The week has been volatile with lot of gap ups and gap downs! The series of narrow ranges continues! During the week mid-cap small indices rose but large caps and heavyweights were more or less subdued. So what’s...
Category - Daily Trading Plan
Daily Signals based on Hybrid Model & market commentary.
A wake up call for the bulls! Nifty gapped down 91 points at 11317.45, made a low at 11289.9, and settled down at 11312.2 or 96.20 points. I had advised readers to be cautious in my previous issues of the Daily Game Plan...
A Range contraction day! Nifty after opening strongly gave up the gains and closed at 11408.4 or 23 points. It is evident that the markets are lacking momentum above the important breakout level of 11350-11375. The...
Finally, the bulls have won! For now, atleast! As I had mentioned in my previous issue of the Daily Game Plan… If the bullish trend were to continue, Nifty has to make a large bullish candle above 11350 possibly...
The tussle between the bulls and the bears continues! Nifty after opening up almost 70 points, quickly gave up all of the gains and made a low at 11144.5, only to recover and close at 11247.1 exactly where it opened. Nifty...
It was indeed quiet before the storm on Friday! Nifty and Nifty Bank both were printing out narrowest ranges as well as back to bank Doji’s which were pointing to range expansion. The Nifty had a range of just 136 points...
The status quo remains! One more trendless day! Nifty after falling almost 70 points after PM Modi announced transparent taxation but recovered and closed just a tad lower than yesterday at 11300.45 Nifty pharma was at...
The consolidation continues! Nifty is unable to decisively break above 11300 levels. After printing out a few Dojis and narrow ranges, Nifty has still not been able to find the direction. Nifty Daily Nifty has...
Range Contraction continues! Today Nifty went above the previous peak of 11341.4 and made a high of 11373.6 but gave back half of the gains to close at 11322.5. This is the second day in a row that Nifty has printed out a...
Here we are, stuck in a range! Nifty Pharma was the star of the day which closed up 5.37% after many companies announced an excellent set of numbers. It’s a good place to mention here that my Dual Momentum Model...