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What's being said about... Indian Stock Market

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Friday 31 December 2010

Happy New Year - 2011

Happy New Year to all !!!

Nifty closes on a high this year giving best returns amongst 10 largest markets. Phew!!!

Nifty still in channel and moving up. Just keep in mind trendline resistance coming around 6180 plus minus 10 points and channel top from where we might correct abit or move sideways for another upmove.








Thursday 30 December 2010

Nifty - Lines of resistance and support - EOD 30th Dec 2010

Nifty breaks out from double top level of 6070 on closing basis. Also it is in upward channel in all three time frames - Daily, Weekly and hourly. TOmorrow being weekly close, monthly close and yearly close is an important day in terms of technicalities of close level alongwith highs and lows. Keep watch for channels for future action.




Wednesday 29 December 2010

Nifty - Lines of resistance and support EOD 29th Dec

Nifty in channel and breaks monday's high. Now 6069 is important if breaks on upside then we may have year end bonanza. Expiry beckons and with what situation. If breaks ubove 6069 then probably we are on course to north or if breaks down from here then we might form double top at 6069. Eagerly waiting for the roller coaster ride tomorrow.




Tuesday 28 December 2010

Nifty - Lines of resistance and support - EOD 28th Dec

Nifty still sideways taking support on lower trendline of northbound channel. Expiry pangs should clear some confusion




Monday 27 December 2010

Nifty - Lines of resitance and supports - EOD 27 Dec

Nifty shows topping out formation with todays candle being a Shooting Star. A Shooting Star indicates that the prior uptrend is about to end and may reverse to a downtrend or move sideways.




Saturday 25 December 2010

Nifty - Lines of resitance and supports - EOD 24 Dec

Merry Christmas to all readers

Nifty seems to have broken but the upper trendline on daily and weekly but needs confirmation in next week




Thursday 23 December 2010

Nifty - Lines of resistance and support - EOD 23rd Dec

Nifty upside seems capped from weekly and daily chart. On 30 min it is lying precariously on the trendline. Break can have bad impact on the recent upmove. Nifty Future chart shows movement withing parallel trendlines which might go on tomorrow.




Wednesday 22 December 2010

Nifty - lines of resistance and support - EOD 22nd Dec

Nifty reacts from the rising wedge trendline. Check the volumes in nifty when it started the fall, may result into scary picture in near future. 30 min chart shows that we may take support on trendline, if it breaks then we are in for a spin




Tuesday 21 December 2010

Nifty - Lines of resistance and support - EOD 21st Dec

Looks like a rising wedge on Daily chart. Two days out of trendline is indicating breakout but give it another day or so to confirm and not get trapped in false breakout.


Monday 20 December 2010

Nifty - Lines of resistances and support - EOD 20th Dec 2010

Seems like a breakout from trendline but it is early days.. wait for action in coming few days to be absolutely sure


Thursday 16 December 2010

Nifty and Sensex - Lines of support and resistance - EOD 16th Dec 2010

Nifty has still not given any clue for its next direction, closing between trendlines from where it can go anywhere. However it should be noted that next week will be crucial in terms of direction and it has to break one or the other trendline.

Sensex chart and some more analysis will be posted in a day or two


Wednesday 15 December 2010

Nifty - Lines of Support and Resistance

On weekly chart, three week trendline seems to have been broken.This is key to upmove being intact. Watchout



Tuesday 14 December 2010

Nifty - Line of support and resistance

Nifty is now in crucial stage. Follow lines of support and resistance and EMA's/SMA's



Friday 10 December 2010

Thursday 30 September 2010

Daily Nifty Levels - 01 Oct 2010 - New Expiry needs relook of strategy.

Daily Candle Type - Bull Candle ( Today's close higher than last close)
Candle Sentiment - High Close
Momentum - Expiry sentiment ruled today. Tomorrow will gove a better clue. As long as close is higher than last close momnetum can come back. Ultimate Osc turns up from support, are we going for new high?

Watch out for Bollinger band upper levels and EMA for tomorrow's movement.

Daily Chart - Ultimate Osc again moving up, StochRSI reacting from OS, Money Flow Index - still appears to be in downtrend raising doubts of mass participation
Weekly Chart - Ultimate OB, StochRSI OB, Money Flow Index - OB
Open Interest - will update in due course

Check out Stock Astrology - a directory of stock market astrology sites , Indian and Global.


Tuesday 28 September 2010

Daily Nifty Levels - Sep 29, 2010 - Are we attempting New High in coming days?

Daily Candle Type - Bear Candle ( Today's close lower than last close)
Candle Sentiment - Mid-High Close
Momentum - Bears lost it in closing minutes today. As long as close is higher than last close momnetum can come back. Ultimate Osc turns up from support, are we going for new high?

Watch out for Bollinger band upper levels and EMA for tomorrow's movement.

Daily Chart - Ultimate Osc again moving up, StochRSI reacting from OS, Money Flow Index - reacting from OS

Weekly Chart - Ultimate OB, StochRSI OB, Money Flow Index - OB
Open Interest - shows an extreme position... this expiry should have lots of surprises.
Check out Stock Astrology - a directory of stock market astrology sites , Indian and Global.

Market Watch

Nifty-50 Heatmap Market Watch Few Interesting Charts
This site is dedicated to all traders and friends who don't have access to expensive softwares to provide them with live charts to enable them to trade judiciously. Even I don't have one and when I joined VFMDirect ( excellent site) I was astonished at the ease with which the forum members used technical indicators like Rsi and Stoch in live markets for profitable trading. Kudos to Mr Kamlesh Langote and seniors for creating and maintaining such a beautiful source of learning in this materialistic world. Then I realised the importance of something live ( or at the least delayed) information source for effective Share Market Trading. This is my endeavour to bring all the important informations/technical indicators at one source point for a safe and profitable trading. Do use this site as your source of information in your day to day trading. I have tried to make the blog as user friendly as I can but please feel free to give your suggestions through comments.
Also, I would like to recommend Nifty intraday charts for live technical levels and world markets. Great site!!!

Watch this space for more information in the coming weeks on...........

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