Monthly Archives: November 2010

Technical on Hindalco,Bharti and US Dollar

By | November 30, 2010

Hindalco Industries Stock is moving into channel but closed below 5 Day Low EMA and Dollar index crossing 80+ can hurt the stock on upside and downside will continue. Short Hindalco below 201.40  Tgt 200.6 ,197.5 ,194.2 ,191.2 Sl 203.9 US Dollar Index Charts US dollar crossed 50 DMA @78 and moving towards 82 levels… Read More »

Will Nifty Future Bouceback in December Series?

By | November 26, 2010

*About Bull Market Corrections** We look back to 17 years of market (BSESensex) history to assimilate data on bull market corrections. There have been four bull markets over the past 17 years (including the current one), and within those bull markets there have been 32 corrections of 5% or more (including the current one). The… Read More »

Another Scam in Indian Market LIC/Central Bank of India and BOI

By | November 24, 2010

Another Scam Brewing in Indian Stock Market Central Bureau of Investigation (CBI) had questioned the top officials of the two entities in connection with an alleged multi-crore fake home loans scandal. Shares of LIC Housing Finance and Central Bank of India plunged in late afternoon trade on Wednesday after media reports suggested that the Central… Read More »

Technical Views of Varun Industries,Tata Steel and Infosys

By | November 22, 2010

Varun Industries Varun Industries is in long term uptrend stock and its bull market rally from 120 to 240 was quiet notiecable and fast. Stock consolidated after making  a 100% move and now is consolidating in the range of 216 and 247. Till the stock trade in the range of 216-247 trade this range. Once … Read More »

Nifty Weekly Levels for Expiry Week

By | November 21, 2010

Equity benchmark indices crashed for the second consecutive week, led by a fall almost in all most all sectors wherein the NIFTY has lost more than 422 points (6.7%) in the last two weeks to settle below 5900 – another psychologically important level with the SENSEX dropping by over 1419.5 points (6.76%). Daily Chart Technically,… Read More »

Nifty Forms Bullish Hammer Candelstick Formation

By | November 18, 2010

Bullish Hammer • Direction: Bullish • Type: Reversal • Reliability: Moderate After an established downtrend • Hammer candles have a small real body that forms at the upper end of the days trading range • The candle can be either blue or red, analyst usually do not differentiate. • Lower wick at least twice as… Read More »