S&P CNX NIFTY (5,649.50) -13.95 -0.25 %
BANK NIFTY (11,419.45) -7.80 -0.07 %
Month: September 2012
NIFTY FUTURES AND BANK NIFTY FUTURES INTRADAY MOVEMENT
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.
S&P CNX NIFTY (5,663.45) -10.45 -0.18 %
Nifty Intraday Futures chart is given below which is self explanatory.
BANK NIFTY (11,427.25) + 6.50 + 0.06 %
NIFTY FUTURES INTRADAY MOVEMENT
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.
S&P CNX NIFTY (5,669.60 ) -21.55 -0.38 %
Nifty moved in a narrow range, a range which one can expect after a big range day.
Cick on chart
NIFTY ROCKS AS PREDICTED
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.
S&P CNX NIFTY 5,691.15 136.90 2.46 %
Nifty, as I had mentioned in my earlier post that it has broken out of an Inverted Double Shoulders Head Double Shoulders Pattern and will move towards 6000 + provided it does not break the Neckline. Nifty behaved as predicted.In the intraday chart a Parabolic move stalled it for the time being.So Overall trend is up.
Nifty Intra day Click on chart
NIFTY DAILY
NIFTY FUTURES INTRADAY MOVEMENT FOR SEPTEMBER 20 , 2012
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.
S&P CNX NIFTY (5,554.25) -45.80 -0.82 %
Nifty has started to correct, as mentioned yesterday, towards the Neckline.The movement of Nifty futures today is self explanatory with notes of the chart.
Click on Chart to enlarge
Why The Market Shot Up???
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.
S&P CNX NIFTY 5,600.05 (-9.95 ) (-0.18 %)
Before going on leave, on August 26 th I had given enough reasons as to why the markets are not bearish despite the mother of all scams breaking out .Read the story here https://devadasnayak.wordpress.com/2012/08/26/weekly-nifty/
Now, markets as predicted earlier have broken out of an Inverted Double Shoulder Head pattern, the target of which is 6000 , provided the Neckline at 5440 and the right most shoulder at 5215 are not broken.The markets have broken out of the pattern with a Breakaway gap.So a pull back may be there upto the neckline of 5440 but the UPTREND remains intact till it breaks 5215.
NEXT POST WILL BE ON 20 TH SEPTEMBER
NIFTY REACHES TARGET September 12, 2012
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.
S&P CNX NIFTY (5,431.00) + 41.00 +0.76 %
Nifty nearly reached the target mentioned by me 2 days ago.The intra chart of Nifty shows that after moving in the initial range , Nifty broke out and closed almost at day’s high.
INTRADAY NIFTY MOVEMENT FOR SEPTEMBER 11, 2012
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.
S&P CNX NIFTY (5,390.00) + 26.55 + 0.50 %
Nifty moved as per the prediction.It is overall bullish.Today despite opening with the lower gap, it recovered and closed on the plus side with a modest gain.Chart below is self explanatory.
INDIAN STOCK MARKET VIEW FOR SEPTEMBER 11 , 2012
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.
S&P CNX NIFTY (5,363.45 ) – 4.75 -0.09 %
Last week I had said that there is nothing to worry for the bulls till we take support above 5196.Exactly the same thing happened.Now market will try to go above 5449.Stoploss is way below , i.e below 5200 so do not go and buy at the opening tomorrow.
INDIAN STOCK MARKET VIEW FOR SEPTEMBER 03 , 2012
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.
S&P CNX NIFTY (5,258.50) -56.55 -1.06 %
Intraday Nifty futures for Friday , i.e 31 st August , is posted below which is self explanatory.
Click on chart to enlarge
The daily Nifty is presently taking support at 5257 which is the 50 dma.The next support is 200 dma which is at 5196.If Nifty manages to close below 5196 for 3 consecutive days and go 1 % below 5196, then we may see a breaish phase.Till then nothing to worry for the bulls.The daily chart is posted below
devadasnayak 