Posted by Indrodeep Banerjee on February 27, 2010
Total Views - 834
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 - 486
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 - 502
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 - 410
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 »
Posted by Indrodeep Banerjee on February 20, 2010
Total Views - 624
The previous market session closed on a weak note after a gap down opening, markets traded extremely volatile in the reds throughout the days trading session with support at 4808 as calculated by us earlier to this session.
It closed below the 5 DMA and 20 DMA levels and RSI around 30 indicating that the market is looking weak within extremely volatile trading and 20 DMA is emerging as resistance for the markets in short run unless it gets broken with high volume.
Nifty finally closed at 4844.90
loosing 43 points or 0.88 %
Trading Strategy for 22 Feb, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
Posted by Indrodeep Banerjee on February 17, 2010
Total Views - 469
The previous market session closed on a strong note after a positive gap up opening, markets traded strongly in green throughout the days trading session with resistance at 4936 as calculated by us earlier to this session. Our buying strategy for buying above 4876 for the resistance levels of 4896 &4936 with SL of 4832 worked well fetching huge profits.
It closed above the 5 DMA and 20 DMA levels and RSI around 90 indicating that the market is looking positive within extremely volatile trading.
Nifty finally closed at 4914
gaining 58 points or 1.20 %
Trading Strategy for 18 Feb, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
Posted by Indrodeep Banerjee on February 16, 2010
Total Views - 461
The previous market session closed on a extremely strong note after a marginally positive opening, markets traded in green for most part of the days trading session with support at 4846 & 4888 as calculated by us earlier to this session. Our buying strategy for buying above 4826 for the resistance levels of 4846 &4888 with SL of 4778 worked well.
It closed above the 5 DMA but below 20 DMA levels and RSI around 80 indicating that the market is looking positive within extremely volatile trading.
Nifty finally closed at 4855.75
gaining 54 points or 1.12 %
Trading Strategy for 17 Feb, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
Posted by Indrodeep Banerjee on February 15, 2010
Total Views - 475
The previous market session closed on a weak note after a positive opening and market turning weak and traded in red throughout the days trading session with support at 4778 as calculated by us earlier to this session. Our selling strategy for selling below 4802 for the support of 4778 with SL of 4850 worked well.
It closed marginally above the 5 DMA but below 20 DMA levels and RSI around 65 indicating that the market is looking positive and consolidating before a bounce back within extremely volatile trading.
Nifty finally closed at 4801.95
loosing 25 points or 0.52 %
Trading Strategy for 16 Feb, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
Posted by Indrodeep Banerjee on February 12, 2010
Total Views - 570
The previous market session closed on a extremely positive note after a gap up opening and maintaining the strength throughout the days trading session.
It closed above the 5 DMA but below 20 DMA levels and RSI around 75 indicating that the market is looking positive for a bounce back on short coverings and investors picking stocks for the value buying opportunity.
Nifty finally closed at 4826.85
gaining 70 points or 1.46 %
Trading Strategy for 15 Feb, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
