Nifty

Nifty ends with Bearish Engulfing

After fast and furious five days  we have got a bearish reversal pattern after a long time i.e., Bearish engulfing on Nifty. Market have been one way since last week but now it seems we may get some breaks on the rally. Confirmation of bearish engulfing could be only if we trade below todays low tomorrow or day two. Though my …

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Nifty

IPL fever on D-Street

Today i just felt i was watching highlights of RCB vs GL where Virat and AB De villiers scored incredible 248 in 15 overs as exactly same we scored 300+ points on Nifty in 2 sessions which was just so fascinating. 7700 was surely my support but frankly speaking i also didnt expect such a rapid recovery in just 2 sessions.  But coincidentally it …

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Stocks

Double scoop is always mesmerizing!

Its often difficult to find a perfect pattern on stock charts for a trading view but today i just noticed something which is just like getting ‘Double scoop of icecream’ in scorching heat i.e., Double Inverted H&S on same stock and on same time frame but with Higher targets on Tata Chemicals.  Though i am late in intimating you guys of ‘light blue inverted H&S’ but …

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Nifty

Bears sucked out of Nifty completely

Vacuum cleaner has sucked out all Bears in a day from the Nifty charts. As i mentioned yesterday, 7772 was the hurdle but we opened way above the hurdle and confirmed short term rally with a close above number of resistances. Technically, now the gates have reopened for upside target of 8100 in june expiry but alot would be dependent …

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Nifty

Nifty has entered Vacuum Cleaner

Since last few days, there was nothing to write about on Nifty as we were witnessing a Mary-go-round for traders around 200 day average which was flying around 7792-7810 but today finally i have spotted something on daily charts. Nifty opened flat today but closed way above 0 mark leaving a Green candle but the candle has resisted to line (upper red line) connecting recent higher highs which …

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Stocks

Spicejet has safely booked 12.5% profits in my pockets

As it is said that patience’s pays off so has my trading view on Spice Jet. On 8th April 2016 in my post (Link:Spice up your profits with Spice Jet) i recommended trading on a ‘inverted H&S’ pattern on Spicejet which was trading around 71 and my target was 80 which has been achieved safely. In almost 40 days we got 12.5% return on simple patterns, …

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Nifty

Dont get misguided with Candlestick pattern

It had been nightmare for BTST traders as Nifty opened gap down and didnt gave any chance for BTST players to exit in profits but positional traders shouldn’t worry much. As i said yesterday that we might get a dip today and best buy would be in the range of 7840-7870 and we have closed exactly …

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Nifty

Nervous close but high might not be the end

Nifty as expected gave a master blaster start above 7900 and pinched new high which is at 7940 but than we closed nervously around 7890 with a gravestone doji on daily charts. After a last 30 mins furious sell-off on index, traders on D-street have started targeting nifty 7500?  I mean how insane is that ? a minor knee-jerk reaction cannot shatter upside …

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Nifty

Nifty could kick start a 200 points rally tomorrow!

After a volatile profit booking in last two weeks, we could now kick start a rally tomorrow on Nifty index. As i had been mentioning 7777 as crucial level, today we did breach it for few seconds but we have maintained it as support on closing basis and still remains further. On weekly chart that level is …

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Nifty

Nifty reached my Pit stop of 7909!

Finally Nifty has showed path to my destination 8265 by achieving my first tgt of 7909 which was even 50 WSMA resistance.  Though indicators on daily charts are on overbought zone but they have given Bullish Crossover internally to signal short term positive momentum. Todays move would be further fueled with CPI and IIP announced today. Markets have been also in confidence …

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