Weekly NIFTY Technicals

Markets were volatile last week.Get NIFTY Technicals here. No special news this week.Adani Power IPO which was offered at Rs100 opened at 8% premium. Sectors on which we are bullish this week :IT.Pharma. Stocks to watch out for this week :Aurobindo Pharma : Buy above 690 for targets of 720 and 735. SL of 681 [...]

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NIFTY Showing some amount of strength.The global cues are looking positive.NIFTY Technicals : NIFTY TRIN at 1.321NIFTY Range – Between 4400 – 4850Current Spot – 4636.5Support – 4580 and 4505Resistance – 4695 and 4790Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance) NIFTY Short term target : 4750. [...]

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After budgets we have witnessed a huge fall on the Indian Stock markets. The fundamentals didn’t support after budget. Now every one have reduced the rating for the markets. Every one is predicting the markets to further fall down. Last week NIFTY closed at 4003.9 just managed to sustain the 4K level.NIFTY TRIN at 1.631NIFTY [...]

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Last week we saw volatility in the Indian stock markets. NIFTY was highly volatile. The trend signifies NIFTY is in uptrend.The market sentiments are positive.Turnover have increased drastically. FII’s have started buying, one positive factor which will pull up the markets in short term. Last week NIFTY closed at 4586 and this week at 4583.4 [...]

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Its almost the sky limit for the Indian Stock markets isn’t it !!!The million dollar question going on every mind is that when will this rally end or even when will markets cross 18K ! What the trend signify is that NIFTY is heavily overbought.Turnover has increased in the markets.FII’s have turned net buyers over [...]

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The UPA victory changed the phase of the markets and it also changed peoples conception towards markets.Turnover has increased in the markets.FII’s have turned net buyers over a period of time.NIFTY Looks over brought. But the trend remains positive. Last week we saw NIFTY zooming up.Last week NIFTY closed at 4238 and this week at [...]

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The UPA victory gave a sharp movement in the markets. Couple of upper circuits and the markets were hardly open for 50 seconds on Monday.Tuesday we saw a record turnover also witnessed by profit booking.NIFTY Looks over brought. High volatility expected in the markets in the coming week. Last week we saw NIFTY zooming up.Last [...]

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Basically the win of Congress will surely take the markets up this Monday. It would not be influenced by more of technicals and global markets. Last week we saw NIFTY was in a range bounded mode.Last week NIFTY closed at 3620 and this week at 3671 a minor gain.FII’s participation was good.NIFTY TRIN at 0.748Over [...]

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Last week we saw NIFTY was in a bullish mode.Last week NIFTY closed at 3473 and this week at 3620 a huge gain.FII’s participation was good.NIFTY TRIN at 1.735Over all Nifty is Range Bounded.NIFTY Nature – Between 3400 – 3750. Waiting till Election results are declared is the best strategy. Current Spot – 3620.70Support – [...]

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Last week we saw NIFTY was in a range bounded mode. Volatility was seen. Followed by many holidays n markets.Last week NIFTY closed at 3480 and this week at 3473 a flat one. FII’s participation was good. This participation can be reduced due to Swine Flu fear.NIFTY TRIN at 0.42Over all Nifty is Range Bounded.NIFTY [...]

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