Month: January 2009

Nifty is forming Lower Highs and Lower Bottom.My immediate tgt will be 2500 Nifty as can be inferred from the charts

he big news in the markets right now is undoubtedly L&T hiking its stake in Satyam Computers to 12% and stating that it is open to hiking it further to even 15% soon. There is major concern on the streets about how this would affect the core business of L&T. As one market punter put … Read more

Hi all Happy Republic Day to all Hope u all njoyed Long weekend. Nifty has Closed below 2700 which was considered very crucial support.Now we are in a very precarious situation,If news on global front continue to be negative we can see levels of 2500 Nifty. Please refer to the chart for my observation.So it’s … Read more

Hi all Hope you all had Rocking week.Now coming is week is very interesting from the perspective of Results as Index Heavy Weight will come up with there results (Reliance HUL Rcom) Nifty is facing strong Resistance at 2860 and once it crosses that we can see 3k Levels.Support comes at 2700 if that breaks … Read more

Click on Image to enlarge

Market has opened gap down. On the daily charts, Triangle pattern has formed in nifty and has support around 2700. ABAN is highly oversold zone can see a very can see good bounce support at 574 and 557 LIC Housing Finance can see 250 and 256.5 Rel Capital now faces resitance at 424 can see … Read more

Hi all Nifty after going down for almost 5 days in a trough has shown a pullback and closed above 2830 which was crucial today. Weekly calls archived there tgts.Hope some would have made money Now resistance is coming at 2864 where 5 EMA Lies Rel Capital is formed double bottom around 400 levels and … Read more