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September 30, 2016

Tata Steel

















On 15 July it crossed 360 levels and has been mostly in the range of 360-382.
It could not sustain above 382 levels and rejected twice back towards 360. Break of 360 will pave the path for downside.

LT - H & S


August 26, 2016

Nifty Weekly

















Inv H&S target completed at 8723. Now hovering around 78% retracement.

March 30, 2016

Nifty Daily

















On daily chart Trendline is broken. Big red candle is engulfing bearish. if falls below yesterday's low i.e.7578, fall will deepen. May take support at gap areas.

February 16, 2016

February 12, 2016

Nifty Hourly

















Trying to break the channel.

Jupiter Rahu Conjuction in June










JUPITER RAHU DIFF


12/02/2016 0:00 27.04 29.23 2.19 Gap btw Jup & Rah is increasing from 12/02 to Apr end. Gap will reduce from May 8th (Jupiter Direct) till conjuction on June end. So May & June should fall. Saturn square Naptune is due on 18/06 and 09/10. So on june end both "-" aspects fall.
29/02/2016 0:00 25.05 28.29 3.24
10/03/2016 0:00 23.47 27.57 4.10
25/03/2016 0:00 21.54 27.10 5.56
30/03/2016 0:00 21.20 26.54 5.34
10/04/2016 0:00 20.15 26.19 6.04
25/04/2016 0:00 19.16 25.31 6.15
10/05/2016 0:00 18.56 24.44 5.88
10/06/2016 0:00 20.23 23.80 3.57
25/06/2016 0:00 21.59 22.17 0.58
05/07/2016 0:00 23.19 21.45 1.74


15/07/2016 0:00 24.50 21.14 3.36


25/07/2016 0:00 26.31 20.42 5.89
















January 22, 2016

Nifty Channel

















1. Nifty finally broken the Hourly- channel.
2. It is above yesterday's high. If closes  above 7400, then further confirmation of trend change.
    7500 to 7620 resistance zone.

January 19, 2016

Nifty-Hourly - Channel breakout

















Channel breakout again. Hourly MACD crossover & positive divergence.
Looks like downside over for the time, and counter wave started. Ist target 7550-7600 range.

January 15, 2016

Nifty - View

Nifty has not been able to cross the Pivot Highs even in a 30minute chart. The trend is down till it crosses and stays above 7620. Below is a Nifty future chart. Premium is Nil.

January 4, 2016

Nifty Channel breaks 7890 level

















Looks like upward journey completed for the time being.
Let's see how far it retraces now ....?