Monthly Archives: June 2009

Technical Analysis of GAIL

By | June 30, 2009 3:52 pm

Gail has formed Multiple bottom around 276-77 levels Now if it crosses 294 we can see 298 302 5 and 13 EMA cross over is also making. So watch out for this one.

MACD Divergence signals

By | June 30, 2009 3:24 pm

MACD Divergence Signals. There are 3 types of Bullish signals that can come from the MACD Indicator. The three types are: a. Positive Divergences b. Bullish Moving Average Crossovers c. Bullish Centerline Crossovers, and … There are 3 types of Bearish signals that can come from the MACD Indicator. The three types are: a. Negative… Read More »

Weekly Stock Picks for trading

By | June 28, 2009 12:39 pm

Hi All, Nifty resumed its weekly Uptrend after closing marginally in greem.This week will see more volatile moves as Budget is on 6 and railway budget will be presented on 3rd.So i can make 2 scenarios 1. Nifty fulfills it’s H&S tgt of 4510 and marches ahead.I have no inkling what will happen once 4510… Read More »

Nifty Technical Weekly Charts

By | June 28, 2009 10:50 am

Hi All, Nifty is forming a Bullish Head and shoulder pattern which is giving a tgt of 4510 in near term.Having said that market as we have already seen a pre budget correction a small pre budget rally can take us to the 4510 levels As far as i am concerned we are in corrective… Read More »

Nifty can continue with bounce tommorow

By | June 24, 2009 5:38 pm

HI All, After today’s small rally Nifty has been forming ascending triangle as i said earlieer and updated 5 and 15 mins charts i m attaching 4317 is levels to watch tomorrow if moves above that than 4347 is on cards downside support at 4284 4276 42685 EMA @4298 and 13 EMA@4261

Unitech Looks ripe for Bounce

By | June 23, 2009 7:02 pm

Unitech looks Ripe for bounce if it sustains above 79 for actually it has formed hammer (not exactly ) which is trend reversal Stocs is in oversold zone It has got good support at 71 odd levels so a dip there can also be used to buy Tgt are 85 94 RIL above 2040 can… Read More »

Nifty forming ascending triangle on 15 mins charts

By | June 23, 2009 5:02 pm

If Nifty holds today lows and we can see positive global cues we can see 4450 in 2-3 days Resistance:4297.45 4344.15Support:4173 4096 For Camarilla Pivot PointsL3:4201.18 L4:4167.01H3:4269.51 H4:4303.68 If L3 breaks go short for a tgtforf 4167and if H3 breaks go long for a tgt for 4303 Another chart came to conclusion after a discussion… Read More »

RIL looking RIPE for Bounce

By | June 22, 2009 5:43 pm

RIL 15 mins chart is attached in the bottom of the Down Channel IF suppose it breaks than we may see 1900 on RIL Better go long keep a SL of 1850 for a tgt of 2012 2100 2125

Trading Ideas for Week Stating 22 June

By | June 21, 2009 4:14 pm

Reliance has a break or Break levels at 2099 If it is crossed can see 2112 2162 2200 and if not can see 2074 2042 1973 1942 Rcom strong support at 295 if dips there can buy with rs 3 sl for 311 325 Levels SBIN excellent support at 1600 Cmp is 1725 Resistance is… Read More »

Nifty Weekly View for Week starting 22 June

By | June 21, 2009 10:26 am

Nifty as said in previous week analysis jas formed a Doji pattern which means a trend reversal is on cards. Nifty closed below previous week low of 4380 a sign of trend reversal but more confirmation will be required will keep u all updated. And after week we are down 6% on Nifty so whats… Read More »