08-Jan-2016

If you are a regular reader, I have written many times - 7945 is a strong resistance - If Unable to cross may trigger a big sell off. 

As mentioned a lot of Fall happened till today. So what's Next. Price must hold 7540 or 7490 for a bounce back. Else the fall may continue. towards 7400 - 7300.

07-Jan-2016

06-Jan-2016

Nifty took support near 7760-75. Tomorrow if breaks below 7760 support, price may try to fill 
the gap left near 7690, if hold than we can see relief rally till 7850-7890.

05-Jan-2016

Todays fall was panic selling due to global news. Nifty still in uptrend, If close above 7736.
If close below 7736 then we can expect big fall till 7250 or more deeper.

29 December 2015

We were waiting for target 7900+ .. Today's price movement till our first 2nd target 7940. If cross above 50 / DMA  Or 7940 - More rally on card till upper channel till 8040+.

28 December 2015

24 December 2015

Nifty has given breakout..now go long for
1st   Target - 7910-7950
2nd Target - 8000
3rd Target - 8050.

23 December 2015

Any breakout out of the box will  be next UP / DOWN breakout...

22 December 2015

Price taken support @ 7738 and started bouncing, now 7752 if crosses, more rally and short covering on card.

21 December 2015

Hourly Chart - Says support @ 7738 & 7704. With 100 and 50 Hour Moving Average, if holds, May again get strength for an upmove...though expecting more rally soon towards 7900+ Have patience.

17 December 2015

17 December 2015

Nifty has given clear buy signal. Go Long for target 7900+. SL 7720.

16 December 2015

Tomorrow is very important day for Nifty closing. As per technical chart go short with SL 7730.
But.... If Nifty close above 7740 then close all shorts and go long for target 7900-8030.

14 December 2015

A Gap down opening, thought price managed to hold above 7590 and 7540, shows a possible recovery soon. 

News flow like RBI meet with Bankers, GST Out come from Congress and Fed Out come may decide the next move. 

11 December 2015

10 December 2015

Next Support 7590 and 7540 - If Congress Support GST.

9th December 2015

8th December 2015

7th December 2015

4th December 2015