NIFTY 31.03.2014

Nifty Touched 8550 and cooled down.

This week being truncated week with only 3 trading days, tomorrow is expected to be narrow range with negative bias.

Nifty Update 30.03.2015

Nifty has paused the downtrend and started to move towards 8550 on the back of institutional buying for NAV boosting in the year end. Nifty closed at 8492.. Next resistance is 8550 where some profit booking is expected.

Nifty Update 23.03.2015

Market will Gain Strength only above 8700. Till then its a sell on rise mkt.. However Nifty can give bounce from support 8500.

Also 13 Days of fall from peak is over.. Time for Reversal???

RCOM 12.03.2015

RCOM has given breakout after long time. The stock can move 10% to 15% from here

11 March 2015 update

Short term market is in sell mode. Medium and Long term market is still Bull Market with targets 9500+. Today was a consolidation day with high volatility. Market bounced from support level 8670 and every intraday rise was met with selling. Nifty is likely to go down once the consolidation is over.

Nifty Resistance- 8780/8845
Nifty Support - 8610/8470

Trade Plan 05032013

Further weakness below 5670 only.

Below 5670 likely tgt is 5597
Above 5720 likely tgt 5750-65

TRADE PALN 15.02.2013

In our previous post we had said that Nifty has Support at 5913-5915. This level held good till it broke in the last hour .Nifty closed at 5987.

As of now Nifty is trading very weak with Bearish bias. However a bounce is required from these levels to complete the Wave2 as shown in the pic. Then fall of 200+ points is expected from near 5950. Lets see.

Cheers