Friends, The markets remained highly volatile on Friday indicating that the direction is not clear and the support zone of 5200-5228 is likely to held for some more time. However on the higher side the indices failed to cross the resistance zone of 5294-5308. The charts are indicating that the volatility is likely to continue and high due to the impending Expiry on Thursday. It is
Friends, The markets surprised everyone by giving an upside. Everyone was expecting the markets to touch 5200 atleast once. But this sort of rally might be a trap for the retail investors. The operators might have took the market to 5364 so that people start buying and all those who have shorts cover their shorts. Markets are very tricky. So, right now i wont recommend any
Friends, The markets corrected today reacting to the budget. Nifty opened at 5337 and within few seconds was in negative and could not recover the whole day. Going by the budget, nothing substantial was expected from the budget. So, the disappointing budget was not a surprise. Now this is already discounted in the market. The markets should correct till 5217 to cover the gap it created
Hi friends The markets opened flat and instantaneously there was a 30 point cut. The market never recovered and slipped 90 points down to close at 5380. The stance by RBI to keep the rates unchanged was the primary reason of this downfall. The banking stocks rallied on Wednesday expecting a rate cut from RBI but the high inflation numbers and rising crude price forced
Friends Again Nifty had a gap up opening today. A part of that gap was covered during the day but still gaps remain. These gaps need to be covered in future. Nifty was trading in a very small range of 5440 - 5470 for the whole day. The bank nifty was up 203 points in the anticipation of RBI decreasing repo rates tomorrow. This
Posted By : Kishore B.S
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