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