Category Archives: Negative Divergence

negative divergence between price and oscillator

Nifty Weekly Technical Outlook for 08th July, 2013

Nifty as on 5 July, Weekly Chart

Nifty as on 5 July, Weekly Chart

Nifty Technical Analysis, Daily Chart

Nifty Technical Analysis, Daily Chart

Be Flexible to ride the choppy move…

Sometimes market gives you a chance to earn and builds your confidence, and sometimes its thrash away your gained confidence, and you start doubting yourself, whether I was right or wrong. If you just try to interpret story of market legendary then you will learn that this legends has struggled with their ego, with their emotions, and accepted all the challenges they came across and gradually they succeeded to defeat them. I used word gradually, because its not one day job, its ongoing process for every traders.[stextbox id=”info” direction=”ltr” shadow=”true” float=”true” align=”right”]To Know about Option Alphas Click here[/stextbox]

Last week, market thrown challenge to every trader and many got trapped, many felt disheartened and many started evaluating new strategy for the market. Let us confess, we are not immune to this phenomenon.

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Nifty Technical Outlook for 20th May, 13

Nifty as on 17 May’13 – 6187.30

Nifty as on 17 May’13 – 6187.30

Nifty as on 17 May’13 – 6187.30 (+80.05)

Nifty as on 17 May’13 – 6187.30 (+80.05)

From above charts of Nifty, few things I would like to high light here.

  • As we already know that Bank Nifty has not only tested but settled above its lifetime high, whereas Nifty still laggard. From Friday’s closing, Nifty has to run from 151.20 points to retest the swing high of 6338.50 posted on 5 Nov’10.  As such it is not very big target for Nifty, but sometimes even you can lose match at last ball, you never know.  Continue reading

Bank Nifty Technical Outlook for 20th May, 13

Yes friends, it is not a just coincidence, when in last weeks article, we mentioned that “Bank Nifty Marching ahead to test all time highs…”

At Way2Profits, we always say what we feel.

Bank Nifty as on 17 May’13 – 13317.10 (+536.95)

Bank Nifty as on 17 May’13 – 13317.10 (+536.95)

From above charts of Bank Nifty, few things I would like to high light here.

  • In the last week Bank Nifty already tested all time highs of 13303.60 and finally settled higher at 13317.10, whereas Nifty is lagging far behind to test these highs

(To read further download the article)

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