Monthly Archives: March 2011

Will Nifty Correct after 6 Days of Winning Streak?

By | March 30, 2011 4:30 am

Nifty Hourly Chart Nifty Hourly charts are moving towards the Resistance of 5790 levels.We have seen a one sided rally from past 5 trading sessions.5 EMA and 20 SMA system on hourly has not shown any sign of reversal as of now. Indicators can remain overbought and oversold for prolonged period of time.Please remember this… Read More »

Trading Calls:Sesa Goa and Axis Bank

By | March 28, 2011 4:37 am

Sesa Goa Sesa Goa has been in downtrend and showing signs of reversal with a move above its trendline as shown in daily Chart.MACD has triggered a buy.   Buy above 279.65 Tgt 281.2,283.8 and 288   Axis Bank Axis Bank has shown a move above 200 DMA with volumes last friday.This is big positive… Read More »

Technical Views on Patel Engineering and Kotak Bank

By | March 24, 2011 4:19 am

Patel Enginerring Patel Engineering has seen a breakdown from high of rs 500 to low of 133 in matter of 1.5 years.Stock has been in news for all bad reasons and corporate governace issues. Price factors everything. Now Long term Bottoms are made in times of bad news and same apply to Patel. As seen… Read More »

Nifty levels for 23 March

By | March 23, 2011 3:36 am

Dear Readers, The Site is up and running as I had conflicts with my Hosting provider. I need to move to a new Hosting provider and I have lost all the UI of site. I am working of Restoration of same and things should get normal within this week.I will keep on updating the site… Read More »