WORLD CLOCK

Bse-Nse Price

Saturday, December 10, 2011

Weekly Market Strategy 12-12-2011 To 16-12-2011


European Union’s fate is still awaited and the direction for the global financial markets depends on the decision taken today. It is possible that the decision can cause wild swings in the markets in either direction, and what is the decision remains the all important question. I am not expecting Euro to fall, but what would be the cost of its existence is the question.

If we see what has caused this scenario - it is the uncontrolled expenditure from some of the members of the EU what has put the entire EU into trouble. As all the members of EU are financially very closely interlinked through Euro, problems for one are bound to cause severe harm to others. This uncertainty has been reflected in the global markets throughout last week and the bear rally we had talked about last week fizzled out quite prematurely, without even testing the important resistance zone.

Bullishness was short lived as the Bears took control and pushed the market lower. The market fell after touching the 61.8% pull-back level of the recent fall. The belief, that Bear market rallies are sharp and swift, was once again underlined by the swift upmove of the previous week and the sharp fall of the current week. Market left a gap while moving higher in previous week and also while falling down in the current week. Both these gaps, along a cluster of five candles between them, form a Bearish Island Reversal pattern. This pattern has strong Bearish implication and only a close above Sensex 17003 and Nifty 5099 can negate it.

THIS WEEKS RECOMMENDATIONS:

Wednesday, October 26, 2011

Happy Diwali and a Prosperous New Year !!!

Happy Diwali and a Prosperous New Year !!!

Saturday, September 24, 2011

Sunday, April 3, 2011

Weekly Market Strategy


THIS WEEKS RECOMMENDATIONS:

Team India as well as the Indian Markets are on a winning spree,1.21 billion Indians Blessing to Team India.






Sunday, March 27, 2011

Weekly Market Strategy


No positive triggers, No great news, but just Mr. Warren Buffet declared Indian Markets as a great opportunity and the bulls made hay based on that one statement.

Saturday, March 19, 2011

Weekly Market Strategy 21-03-2011 TO 25-03-2011

Currently the Nifty is trading between two Trendlines. One is providing support (5232) and other resistance (5524). Both Trendlines are part of a Symmetrical triangle set-up. Market is waiting for the Nifty to provide the required breakout. A Symmetrical triangle is a Continuation pattern and hence the natural tendency, in this case, will be to give a Bearish downside breakout. But we will wait for the actual breakout to occur and take it from there.

Saturday, March 12, 2011

Weekly Market Strategy

Tsunami Hits the World Markets!!!

A massive earthquake of the magnitude of 8.9 on the Richter scale, hit Japan. This was followed by tsunami on the coastal region of Japan. This was the biggest quake in the last century inJapan and possibly the fifth biggest in history. As a result ports, airports and rail networks were shut down. Besides tremendous loss to human life, there was reportedly some damage to the nuclear facility and a major oil refinery caught fire. As a result, oil fell for the first time in last ten days as it went just below $100 per barrel. The resultant impact was seen on our market as it dropped down by over a percent. But the market will give a more measured response on Monday after digesting the bad news.




Saturday, February 19, 2011

Sunday, February 13, 2011

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