Nifty made a new 16 months High today.Banks Stock were the flavor of the season. But Negative Divergence is observed in both RSI and Volumes Short term trend line support is at 5010 Support:5058 5029 5010 4975 Resistance:5112 5141 Buy GAIL if it breaks 366 tgt 370 375 380
Zee Entertainment Looks a good buy above 238 Buy for a target of 241 245. Sensex has good trend line support 14462 till that is not broken we are in a uptrend. Trend line support can see another upmove of 100 points
GTL Infra an excellent Trade is making.Range Breakout with volumes. Tgt 43 45 48 sl 38 Refer the above charts Sesa Goa after a good run up corrected last friday on some FCCB news Now technicaly speaking stocks is a good buy in range of 251 -245 sl 235 tgt 267 277 282
Hi All, Seasons Greetings to all Blog Reader The Week gone by was an expiry week and Nifty ended up the week at just 0.33% up.In absolute terms we have outperformed our peers where all Asian markets were down between 1-3% we were up by 0.33%.Till how long this out performance can continue? China’s Market… Read More »
Hi Readers,Happy Dussera to alll. For all my readers i am presenting maxims which if implemented can be a great help. 1. It’s all about survival. No platitudes here, speculating is very dangerous business. It is not about winning or losing, it is about surviving the lows and the highs. If you don’t survive, you… Read More »
John Murphy Murphy’s laws of technical tradingIntroductionJohn Murphy’s ten laws of technical trading explain the main ideas to beginners and streamline the trading methodology for experienced practitioners. The precepts define the key tools of technical analysis and show how to use them to identify buying and selling opportunities. 1. Map the trends. Study long-term charts.… Read More »
As I look back , remember with heart full of gratitude the instrumental hands that shaped it up ,motivated and encouraged me with kind & critical inputs. Thanks all for showing your interest in the Blog.This milestone will help me in working harder and give my best in the coming days. My readers, those who… Read More »
CLICK ON IMAGE TO ENLARGE Nifty after taking support at 4906 today made an intra day high of 5016.It has keep it head above 5MA at 4984 but in the process broke the Channel in which it was trading. Now Scenario which is emerging is it can break the today’s low and can take support… Read More »
SBIN has Resistance at 2222 amd 2255 Trend line and channel break out around 2100 So buy on dips RSI at 96.5 so stock is waiting for correction.
Trend line Breakout with volumes. MACD and RSI giving buying Signals Target: 395 420 sl 370 Century Textile buy above 514 target 524 530 sl 480 Buy Axis Bank above 930 tgt 950 990