Monthly Archives: February 2009

Nifty 50 Weekly Outlook

By | February 15, 2009 8:01 am

As visible from the Data NSE 5-Day Simple Moving Average 2924 NSE 21-Day Simple Moving Average 2820 NSE 5-Day EMA 2911 NSE 13-Day EMA 2870 NSE 21-Day EMA 2860 SO as per the analysis 2860 and 2870 will provide support and if that is broken than 2820 and 2790Get ready for a bear Hug

GOLD and CRUDE Charts

By | February 12, 2009 4:10 pm

West Texas Crude is testing the band of support between $33 and $35/barrel. A close below $35 or intra-day break below $33 would warn of a down-swing to test the 2003 low of $20. The target is calculated as 35 – (50 – 35).Spot gold broke through resistance at $930, indicating another test of $1000.… Read More »

Reliance Industries Technical Picture

By | February 10, 2009 5:15 pm

Reliance Bears are again getting an upperhand Entering in its resistance zone of 1400-1425 today also unable to cross MACD and Bollinger Band are in upper end of range Stocks should show a Breather and still in a range of 1240-1425 either one should break on lower side Can be shorted with 1425 as Sl… Read More »

Indication from Twigg’s Money Flow Indicator

By | February 9, 2009 3:46 pm

The Sensex continues to test resistance at 9500, influenced by positive sentiment in the US. Breakout would offer a target of 10500, while respect would test primary support at 8500. Twiggs Money Flow (21-Day) reversal above zero would signal buying pressure. In the long term, the primary trend is down and reversal below 8500 would… Read More »

Nifty 50 Outlook and Stock Trading Ideas

By | February 8, 2009 10:46 am

HI All Nifty is poised to open gap up tommorow BUt levels to be watched are 2889 and 2905 on closing basis VIX index has broken out of range and is above 50 which is danger sign for bulls TRIN and SCO widget have been addedSCO if above 98 is definatley a short and near… Read More »

Sensex nad NIfty Outlook for 2009

By | February 8, 2009 8:32 am

The Nifty (Sensex) is in the process of completion of its correction from the 6200 (21000) levels. It seems currently to be in acontracting triangle formation (lower tops & higher bottoms), the chances of which favour a downside breakdown with target marginallysouth of 2000 (7000). This move should happen by April 2009.Broader moves occur in… Read More »

Nifty 09-13 feb 2008 Weekly Outlook

By | February 7, 2009 11:52 am

Weekly charts are showing Inverted H&S, Engulfing weekly candleIt shows an up move if we are able to close above 2900.Weekly Support 2720-2660, Weekly Resistance 2950-3040-3100Nifty is strong and week above 2810

How to trade Gap Up’s

By | February 5, 2009 3:18 pm

Gap Trading is a bit controversial since everyone has a view about how to trade what kind of gaps. Here is a article which seemed to explain in detail about one of the ways to trade Gaps.The framework of the ‘rule’ has two phases: 1. The market generally will close at least 50% of an… Read More »

Why the Dow is holding at 8,000

By | February 4, 2009 10:26 am

TO MOST casual observers, the fact that the Dow Jones Industrial Average (DJIA) has bounced back every time it dipped below 8,000 points (see attachment) over the past few months – even when there is bad news – suggests that the 8,000 mark is where the ‘support’ or the magical ‘market bottom’ lies. This means… Read More »

Nifty 50 short to medium term view

By | February 3, 2009 3:18 pm

Nifty is forming a Ascending triangle Now needs to be which side we will break out above 2854we can touch 2902 and 2930 and downside belowwe will find support at 2720 and 2702 and 2665 Below that 2500 and we will break the trading range.Lets see whats is in store for us Time will only… Read More »