INDIAN STOCK MARKET VIEW NOVEMBER 1, 2011

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

NIFTY (5326.60)

As I said, Nifty will test 5323-5229 island area in the coming days, and exactly that is what happened today.In the next few days be prepared for similar action, though overall position of Nifty is bullish which it may resume after the test.

NEXT POST WILL BE ON 7 th NOV

INDIAN STOCK MARKET VIEW FOR OCTOBER 31, 2011

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

NIFTY (5360.7)

As I said, if Nifty closes above 5176, we will see an uptrend and Nifty closed above 5176 day before Diwali.And we saw Nifty galloping to 5360.Nifty has made an ISLAND reversal in the 5323-5219 area.So watch this area which will act as support during the coming days.Nifty may test this area during the coming days and one can initiate buys in this area with a stop below 5219 on close basis.Resistances or upward targets are 5456/5521.5.

ABAN OFFSHORE (425.8)

Aban Offshore has broken out of a rectangle pattern.Barring resistance of 449, a target of 500 approx has opened.Stoploss is below 389.


 

INDIAN STOCK MARKET VIEW FOR OCTOBER 28, 2011

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

NIFTY ( 5201.8)

Nifty broke out of flag pattern and closed above 5176.Barring resistances of 5235 and 5323, Nifty is on the upmove.Longs should protect their positions with a Stop loss of 5160 and longer term players with a stoploss of 5011.

INDIAN STOCK MARKET VIEW OCTOBER 25, 2011

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

Will the festival of Lights bring in cheer to the Indian Investors ?

NIFTY ( 5098.35)

Nifty is still moving in a range.But it is making an interesting pattern i.e a flag at the Upper trend line of the rectangle.Though I do not consider Patterns inside patterns to be powerful i.e a flag inside a rectangle, short term traders can look forward to capitalize on it.

A break and close above 5176 with volumes may trigger this pattern.Though resistances of   5229.65 / 5323.15  will offer strong resistance.Any long position will have to be protected with a stoploss of 5011.

Long term players should think of entering the market only on a close above 5323.15

 

INDIAN STOCK MARKET VIEW 19 October 2011

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

NIFTY (5037.5 )

Nifty reversed and could not touch the first resistance of 5170 itself .So till Nifty closes above 5323, it can’t be called bullish.Nifty is moving in a rectangle of  5170-4720 range.

INDIAN STOCK MARKET VIEW FOR OCTOBER 18, 2011

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

NIFTY (5118.25 )

Nifty nearly touched my point of 5170 i.e it made a high of 5160.2 .So watch if Index can cross the confluence of resistances starting from 5170 / 5229.65 / 5323.15 .

Cronimet Alloys is on a roller coaster ride today it touched  149.

Indian Stock Market View for October 14, 2011

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

Nifty ( 5077.85)

Nifty I am holding the same view as yesterday.Wait and watch which way it breaks.

 

Cronimet

I had recommended this scrip 4 days back at 117.It did not trigger the stoploss given by me and was up around 12 %  at one time at 134 and closed  at 128  up by 8 % today.