Posted by Indrodeep Banerjee on July 13, 2010
The previous market session closed on a strong note after a weak opening, after the opening markets turned volatile and choppy with negative bias but managed to close into the greens to end near the day’s high closing above 5400 for the first time since 2008.
It closed above the 5 DMA and 20 DMA levels and RSI around 92, indicating that the market is looking volatile ahead in the coming days.
5200 emerged as a strong support in the downside and will be decisive in confirming the trend reversal incase it gets broken on the downside.
Astrologically Sun in Gemini, ruled by Mercury and the ruler Mercury in Taurus will bring buying interest in Silver, Cotton, Banking, Financial, Sugar, Textile, Automobile, IT, Telecommunication and FMCG stocks, while Jupiter in the Pisces may attract buying interests in the banking sector and Gold.
Nifty finally WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on July 2, 2010
The previous market session closed on a weak note after a positive opening, after the positive opening markets turned volatile and choppy with negative bias and slipped into the reds to end near the day’s low.
Markets are trading exactly in tune to the prediction made by us in our 25th June’s blog in which we predicted that the markets are likely to slip and may soon slip back to 5000 levels.
It closed below the 5 DMA and 20 DMA levels and RSI around 22, indicating that the market is looking weak ahead in the coming days and may soon slip back to 5000 levels.
5200 will again be decisive in confirming the trend reversal incase it gets broken on closing basis. We may see the markets to slip to 5000 levels soon if 5200 is broken.
Last month markets surged up to 5350 levels from 4900 mark right after our prediction of positive trend in our 4th June’s blog, as the markets slipped to 4700 from 5200 after our 3rd May’s blog.
Astrologically Market is weak ahead but WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on June 29, 2010
The previous market session closed on an extremely weak note after a gap down opening, after the gap down opening markets turned weak and kept slipping throughout the day to end near the day’s low.
Markets are trading exactly in tune to the prediction made by us in our 25th June’s blog in which we predicted that the markets are likely to slip and may soon slip back to 5000 levels.
It closed below the 5 DMA and above 20 DMA levels and RSI around 24, indicating that the market is looking weak ahead in the coming days and may soon slip back to 5000 levels.
5200 has emerged as a support for the markets and it will again be decisive in confirming the trend reversal incase it gets broken on closing basis. We may see the markets to slip to 5000 levels soon if 5200 is broken.
Last month markets surged up to 5350 levels from 4900 mark right after our prediction of positive trend in our 4th June’s blog, as the markets slipped to 4700 from 5200 after our 3rd May’s blog.
Astrologically Market is weak ahead but Sun in Gemini, ruled by WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on June 25, 2010
The previous market session closed on an weak note after a gap down opening, after the gap down opening markets turned volatile and failed to sustain anything above 5300.
Markets are trading exactly in tune to the prediction made by us it gave last fno closing around 5300 after our prediction for the same in our blog few days back.
It closed below the 5 DMA and above 20 DMA levels and RSI around 30, indicating that the market is looking weak ahead in the coming days and may soon slip back to 5000 levels.
5200 has emerged as a support for the markets and it will again be decisive in confirming the trend reversal incase it gets broken on closing basis. We may see the markets to slip to 5000 levels soon if 5200 is broken.
Last month markets surged up to 5350 levels from 4900 mark right after our prediction of positive trend in our 4th June’s blog, as the markets slipped to 4700 from 5200 after our 3rd May’s blog.
Astrologically Sun in Gemini, ruled by Mercury and the ruler Mercury in Taurus will bring buying interest in , Silver, Cotton, Banking, Financial, Sugar, Textile, Automobile, IT, Telecommunication and FMCG stocks, while Jupiter in the Pisces may WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on June 21, 2010
The previous market session closed on an extremely bullish note after a huge gap up opening, after the huge gap up opening markets soon surged up on huge buying spree to cross the 5350 mark within 80 minutes of trading after 8 long weeks.
Markets are trading exactly in tune to the prediction made by us in our 4th June’s blog in which we predicted that markets will consolidate now for another beginning of positive trend and will soon head for 5300+ levels and from last many blogs we revised that markets are now heading for 5350+ levels. Now every other person (pseudo analysts) in the street will come up with the targets of 5600 & 5800 so on.
It closed above the 5 DMA and 20 DMA levels and RSI around 95, indicating that the market is looking positive ahead in the coming days.
5200 is emerged as a support for the markets in the short term, and it can again be decisive in indicating the trend reversal incase it gets broken on closing basis. We may see this months FNO expiry to close around 5300 levels.
Last month Markets slipped down to 4700 levels from 5200 mark right after our prediction of slipping below this level in our 3rd May’s blog.
Astrologically Sun in Gemini, ruled by Mercury and the ruler Mercury in Taurus will bring buying interest in , Silver, Cotton, Banking, Financial, Sugar, Textile, Automobile, IT, Telecommunication and FMCG stocks, while Jupiter in the Pisces may attract buying interests in the banking sector and WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on June 18, 2010
The previous market session closed on a marginally negative note after a negative opening, after a the opening markets soon surged up to touch the 5300 mark within one hour of trading after 7 long weeks. At 5300 levels traders resorted into profit booking which turned the markets choppy and dragged it down to end into the reds.
