Nifty Fibo Retracement Nifty Fibonacci Retracements from 5217-5815 are drawn in above chart,Major support at 61.8% Golden ratio at 5585 and Resistance at 5687 Nifty Fibonacci Fans As discussed earlier Fibo Fans helps in finding potential tops and Bottom of market from short term prospective. If we see the chart closely Nifty has formed a… Read More »
Mario Draghi has opened Bazooka for Bulls with its new Bond buying program Outright Monetary Transactions(OMT). S&P hit 4 year high Nasdaq at 12 years high Gold moved to 1740 $ Euro at 1.28. The Financial market love one world in short term which is Liquidity and as a trader never fight the power of… Read More »
GAAR panel draft report came up yesterday and the changes proposed by Shome panel are market friendly. Read the report by clicking on the link. Fed chairman at Jack Holes did not disappointed the market by saying QE 3 on cards but did not announced at Jack’s Hole meeting. Read the Fed speech by clicking… Read More »
Nifty continued with its positive rise 4 week in a row with rise of 20 points WoW basis, gains were trimmed at the end of session. Next week, the market will be focused predominantly on the Jackson Hole Symposium which will start on Wednesday and end on Saturday. Fed’s Bernanke and ECB’s Draghi will be… Read More »
Nifty was up 7.3% during the week after 4 weeks of consecutive loss taking cues from the global stock markets. Revival in foreign fund flows and bargain hunting at lower levels drove markets higher. It would be interesting to see how the next week pans out lets see how we are technically positioned for trade… Read More »
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… Read More »