Nifty

Nervous close but high might not be the end

Nifty as expected gave a master blaster start above 7900 and pinched new high which is at 7940 but than we closed nervously around 7890 with a gravestone doji on daily charts. After a last 30 mins furious sell-off on index, traders on D-street have started targeting nifty 7500?  I mean how insane is that ? a minor knee-jerk reaction cannot shatter upside …

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Nifty

Nifty could kick start a 200 points rally tomorrow!

After a volatile profit booking in last two weeks, we could now kick start a rally tomorrow on Nifty index. As i had been mentioning 7777 as crucial level, today we did breach it for few seconds but we have maintained it as support on closing basis and still remains further. On weekly chart that level is …

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Nifty

Nifty reached my Pit stop of 7909!

Finally Nifty has showed path to my destination 8265 by achieving my first tgt of 7909 which was even 50 WSMA resistance.  Though indicators on daily charts are on overbought zone but they have given Bullish Crossover internally to signal short term positive momentum. Todays move would be further fueled with CPI and IIP announced today. Markets have been also in confidence …

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Nifty

Todays Trade has alot to say!

Just yesterday i talked above 8000+ levels on Nifty and today opening trade would have given a nightmare to most of you but those who took this as a opportunity as a trade on my recommendation, Hats off!  You might have even read on my post that i mentioned above a minor profit booking anytime and …

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Nifty

Nifty approaches Minor Wave Resistance

Most of you would have felt that today was a boring day but technically Nifty has been approaching Resistance zone of 7909 which is why we have slowed down a bit. Though thats  just my  first target but still we need to be cautious around the level because today we have a got a Spinning top on daily chart as marked by …

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Nifty

Bull’s ride on D-Street

Until Thursday close i was sure about Nifty strategy of buying on dips but friday’s volatile session had ended up everyone in confusion. But as i mentioned on that day, we should still be bias on Buying on dips and today’s close has cleared all confusion on Nifty index. As you all can notice in graph, we have …

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Nifty

Nifty ends with Confusion

Today was ought to be Decider between Bulls and Bears on Nifty but it ended with confusion with almost No change today. Technically as i mentioned 7690 was crucial zone and we did trade for fractions of seconds but as i always mention, what counts is closing. On other side 200 day SMA resistance which was at 7777 didnt trigger at all …

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Nifty

D-Day for Nifty Tomorrow

Nifty has been trading in strict range of trade since last few sessions and volatility has ended traders into confused zone. But now tomorrow is a D-Day for the Nifty deciding May expiry future. As we all can mark in the attached chart, Index has been taking support at 7690 level which is trend line support of …

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Nifty

Get ready to Drive your Jaguar!!

Tata Motors have been most under-performing stock in Auto Industry in recent past but now its time be the out-performer in coming months. Stock has tested sub 300 levels twice last year and while testing so it has created a Double bottom  pattern on weekly charts of the stock. Have outlined Double bottom pattern on the adjoining chart, …

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Nifty

Crucial Week on Nifty Chart

Haven’t talked about Nifty chart since few days but was trying to study charts from different angles and now i have came across some crucial outputs from my study this weekend. As i had talked about a weekly channel breakout last week, we have almost confirmed with second close on Friday but it closed with a nervous feeling. …

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