Nifty and Bank Nifty Technical Analysis for 14 Jan’14

May 1, 2013

Nifty as on 13 Jan’14– 6272.75 (+101.30)    Bank Nifty as on 13 Jan’14– 11021.60 (+216.30) See the classic case, how market can trap us. Up till last Thursday we had a strong feeling that market may go higher, but looking at Friday’s price action we were forced to review our stand an

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Nifty and Bank Nifty Technical Analysis for 07 Jan’14

May 1, 2013

Nifty as on 06 Jan’14– 6191.45 (-19.70)    Bank Nifty as on 02 Jan’14– 11049.05 (-132.60) There is nothing much to infer from price action. Only Banking Index is turning weak, but still support of 11000-10900 is intact and CNX IT index may cool-off, but it is early to comment on it.

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Bank Nifty Weekly Technical Outlook for 24th June, 2013

May 1, 2013

Bank Nifty Weekly Technical Outlook for 24th June, 2013

[caption id="attachment_1790" align="aligncenter" width="300"] Nifty Weekly Chart as on 21 June’13 – 11340.15 (-582.70)[/caption] Time and again it is observed that traders need a lions heart to trade in Bank Nifty, as movements are so sharp many a times that, in fraction of movement you can

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Update as on 27 Feb'13

May 1, 2013

Will Nifty continue to upmove?  Answer is not sure. But Yes, for sure Nifty will continue to surprise you. If you are trader, day trader than you must be having an experience that on budget day what could be volatility, if you cannot digest it, please stay away for day or two. For me, as of now

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PMS Update as on 06 March’ 2014

May 1, 2013

PMS Update as on 06 March’ 2014

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Nifty trading strategy for 18 Apr'13

May 1, 2013

Nifty trading strategy for 18 Apr'13

Nifty as on 18 Apr’13- 5783.10    Bank Nifty as on 18 Apr’13- 12288.25 Yesterday, I partly went right and partly wrong. I was expecting Nifty to consolidate and may be weaken slightly, before moving higher again. But I proved wrong and Nifty moved sharply higher. Similar to that, I mention

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Tata Steel – Opportunity for Investors to look in

May 1, 2013

Tata Steel – Opportunity for Investors to look in

[caption id="attachment_1073" align="aligncenter" width="300"] Tata steel as on 3 May’13 – 311.20[/caption] Tata Steel was consistently falling from the beginning of 2013, till last few days. As depicted in attached chart, prices were falling in a channel and recently it broke out from this c

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