Monthly Archives: July 2009

NIfty Weekly View

By | July 5, 2009 11:28 am

Hi All, Nifty is under the formation of HnS Pattern which is bearish in nature. 4470 Should prove good resistance and 4510 levels should be watched very closely Any Weakness observed at this levels will confirm a bearish HnS Pattern with neckline placed at 4170 levels and if that is broken gives a tgt of… Read More »

HIGHLIGHTS OF THE RAILWAY BUDGET:

By | July 3, 2009 4:22 pm

Ø Focus on passenger safety, amenities and punctuality Ø To develop 50 stations at tourist and religious places with internal facilities via PPP Ø Upgrade CST, Pune, new Delhi, Jaipur, Howrah Ø Computerised tickets from 5000 post offices Ø 50 mobile vans to sell train tickets Ø AC double decker trains for inter city transfers… Read More »

Nifty 5 mins charts

By | July 2, 2009 6:51 pm

Nifty 5 Mins charts are presented 4250-60 with few whipsaws is acting a strong support Most probably will be tested tomorrow.Before that todays low 4288 will also prove to be an important support Well if 4250 is broken than 4170 is on cards On upside 4440 will prove to be strong resistance FII buying since… Read More »

Why the Dow Is Headed to 6000

By | July 2, 2009 6:00 pm

By: Serge Hagopian The global capital-market rally since the March lows was a great trading opportunity, but the rally may have been based on shifting-sentiment (as opposed to structural improvements in the economy). The market was “pricing in” (or hoping for) a quick recovery; even though there was no evidence to suggest clear-&-compelling improvement in… Read More »