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Nifty Outlook for 27 June 2011 The Nifty ended the week 105 points, or 1.95%, higher at 5,471.25. During the week, the nifty tested 5,195 but managed to bounce back indicating support here. Trading patterns during the week seem to suggest that bulls are not ready to succumb easily to bears. On the daily charts, [...]
Nifty Outlook for 20 June 2011 For the second consecutive week, the Nifty ended in red with 119 points, or 2.18%, lower at 5,366.40. On the weekly charts, the Nifty has been consolidating in a channel and ending in indecision for the past few trading sessions. During the week, it ended below the channel indicating [...]
Nifty Outlook for 13 June 2011 The Nifty ended the week 31 points, or 0.56%, lower at 5,485.80. After closing in a dragon fly doji formation on May 27, 2011, it ended in a small body candle formation on the weekly charts indicating indecision among traders. Although the Nifty ended lower, it is still trading [...]
Nifty Outlook for 06 June 2011 The Nifty ended its five-week losing streak and ended the week 41 points, or 0.74%, higher at 5,516.75. Twice during the week, the Nifty tested its 200-day EMA but failed to close above this level indicating resistance here. After closing in a dragon fly doji formation previous week (May [...]
Nifty Outlook for 30 May 2011 The Nifty continued its losing streak for the fifth consecutive week to end the week 10 points, or 0.19%, lower at 5,476.10. During the week, the Nifty tested the lower end of the channel but managed to close above this level, indicating support here. On the weekly charts, the [...]
Nifty Outlook for 23 May 2011 The Nifty continued its losing streak for the fourth consecutive week and ended the week 58 points, or 1.05%, lower at 5,486.40. During the week, the Nifty tested its lower end of the channel but managed to close above this level indicating support here. After ending in indecision, the [...]
Nifty Outlook for 16 May 2011 Although the Nifty continued its losing streak for the third consecutive week, it ended the week with a marginal loss at 5,544.75. During the week, the Nifty traded in a narrow range indicating indecisiveness among traders. On the weekly charts, the Nifty ended in a spinning top formation after [...]
Nifty Outlook for 9 May 2011 The Nifty continued its losing streak for the second consecutive week and ended the week with a loss of 198 points, or 3.44%, at 5,551.50. During the week, the Nifty ended below its 200-day EMA (5,628) indicating negative bias among traders. It has also ended below its upward sloping [...]
Nifty Outlook for 02 May 2011 The Nifty continued its losing streak for the second consecutive session to end the week with a loss of 135 points, or 2.30%, at 5,749.50. In Friday’s session, the Nifty tested its 200-day SMA (5,747.50) but just managed to close above this level, indicating support here. During the week, [...]
Nifty Outlook for 25 April 2011 The Nifty ended its two-week losing streak to end the week with a gain of 60 points, or 1.03%, at 5,884.70. During the week, the Nifty tested its 200-day SMA (5,735) but managed to close above this level, indicating support here. On the daily charts, the Nifty tested its [...]
