Nifty Hourly It was a roller coaster Ride for the week which was highly volatile and if you were on Right side would have minted money. At the end of the roller coaster week, the benchmark finally ended at 5581, losing 1.4% over the week, breaking the 3-week rising streak. [Click on Charts to Enlarge]… Read More »
3 bomb blast explosions have taken place in Mumbai. Let’s hope and pray that people are safe and things return to normal soon.! Lets pray for the People who are affected by the Bomb Blast. Jet Airways Jet Airways has been stuck in a trading range of 470-506. Crude Rising is negative for… Read More »
Nifty 15 Mins Nifty is trading in sideways range and testing the patience of both bulls and bears . As seen from 15 Mins chart Nifty has formed Inverted HnS with neckline placed @5585 levels. Break of Neckline will lead the gap covering till 5618 and Break of 5540 will lead to… Read More »
Nifty Hourly Nifty Hourly is trading in a parallel channel as shown in above chart. We can see formation of lower highs and lower top. Break of 5550 will take Nifty out of channel and break of 5496 will continue to drift lower and can see levels of 5436. Hourly Indicators are oversold but that… Read More »
Infosys Technology The Big Boy is coming with results Tomorrow at 9 Am and Charts also are in fight between bulls and Bears @61.8 % retracement@2880. On daily Chart 2880 and 2970 is highly traded range and break of range on either side will give 100 points move. Sell below 2888 Tgt 2836 and 2792… Read More »
Hindustan Zinc HZL has been in sideways trading range from a High of 140 and low of 128 and has been consolidating in this range. Stock is near its lower end of trading range and can be bought looking at previous trading History Buy above 128.2 Tgt 130,132 and 135 Sl 127.5 Sell below 127.5 … Read More »
Nifty Hourly Nifty Hourly was unable to cross 5792 which was next level of resistance but reacted negatively at 5750 levels and corrected back below 5700 levels. Trade below 5651 will add additional weakness to Nifty. Watch 5610 very closely it has been a short term pivot Support.Break of this will take Nifty to 5565-5545… Read More »
Nifty Hourly Importance of Support and Resistance market respected both and gave excellent Trading Opportunities. 5006 Swing Low never Broke showing the importance of Swing low 5706 Swing High once it broke market took breather absorbed selling and gave a breakout in afternoon trade Respected 200 DMA@5749 and tomorrow it should be conquered. Now… Read More »
Reliance Infrastructure Limited RIL gave a breakout for the downward trendline on Friday and after that consolidating again from past 2 days with expansion in volumes. Consolidation after breakout is good for stock as it gives enough strength from next upmove. As of now stock is in zone of resistances One Bearish Indicator is… Read More »
Nifty Hourly Nifty hourly is taking a breather after 8 days of non stop rally. Bulls are unable to capitalize on the sound fotting they got on June end month. Signs of Exhaustion are visible on Hourly and daily charts with Nifty trading in a tight range from 5682-5606 from past 3 days. Market will… Read More »