Monthly Archives: June 2015

Nifty Weekly Technical Outlook for 29 June’15

Hitting the resistance…

Markets always surprise us, and if you just see in flash-back then it may give you some useful insights and lessons, and technical analysis is all about past and projecting future, isn’t it? The week gone by was surely in control of bulls, but when bulls showed their real strength, I think it was only on Monday when Nifty moved sharply higher, and instill confidence in broader market, and I would say that it may have enticed retail participants, post this event Nifty remained in almost 100 point range. Finally, Nifty managed to close above its previous expiry level of 8319, which opens window for further upside, but the move may not be that swift. So how you should position yourself for next week, to read full report you need to Register here (it’s free), and if you are already registered then there no need to register again, you’ll shortly receive newsletter. To read last week’s full report click on this link to download the report.

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Nifty Weekly Technical Outlook for 22 June’15

Positive surprise…

The week passed by gave a positive surprise to Bulls and disappointed the hardcore Bears of the market. If you recollect pessimism in earlier week’s were so high that nobody had thought in his/her wild dream that by the week-end we’ll be standing tall above 8200 on positive remark. To stay afloat into this market you need to remain little flexible, you can’t stay adamant to your idea and analysis, otherwise you might put yourself in big trouble. And you need to stay true to yourself, if you fall in trap of lying with yourself, then I think it is biggest loss of yours, because it is not you are lying to yourself, but you are not ready to listen what market is saying, and as we know “Market is Supreme”, so be honest to yourself. If you are reader of my newsletter then you must know that I am the first person to admit my mistakes, and move forward. Now first take a look at what happened last week, and what to expect in coming week.

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Nifty Weekly Technical Outlook for 15 June’15

Stock market is a reflection of an economy, and price is a reflection of state of healfishermanth of economy.  As Martin Pring noted in his book, all price movements have one thing in common: They are reflection of the trend in the hopes, fears, knowledge, optimism, and greed of market participants. The week passed by was nightmare for hardcore bulls and rejoice for bears, however I believe that ratio of bulls should be higher in compare to Smart Bears. In hindsight, move of Thursday was a trap for small fish (read as retail participants) by Fisherman (read as FII’s and few large institutions). Once again last week set an example for us, and we should learn from that, and restrict ourselves from committing same mistakes again and again.

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Nifty Weekly Technical Outlook for 08th June’15

Success is a journey, not a destination.  The doing is often more important than the outcome. – Arthur Ashe.

In the beginning of this month markets gave an indication of northward moves, but the hope of recovery lasted only for a day, and on Tuesday when RBI announced 25 basis point Repo rate cut, market gave up all the gains, and to some extent monsoon forecast which release just after the rate cut added further fuel in selling pressure. Nonetheless, I was expecting positive move, and my anticipation went wrong, however I was very well aware that I am taking a contra bet, as most of the factors were not in favor of bulls, but I prefer to take my stand. In the coming week some Global tensions will decide our forte, which is out of our control, in that scenario let’s see what technical charts are suggesting us and how we should position ourselves, against the odds.

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Nifty Daily Chart

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