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Nifty ending diagonal

Nifty: Possibly Ending diagonal pattern completion today

Nifty opened gap down 80 points and ended sharply lower today down by over 1.5%. At one point it was trading down close to 200 points, but ended up recovering some losses by the day end. We have been tracking this pattern for few days now, but this pattern requires […]

share market correction

Market Crash: Is this like 2008 all over again?

With respect to Nifty’s fall, a lot of comparison is being drawn to the kind of crash we saw in 2008. So we decided to pick up the monthly chart to actually compare this fall with what we saw in 2008 and a later correction we witnessed in 2010-11. Chart […]

Nifty 14th January

Indian Equities: Right time to start building your portfolio

Our last short term update on 12th January read: “Nifty opened lower yesterday and has managed to close the opening gap formed yesterday. Markets managed to bounce from 7494. The price structure looks corrective, but considering the volatility we recommend getting out of your short trades if markets cross 7633. […]

nifty 12 jan

Nifty Short term Update

Short term Update Nifty opened lower yesterday and has managed to close the opening gap formed yesterday. Markets managed to bounce from 7494. The price structure looks corrective, but considering the volatility we recommend getting out of your short trades if markets cross 7633. The shorts can continue to target […]

Nifty

Nifty: Potential for further fall but has strong support to break

The swiftness of Nifty move anticipated in our last report played out well, with global markets extending further sell out. The swiftness of the move and increased volatility means it would get increasingly harder to trade these moves. The gap down like these only further adds to the confusion, as […]

divis laboratories

Divi’s Labs may present a low risk trading opportunity

We came across this chart today and would like to alert our readers to an impending trading opportunity in Divi’s Labs. The chart below shows a triangle formation in price charts. A triangle formation can be broken down into 5 legs and we are likely seeing the 5th leg in […]

nifty 6 jan trend

Nifty: More pain likely

In our last post we mentioned: “It would be wise to not consider the current rally to be the beginning of a sustainable bull market unless we see some concrete developments above the trend channel. There is every possibility we may still see a sharp reversal and fall in the […]

Voltamp Transformers

The market mover from 31st Dec you must watch out for

A┬ádebt free heavy electrical equipment company which happened to have rallied by 13% on 31st December 2015 with extreme volumes has managed to break out above its 52-week high of 839. The sales of the company have been under pressure specially over last two quarters. The charts of the company […]

Summit Securities

Avoid these market movers from 29-December

We recommend you to avoid these market movers from 29-December: Salora International happened to move by over 13% on closing basis. It has seen a a major gap opening with extreme volumes. We urge you to avoid this stock as the move has likely exhausted itself (or is about to). […]

nifty

Nifty rally may continue in the short term

The stock market movement post the Federal reserve rate hike has been an anticlimax. The markets have refused to go below the Modi Era support range although they did manage to briefly test it. We believe it is still advisable to stay cautious on the long side, as the price […]