Monthly Archives: May 2011

Technicals on ICICI bank,Volatas and Allabhabad bank

By | May 31, 2011

ICICI BANK ICICI bank broke out of its falling wedge pattern which is a bullish pattern. Stock has been taking support around 994 levels and giving decent bounces.Stock is approaching another major resistance of 200 DMA @1084. 200 DMA is defining lines between Bulls and Bears Move above 1084 will make the stock to enter… Read More »

Technicals on HDFC,Tata Coffee and Bharti Airtel

By | May 30, 2011

HDFC HDFC has been taking support from its short term rising trendline(drawn in Red) around 635 Levels.Blue Line drawn shows a classic example of support becoming resistance. MACD has generated a Buy and RSI showing postive divergence. Buy above 663 Tgt 669,680 and 690 Sell below 635 Tgt 626,617 and 610     Bharti Airtel… Read More »

Nifty Weekly Technical for Week 31 May

By | May 28, 2011

Nifty Hourly Chart Nifty Did a U-Turn again and took everyone by surprise on its move on Last thursday. This move shows highly unpredicatble nature of market. Market always follow the path of Least Resistance On Hourly chart market has broken the downward trending trendline as Shown in chart. Next level of Resistance comes @5510… Read More »

VIX,Nifty Futures,Bank Nifty and Raymonds Expiry View

By | May 26, 2011

India VIX VIX is the fear factor it and it signifies the the market volatility and prone of falling. VIX has inverse correlation with Nifty.ie. If VIX rises Nifty falls and vice versa. Live VIX CHART(Click on Link to see Live VIX chart) As seen from above chart VIX is trying to cross 200 DMA@21.… Read More »