Posted by Indrodeep Banerjee on March 17, 2010
The previous market session closed on a strong positive note after a flat opening, markets turned volatile on opening but soon gained strength on sustained buying spree which helped the markets to surge up and trade with modest gains throughout the days session which helped the markets to finally reach above the 5260 levels at one point of time. Markets crossed our pre calculated resistance level of 5238 and again our buying strategy for buying above 5221 fetched profits to the traders
It closed well above the 5 DMA and 20 DMA levels and RSI around 96 indicating that the market is looking positive, volatile and may reach above 5300 levels soon if this buying spree continues with forced short coverings to be seen at higher levels.
Nifty finally closed at 5231.90
gaining 34 points or 0.65 %
Trading Strategy for 18 Mar, 2010
Intraday Support for the market shall be 5184 & WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on March 16, 2010
The previous market session closed on a extremely strong note after a flat opening, after the opening markets turned volatile but sustained buying spree helped the markets to spectacularly surge up in the days session which helped the markets to finally reach above the 5200 levels. Markets reached to our pre calculated resistance level of 5206 and again our buying strategy for buying above 5151 for the target of 5206 fetched huge profits to the traders
It closed above the 5 DMA and 20 DMA levels and RSI around 80 indicating that the market is looking positive, volatile and may face stiff resistance above 5200 levels, unless it manages to give closing above 5200 levels for this week.
Nifty finally closed at 5198.10
gaining 69 points or 1.35 %
Trading Strategy for 17 Mar, 2010
Intraday Support for the market shall be 5152 & WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on March 15, 2010
The previous market session closed on a flat note after a flat opening, after the opening markets turned weak but gained some strength in the mid session which helped the markets to finally manage to close flat with the marginal loss at 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 facing stiff resistance at every level while inching towards the 5200 levels.
Nifty finally closed at 5128.90
loosing 8 points or 0.16 %
Trading Strategy for 16 Mar, 2010
Intraday Support for the market shall be 5084 & WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on March 13, 2010
The previous market session closed on a flat note after a flat opening, after the opening markets turned volatile and lacked in decisive direction throughout the days session hovering into reds and greens before finally managing to close with the marginal gains at the end of the day.
It closed above the 5 DMA and 20 DMA levels and RSI around 86 indicating that the market is looking positive, volatile and adding sustained buying interest by steadily inching towards the 5200 levels.
Nifty finally closed at 5137
gaining 4 points or 0.07 %
Trading Strategy for 15 Mar, 2010
Intraday Support for the market shall be 5092 & WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on March 10, 2010
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 WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on March 9, 2010
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 & WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on March 8, 2010
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 & WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on March 5, 2010
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 WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on March 3, 2010
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 WAIT! There is more to read… read on »
Posted by Indrodeep Banerjee on March 2, 2010
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 WAIT! There is more to read… read on »
