Posted by Indrodeep Banerjee on January 29, 2010
Total Views - 504
The previous market session closed on a positive note after a gap down opening amidst a volatile trading session.
It closed below the 5 DMA and 20 DMA levels and RSI around 25 indicating that the market is looking positive for a bounce back after RBI credit policy revision and trying to come out of oversold zone with long term investors choosing stocks for the value buying opportunity.
Nifty finally closed at 4882.05
gaining 15 points or 0.30 %
Trading Strategy for 1 Feb, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
Posted by Indrodeep Banerjee on January 27, 2010
Total Views - 440
The previous market session closed on a extremely weak note in the negative territory breaking all the support levels after a gap down opening amidst a weak trading session.
It closed much below the 5 DMA and 20 DMA levels and RSI around 1 indicating that the market is looking extremely weak and sentiments down amidst concerns over RBI credit policy revision.
We don’t expect any interest rate hike or hike in PLR or Repo rate or Reverse Repo rate while CRR hike could be at most 25 basic points in this RBI credit policy review on 29 Jan.
Nifty finally closed at 4853.10
loosing 155 points or 3.09 %
Trading Strategy for 28 Jan, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
Posted by Indrodeep Banerjee on January 25, 2010
Total Views - 440
The previous market session closed on a weak note in the negative territory after a gap down opening amidst a highly volatile trading session. Market took the support around the level of 4992, as calculated by us.
It closed below the 5 DMA and 20 DMA levels and RSI around 1 indicating that the market is looking extremely weak and sentiments down amidst negative global cues but 4950 is emerging as strong short term support for the market on closing basis, hence we can see a bounce back soon whereas 5300 has been a strong short term resistance for the markets.
We don’t expect any interest rate hike or hike in PLR while CRR hike could be at most 25 basic points in this RBI credit policy review on 29 Jan.
Nifty finally closed at 5007.90
loosing 28 points or 0.56 %
Trading Strategy for 27 Jan, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
Posted by Indrodeep Banerjee on January 23, 2010
Total Views - 488
The previous market session closed on a weak note after a huge gap down opening amidst a highly volatile trading session. Market took the support around the level of 4960.
It closed below the 5 DMA and 20 DMA levels and RSI around 10 indicating that the market is looking weak and sentiments down amidst negative global cues.
Nifty finally closed at 5036
loosing 58 points or 1.14 %
Trading Strategy for 25 Jan, 2010
Intraday Support for Click Here To Read Full Article »
Posted by Indrodeep Banerjee on January 22, 2010
Total Views - 440
“If Saturn is aspected by Sun, Moon or Mars, during a Uttara Bhadra nakshatra day then negative momentum will be experienced in the stock prices of Cements. Infrastructure, Iron and Steels, Tin, Leather and Footwear, Crude Oil and Gas, Coal, Mining, Metals, Realty and Agriculture Sectors, especially so if the Moon is also aspected by Venus, Saturn or Rahu, and the strength of the price momentum is likely to be more strongly visible during the Hora of Moon and Saturn.” Quoted from the book “Stock Market Astrology”
Click Here To Read Full Article »
Posted by Indrodeep Banerjee on January 20, 2010
Total Views - 440
The previous market session closed on a flat note but marginally lower after a flat opening amidst a highly volatile and weak trading session. Market took the support around the level of 5201.
It closed below the 5 DMA but above 20 DMA levels and RSI around 20 indicating that the market is looking directionless and volatile as well as trying to find consolidation before the breakout above the 5300 levels in the coming days, as 5300 level is emerging as a strong resistance for the markets.
Nifty finally closed at 5221.70
loosing 4 points or 0.08 %
Trading Strategy for 21 Jan, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
Posted by Indrodeep Banerjee on January 19, 2010
Total Views - 440
The previous market session closed on a weak note after a flat opening amidst a weak and volatile trading session. Market took the support around the level of 5226 as calculated by us prior to this session.
It closed above the 5 DMA but below 20 DMA levels and RSI around 45 indicating that the market is looking directionless and volatile as well as trying to find consolidation before the breakout above the 5300 levels in the coming days.
Nifty finally closed at 5225.65
loosing 49 points or 0.93 %
Trading Strategy for 20 Jan, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
Posted by Indrodeep Banerjee on January 18, 2010
Total Views - 439
The previous market session closed on a strong note after the gap down opening amidst a strong positive trading session. Market faced the resistance exactly at the level of 5292 as calculated by us before this session.
It closed above the 5 DMA and 20 DMA levels and RSI around 80 indicating that the market is looking positive for a breakout above the current levels, and trying to breakout above the 5300 levels before moving towards 5400 levels in the coming days.
Nifty finally closed at 5275.35
gaining 23 points or 0.44 %
Trading Strategy for 19 Jan, 2010
Intraday Support for the market shall be 5226 & 5178.
While the market will experience resistance at Click Here To Read Full Article »
Posted by Indrodeep Banerjee on January 15, 2010
Total Views - 1466
The previous market session closed on a flat note but marginally negative after the strong gap up opening amidst a volatile trading session. Market took the support at the level of 5250.
It closed above the 5 DMA and 20 DMA levels and RSI around 60 indicating that the market is looking volatile at the current levels, and trying to consolidate around the 5250 levels before taking any decisive direction in the coming days.
Nifty finally closed at 5252.20
loosing 8 points or 0.15 %
Trading Strategy for 18 Jan, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
Posted by Indrodeep Banerjee on January 13, 2010
Total Views - 439
On 13th markets closed on a strong note after the gap down opening amidst a volatile trading session. Market took the support exactly at our calculated support level of 5168
It closed at the 5 DMA and above 20 DMA levels and RSI around 60 indicating that the market is looking volatile at the current levels, and trying to find the support to start for the positive momentum towards 5300 in the coming days.
Nifty finally closed at 5233.95
gaining 24 points or 0.45 %
Trading Strategy for 14 Jan, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
