Monthly Archives: January 2011

Nifty mauled by bears Will BUlls comes for rescue?

By | January 29, 2011 8:59 am

Nifty Daily Chart Nifty Daily chart post a grim picture we have broken 200 DAM and sustained below it for 2 days.Medium trend charts shows break in trendline from the rally started at 5460 levels to 6100. RSI is oversold and MACD is also giving bearish signal.Whole street is bearish and looking at the way… Read More »

Nifty Breaks 200 DMA

By | January 27, 2011 4:02 pm

Nifty Hourly Chart Nifty Hourly chart are in oversold zone and a fierce bounce can come which can take indices back to 5709 levels which is middle bollinger band. On hourly chart RSI and STOC are in oversold region. If we continue fall we can see levels of 5500 on cards where we can see… Read More »

Nifty Weekly View for 24 Jan 2011

By | January 22, 2011 1:23 pm

Nifty Daily Chart After 2 Weeks Nifty was able to show some green tick on weekly charts after a roller coaster trading with a gain of meagre 0.74%. As seen in Daily chart Nifty in short term is trading in lower down trending channel while long term trendline is still intanct on Daily chart which… Read More »

Nifty Technical View for Jan 21

By | January 21, 2011 3:17 am

Nifty Hourly Chart Nifty Hourly chart is showing a trading range of 5630 – 5750 levels As shown in chart break on either side of range will give a breakout and some quick points can be minted. Buy above 5750 Tgt 5771,5761,5803 and 5825 Sell below 5692 Tgt 5655,5630,5606 and 5550 Nifty Daily Chart Trading… Read More »

Nifty Pullback Started

By | January 12, 2011 6:44 pm

And it happened again When all Street was short and the surprise rally in spite of a pathetic IIP number which came in middle of afternoon. Let see technically what happened: Market was crashing like a pack of cards from past 6 days. FII sold just 3000 cores and people got fearful on the way… Read More »