Nifty

#78 Nifty Update

Happy Janmashtami!!!!! Finally NIFTY has given a sign of reversal on the birthday of Lord Krishna. NIFTY opened flat at 4853 on mixed global cues and then with had some range bound market in the morning but then with weak europe opening we saw low at around 4815 levels. But foreign markets recovered after the …

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Nifty

#77 Nifty Update

NIFTY is also fasting and supporting ANNA HAZARE movement with downside by almost 100 points at 4845. Dabbawala’s from mumbai for the first time ever since 120 years had closed down there service in the support of ANNA Hazare. Strong bearish sentiments are prevailing all over the world. Yesterday US jobless data were announced which …

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#76 Nifty Update

Clean Bowled!!!! Bulls were out in the first ball and bears took control over them in today’s match. Bears had the winning edge since market opened the batting with 5053 on the score card which was todays high. It made new lows each hour and closed at 4944 down by 112 points. Market is getting …

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Nifty

#75 Nifty Update

Hey Guys just found a interesting pattern on Weekly chart of NIFTY. On 7th August I did plot a Long term Elliot wave. Now I have witnessed a smaller degree of Elliot wave property in Wave 2 as you can see in the pic. This means that NIFTY may take supports around 4800 then start …

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Nifty

#74 Nifty Update

Market is again a see-saw. Market opened positive to flat on mixed global cues but then we saw upside movement upto around 5110 levels and then a 90 points fall to around 5011 levels with a marginal positive close at 5056. NIFTY is very volatile with many mixed news around the trading terminal. Today COAL …

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Nifty

#73 Nifty Update

Market salutes 65th Independence day with a positive opening at 5125 but then gradually decrease on domestic concerns. NIFTY closed at 5035 down 37 points. Indian monthly inflation was declared and it was down to 9.22% as per the expectation. Indian inflation is easing out which is a good sign as RBI might end it …

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#72 Nifty Update

Looooonnnnng Weekend!!!! Investors were cashing out money from market to have enough liquidity to gift their sisters tomorrow…On that occasion we saw some profit booking on long position and market close at 5073 down 65 points. US and Europe markets ended up positively but our markets couldn’t support their rally. US banks and European banks …

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#71 Nifty Update

NIFTY remained range bound today to close at 5138 down by 22%. NIFTY opened positive with bull power but then had shown some weakness. NIFTY played like a Indian Cricket team i.e., initially we had a early fall but then Dhoni and Praveen Kumar came from nowhere to give a respectable total as did Reliance …

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#70 Nifty Update

BUMPY NIFTY!!! Today NIFTY opened up positive at 5196 and then made a low around 5124 to close at 5161 plus 88 points. Only 70 points volatility but it moved up-down whole day making investors puzzled of its further move. US FED yesterday announces no change in the interest rate until mid 2013 with Range …

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#69 Nifty Update

“DISCOUNT… DISCOUNT…Sale upto 15%”…this is what Dalal Street is stating… Since last month high of 5700 market has discounted almost 10% to 5072 (close)and you may see market discounting upto 15% to 4800. But question arises is this the right time to buy??? or you should wait for stock clearance sale by Dalal street?? ….Markets …

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