Blog Posts

Nifty medium term trend channel

The one Nifty trend channel you must observe closely

In our last report we pointed to a short term channel that was being followed from 7714 lows formed on 16th November. We also mentioned how the upward price movement had lacked to exhibit the right price action for a sustained up-move. We also mentioned and we quote: “You see […]

DXY Chart

Dollar Index and USDINR

An ending diagonal triangle, or wedge as many call it, is a narrowing price move composed of two converging trend lines highlighting a wave 5 pattern. An ideal ending diagonal is reproduced below: We are likely seeing this pattern unfold on the dollar index charts (1-2-3-4-5 wave count in the chart […]

NSE Share Market

Nifty, Sensex chug along, we continue to stay cautious !

As Nifty & Sensex chug along, we continue to stay cautious. In our last post we mentioned the importance of breaking the level of 7996 with the right price action, in order for bulls to take charge. Now that we are close to 7940, it becomes important to clarify what we […]

NIFTY

NIFTY bulls and bears in a fix

NIFTY has been in a range since last few days. Unfortunately, clarity evades us as the level of 7691 on the downside has not been broken by NIFTY, which leaves us with a possibility of major rally in NIFTY. Unless the level of 7996 is broken on the upside with […]

Gold Bonds

Should you invest in Sovereign Gold bonds?

Should you invest in Sovereign Gold bonds scheme by Government of India. We compare them with Gold ETFs, physical gold and bank fixed deposit below. Any investment decision a trade-off in terms of returns, taxes, holding periods. Consider these options for investment in gold: Gold bonds: You get 2.75% (which will […]

Sell Polaris Consulting

Polaris Consulting Target Rs.183

Polaris Consulting has rallied to 204+ levels, we wish to bring to your notice that it faces resistance from a long term trendline so far it has not managed to break the trend line.  In absence of crossing the trend line prices won’t be able to touch the return line […]

NIFTY Bihar Outcome Effect

NIFTY Gaps down: Should you buy?

Bihar Poll results help beat down already weak NIFTY. NIFTY has opened gap down. There is a common myth in Technical Analysis which goes “All gaps should be closed before sustainable trend”, which is a myth because it is not necessarily true, which means if it may or may not […]

Warren Buffett Investing

Are you a Warren Buffett fan?: Food for thought

Are you a Warren Buffett fan? Do you follow his investor philosophy and what he preaches via his letters to investor. We came across a very interesting article by James Altucher  (an american hedge fund manager , entrepreneur , and also author of the book Trade like Warren Buffett). He makes […]

NIFTY Stochastic signal

Is Nifty headed for retest of Modi Era Support Range?

Twice before stochastic divergence coincided with NIFTY halting its decline. The chart below shows how close is stochastic currently to those levels. NIFTY is also presenting a brief divergence as while 2nd Nov. lows on NIFTY have been broken and NIFTY has made a substantial new low today, stochastic have […]

NIFTY Gap

NIFTY Support Zone Update

NIFTY cracks from our resistance zone mentioned in the last update on NIFTY. It now hovers above the crucial support zone between 8055-8088, with stochastic pointing towards further weakness, at the same time the momentum oscillator has ‘flattened’ instead of making new lows, while NIFTY today made a new low. We […]