Nifty

Nifty, a perfectionist!

“Perfection is not attainable, but if we chase perfection we can catch excellence” and its just the case for Nifty traders since channel breakout a month back. If you have been chasing this perfect support of channel you would have attained excellence in profits.  Had been recommending to carry forward longs with the trailing SL of 8480 and its still holding. …

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Nifty

GST booster takes momentum in third gear!

This week has been just like another Dream Run for all traders in India but ofcourse it was associated with one of the most volatile week in recent times. Last week i mentioned about  GST Booster for Nifty which did work at the last moment of the week. As its always believed, boosters are used to overtake components with surprising speed and …

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Nifty

Traders have pressed GST Booster!

Markets have moved unexpectedly for those who did not gave attention to my last two posts but those who read it have earned many points on Nifty and we were left just few points away from my target of 8720! Its always tough to reach last lag of a game and it just seems the case here. Bulls MIGHT have to …

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Nifty

Why closing is more important?

In my last two post i had been repeatedly saying that the overall trend of Nifty has turned positive with upside target of 9800  but had also mentioned about a knee-jerk reaction with minimum target of 8480 and we did achieved it tomorrow. But after profit booking we saw strong up move back in last two session. Some might say its a …

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Nifty

Volatile week expected

Markets have been pretty volatile these days and we can still expect the same in upcoming week as the daily charts suggests. As marked in the attached chart. Nifty is swinging between steep upward sloping channel since last few days and now we can expect some correction before trend resumes towards 9800 as i mentioned in my previous post in Nifty section. We …

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Nifty

Time for investors to be Active!

Nifty has been quite volatile since last few expiry but during this time it has given a birth to probable inverted Head and Should pattern on weekly charts. Neckline of the pattern which is considered to be breakout line of the pattern was at 8370 two week back but confirmation is considered only if we get 2 close above the same and i am expecting that …

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Nifty Nifty Bank

Market closed at resistance

Finally today both the averages, Nifty and Nifty Bank, have converged at on charts! Until yesterday Nifty bank was under-performing Nifty by almost 1% but that gap has been filled up today where Nifty bank out-performed Nifty with almost that same lagging difference. Indicators are yet showing some strength for the bulls on weekly charts but today markets closed near strong resistance on the channel line. Though it …

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Nifty Nifty Bank

Nifty bank has all chances to out-perform this week!

Nifty bank has been a under-performer in last two weeks compared to Nifty Index.  But now looking the pattern on Nifty Bank daily chart is moving in a strong up channel and is appearing Upper resistance line while Nifty has already reached that trend line on similar pattern today. Technically, indicators have also given internal signal line crossovers to show still valid momentum …

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Nifty

Cautious view to be continued….

Weekly channel which i mentioned last week is still intact and the range which was crucial for breakout has not been breached yet signalling a tight range bound movement this week. While being volatile Nifty almost burnt fingers for day traders. Technically speaking, Nifty weekly chart is showing mixed signs which means cautious view to be continued…. Looking …

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