As discussed in last week analysis Nifty Technical Structure look weak and Nifty corrected and closed below 200 DMA on a Weekly Closing basis. GAAR has been delayed by 1 Year and we got a news based rally which got sold into showing the supremacy of Technical Analysis.Last Week we shorted below trend deciding level of 5070 and Nifty stopped its downmove on our last support level at 4905.Click Here to Read the Previous Week Analysis
Election results in France and Greece have once again triggered Euro debt worries as voters …

The Week gone by ended with  CRR (Credit Reserve Ratio) cut of 75 BPS from RBI.  It was a Surprise in term of Timings as we have credit policy on 15 March and quantum. Most Optimistic market participants accepted only 50 BPS, 75 BPS was quiet a surprise as it pumped 48,000 Cores in market.
Another Shock which came late in evening was ISDA (International Swaps and Derivatives Association, Inc.) saying  Greek CDS (Credit Default Swap)Triggered By Use Of Collective-Action Clauses.
Let me explain CDS in layman term:
Suppose you bought a Car …

The Opening Week of New year 2012 was won by Bulls as Nifty closed up by 2% in a range bound and dramatic closing of week as market was open on Saturday also.
One interesting observation i found out on Facebook thought of sharing with readers
On 6 Feb 2010 Markets were open on Saturday and Nifty was trading ,High was 4768 and Low was 4712,4712 remained low for almost 2 years. So do we see the History repeating again ?
Another Interesting aspect for this week gone by was Food Inflation which …

Global Economy has got some more shocks to live with in the coming week
Issue1: U.S. Authorities SUES 17 BIG BANKS for $196Billions OVER MORTGAGES during SUB-Prime Crises
Issue2:“GREECE” IS BACK as Germany and other Creditors not satisfied with Austerity measure and
next round of bailout in on HOLD
Nifty Hourly
Nifty Hourly Chart has shown a vertical rise move from the Low of 4806 on Monday. Nifty got resisted at 5113 on Opening Hours on Friday as it was an Hourly resistance.5058-5067 are important resistance on Hourly chart and crossover of same will …