Friday, September 25, 2009

NIFTY IN TRIANGLE



--Nifty is currently in correction to the uptrend.
--correction seems to be in triangle.
--any breakout from the triangle will be a big trading opportunity.

Saturday, September 19, 2009

blog update

this is to inform you all that blog will not be updated for next few days.

Thursday, September 17, 2009

RECTANGLE TRADING



--AFTER GAP UP OPENING NIFTY TRADED SIDEWAY IN A RECTANGLEAND THEN GOOD BREAKOUT OCCURS FROM IT.

--A-4920, B-4941, C-4927, D-4949, E-4931.

--WAVE E CONSUMED 9 FIVE MINUTE CANDLES WHICH WAS TAKEN OUT BY JUST 2 CANDLES AND THAT IS ''BULL POWER''.

Wednesday, September 16, 2009

CUES FOR SEPTEMBER 16

TECHNICAL CUES---

• Nifty made high and low of 4899 and 4808 yesterday.
• SGX Nifty is trading around 4942.
• Last swing bottom is at 4786.
• Trading above 4899, up move will be seen up to 4950, 4980.
• Below 4860, weakness will be seen up to 4840, 4810, 4780.
• Currently Nifty is in uptrend (medium term) with targets of 4900(achieved), 5100, 5300.
• Nifty is in short term uptrend also with remaining targets of 4950, 4980.

DERIVATIVE CUES--

--Nifty September future premium decreased to 8 points so cost of carry decreased. (Bearish)
--Nifty open interest increased by 10 lacs suggests short addition. (Total OI now at 3.24 cr)
--Nifty calls shed 8 lacs and puts added 47 lacs in open interest. (Bullish)
--Nifty open interest put-call ratio is at 1.59.
--4800 puts had open interest of 49 lacs (+33%) and 5000 calls had open interest of 41 lacs (+4%), so 4800 and 5000 will be important levels to watch for.
--India VIX closed at 30.20, decreased by 4.6% suggests stability. (Bullish)
--In Nifty stocks, advance-decline ratio is at 45/5. (Bullish)

Friday, September 11, 2009

BULL POWER


***factors favouring bulls---
--downward trendline broken in nifty.
--macd shows positive divergence.
--downward trendline broken in rsi also.





--today in secong part of the day bulls were having more power then bears.
--from 4832 to 4791, nifty consumed almost 15 candles but 4832 was taken out from 4791 in just 9 candles suggesting of the bull power.
--now interesting part to note is that from 4846 to 4791 nifty cosumes almost 38 candles.
--so if 4846 is taken out on monday before 11 A.M. then whole correction will be over and nifty will resume its uptrend again.

Thursday, September 10, 2009

BEAR POWER



--NIFTY CONSUMED 21 FIVE MINUTE CANDLES FROM 4819 TO 4861.
--AND CONSUMED ONLY 6 CANDLES FROM 4861 TO BELOW 4819.
--THIS SUGGESTS THAT BEARS WERE IN MORE POWER THEN BULLS TODAY.
--THUS MARKET CAN CORRECT MORE ALSO.

Wednesday, September 9, 2009

nifty daily chart



--RSI and NIFTY had given a breakout from a triangle suggests more bullishness ahead.

Friday, September 4, 2009

triangle breakout


--nifty gave breakout from the triangle.
--updates were given live for same on twittwr at http://twitter.com/niftydoctor