Technical Traders

N ifty closed in green at 5139 posting a splendid gains of  85 points on the board.The nifty has closed in green for the 2nd consecutive week after bouncing from the 78.6 retracement level.The overall market breadth was positive with818 advances to 624 declines.The markets are trading above the short,intermediate and long term DMA levels favoring the bulls.The upcoming is beginning with a big event of Greece election results followed by RBI policy on repo rate cut.With the move on Friday it seems markets have sensed the probable outcome and given a token of receipt to the bulls.                  I may be presuming  things but we never know when will the wind take a new direction.Hence we need to be cautious.As per the charts,market is showing strength and enthusiasm leading the rally,but my question till where will this enthusiasm sustain.We need to be very much  rational about the market sentiments,...

Nifty closed in red at 5054 losing 67 points on the board.The bull halted on account of the inflation impact,but still they are abreast with the trend.As said yesterday,big events have been lined up ,the RBI is coming with the Rate cut policy,if they disappoint then we might see the short term trend changing to bearish.The markets strongly need a stimulus  to move ahead ,also the fundamentals aint been much convincing,also the earning season was a flop show,in such circumstances,markets need catalyst to remain in good tone.                 If the Apex bank comes out convincingly ,we are likely to see nifty around 5400 levels,further 5600 will also look like an approachable target..We just need to wait for the results to come out understand them and react accordingly.With today's fall nifty adjusted itself with the current monetary state.            ...

Nifty posted gain of marginal gains and ended in green at 5121.The overall markets breath was almost equally weighted with 719 advances to 727 declines.In today's session after n initial cut down  markets recovered smartly taking markets to day highs,the overall session was was a see-saw ride with just a marginal close.                                                                                                                ...

Nifty closed in green at 5115 with splendid gains of 61 odd points.The overall market breadth stood  positive with 786 advances to 669 declines.With this strong up move it is expected to resume the rally ,also it seems to be headed to 5200 in coming days.The markets have become very sensitive,we have a series of global as well as domestic events lined up,which markets are awaiting to react to,viewing this markets expected to become choppy and volatile.Fundamentals still remains weak,hence it is really difficult to tell where this rally would fizzle out.       Technically the markets have bounced from the 78.6 % retracement level forming a double bottom,resembling bullish sign,recommendation is on the long side.With this move markets have violated and managed to stay above the dynamic 200 DMA level,which is an effective sentiment indicator.The MACD is trading with positive crossover but still below the zero line       ...

Nifty ends in red at 5054 with a loss of  14 odd points.The markets posted a strong bullish gap up opening following strong global cues.Till noon market faced a sideways movement,but suddenly the news of S & P downgrading India struck the markets ,following  came the profit booking,which led the markets to close in red. The overall market breath  stood positive with 743 advances to 709 declines                                                                                                 ...

Nifty gave a loss of 82 odd points on the board ,The market breadth stood strongly in the favor of the bears with 401 advances and 1057 declines.Bears are firming their grip over the markets.The global economic and political uncertainties are fueling the bears ,moreover markets are facing a disappointing GDP,adding to the current woes.                                                                                                              Technically markets are looking bearish ,as said yesterday look for the 4720 and 4535 as the near term targets of nifty,but the targets wont  be attained in a straight line fall.These levels will be approached as a series of events ,which may also include some t...

Nifty registered a loss of 26 points on the board.As expected markets gave a wide gap down opening on strong negative global cues and Rupee depreciation.In later part of todays session nifty however managed to recover some of the losses ,while the rupee also coming off from its new lows.The overall market breadth breadth was negative with 648 advances and 811 declines.                                                         Today was an expiry session and hence choppiness was a normal scenario.Well,we have registered a sequential third time negative May month.According to the seasonal patterns thiscuold possibly the trigger markets to forming a new low in coming quarter session.Going further 4720 and 4535 are the levels to be looked upon.The current global turbulence is just becoming the ingredient for the impending move of the markets.   ...