Nifty Outlook for Sep Series

August Series Nifty corrected 5.8 % was worst series after Aug 2013 when Nifty corrected 8.8%.Nifty and Bank Nifty Bat pattern continue to show the effect as market has recovered 281 points from the low. 8032 is 38.2% retracement 8045 is gann 1×1 line and 8065 is pyrapoint resistance needs to be watched tomorrow.Strong support … Read more

Nifty and Bank Nifty forms BAT Pattern, short term bottom in place ?

FII’s bought 52 K contract of Index Future worth 1023 cores ,94.3 K Long contract were added  by FII’s and 41.4 K  short contracts  were added  by FII’s. Net Open Interest increased  by 135  K contract, so today’s fall in market was used by FII’s to enter long and enter  shorts in index futures  .Want to … Read more

Chinese Stocks Are Crashing Break 3000

Following yesterday’s bloodbath (and the continued carnage around the world), AsiaPac stocks are lower with Japan unable to mount any sustained bounce despite every effort to lift JPY. The propaganda-fest is in full swing as Amari claims JPY is safe-haven asset and Aso denies any coordinated G7 response is being planned (which means they are … Read more