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Indian Parliamentary Election 2014 Estimates have been drawn using Technical Analysis Computations for the first time. A...
15/05/2014

Indian Parliamentary Election 2014 Estimates have been drawn using Technical Analysis Computations for the first time. As complete state-wise historical data & current state-wise swing trend data was not available, there may be some margin of error, though the result seems to very encouraging....

27/03/2013

Metals Movement : The Metal Scrips have been consistently moving southwards for last few months, transparently reflecting the movement of the underlying base metals worldwide. The last fortnight saw the first divergence in the movements of the base metals and the metal scrips, the base metals pulling back from their lows with some strength. This divergence indicates that the Metal Scrips may also witness an initial pullback from their lows, leading to some short covering runs. Individual scrips may see a 15% to 30% gain from their present lows, before it falters. Definitely could be beneficial to keep a track of scrips like Sterlite Industries, Hindalco, amongst others.....

May you enjoy the colors of life to the fullest ! HAPPY HOLI !!!
27/03/2013

May you enjoy the colors of life to the fullest ! HAPPY HOLI !!!

21/03/2013

Baltic Dry Index, an index measuring the demand for shipping capacity versus the supply of dry bulk carriers, is also a leading economic indicator because it predicts future economic activity. It has been often observed to be leading the world equity market trends. Baltic Dry Index has been showing a major up-move since early March from 775 to 925 presently, and may exhaust this move around 1050 levels. This indicates that the world equity markets up-move is not over and may still continue for some time more.....

21/03/2013

The smart recovery made today by Bank Nifty is in line with the expected move towards 13500. Its divergence from the Nifty movement and attempt to lead the recovery is an indicator of underlying strength. Allowing for the volatility associated with top or bottom formation,as it may again attempt to break the recent lows, the movement should hold the previously (16/03/13) indicated levels.

18/03/2013

After the Cobra Post Expose, 3 leading private sector banks took a major beating on suspected money-laundering activities. All three banks should take support in coming days... Axis Bank around 1230-1260, ICICI Bank around 990-1020 & HDFC Bank around 590-610..... PSU Banks may rally better in coming days !

16/03/2013

BANK NIFTY movement indicates a flight towards 13500 - 14000 region from the 11000 - 11800 currently. Banking & Auto sector shares have been taking the brunt for past few weeks and most of them are already hovering in 'oversold' zone. Adventurous investors/traders can take selective positions for a good ride ! A stoploss of below 10000 on Bank Nifty is recommended for any such trade !!!

09/03/2013

Although the Budget Day reaction was negative and broke through 5770-5820 to settle in the next major support at 5650-5680 region, the movement to near 6200 is very much on cards. Infact, their is a lingering feeling that it may momentarily surprise us by shooting upto within kissing distance of 6250-6300 also ! Shorts Beware, you may just get an exit around 5860 - 5900 levels !!

05/03/2013

INFOSYS underwent a time correction (instead of a price correction) for more than a month confined in a narrow range (2740 - 2850). A breakout from this range indicates a major move towards 3250 region, especially since it has not filled up two major gaps. Albeit for this to happen it has to convincingly cross & close above 2990-3040 levels.....

16/02/2013

Will the Budget 2013 take the Nifty to 6200 ? Most likely yes ! A meaningful support stands firm between 5770 - 5820. The movement of Nifty seems to indicate a retrial of the previous top reaching within a striking distance of 6200. Now sustenance above that is another matter ! A typical top formation is suggested on the monthly charts......

21/01/2013

Reliance Industries has shown a strong movement riding on the back of expected good results. Only if it crosses and sustains above 956 - 960 levels, we could see it kissing 1100 levels. Failure to do so would see it making lower bottoms than in the recent past... breaking its support in the 820 range. Short term target could be 780 - 750......

10/01/2013

INFOSYS LTD. - The Bell Weather Stock
After its last result which saw a Rs.500 intraday move from Rs.2585 to Rs.2060, the stock is poised at the very middle point of that move currently, trading at Rs.2320. A cross-over of Rs.2381 - Rs.2400 may see it touching around Rs.2500 in the short term. Its failure to go above Rs.2381, the recent high, may see it traversing back to atleast as low as Rs.2150 to Rs.2100 in the days to come....

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