Market Review for 23rd August 2016

Nifty (8629) we said ‘technically trend is still intact but there exists selling pressure near 8746 and support around 8600 zones’ the Nifty unfolded as expected and Nifty seeing low closer to supports…technically now the range is modified to 8700-8550 with volatility…    

The support for the Nifty is at 8600-8550-8520 and the resistance is at 8700-8746

NIFTY OUTLOOK FOR 22-8-16

Nifty (8667) we said ‘it is quite possible that the Nifty may open again in the green but I would be cautious in the upper regions’ the Nifty opened in the green and traded volatile during the day and closing flat…technically trend is still intact but there exists selling pressure near 8746 and support around 8600 zones     

The support for the Nifty is at 8600-8520 and the resistance is at 8746

TURNING POINT FOR S&P

S&P500 -This is 89 month From low of 666.79 made on March 2009 Crucial Turning point ? Already up 229% in 89 months.

Market Review for 16th August 2016

Nifty (8772) we said ‘I would maintain that rallies are shorting opportunities’ the market saw a rally and the market opened up with a bull gap closed higher at 8672…now I expect the market to open with gap again and once again a gap up could be a shorting opportunity near the highs as 8746 is a stiff resistance zone and the market is still in sideways zone

The support for the Nifty is at 8520-8480 and the resistance is at 8746

GRASIM

GRASIM Future-On Friday told above 4251..tgt 4474-4548 & then 4769-4843 Yes ,Above 4548...Gates for 4769-4843 opened

INFOSYS

INFOSYS Future-Will it cross 1100 First or Crash below 1000 is possible. Below 1052 ,Gates for 1015-999 is possible.

RELIANCE INDUSTRIES

RELIANCE Future-Bhisampitama of Indian Mkt All eyes on 1045..Crossover and stays above..Watch FOR Tgt 1072-1081

Market Review for 8th August 2016

Nifty (8683) we said ‘and in the process generating a pattern would could stall the selling pressure and so a bounce is possible and I would say that 8490 is a crucial support to work and a breach of 8490 would hit the market hard and until that happens…its back to consolidation’ the Nifty unfolded as expected and closed massively in the green trapping the shorts…technically now like I saw we are back into consolidation and the next logical technical target in the days to come is 8746…crucial support 8600     

The support for the Nifty is at 8600-8490 and the resistance is at 8746

Market Review for 5th August 2016

Nifty (8551) we said ‘technically now 8600 is a stiff resistance and downside to 8490-8350 opens up’ the market opened with a bull gap despite a big GST event and closed flat for the day and in the process generating a pattern would could stall the selling pressure and so a bounce is possible and I would say that 8490 is a crucial support to work and a breach of 8490 would hit the market hard ad until that happens…its back to consolidation…  

The support for the Nifty is at 8490 and the resistance is at 8600

GST

Way Politicians ,Ministers ,Media ,Corporates talking about #GST it looks India got Independence Yesterday not on 15th August 1947

WATCH THOMAS COOK

Quess corp up 32% in last 1 mth, PARENT Thomas cook (holds 62.6% stake) down 10% in last 1 month....keep an eye on Thomas cook

GST

Once #GST Bill is passed ....What is the advantage to Day Trader ?? A Million $ question !

DAILY CALLS

NIFTY NIFTY Sell in the range of 8680-8690 8650.00/8630.00 8705.00 ITC ITC Buy in the range of 260.25-260.75 265.00/268.00 258.30 Hero MotoCorp HERHON Buy above 3280.00 3330.00/3360.00 3254.10 KPIT KPISYS Sell below 128.00 126.00/125.00 129.20

Market Review for 2nd August 2016

Nifty (8637) we said ‘technically the trend is still intact up and sideways consolidation is not ruled out  and strong support exists at 8572’ the market unfolded sideways as expected and closed flat for the day…technically the trend is still intact up and the levels remains the same…         

The support for the Nifty is at 8572 and the resistance is at 8746

just statistics

Earth's 🌎 human population in 1916 (100 years ago): 1.7 billion .@facebook's number of active users: 1.7 billion

DIGITAL INDIA ???

S Korea 94%🇰🇷 Australia 93% Canada 90% U.S. 89% UK 88% Germany 85% China 65% Brazil 60% India 22% (Digital India ????? )

NIFTY FUTURES

All Eyes on 8669 for NF...Break and stays below See PANIC PANIC up to 8623---8608 in minutes only.