a prime suspect for the last years sell off in Equity markets but now its time to rethink on our view. There has been crucial cold war in Crude production between US, OPEC and Russia since start of 2015 which has resulted in glut in crude market but recent news are …

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Nifty

Perfect inverted H&S Spotted!

Technical patterns are generally very rare to be spotted perfectly just as a theory definition but i just came across a “Inverted Head and Shoulder” pattern on Aban OffShore’s  weekly and it is just so near to perfect. As you all could make out in the attached graph, stock has given a confirmation close above the neckline, 183, yesterday. …

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