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

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Thursday 28 April 2011

Nifty - Trendline and Moving Average Analysis - EOD 28 April 2011

Nifty on way to test 200 DMA at 5746 . Key levels for tomorrow are 5824 and 5801. Tomorrow is also an exciting day as it is Month end and week end as well as Friday.


Wednesday 27 April 2011

Nifty - Trendline and Moving Average Analysis - EOD 27 April 2011

Nifty again attempts daily trendline resistance and falls.Tomorrow is fall continues then watch 5753 and 5693-87. Key levels are 5849 and 5820 where the initial action may happen. Expiry blues are about to start.


Tuesday 26 April 2011

Nifty - Trendline and Moving Average Analysis - EOD 26th April 2011

Nifty still pushing on the daily trendline resistance. Something has to give away... who will blink is the question  Bears or Bulls? Key levels 5859 and 5834


Monday 25 April 2011

Nifty - Trendline and Moving Average Analysis - EOD 25th April 2011

Nifty for the upmteenth time testing the upper trendline on daily charts. It has now factored in many bad news to stay up and digested some good news but still not able to go above the trendline. 5853 and 5836 will be first indication of weakness if breached.


Friday 22 April 2011

Nifty - Trendline and Moving Average Analysis - EOD 21st April 2011

So what's the call for Nifty next week. Nifty managed to close just below daily trendline resistance. Probably the clue is in the hourly chart. There is a strong resistance level at around 5900 levels which is is a formidable 354 30 min EMA level. Nifty will have to show some serious push to go beyond this levels which would also help it close above the daily trendline resistance. If not then we might have a quick fall which should not be surprising. Next week is surely going to have surprises which most of us have not thought about







Wednesday 20 April 2011

Nifty - Trendline and Moving Average Analysis - EOD 20th April 2011

Nifty manages to surprise one and all by the sheer power of move. It remains to be seen if this will be suistainable or not. Weekly charts still do not instill confidence of the stupendous moves which Nifty shows every two three days. 5807 would signal first signs of weakness in the daily move.


Tuesday 19 April 2011

Nifty - Trendline and Moving Average Analysis - EOD 19th April 2011

Nifty just manages to close above 200 DMA at 5729 after an eventful yesterday night when US long term debt was downgraded by S&P. Daily is still confusing but weekly gives a good insight into coming days. Weekly candle formation is still showing bearish signs and next two days will give clue to the most exciting week of expiry. 5777 and 5706 are two important levels for tomorrow.


Monday 18 April 2011

Nifty - Lines of resistance and support - EOD 18th April 2011

Nifty on edge. Finely balanced as of today on 200 D SMA at 5727. Bears would need some firepower to overcome 200 DMA. An interesting phase in the match between bulls and bears now. Let's see who wins this round.


Sunday 17 April 2011

Nifty - Lines of resitance and supports - EOD 15 Apr 2011

Nifty caught between battle lines. ON daily it has formed an inside day which means nifty has to break wednesday's range to decide the future path. On weekly , however the Doji's formed do not augur well for Nifty. Key level to watch is 5848


Thursday 14 April 2011

Nifty - Bear Bull Battle - EOD 13th April 2011

Bears played ODI and Bulls played T20. 4 days of bear efforts nullified by  bulls. Match state is still in balance till red trendline on daily is not taken out by bulls. Intersting Friday on cards.


Tuesday 12 April 2011

Nifty - Lines of support and resistance - EOD 11th April 2011

Nifty breaking supports on downside. Key level to watch for this downslide to continue is 5833


Saturday 9 April 2011

Nifty - Lines of resitance and supports - EOD 08 Apr 2011

Nifty is following Descending broadening wedge pattern and it will take many more days to come out of this pattern which will essentially establish bottom formation and start of bull run. Till then we should follow it in short term which is turning out to be down at the moment. Weekly charts have topping out features and next week may well be when the bears come to market for next couple of weeks. Levels to watch out are 5849-5868 on upside. Downside 5648-5668 could well act out as supports in coming week.


Thursday 7 April 2011

Nifty - Lines of support and resistance - EOD 07th April 2011

Nifty finding it hard to break through the red trendline on daily charts . Key level to watch is 5880. Have we topped out in this rally? Decisive close below 5880 and pink trendline on daily charts would show us that.

Wednesday 6 April 2011

Nifty - Lines of support and resistance - EOD 06th April 2011

Nifty still resisted on black trendline. Watch 5876 for first signal for bear hug for target till blue trendline on daily.

Monday 4 April 2011

Nifty - Lines of resitance and supports - EOD 04 Apr 2011

Nifty seems to be making a broadening pattern and if this is correct, the bullisgness in air can give way to big bear scenario. The key level is 5835.


Saturday 2 April 2011

Nifty - Lines of resitance and supports - EOD 01 Apr 2011

Nifty hits trendline resistance on 60 min, Daily and weekly charts. It remains to be seen if there is a followup in price. Watch closely for closing below 5786 which can show the next weeks direction.


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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