Nifty

#177 Nifty update: Role Reversed!!

On our post #176 we mentioned a speed breaker at 5915 and yesterday Nifty did resisted there. Ghosh!! yesterdays close for nail biting but finally it did go with our view on bulls side. It is believed that chart discounts news before they appear on Media, and it was so true. Yesterday market recovered to …

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Nifty

#176 Nifty Update: A small breaker ahead

On our post #175 we mentioned for safe traders to go long on Nifty above 5889 and i guess everyone got a chance to go long. Fundamentally there is only one event and that is quarterly results this monthly. Technically Nifty is trading comfortably above short term and Long term moving averages. Indicators on daily …

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Nifty

#175 Nifty update: No trading Zone for Safe traders

In our last post #174, we did recommend to cover shorts which we initiated around 5988 in our post #172. We hope that most of you got 215 points on our last short call. Now its a No trading zone for the safe traders upto 5889.   Yesterday Nifty has comfortably closed above Long term moving …

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Nifty

#174 Nifty Update: head scratching for Traders

Nifty has been in the profit booking mode as we expected in our post #172 Update. Our 1st tgt on downside was 5810 and it has been almost achieved with a low of 5811 on Nifty index. Markets had been pretty range bound which has head scratching for traders. Now the tgt is 5677 but …

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Nifty

#173 Nifty Update: rally is just the short covering

On our post #172 on Nifty we mentioned to Short index and we are still have status quo view. This rally could be just a intermediate covering. We expect this rally to pause near to 5974/6000/6025. DONT BUY positional  but consider this rally to short for those who had missed last time. Stop loss to our …

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Nifty

#172 Nifty Update: Time for some profit booking

RBI governor did surprise markets as traders were expecting a status quo but he did raise repo rate. May be it is the right step has increasing inflation is a concern for our country and even technically it was time for some profit booking on the charts on Nifty. We have got a good thousand …

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