Technical Traders

Market opened with a gap up continuing Fridays move,the markets manage to test 5630 the previous 9 months high and is expected to continue to do so.Well the markets did not manage to stay above 5630 since it faced supply at higher levels ,that was for certain.The markets posted aclose below 5630,yet holding 5600, indicating the euphria might be fading.The markets hammered a 5% rise in just 2 days,with the fundamentals still being porous.I fell that the markets are on thestart of bull rally.                                                                                    ...

Nifty gave an extremely marvellous session today posting a close at 5577 with a rise of ferocious 143 points.The Markets witnessed a strong gap up of nearly more than 100 points following domestic and strong global cues.With a gap up opening the markets made another rising window pattern which is an indication of strong  bullish market and theres more upside remianing.The broader market  favored the bulls with an 819 advances to 674 declines.With the todays move the Nifty has moved out of the rising daigonal pattern and will head further upwards in coming days to come.Todays "BURST IN NIFTY " been advocated by me in my previous 2 posts.certainly markets were strongly awaiting for this exponential rise.                                           ...

Nifty witnessed an absolutely sedate session,the bias looked positive but lacked momentum . The broader market was negative with 665 advances to 808 advances.The rally seemed to take a halt for a day before continuing further.i feel that the rally would take the markets to 5470-5500 before correction.since we are lacing fundamentally the longevity of this rally cannot be counted on.                                                                                                       On the hourly charts we are making higher highs and higher lows keeping the momentum intact,still as advocated a burst of 40-60 points on the nifty is still pending before correction ,i feel this might come tomorrow.Hence adding nothing more to i...

Another excellent day for markets posting a close at 5431 with handsome gains of 41 points on the cards.The broader markets favored the bulls with 867 advances to 617 declines..The current session turned a bit volatile but ended smartly with ample gains.Now finally we made possible a close above 5400,this has elevated our expectation more ,also the markets seems to accomplish a higher high this time  evidencing the uptrend.This rally has more 40 points to bag before it get a hurdle,the  5476 level corresponding to 61.8% fibonacci extension level.                                                                         ...

Today market ended positive at 5390 with moderate gains of 26 odd points.With the current session, market have made up their mind of continuing the trend.The broader market favored the bulls with 793 advances to 680 declines.Now the markets are likely to trade higher towards the upper band of the diagonal,while oing so it may face supply at 5400.A close post 5400 will open up further alternative to 5600.          Tehnical indicators are also supporting this movement.The MACD is about to give a poitive crossover.While the stochastic oscillator has approached the overbought zone on the daily charts.Currently markets are making higher lows successfully,where establishment of a higher high will further testify the uptrend.Taking the larger view into concern,the ADX is failing to show a significant trend strength which gives us a warning signal of lacking fundamental stimulus,here i get a bit skeptic that whether the markets will be able to attain 56...

Nifty closed  absolutely flat in green at  5363 with marginal gains of 4 points.The broader market was a kind of mixed reaction but numbers biased  to bulls with 816 advances to 653 declines.Today's session formed a Doji candlestick pattern on the daily charts,which is an indication of indecision.After a splendid bounce participants are looking some what cautious ,,people might have started booking partial profits which is equally compensated by minute fresh positions.A balance is formed between the bulls and the bears.Markets are likely to continue this trend till 5400, while doing such it might take support around the  5300 levels.                                                         ...

Nifty closed in green at 5342 after bursting 103 points.The broader market undoubtedly biased the bull with 1012 advances to 475 declines.It was a complete blast at openeing ,though it could be reckoned in early morning following strong global cues an.d SGX NIFTY,The market closed with a sustained gains which lead us to bulls getting empowered.With the current gains expectation have risen and targets for Nifty in coming days have increased.                                                                             Technically Nifty bounced yesterdays from the uptrend-line and today witnessed a rising window,this has...