Monthly Archives: January 2011

Nifty under Bear Attack

By | January 10, 2011 7:51 pm

After the recent fall, a majority are veering towards the bearish side. But, it is often observed that the market seldom does what the majority wants it to do. Looking at Nifty Weekly Charts we can see a Break of long term trendline. Can it be a whipsaw or it serious breach of Bull Market,we… Read More »

Nifty @50 SMA

By | January 7, 2011 2:27 am

Nifty Sold of for 4 day in a row for high of 6180 to low of 6020 which is 50 DMA.  50 DMA has a significant support for nifty and yesterday it bounced after touching the 50 DMA. On Hourly Charts we are oversold and a bounce should come either today or monday. Banks are… Read More »