Monthly Archives: June 2009

Nifty Possible Moves for Tommorow

By | June 18, 2009 5:19 pm

Well after 2 days of relentless selling and turning each and evey analyst to give some bearish move i have some ray of light for ppl who went long in dying hours of trade As seen from the charts if we move and sustains above 4270-80 range tommorw than possibly we are haeading towards 4343… Read More »

Technical Analysis of LIC Housing

By | June 18, 2009 3:05 pm

LIC Housing Housing looks in an uptrend channel today took support at the bottom of the channel and took support at 13 EMA. Should give a good bounce and if the support of 545 breaks go short with rs 5 sl and Buy above 556.50 Levels needs to be watched Resistance:561 576 600 Support :552… Read More »

Today Blog got it’s 26000 Hit

By | June 16, 2009 5:21 pm

Hi All, Thanks for the immense support which all the visitors and Blog followers have given for the Blog to Reach 26K mark (Which is a dream number and an elusive one to me ) in a short span of time. I would try to work with more dedication and commitment as ever before and… Read More »

VIX and S&P

By | June 16, 2009 4:26 pm

Many technical analysts were alarmed yesterday because the VIX closed at 30.81. Why the concern? Because over 30 is currently considered a reading that has been associated with past stock market drops. One day does not make a trend, so more than one day would be required to confirm a trend change. At the same… Read More »

POSITIVE APRIL IIP – ARRIVAL OF THE GREEN SHOOTS!

By | June 14, 2009 4:54 pm

As expected by all, the much awaited improvement finally came in! March 09’ might well have been the last of the contraction that we have seen. April IIP numbers does indicate a cause for some celebration. April IIP was in the positive at 1.4% v/s the contraction of 2.3% in March. Electricity continued to grow… Read More »

Nifty Weekly Ideas and Trading Tips

By | June 14, 2009 3:08 pm

Hi All, Hope you all had a wonderful Week.Nifty had a dream run going down by 157 points on Monday and than touching a high of 4703 on Future on Friday before surrendering its gains inspite of good iip Numbers.So what does it suggest and coming on Sensex, Sensex kept up the façade of an… Read More »

Technical Analysis of Reliance EOD charts

By | June 11, 2009 5:52 pm

Reliance the Index Heavyweight and the Poster Boy is truck in a Channel from 2128 to 2330 and currently trading at the top end of channel.Prudent trade will be to take long only above 2350 for a target of 2400 2478 2520 and if suppose if 2087-2094 breaks on down side than we have a… Read More »

Channel Formation in Kotak Bank

By | June 9, 2009 6:13 pm

Kotak Bank is showing a Channel formation in Daily Charts,Now what i feel is it is in a range of rs 600 to 703 and right now at upper band. Now buy Kotak bank above 704 for a tgt of 725 750 and short below 600 for a tgt of 571 and if it breaks… Read More »

Evening Star in Nifty EOD Charts

By | June 8, 2009 6:37 pm

Nifty EOD Daily charts are showing Evening Star formation. Now first lets see what exactly is this Evening Star and its implication 1. The first bar is a large white candlestick located within an uptrend.2. The middle bar is a small-bodied candle (red or white) that closes above the first white bar.3. The last bar… Read More »