Monthly Archives: January 2014

Nifty & Bank Nifty Weekly Technical Outlook for 03rd Feb, 2014

Nifty Daily Chart

Nifty Daily Chart

Bank Nifty Daily Chart

Bank Nifty Daily Chart

 

Winners make a habit of manufacturing their own positive expectations in advance of the event. – Brian Tracy

Well, we have to agree with above quote. It is said that if you don’t believe in yourself than nobody is here to believe in you, so first you have to believe in You. Time and again we are saying and it is proved that nobody can stay right all the time in the market, even best of best traders are ready to accept their defeat and that is why they are best and winners, but even to prove wrong you have to have view and confidence in your understanding or for that matter in your trade. Yes, there is very thin line between faith, confidence and overconfidence.

Last week, Bears have confidence in their working and they proved it, but fruits of success were available only for that trader who has smartly taken position on Friday only, because there was choice available on Monday, as market opened sharply lower.

To understand and trade wisely let’s take fresh look on the market and see whether we can take something out of it or not?

From last year or so we are helping our readers to reduce the confusion, and give straight view. If you want to know on which side of the market should you take the stance, than just subscribe to our weekly newsletter. Click here to register,

Nifty & Bank Nifty Weekly Technical Outlook for 27th Jan, 2014

Bank Nifty Daily Chart

Bank Nifty Daily Chart  

Nifty Daily Chart

Nifty Daily Chart

 

Patience, persistence and perspiration make an unbeatable combination for success. – Napoleon Hill

What happens when you are extremely hungry and about to start your food and suddenly cell phone starts ringing! Your first reaction would be just to ignore the phone, but your wife looks at the mobile screen and it was none another than your Boss. Now you don’t have a choice but to answer it. And, just to stretch further, if you have to rush for some emergency leaving aside your food, what would be your mental status at that point in time? Exactly, that is what is happening in the markets. Last to last week, it was quite evident that Bears have fare chance to control the game, but that could not materialize, and in last week when it was Bulls who were very close to knock the door of victory they turned down in last Friday. And now it is the situation, where neither party can gulp the bite, and to one more complexity will be added during this week will be expiry.

Let’s take holistic view and see what stand we should take during coming week.

From last year or so we are helping our readers to reduce the confusion, and give straight view. If you want to know on which side of the market should you take the stance, than just subscribe to our weekly newsletter. Click here to register,

Nifty and Bank Nifty Technical Analysis for 14 Jan’14

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 and turn in sync with the market, which was likely to go lower. In fact, we also mentioned that even though Bank Nifty pierce 11000 level, but ideally it would not hold below this level. And see what happened, market moved sharply higher. Even by putting best of understanding and price behavior you had a fare chance to go wrong, and market proved us wrong, for a day.

Now, what to expect? Taking contrarian view, it is possible that once again market may trap the bulls who have taken fresh position today by moving in a sideways.  On an optimistic note, Nifty can test 6360+ levels.

Bank Nifty if holds above 11000 than it is fine, but below which there is no meaning to stay long. If there is real strength in Bank Nifty than we would like to see close above 11150 level, otherwise we will take this move as a trap.

Keep visiting Way2Profits, for genuine & unbiased Daily view on the Nifty and Bank Nifty.

Nifty & Bank Nifty Weekly Technical Outlook for 13th Jan, 2014

Nifty Daily Chart

Nifty Daily Chart

Bank Nifty Daily Chart

Bank Nifty Daily Chart

Head Bulls Win – Tail Bears Win!!!

It is during our darkest moments that we must focus to see the light. – Aristotle Onassis

In line with our expectation clouds of uncertainty was weighing heavy on the markets, and we could not see much action in most of the counters, but it was Infosys who grabbed the attention of the market, although price action was moderate, but as always earlier years superstar remains superstar.

At this juncture market is in clear uncertainty, because whether you heard Bullish story or Bearish Story, both have their own validity and almost equal probability. So, is it just matter of toss, Head Bulls Win, or Tail Bears Win. And above that you have your own and you got more confused, because you also had Fear, that if I may go Wrong than?

From last year or so we are helping our readers to reduce the confusion, and give straight view. If you want to know on which side of the market should you take the stance, than just subscribe to our weekly newsletter. Click here to register,