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

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Monday 27 June 2011

Nifty - Trendline and Moving Average Analysis - EOD 27th June 2011

Nifty approaching 200 EMA resistance at 5580 levels on daily charts.On daily it is clearly in a bullish tone as long as it keeps above 5436 but on weekly charts Nifty is still not out of woods. Key level on downside is 5487.


Tuesday 21 June 2011

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

Nifty plays between yesterdays range. This is not be treated as change of trend as blue channels start shouting as soon as indices turn green. Nifty still has to close above 5321 for any semblance of bullishness

Nifty - Trednline and Moving Average Analysis - EOD 20th June 2011

Nifty bounces off weekly ema 118, now it remains to be seen if today downtrend is in force. Yesterday it was with volume. However if it bounces too then a retest of recent lows is very much on cards. 5352 is key to get first alert of any trend change, till then it is one way


Sunday 19 June 2011

Nifty - Trednline and Moving Average Analysis - EOD 17th June 2011

Nifty finally breaks below 5400. On weekly chart it looks very dangerous in terms of the downward levels it can go but on daily we will first have to look for 5300/5200 in coming days for further action. Momentum seems to be building downside but we should be beware of any corrective bounces to counter oversold conditions


Thursday 9 June 2011

Nifty - Trensline and Moving Average Analysis - EOD 9th June 2011

Nifty rangebound we should not forget about the fact that the underlying is weak and may continue anytime surprising everyone. The upmove started few weeks ago has lost steam , as visible from the volumes associated.5530-35 abd 5438 are the innner boundaries for this range


Tuesday 7 June 2011

Nifty - Trendline and Moving Average Analysis - EOD 07th June 2011

Nifty still rangebound. This will get resolved only when it moves past 5437 and 5601-5635. Seems its a ploy to eat  the option premiums before a decisive move


Monday 6 June 2011

Nifty - Trendline and Moving Average Analysis - EOD 06th June 2011

Nifty still rangebound. Real downtrend willl only start below 5436. Till then 5530 is the level to watch for next few days.


Thursday 2 June 2011

Nifty - Trendline and Moving Average Analysis - EOD 02nd June 2011

Nifty reacts from 200 day EMA but has support around 5500-5480 shown by brown trendline in daily charts. Interesting to see how it reacts there. Should hold 5540 levels for bull power.

Nifty - Trendline and Moving Average Analysis - EOD 1st June 2011

Nifty at 200 day ema 5604. Nifty has earlier reacted from 200 day ema.Also, trendline joining recent lows on daily chart will also provide resistance.



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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