Nifty Technical View

Nifty has closed below 5 EMA after phenomenal after the European opening and saw a good recovery. Now as per my TA you we have closed below 5 EMA which is at 5012 and 71.6% retracement also as show in charts attached above. We can see rally tommorow as asian markets should open higher but … Read more

UAE: Dubai Government calls for debt restructuring by state companies

Got this report on Dubai Crises from JM Read this for Clarity on Dubai Crises. The Dubai Government announced yesterday that it has asked investors to extend the maturity of upcoming debt amortisations of two of its state-owned companies, Dubai World and its real estate development arm Nakheel, until 30 May 2010. Subsequently, the Dubai … Read more

Nifty Technical View

Nifty continued with its winning streak third week in a row with 1% gain on weekly basis.It made a u turn in the afternoon session on friday and closed up with 62 point gain,But was unable to breach the resistance of 5080 as shown in charts attached above. FII and DII were net sellers on … Read more

Nifty Technical View

NIfty is unable to cross the 5070 levels.Now point to ponder over is SMA cross over of 20 and 50 which is giving a bearish indication to me. Also the Trendline near 5010 if breaks can see a serious unwinding of longs. PUTS OI has deresed indicating shorted puts are geeting covered .IS it a … Read more

Nifty Weekly Technical View

Nifty Daily Charts shows the trendline got broke in the 12 day fall we have seen but it again got up the trendline within 3 weeks so it can not be considered as violation in trendline and on going correction in the bull market. Now whats next we are facing resistance at 5030 levels continuously … Read more