Monthly Archives: May 2010

Nifty Weekly View

By | May 30, 2010 6:23 pm

Nifty rallied almost 6% from tuesday low of 4786 and being an expiry week rallied 4 trading session out of 5. For the coming week as we can see from the Daily Chart attached we have 2 resistance visible on chart. Middle Bollinger band where we are facing resistance which is placed around 5077 Trend… Read More »

Nifty Weekly Technical View

By | May 9, 2010 6:26 am

Nifty charts had formed continuous Hammer Patterns on the chart. Hammer candlesticks are formed when a security moves significantly lower but bulls retraced back from those lows to reach near the open. By day end buyers were able to push prices back to the upper range creating a short body candle with a long shadow.… Read More »

Nifty Weekly Technical

By | May 2, 2010 8:01 pm

Nifty Weekly Technical as we can see in daily chart Nifty is stuck between the Range of 5202 on downside and 5342 on Upside.So as of Now it did not Break this range Nifty Traders should use this range to Buy at Lower end of Range and Short at Higher End Of Range. Nifty Resistance:5342… Read More »

Short-Term Trading

By | May 2, 2010 7:20 pm

ICICI Bank Attached is the Daily Chart of ICICI Bank as Observed from the chart Stock has taken a multiple support at 913 levels and than staging a rally.Stock has formed a DOJI pattern as on Friday and also facing resistance at its a trenline,Forming a Falling Wedge Kind of Chart,If stock Breaks the trendline… Read More »