Nifty

#38 Nifty Update

NIFTY opened at the level which was the target by rumors i.e, 5710 level which i mentioned in my reports last week. NIFTY was able to close above 5600 for second consecutive day which is a positive sign. Now Monday’s close will be a crucial point. If the market closes below 5600 then we could …

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Nifty

#37 Nifty Update

NIFTY was a boomerang today with a volatile session but at the end it gave a end above the crucial breakout of 5600 at 5647. NIFTY has to close above 5600 level one more day to confirm the false formation of inverted head and shoulder. Next resistance level is 5720-5750 which a Fibonacci retrenchment level …

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Nifty

#36 Nifty Update

NIFTY is acting as a JUMPER since last 5 trading sessions with recovery of almost 300 points which is good for us. Market closed at a very crucial point i.e., 5600 level which is a most important level for breakout. Technically speaking today market opened with a Gap of 8 points which is significant. if …

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#35 Nifty Update

Today the fight was between rumors and technicals. Rumors were strong at the start with the high of around 5557 while technicals were indicating a down trend and market made low of around 5496 from thehigh. But at the end rumors were slightly strong and ended up with 18 points up. NIFTY is facing two …

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#34 Nifty Update

NIFTY was a “DOUBLE DHAMAAL” with 2 consecutive bull trading session. This wasnt expected by the market players but as i said in my previous reports market resisted near to almost 5570 levels which is a 200 DEMA. I had even asked you all to buy NIFTY around 5320 levels with a target of 5556 …

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#33 Nifty Update

NIFTY was unbeaten with 151 points to close around 5471. As i had been saying about the crucial level of 5350, today the close has been above that level which is a good sign for the market. Major reason for the spike was relief of the Greece Debt by EU leaders. Commodity prices have seen …

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#32 Nifty Update

Bulls were on the winning edge in the crucial match against bears today. Rahul Dravid , the wall of India saved team against WI yesterday while “wall of stock market” i.e., Reliance Industries saveddalal street with 2.92% not out. Bulls won the match by 41.70 points to achieve the target of 5320. A Bullish engulfing …

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#31 Nifty Update

Today Bulls and Bears were playing a test match where the end result was a draw. NIFTY closed almost flat at 5278 giving no win to either side. All the front line stocks are already so discounted in the current scenario. If we compare the price of each blue chip companieswith its historical prices on …

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#30 Nifty Update

Today NIFTY opened in positive note with some short covering. It was up by almost 60 points but later on it was almost flat. Now we are hearing the case of pledging shares by companies. Yesterday it was GTL while today ORCHIDCHEM pledged its 80% shares and 87% of total is held by McDowell (as …

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#29 Nifty Update

NIFTY opened in red as it was expected due to the global concerns. Today NIFTY made a low at 5356 which was the most crucial for rounding formation as I mentioned in last few reports. NIFTY is trading in too range bound and intraday traders are not able to get much gain from either side. …

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