Posted by Indrodeep Banerjee on March 10, 2010
Total Views - 199
The previous market session closed on a marginally positive note after a flat opening, after the opening markets turned volatile but gained some buying interest to reach the days high during the mid session but failed to sustain the gains on profit bookings emerging at every highs on the selective counters. Markets lacked in decisive direction throughout the days session before finally closing with the marginal gains the end of the day.
It closed above the 5 DMA and 20 DMA levels and RSI around 70 indicating that the market is looking positive, volatile and consolidating before adding further buying interest and march onwards to 5200 levels.
Nifty finally closed at 5116.25
gaining 16 points or 0.29 %
Trading Strategy for 11 Mar, 2010
Intraday Support for the market shall be 5068 Click Here To Read Full Article »
Posted by Indrodeep Banerjee on March 9, 2010
Total Views - 393
The previous market session closed on a weak note after a flat opening, after the opening markets turned weak and volatile on lack of buying interest at higher levels and marginal profit bookings arising on the selective counters. Markets remained directionless throughout the days session before finally falling weak at the end of the day.
It closed well above the 5 DMA and 20 DMA levels and RSI around 90 indicating that the market is looking positive, volatile and consolidating before adding further buying interest and march towards 5200 levels.
Nifty finally closed at 5101.50
loosing 22 points or 0.44 %
Trading Strategy for 10 Mar, 2010
Intraday Support for the market shall be 5051 & Click Here To Read Full Article »
Posted by Indrodeep Banerjee on March 8, 2010
Total Views - 293
The previous market session closed on a positive note after a huge gap up opening, after the opening markets turned lack luster on lack of buying interest at higher levels and slipped slightly from the days highs on marginal profit bookings on selective counters. Markets faced resistance exactly above our pre calculated level of 5134
It closed well above the 5 DMA and 20 DMA levels and RSI around 95 indicating that the market is looking positive, volatile and consolidating before it could march towards 5200 levels.
Nifty finally closed at 5124
gaining 35 points or 0.69 %
Trading Strategy for 9 Mar, 2010
Intraday Support for the market shall be 5088 & Click Here To Read Full Article »
Posted by Indrodeep Banerjee on March 5, 2010
Total Views - 621
The previous market session closed on a positive note after a huge gap up opening, after the opening markets turned volatile on profit booking at higher levels. Markets faced resistance at the level of 5118
It closed above the 5 DMA and 20 DMA levels and RSI around 90 indicating that the market is looking positive and volatile before it could march towards 5200 levels.
Nifty finally closed at 5088.70
gaining 8 points or 0.17 %
Trading Strategy for 8 Mar, 2010
Intraday Support for the market shall be 5039 & 4992 .
While the market will experience resistance at Click Here To Read Full Article »
Posted by Indrodeep Banerjee on March 3, 2010
Total Views - 402
The previous market session closed on a strong positive note after a gap up opening, after the opening markets marched northwards sustaining all the gains on strong buying by the investors and traders. Markets took first resistance at our pre calculated level of 5063 but broke through it at the later part of the day on sustained buying and our buying strategy for buying above 5038 for resistance of 5063 & 5112 fetched handsome profits
It closed above the 5 DMA and 20 DMA levels and RSI around 99 indicating that the market is looking positive and entering the over valued zone, which indicate that some profit booking may emerge before the markets could march towards 5200 levels.
Nifty finally closed at 5088.10
gaining 77 points or 1.42 %
Trading Strategy for 4 Mar, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
Posted by Indrodeep Banerjee on March 2, 2010
Total Views - 263
The previous market session closed on a strong positive note after a gap up opening, after the opening markets sustained the gains on strong buying by the investors and traders also some short covering were seen at higher levels. Markets took resistance at our pre calculated level of 5018 and our buying strategy for buying above 4948 for resistance of 5018 fetched huge profits
It closed above the 5 DMA and 20 DMA levels and RSI around 97 indicating that the market is looking positive and entering the over valued zone. 20 DMA is turning as support for this markets which will help the markets to scale 5000+ levels in the coming days. .
Nifty finally closed at 5017
gaining 95 points or 1.92 %
Trading Strategy for 3 Mar, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
Posted by Indrodeep Banerjee on February 27, 2010
Total Views - 663
The previous market session closed on a positive note after a flat opening, after the opening markets cheered the finance bill with huge upsurge in the stock prices, but some profit booking came in at the higher levels of the trading session which pulled the markets marginally lower from the days highs. 20 DMA resistance level of 4880 was broken by huge margin.
It closed above the 5 DMA and 20 DMA levels and RSI around 95 indicating that the market is looking positive and entering the over valued zone. If the market closes above 4900 levels for three trading sessions then 20 DMA will turn as support for this markets, which will help to scale 5000+ levels. .
Nifty finally closed at 4922.30
gaining 63 points or 1.29 %
Trading Strategy for 2 Mar, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
Posted by Indrodeep Banerjee on February 24, 2010
Total Views - 370
The previous market session closed on a weak note after a negative opening, after opening markets slipped deep into the reds and hovered over red and green within an extremely volatile trading session with resistance at 20 DMA level of 4883 as calculated by us earlier to this session.
It closed marginally below the 5 DMA and below 20 DMA levels and RSI around 55 indicating that the market is looking directionless within extremely volatile trading and 20 DMA is once again emerging as resistance for the markets in short run unless it gets broken with high volume.
Nifty finally closed at 4858.60
loosing 11 points or 0.24 %
Trading Strategy for 25 Feb, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
Posted by Indrodeep Banerjee on February 23, 2010
Total Views - 374
The previous market session closed on a positive note after a flat opening, markets traded extremely volatile into reds and greens with resistance at 20 DMA level of 4887 as calculated by us earlier to this session. Our previous buying strategy to buy above 4868 fetched profits.
It closed above the 5 DMA and below 20 DMA levels and RSI around 55 indicating that the market is looking directionless within extremely volatile trading and 20 DMA is once again emerging as resistance for the markets in short run unless it gets broken with high volume.
Nifty finally closed at 4870.05
gaining 14 points or 0.28 %
Trading Strategy for 24 Feb, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
Posted by Indrodeep Banerjee on February 22, 2010
Total Views - 359
The previous market session closed on a marginally positive note after a huge gap up opening, markets slipped from early highs of the days trading session on profit booking with resistance above 20 DMA level of 4892 as calculated by us earlier to this session.
It closed flat at the 5 DMA and below 20 DMA levels and RSI around 30 indicating that the market is looking weak within extremely volatile trading and 20 DMA is once again emerging as resistance for the markets in short run unless it gets broken with high volume.
Nifty finally closed at 4856.40
gaining 11 points or 0.24 %
Trading Strategy for 23 Feb, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
