Nifty

Jackson Hole at 8500! Are we falling?

Last expiry had been around 1% of the July close and it has irritated traders. But analysts were more irritated as Stop loss were triggering on both side of traders. But finally today we could get some signs of movement from Jackson Hole where yellen could sign some sign of rate hike in near future. If at …

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Nifty

Bulls yet racing on the edge!

In last few weeks we have got constant signs of accumulation in cash markets and also longs on futures market making us believe that bulls are leading the race but they are yet racing on the edge and doesnt seem to be in full control. As i have been mentioning in my previous posts about Nifty’s daily channel, we …

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Nifty

Nifty, a perfectionist!

“Perfection is not attainable, but if we chase perfection we can catch excellence” and its just the case for Nifty traders since channel breakout a month back. If you have been chasing this perfect support of channel you would have attained excellence in profits.  Had been recommending to carry forward longs with the trailing SL of 8480 and its still holding. …

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Nifty

GST booster takes momentum in third gear!

This week has been just like another Dream Run for all traders in India but ofcourse it was associated with one of the most volatile week in recent times. Last week i mentioned about  GST Booster for Nifty which did work at the last moment of the week. As its always believed, boosters are used to overtake components with surprising speed and …

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Nifty Bank

Banking stocks may underperform!

Nifty has been quite volatile these days and it has almost achieved my target of 8720 before 2 days but now we are not getting any clear sign of trade on either side. But Nifty Banks index is showing some pattern on daily chart which is an upward slopping channel as marked in chart. But currently we are …

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Nifty

Traders have pressed GST Booster!

Markets have moved unexpectedly for those who did not gave attention to my last two posts but those who read it have earned many points on Nifty and we were left just few points away from my target of 8720! Its always tough to reach last lag of a game and it just seems the case here. Bulls MIGHT have to …

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Nifty

Why closing is more important?

In my last two post i had been repeatedly saying that the overall trend of Nifty has turned positive with upside target of 9800  but had also mentioned about a knee-jerk reaction with minimum target of 8480 and we did achieved it tomorrow. But after profit booking we saw strong up move back in last two session. Some might say its a …

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Nifty

Volatile week expected

Markets have been pretty volatile these days and we can still expect the same in upcoming week as the daily charts suggests. As marked in the attached chart. Nifty is swinging between steep upward sloping channel since last few days and now we can expect some correction before trend resumes towards 9800 as i mentioned in my previous post in Nifty section. We …

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Nifty

Time for investors to be Active!

Nifty has been quite volatile since last few expiry but during this time it has given a birth to probable inverted Head and Should pattern on weekly charts. Neckline of the pattern which is considered to be breakout line of the pattern was at 8370 two week back but confirmation is considered only if we get 2 close above the same and i am expecting that …

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