Posted by Indrodeep Banerjee on February 20, 2010
Total Views - 509
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 - 364
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 - 371
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 - 372
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 - 442
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 »
Posted by Indrodeep Banerjee on January 29, 2010
Total Views - 1419
The previous market session closed on a positive note after a gap down opening amidst a volatile trading session.
It closed below the 5 DMA and 20 DMA levels and RSI around 25 indicating that the market is looking positive for a bounce back after RBI credit policy revision and trying to come out of oversold zone with long term investors choosing stocks for the value buying opportunity.
Nifty finally closed at 4882.05
gaining 15 points or 0.30 %
Trading Strategy for 1 Feb, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
Posted by Indrodeep Banerjee on January 27, 2010
Total Views - 541
The previous market session closed on a extremely weak note in the negative territory breaking all the support levels after a gap down opening amidst a weak trading session.
It closed much below the 5 DMA and 20 DMA levels and RSI around 1 indicating that the market is looking extremely weak and sentiments down amidst concerns over RBI credit policy revision.
We don’t expect any interest rate hike or hike in PLR or Repo rate or Reverse Repo rate while CRR hike could be at most 25 basic points in this RBI credit policy review on 29 Jan.
Nifty finally closed at 4853.10
loosing 155 points or 3.09 %
Trading Strategy for 28 Jan, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
Posted by Indrodeep Banerjee on January 25, 2010
Total Views - 555
The previous market session closed on a weak note in the negative territory after a gap down opening amidst a highly volatile trading session. Market took the support around the level of 4992, as calculated by us.
It closed below the 5 DMA and 20 DMA levels and RSI around 1 indicating that the market is looking extremely weak and sentiments down amidst negative global cues but 4950 is emerging as strong short term support for the market on closing basis, hence we can see a bounce back soon whereas 5300 has been a strong short term resistance for the markets.
We don’t expect any interest rate hike or hike in PLR while CRR hike could be at most 25 basic points in this RBI credit policy review on 29 Jan.
Nifty finally closed at 5007.90
loosing 28 points or 0.56 %
Trading Strategy for 27 Jan, 2010
Intraday Support for the market shall be Click Here To Read Full Article »
Posted by Indrodeep Banerjee on January 23, 2010
Total Views - 545
The previous market session closed on a weak note after a huge gap down opening amidst a highly volatile trading session. Market took the support around the level of 4960.
It closed below the 5 DMA and 20 DMA levels and RSI around 10 indicating that the market is looking weak and sentiments down amidst negative global cues.
Nifty finally closed at 5036
loosing 58 points or 1.14 %
Trading Strategy for 25 Jan, 2010
Intraday Support for Click Here To Read Full Article »
Posted by Indrodeep Banerjee on January 22, 2010
Total Views - 557
“If Saturn is aspected by Sun, Moon or Mars, during a Uttara Bhadra nakshatra day then negative momentum will be experienced in the stock prices of Cements. Infrastructure, Iron and Steels, Tin, Leather and Footwear, Crude Oil and Gas, Coal, Mining, Metals, Realty and Agriculture Sectors, especially so if the Moon is also aspected by Venus, Saturn or Rahu, and the strength of the price momentum is likely to be more strongly visible during the Hora of Moon and Saturn.” Quoted from the book “Stock Market Astrology”
Click Here To Read Full Article »
