Monday, December 9, 2019

NIFTY SPOT-

Still i believe bulltrend is still in Market so 11800 would be crucial level for bull. But short term pattern indicates some kind of bearish is there . RSI and price are indicating further fall could see till 11800 .short near 11940 sl 12000 tgt 11800

Wednesday, November 13, 2013

NIFTY SPOT



Nifty touched 50 days SMA in daily chart and trading near weekly as well as Monthly support area . and Oversold in stochastic indicator indicates bullish is still active but before taking position we need a bull candle in daily chart then may go upward .

      From here my thinking says nifty may touch 6400 levels very soon then see a huge downfall from that levels may be 5700 levels.on the downside . so i am very bullish on PSU bank (from here CANBANK looking very good rally is there in short term  pattern as well as inaxisbank,relcapital,bob,sbi etc.) 


Friday, September 6, 2013

USDINR

I don't think USDINR should fall from this area and MA , Fibonacci ( 38.2% ) Trend line, Candles are giving kind of support and Buying action should be happened after getting conformation  from Candle as well as pattern also in daily chart.

Saturday, August 17, 2013

SPX



US Mkt. or SPX index is going to be crash after a small bounce back. and small bouce back will be indicated a ENDING DIAGONAL PATTERN  in weekly chart at higher levels with a Negative Divergence indicates free fall could be start OR we could say Beginning of Down Trend  Mkt.

    Again telling, i have confident on buying gold at this levels in Indian Mkt. bcoz Fearing is coming on Equity and Rising in Inflation as well as Depreciation in USDINR , which will be boost for Gold for longer term at least for the TGT. of 45000  .

Wednesday, August 7, 2013

NIFTY,SENSEX(LONGER TERM CHART) ,TATAMOTORS

TATAMOTORS
SENSEX

NIFTY
Short Tatamotors @ CMP for the Tgt. of 230/180 levels very soon due to Ending Digonal pattern is on Monthly , Weekly , Daily chart which are indicting huge fall is coming in Tatamotors so be careful at this stage.

                 Nifty is Trading below 5750 levels which was weekly strong support area so from here i feel free falling line should continue till 5200/5000 levels .and mid term chart pattern has been damaged so be careful to add buying position at this levels

               USDINR may touch 62.50 levels very soon but in near term we could see 65 levels

Sunday, August 4, 2013

WEEKLY SENSEX CHART

SENSEX WEEKLY CHART

MSCI INDIA ETF
                    
                    This time we are very bearish in this mkt. but if u look on MSCI INDIA ETF then u will find a pull back rally after completing of 5 wave pattern near this current levels. and most of stocks including banking stocks also , these are very very oversold at this time so need to be a very good pull back rally or some kind of consolidation pattern for 2 months at least.

                    Thatswhy i believe ,we have to convert in bullish mode with sl of  18400 levels . but still mkt. is trading in a range which is (19150-20000).

                     According to contrarian method ---everybody is sitting in bearish side or doing short and advising short also ,so it must be bullish for some time , may be 3 months at least . Dow chart is still in bullish mode and showing bearish in USDX as well as USDINR .

                      From this point of view my view has been changed from bearish to bullish but not looking for longer term uptrend from this levels . yes , if mkt. falls below 18400 levels then i will be very bearish .