Posted by Indrodeep Banerjee on January 6, 2010
On Tuesday markets closed on a flat note after marginally positive opening amidst a volatile trading session.
It closed above the 5 DMA and 20 DMA levels and RSI around 92 indicating a mild resistance around 5300 levels but some more volatility due to profit bookings is likely to be witnessed in the coming days for the markets before it decisively starts trading above 5300 mark.
Nifty finally closed at 5281.80
gaining 4 points or 0.07 %
Trading Strategy for 7 Jan, 2010
WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on December 2, 2009
On Wednesday markets opened with gap up on the back of positive cues from the global markets. Markets opened on a strong note but turned volatile soon after the opening on selective profit bookings in the blue chip stocks at the higher levels.
Profit booking kept dragging the markets down throughout the day every time it tried to gain the ground, turning the days session extremely choppy and volatile.
Markets finally managed close flat but above the 5 DMA and WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on November 30, 2009
On Monday markets opened with gap on the back of firm cues from the Asian markets. Asian stock markets made a sharp rebound on Monday after the United Arab Emirates central bank on Sunday pumped more liquidity into its banking sector in a move to contain the fallout from Dubai’’s debt crisis. Realty, Metal, Auto and Capital Goods stocks witnessed the rally on significant buying interest from the investors.
Markets gained further grounds after the India’s GDP figure for the second quarter came in better than expected as it grew surprisingly at 7.9 per cent against WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on November 27, 2009
On Friday markets opened with huge loss and jittering with strong selling pressure across all the counters after the debt crisis of Dubai World, accumulating debt of 80bn USD.
After the gap down opening bloodbath continued across all the counters of the market until late afternoon when the investors resorted into some value buying which helped the markets to gain some grounds and recover from the days lows.
Markets finally managed to close much above the days low but in the negative territory. It closed below the 5 DMA and 20 DMA levels and RSI below 15 indicating few days of struggle for the markets before it WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on November 24, 2009
On Tuesday markets opened on a positive note but soon slipped into the reds on the back of negative cues from the other Asian markets.
Markets witnessed profit booking after the sharp rally of previous few trading session, but some buying came in around the support level which helped the markets to recover from the days low and end the day with marginal loss.
Markets finally managed to close with marginal loss after the days volatile trading session above 5 DMA WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on October 20, 2009
Banking, FMCG, Textile, Gold and eatable oils stocks will perform well in intraday and buying will come into these stocks
Posted by tradetiger on July 26, 2009
buy,buy,buy Good luck steel with cmp 34.50 tgt 100,150++++ within WAIT! There is more to read… read on »
