Last Week Analysis  as we discussed the First Week of new financial year do end up on positive note and Nifty did follow the history to close with a minor gain of 0.5%.Next Week we have the Q4 results pouring into starting with Infosys on 13 April   with RBI Credit Policy  on 17 April as the most important trigger for next 2 weeks.
In Continuation with the trend I came out with one more Study  how Nifty trades in the April Month.Results were quiet fascinating and are summarized as below

Time …

From 01 April 2012 marks the fresh start of  Financial Year 2012-13. Wishing all Readers a profitable Financial year 2012-13.Nifty closed the Last quarter with a gain of 10.38%. Venezuela Stock Market closed with a whopping gain of 70%
I did a study how Nifty trades in the first week of a new Financial Year.Results were quiet fascinating and are summarized as below

Time Period:31-Mar-00 to 31-Mar-11
Max Gain :11.28% 31-mar-2009
Max Loss :1.67%   30-Mar-2001

Average Gain :2.4%

So Out of 11 Years only 1 year was negative rest all ended in positive.So Hoping for a …

Rule One of the professional trader is: When a stock doesn’t do what you expect it to do, sell it. No hesitating, no questions or doubts raised no conjectures of the way it should have turned out, or might still turn out, no dreams of how it will do what it was supposed to do ‚tomorrow’. The pro never says, ‚I’ll watch it one more day’. He doesn’t phone an analyst who’s been following the company and ask, ‚What’s happening? Is there any news?’ All too often , the delay …

ESSAR OIL

Essar Oil has formed a Pennant Formation on daily charts and formed 2 Doji with less volumes also.
MACD and RSI are also in Buying Mode but Essar Needs to cross and sustain the Trend line resistance at 128 levels for its next upmove.

Buy Above 128 Tgt 130 135 and 139 Sl 123.50

Karturi Global

Karturi is/has been in downtrend from past many trading sessions.Last Thursday there was a huge uptick …