Nifty Weekly Technicals

On Daily Charts We took support at rising trend line around 4945 and gave a wild and breath taking move which propelled nifty above it 20 SMA and 5 EMA.On Weekly charts we are seeing a rising trend line and if we cross 5210 in coming week short covering will propel us to higher levels. … Read more

Technical View on US Dollar

Looking at the shorter-term chart of the dollar, we can also see it has broken out of its downtrend. Despite the falls we have seen in the dollar since the spring, the longer-term channel up has held – for now at least. This chart shows the US dollar index – the dollar vs a basket … Read more

Trading Ideas

MindTree formed a double top at 697 good support at 660 if unable to hold at 650 and 630 If it breaks 697 can see 705 and 716 Buy Bhusan Steel if it crosse 1377 for a tgt of 1391 1420 Short Sell if 1300 breaks for a tgt of 1380 1350