Nifty

#187 Nifty Update: Bulls are still on a Vacation

Since last two sessions we have seen some profit booking on Diwali Rocket rally on Nifty. BOLT is missing bulls on the screen to tick up the index. We are seeing some sector specific movements and not one sided move which is a typical characteristics of consolidation phase. yesterday it was Pharma and IT for …

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Nifty

#186 Nifty Update: Diwali Rocket Touched 6300ft mark

Investors rocket expires at the highest point in October at 6300 which was not expected by the street but we mentioned in our Update #184 that we expect expiry 6200 and we got lil more on that. There was not much fundamental reason to drive nifty but it was pure technicial support and short recovering …

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Nifty

#185 Nifty Update: A strong breakout

Yesterday Nifty took a strong support at 6080 which was the support line in the channel which i mentioned on our fb page www.facebook.com/mavjihari After the bank policy we did revised our buying call on the page and initiated long on Nifty around 6142-6155. Bank policy was as expected so it rallyed up as rate …

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Nifty

#184 Nifty Update: Rajan karega Raj

All Indians are busy planning their vacation for next week diwali but vacation for investors would all depend on Mr. RBI. Tomorrow we have a monetary policy and markets is all waiting for the results. Most of them expect 25bps hike in repo rate and 25bps in MSF which is already discounted in the market. …

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Nifty

#183 Nifty Update: Madness around the Chart

Since last few updates we had mentioned a channel which was broken a day before yesterday but yesterday we moved back into channel initially in the day and closed back exactly on the verge of new support line. Nifty closed with a Dragon fly Doji but its not supported with perfect rules. Indicators have turned …

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Nifty

#182 Nifty Update: A bearish Engulfing after a Doji

A rewind button has been pressed on Nifty today after 2 days of pause. But today i feel that more weakness has been smelt around the charts. Firstly, Nifty resisted around the same levels for 3 consecutive sessions. Secondly, it gave a super slide in intraday making indicators turning in favor of bears. Thirdly, the …

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Nifty

#181 Nifty Update: Rewind or Forward after a Pause button??

Everyday you all come across “Rewind, Forward and Pause” button but since two days Nifty has pressed pause button on its level around 6200. What next?? A”Doji and spinning body” as circled in graph suggest a pause to a current trend and it could retrace or move forward (Rewind or forward) depending on the momentum …

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Nifty

#180 Nifty Update: Index in perfect channel

On our last update on #Nifty we mentioned to Hold long for risk traders and we are seeing a perfect upside angle on index. We had mentioned to that safe traders could keep a trailing SL at 6050 and it was hit but if you are lucky enough than its good for you. Anyways coming …

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