Nifty

‎#129 Nifty Update: "Zara Zara Touch me touch me touch me"

No guys am nt dreaming of Katrina Kaif touching me (as m engaged now :P) but its just that song relates to NIFTY’s trading range since last 2 weeks. As you could notice in the chart, closing has been volatile between bulls and bears…Bulls(Blue moving averages) and bears (downside channel support) are playing tug-of-war but …

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Nifty

#125 Nifty Update: 70 points rain cools off all traders

NIFTY had been range bound last week between 5280-5327 which was considered to be consolidation phase. NIFTY has confirmed the flag pattern breakout on charts today which is considered to be bullish for near term. Fundamentally we have not received any cheering news for the traders but this rally is purely technical or investors are …

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Nifty

#124 Nifty Update: NIFTY Pulling up its Summer "shorts"

Its the summer time and Shorts are in trending on the youths while traders are trending with NIFTY’s short covering. Yesterday we show a reversal pattern “Morning Star” (circled in graph) which is a sign to an end of bears and start of bulls. After long time NIFTY has closed above short term moving averages …

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Nifty

#123 Nifty Update: NIFTY ko garmi lag gayi!!!

Since the breakout of triangle on the downside, NIFTY is giving more and more bearish signals on the way to downside. We could see that on the chart that we got to “Bearish Engulfing” signs which is a bearish signal. But today we have seen a “hammer” which is a sign that markets MAY change …

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Nifty

#122 Nifty Update: Is 8950 possible on NIFTY?

Looking at this chart, all the technical analyst including me will get bullish on the NIFTY. This chart is NIFTY’s monthly chart. As we could notice technically we are witnessing a “Flag” pattern which is a continuation pattern. This Flag is on the way during bull run so we can expect a bull run ahead. …

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Nifty

#121 Nifty Update: CRIME Suspected

My last two posts suggested downside rally and indicators still believe so with fundamentals such is USDINR and greece fear suggest. But technically a CRIME is suspected against the trend..I emphasize “Suspected” meaning not confirmed but depends on few conditions. After a free fall from high yesterday Today we witnessed a gap down opening from …

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