Monthly Archives: July 2011

Nifty Weekly Analysis for Week starting 1 August

By | July 31, 2011 11:29 am

Nifty Hourly Nifty Hourly formed a double top at 5522 on hourly charts on Friday trade. Double top confirms the downtrend and a close below 50 SMA@5518 confirms the downtrend. Indicators are giving positive divergence but divergence should always be confirmed with price action. On Downside 5472 and 5436 are next valid support for Nifty.… Read More »

Nifty July Expiry Views

By | July 28, 2011 7:53 am

Nifty Hourly Nifty Hourly chart broke below the crucial support of 5535 yesterday but short covering in late hours came and Index closed above this level. Break of 5535 makes Technically Nifty weak and today we will see a gap down opening owing to global cues. Looking at hourly charts if we break 5597 in… Read More »

Nifty Intra day Update

By | July 26, 2011 12:19 pm

  RBI governor did it again the unacceptable and Market does not like surprises.   Repo Rate hiked by 50 bps to 8%, effective immediately * Reverse Repo Rate adjusts 50 bps higher to 7% * Marginal Standing Facility now available at 9% * Cash Reserve Ratio kept unchanged at 6%   Break of 5583… Read More »

Nifty Weekly Technical View For July Expiry

By | July 24, 2011 12:21 am

Nifty Hourly It was a roller coaster Ride for the week which was highly volatile and if you were on Right side would have minted money. At the end of the roller coaster week, the benchmark finally ended at 5634, Gaining .86% over the week. As a Trader identify the market you are trading into… Read More »

Nifty Where it is headed ?

By | July 21, 2011 7:45 pm

Nifty Hourly It has been excruciating/frustrating  9 trading sessions to trade with such a dull market and Sideways. Neither Bulls are making significant money nor Bears. The most important aspect of trading is understanding What Market are we trading into. Are we in Sideways/Trading or trending market. Such judgement will help u in planning your… Read More »