Nifty

#18 Nifty Update

NIFTY opened with positive mark and remained in green today with the close at 5592. Today it was not able to break the neckline for inverted head shoulder and also the 200 DEMA at 5610. We expect some profit booking tomorrow. Good news for Gujarat as Maruti is planning its 7th Factory in Sanand. Gujarat …

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Nifty

#17 Nifty Update

NIFTY today was like KKR in IPL 4, came out with surprises from right to the bottom level to almost 100 points up but as KKR was not able to make up to the finals so did NIFTY couldn’t reach out 200 DEMA i.e., 5612. NIFTY broke out at 5517 level which indeed made our …

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Nifty

#16 Nifty Update

Today NIFTY showed up the emotions for the Friday released hangover 2 i.e., it was interesting but not to keep peoples attention all the way. It opened with some positive woes and as expected didn’t crossed 5517 and came back to almost a flat level. Now we might see some correction towards 5400 level which …

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Nifty

#15 Nifty Update

M back!!!! Had a long break and was out of touch for NIFTY but now I have been back on track….IPL results have been disappointing me but the Corporate results for last quarters are just outstanding and most are beating up street expectations. TATA Group and ADAG Group of companies has been most out performed …

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Nifty

#14 Nifty Update

NIFTY today was too volatile on the downside. It closed at 5749 at our first support and made low at 5700 which was my second support. NIFTY is forming a pennant pattern, breakout of which will bring the uptrend. Breakout of formation is expected at 5900 which will decide the bull run. It made a …

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Nifty

#13 Nifty Update

NIFTY closed in red as expected due to the Expiry pressure. NIFTY closed at 5785 near my second support of 5790. NIFTY daily RSI has crossed 50 from upside signaling a bear strength while stochastic and MACD is also signaling a bear strength. Prices closed below 5/10 DEMA and exactly at 20 DEMA average. Two …

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Nifty

#12 Nifty Update

NIFTY was weak today and closed at 5833. NIFTY is not able to break the upper level nor the down side level. Tomorrow being expiry it is expected to be around 5774-5850. We have noticed a one major thing that quarter results are not much affecting Index this time around. Daily Stochastics, RSI and MACD …

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Nifty

#11 Nifty Update

NIFTY was a bit volatile like KKR’s form in IPL this year i.e., opening was bad start but then recovered gradually to end almost flat. Market mover was SBIN with almost 40 rupees down but at end it was few bugs in green. There were no major negative vibes in CNBC news wire today but …

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Nifty

#10 Nifty Update

NIFTY today was as boring as the movie Dum maro Dum… “Market mein Kucch Dum nahi tha”… It Closed at 5874 with not much momentum on either side. Intraday players of Index option might have faced difficulty in making Intra-Profit. Nifty is still testing the level of 5937 on the upper side.  Today we had …

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Nifty

#9 Nifty Update

NIFTY had third consecutive bull run.  NIFTY tested  the level of 5900 and up but cldnt stay up for much of its time. Today we had 2 important results TCS and RIL. TCS results were given during the market but it was mixed bag so investors didn’t react much actively causing TCS almost down by …

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