Nifty continued its upward march despite many bearish indications. This rally looks like turning into a euphoric rally which is difficult to sustain. Nifty faces significant resistance in the zone of 11244-11350. It’s...
Category - Daily Trading Plan
Daily Signals based on Hybrid Model & market commentary.
The markets continue their upward journey and closed up 0.74% at 11215.45 on the back of gains in heavyweight stocks like Reliance, ICICI Bank, Kotak & ITC. But the levels remain the same as yesterday. Nifty is at a...
Nifty hit the high 11238, just near the resistance gap of 11244, and erased all the gains during the day. This was the first negative close in the last 5 days. The Nifty faces a strong resistance at the downsloping trendline...
Markets continue to remain buoyant! There are plenty of indications suggesting for a pause or correction but markets are not budging! Nifty is highly overbought near the significant resistance zone. Yesterday’s...
Nifty again rose today by 1.11% to close at 11022.2. Nifty is overbought on daily as well as weekly charts. Nifty is trading in the significant resistance zone and will give up any day. Nifty has traced out the narrowest...
Markets continued to be choppy during the past week. At the beginning of the weak Nifty declined and by the end of the week, we are up 1.24% at 10901.7. Star performers were IT stocks which witness buying frenzy and took Nifty IT...
The choppiness continues! Nifty ended up 1.15% at 10739.95 on the back of stellar gains in index heavyweight Infy which rose over 9%. During the day it was up nearly 15% but cooled off at the end of the day and took down...
What a day it’s been! After rising over 200 points, Nifty gave up all the gains and closed just 10 points up. IT stocks and Reliance AGM was the showstopper for yesterday’s session. Wipro and Infy were the star...
Nifty yesterday declined by almost 200 points after kissing its 200 Day Average on Monday. The market was looking tired and the correction was much necessary. Nifty Daily As you can see in the chart, Nifty is forming a...