Subscribe: Posts | Comments | Email
June 20, 2010 by | No Comments
Nifty seems to have completed its first leg of wave Y of wave X up and for that 5303 becomes a crucial resistance. In the second half, Nifty as expected headed lower after giving an hourly negative close and the hourly KST formed a hinge. The current downwave has a crucial support at 5206 and [...]
June 14, 2010 by | No Comments
Nifty closed above the 61.8% retracement level of the fall from 5400 to 4786 and also above the 20 weekly moving average (WMA), which is a positive sign for the bulls. On the upside, 5270 is the next hurdle, which is 78.6% retracement level of the fall (from 5400 to 4786). On the lower side, [...]
June 11, 2010 by | No Comments
The Nifty has closed at the day’s high thereby filling the gap formed a couple of days back and in turn increasing the probability of the continuation of wave X on the upside. The Nifty has given a breakout of the inside bar pattern on the upside, which is another reason for the bulls to [...]
June 9, 2010 by | No Comments
Despite sliding into red during the session, Nifty ended the day in green—and this means that the probability of continuation of wave X still exists. On the lower side, 4961 is acting as a crucial support for a couple of days now—and till that is held we continue to maintain our short-term bias up. On [...]
June 9, 2010 by | No Comments
Reliance Industries plans to reopen about 750 closed retail fuel outlets, reports CNBC-TV18, quoting Dow Jones. Sources said RIL now owns 1,400 retail fuel outlets. It operates about 650 fuel retail outlets. India’s largest private sector refiner may also consider opening new fuel outlets. Sources said RIL is likely to study reopening these outlets if [...]
June 7, 2010 by | No Comments
Nifty closed in green but there is not much to cheer about as it closed with marginally gains on pretty low volumes. This is what typically happens in wave X—the volumes don’t support the rise in price. However, the daily and hourly momentum indicators remain in buy mode keeping the short-term trend up, but the [...]
June 6, 2010 by | No Comments
Fatpipe Networks India Limited (FNI) is entering in the capital markets with an initial public offer of 49 crore. The price band and bid lot for the issue has been fixed at 70 Equity Shares and in multiples thereof. Price Band is fixed at Rs.82/- to Rs.85/- per equity share equity share of Rs 10/-. [...]
May 22, 2010 by | No Comments
The government on Friday asked the winners of the all-India third-generation (3G) spectrum bidding in the recently concluded auction to pay by May 31, failure of which would lead to deposit forfeit. The Department of Telecommunication’s (DoT’s) order requires state-run BSNL and MTNL to also pay by the deadline. The payment can be made via [...]
May 20, 2010 by | No Comments
Nifty’s closing in green today makes things quite tricky from here onwards, as the odds whether this decline is a complex correction W-X-Y-X-Z or an impulsive one get even. So, 4908 level becomes a crucial level to watch out for and till that is not broken, the bears should act cautiously. The hourly indicators are [...]
May 18, 2010 by | No Comments
Nifty, as expected, found resistance at 5106, which was 61.8% retracement for the wave four up. Now, since the index has closed in green forming a doji candlestick pattern, so, wave B of wave Z down looks completed. The correction still doesn’t appear to be over, as on the hourly chart it appears that the [...]
Day Trading Provides you Free Day Trading Calls with Latest Market News and Market Buzz With all Reports.
Design by Web Hosting. In collaboration with HostMonster Review. Hosting Talk. HostGator Coupon.
© 2009 Copyright. All Rights Reserved.
