Monthly Archives: August 2015

Nifty Weekly Technical Outlook for 24 Aug’15

Real Challenge

It seems that now situation is in favor Bear camp, honestly for them everything fall in place, because I am damn sure no Bears have expected such tumultuous situation which took place during last week. Global markets are under great uncertainty and currencies & crude are adding further vigor to it, in fact everything is interconnected and you can’t speak one in isolation. All in all now it is a Real Challenge for Bulls – Bulls are all those guys who are already long in the market, some are with their prized savings (Investors, Traders), some are with others savings (Mutual Funds) all are going face tough times. So let’s for next week how trader should position themselves keeping ongoing chaotic situation.

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nifty chart 24 aug

Nifty Weekly Technical Outlook for 17 Aug’15

Happy Independence Day

Momentum is not the only trade…

Last week was another super challenging week for all of us, Monday-Profit Booking, Tuesday-Sell-off continued (Parliament logjam), Wednesday-Yuan worries, Thursday-CPI data came and gave minor relief, and lastly Friday-WPI and hope of another rate cut and reschedule of Parliament session. So by Wednesday people started talking about sub 8000 levels and suddenly on Friday hope of new highs. Now it becomes a fashion to drive by momentum, you’ll see very rare talks about standing contra to momentum, as fear of failure may take front seat while speaking anything contra. So let’s see whether we should go contra or join hands with momentum.

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outlook on nifty 17 Aug'15

Nifty Weekly Technical Outlook for 10 Aug’15

Markets in confused mode…

I always believe that reading market is an art, as you are trying to read the mindset of mass which includes smartest of smart guy and dumbest of all, but ultimately crowd gets segregated in broadly two category, one camp who has Bullish bias and another with Bearish Bias, there is another group of people who likes to keep mum but relatively number could be small, as compulsion of trading would not allow many to step aside (even though they knows the fact). So we have mass divided broadly in two categories-but what if, both groups get confused? Neither Bulls are ready to take charge, nor Bears are aggressive enough. It seems that currently Nifty is passing through such phase and nobody is clear to take firm stand. Let’s try to analyze and see where the probability of winning is favorable, that’s what we can do, rest market will tell us whether our assumptions went right or not.

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NIFTY WEEKLY OUTLOOK 10 Aug 2015