The view expressed in the Last Week’s update hasn’t changed much. There is still no conclusive answer to the key question – Is a major low in place at 5,477?…Continue Reading
Here is the extract of the concluding paragraph from last week’s update: “The Nifty could rally to the immediate resistance at 5,610-5,620 range. A breakout past 5,650 could help the…Continue Reading
Operation Success, but the patient died! This best summarizes what happened last week. While the expected short-term bounce in the Nifty did materialize, the long positions would have however been…Continue Reading
The Nifty has fallen below the Nov. 20 swing low of 5,548, which is a sign of weakness. This affirms the medium-term bearish view. From a short-term trading perspective, it…Continue Reading
In the Daily Market Commentary on Thursday, we had mentioned that there was a case to consider long positions in the Nifty as the risk was very marginal and affordable. …Continue Reading
Quite often I am confronted with this question from traders about how should they frame a trade when the price reaches a Turn-Zone or an area of support or resistance…Continue Reading
In the latest Free Weekly Webinar that we host every Friday, we mentioned that there is a case for a recovery in the Nifty. What was the basis for saying so?…Continue Reading
Lots of analysts and market participants have highlighted and also been concerned about the loss of momentum behind the recent leg of the rally in the Nifty. But a logical…Continue Reading
Let me start off with a simple analogy before getting any further. I have an old radio which works pretty fine. I listen to my favorite program in Radio Mirchi…Continue Reading
Anyone interested in Technical Analysis would have read about Fibonacci Retracement, projections and the fractal nature of markets. Typically, analyst use the prior up-swing to identify potential area of support…Continue Reading