Markets are trading exactly in tune to the prediction made by us in our 4th June’s blog in which we predicted that markets will consolidate now for another beginning of positive trend and will soon head for 5300+ levels.
It closed above the 5 DMA and 20 DMA levels and RSI around 84, indicating that the market is looking positive ahead in the coming days, and the markets are now heading towards 5350 levels. 5200 is emerging as a support for the markets in the short term, and it can again be decisive in indicating the trend reversal incase it gets broken on closing basis. We may see this months FNO expiry to close around 5300 levels.
Last month Markets slipped below 5200 mark right after our prediction of slipping below this level in our 3rd May’s blog.
Astrologically Sun in Gemini, ruled by Mercury and the ruler Mercury in Taurus will bring buying interest in , Silver, Cotton, Banking, Financial, Sugar, Textile, Automobile, IT, Telecommunication and FMCG stocks, while Jupiter in the Pisces may attract buying interests in the banking sector and WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on June 15, 2010
The previous market session closed on a extremely positive note after a flat opening, after a flat opening markets turned weak which again led the short sellers to initiate fresh shorts today in the markets but again huge buying spree was figured in the markets soon after the shorts build up which led into huge short coverings and helped the markets surged up and close decisively above 5200 levels, for the first time after six weeks.
Markets maintained the positive closing for the fifth consecutive day today amidst increasing volumes. Markets traded exactly in tune to the prediction made by us in our 4th June’s blog in which we predicted that markets will consolidate now for another beginning of positive trend and will soon head for 5300+ levels.
It closed above the 5 DMA and 20 DMA levels and RSI around 96, indicating that the market is looking positive ahead in the coming days, and the markets are now heading towards 5350 levels. 5000 emerged as a strong support for the markets in the short term.
Once 5200 level is regained, with three closings above it, markets will soon head for 5350 levels now. Last month Markets slipped below 5200 mark right after our prediction of slipping below this level in our 3rd Mays blog.
Astrologically Sun in Gemini, ruled by Mercury and the ruler Mercury in Taurus will bring buying interest in , Silver, Cotton, Banking, Financial, Sugar, Textile, Automobile, IT, Telecommunication and FMCG stocks, while Jupiter in the Pisces may attract WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on June 14, 2010
The previous market session closed on a extremely bullish note after a gap up opening, after a positive opening markets turned lack luster which led the short sellers to initiate fresh shorts in the markets during mid session, but huge buying spree was figured in the markets soon after within the half hour of shorts build up which led into huge short coverings and the markets surged up to 5200 levels.
Markets kissed the magic level of 5200 today before closing 2 points short of it but maintained the positive closing for the fourth consecutive day amidst increasing volumes, thanks to RIL, RPower and RNRL for their respective contribution in today’s market rally.
Markets traded exactly in tune to the prediction made in our 4th June’s blog in which we predicted that markets will consolidate now for another beginning of positive trend and will soon head for 5300+ levels.
It closed above the 5 DMA and 20 DMA levels and RSI around 95, indicating that the market is looking positive ahead in the coming days, and the markets are now consolidating for another beginning of a positive trend towards 5350 levels. 5000 emerged as a strong support for the markets now.
Once 5200 level is regained, with three closings above it, markets will soon head for 5350 levels now. Last month Markets slipped below 5200 mark right after our prediction of slipping below this level in our 3rd Mays blog.
Astrologically WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on June 12, 2010
The previous market session closed on a positive note after a gap up opening, after a positive opening markets turned lack luster but maintained the early gains and buying interest which helped the markets to close in positive territory for the third consecutive day.
It closed above the 5 DMA and 20 DMA levels and RSI around 85, indicating that the market is looking positive ahead in the coming days, and the markets are consolidating for another beginning of a positive trend towards 5350 levels. 5000 emerged as a strong support for the markets now.
Once 5200 level is reachieved, markets will soon head for 5350 levels now. Last month Markets slipped below 5200 mark right after our prediction of slipping below this level in our 3rd Mays blog.
Astrologically Sun in Taurus, ruled by Venus and the ruler Venus in Gemini will bring buying interest in Gold, Silver, Copper, Banking, Financial, Sugar, Textile and FMCG stocks, while Jupiter in the Pisces may attract more WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on June 4, 2010
The previous market session closed on a positive note after a flat opening, after a flat opening markets turned weak but soon gathered buying interest which helped the markets to surge up and close in positive territory for the third consecutive day, indicating the strength in the markets.
It closed above the 5 DMA and 20 DMA levels and RSI around 85, indicating that the market is looking positive ahead in the coming days, and volatility has now started getting reduced after our 27th May’s blog, in which we predicted that this volatility is now likely to diminish within next two weeks and markets will consolidate during this time for another beginning of a positive trend.
Once 5200 level is reachieved, markets will soon head for 5300+ levels now. Last month Markets slipped below 5200 mark right after our prediction of slipping below this level in our 3rd Mays blog.
Astrologically Sun in Taurus, ruled by Venus and the ruler Venus in Gemini will bring buying interest in Gold, Silver, Copper, Banking, Financial, Sugar, Textile and FMCG stocks, while Jupiter in the Pisces may attract more buying interests in the banking sector and Gold in this month.
Nifty finally WAIT! There is more to read… read on »
