Nifty Nifty Bank

Market closed at resistance

Finally today both the averages, Nifty and Nifty Bank, have converged at on charts! Until yesterday Nifty bank was under-performing Nifty by almost 1% but that gap has been filled up today where Nifty bank out-performed Nifty with almost that same lagging difference. Indicators are yet showing some strength for the bulls on weekly charts but today markets closed near strong resistance on the channel line. Though it …

Continue Reading
Nifty Nifty Bank

Nifty bank has all chances to out-perform this week!

Nifty bank has been a under-performer in last two weeks compared to Nifty Index.  But now looking the pattern on Nifty Bank daily chart is moving in a strong up channel and is appearing Upper resistance line while Nifty has already reached that trend line on similar pattern today. Technically, indicators have also given internal signal line crossovers to show still valid momentum …

Continue Reading
Nifty

Cautious view to be continued….

Weekly channel which i mentioned last week is still intact and the range which was crucial for breakout has not been breached yet signalling a tight range bound movement this week. While being volatile Nifty almost burnt fingers for day traders. Technically speaking, Nifty weekly chart is showing mixed signs which means cautious view to be continued…. Looking …

Continue Reading
Nifty

Tune in to channel “W”

Nifty has been quite volatile since last few weeks but during this course it has created a upside sloping channel on weekly charts as marked in the attached chart. Momentum seems to be strong for the upside rally in coming week or two as indicated by weekly indicators. But now daily charts are bit confusing to our weekly momentum …

Continue Reading
Britian Global

BREXIT Recap

Introduction WHAT IS BREXIT? A referendum wil be held on Thursday 23 June, 2016 to decide whether Britain should exit (Britain’s Exit – hence the term Brexit) or remain in the European Union. WHO WOULD VOTE? The votes in which everyone ( or nearly everyone) of voting age can take part, normally giving a ‘Yes’ …

Continue Reading
Nifty

Nifty back to its medium term trend

We have seen some surprising pull back from the lows on Nifty which was surely not expected in such a quick manner. Though overall trend for the mid term seems to be positive but Nifty was trading in a downside channel on the daily chart which has been breached today with heavy volumes moving back …

Continue Reading
Nifty

Nifty channeling

In my last post i mentioned about probable evening star pattern on 9th June and its still holding its importance on Nifty chart. But to support its significance we have got two more components now. Firstly, We got shooting star candle as squared in the chart and secondly, now Nifty has confirmed its path in …

Continue Reading
Stocks

Erase loss with Eros

Media and Entertainment industry has been hot favorite since late 2014 and we have seen all stocks from the segment emerging out as multi-bagger. One of the stock which had initiated rally in sector was Eros international which moved from almost 140-640 in just a years time who was joined by other stocks like PVR and Inox Leisure. At current …

Continue Reading
Nifty

Imperfect says ‘I-M-Perfect’ ??

Sometimes patterns wont be perfect but still its says that “I-M-Perfect”. Though today many technical analyst wont notice circled pattern as perfect evening star pattern but i would say that this COULD be imperfect evening star pattern and could give some points reversal if not as much as a perfect pattern would give from such a peak. …

Continue Reading
Nifty

Nifty target achieved!

Nifty has given a wonderful run over 7772 which was my trigger for buy as i mentioned in my post on 25th May (Bears Sucked out completely) and target of 8265 was given on 26th May (IPL Fever on D-street). Though my target was left by just 3 points on Friday but we should have margin of safety of …

Continue Reading