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Subhankar

S&P 500, FTSE 100 charts: bulls are back on top

Posted by on November 24, 2014 19:56 pm · 1 views

in Stock Trading

The daily bar chart pattern of S&P 500 touched new intra-day (2071) and closing (2063) highs on Fri. Nov 21 ‘14, supported by a surge in volumes. The index crossed above the upper resistance line of the ‘broadening top’ pattern with a ‘gap’. So, has the ‘broadening top’ pattern been negated? Visually, yes; but technically, […]


Sensex, Nifty charts: inch up to touch new highs

Posted by on November 23, 2014 12:35 pm · 37 views

in Stock Trading

DIIs were net sellers of equity worth Rs 730 Crores during the week. FIIs were net buyers of equity worth only Rs 270 Crores. So, why did Sensex and Nifty touch new highs on Friday? Because both FIIs and DIIs were net buyers on the last day of the week. Since the market is being […]


Technical updates – Canara Bank and Dhanalakshmi Bank

Posted by on November 22, 2014 16:16 pm · 45 views

in Stock Trading

Narendra Modi’s charisma and promise of ‘acche din’ struck a chord with young voters that led to a landslide victory for the BJP in the general elections. That was 6 months ago. A country paralysed by scams and corruption can not change overnight. Modi’s victory has improved market sentiments. The stock market is touching new […]


Technical Analysis Strategies for Beginners

Posted by on November 20, 2014 13:35 pm · 41 views

in Stock Trading

The Indian stock market has been rising to new highs on a regular basis. Sentiments turned bullish ever since BJP won the general elections. A further boost to market sentiments occurred when BJP recently won the Haryana state elections and emerged as the largest party in Maharashtra. If you are thinking about jumping into the […]


Nifty chart: a mid-week update (Nov 19 ‘14)

Posted by on November 19, 2014 20:47 pm · 39 views

in Stock Trading

DIIs have been relentless sellers of equity this month. FII buying has ensured that Nifty’s sideways consolidation continues with an upward bias. Today’s slight correction followed the formation of a small ‘double top’ pattern (at a new lifetime high of 8455). The government is trying to push through share divestments in Coal India and ONGC […]


Gold and Silver charts: an update

Posted by on November 18, 2014 20:10 pm · 22 views

in Stock Trading

In the previous post on the daily bar chart pattern of gold, the long-term support level of 1180 had been breached on high volume support. Oversold technical indicators had raised the possibility of a rally – which bears were expected to sell into. On Nov 7 ‘14, gold’s price dropped to a new low of 1130 but […]


S&P 500, FTSE 100 charts: bulls rule, but concerns remain

Posted by on November 17, 2014 20:52 pm · 28 views

in Stock Trading

The daily bar chart pattern of S&P 500 touched a new intra-day high of 2046 on Nov 13 ‘14 that tested the upper resistance line of the ‘broadening top’ pattern before retreating a bit to close at a new high just below the 2040 level. The index gained just 8 points during a week of […]


Sensex, Nifty charts: consolidating before the next up move

Posted by on November 16, 2014 12:18 pm · 60 views

in Stock Trading

In a full week of trading, FIIs were net buyers of equity while DIIs were net sellers. FIIs have so far bought equity worth Rs 7600 Crores in Nov ‘14. DIIs have sold worth Rs 5200 Crores. That may explain why both Sensex and Nifty have traded within narrow bands, but with upward biases – […]


Technical updates – Tata Chemicals and Tata Steel

Posted by on November 15, 2014 12:58 pm · 77 views

in Stock Trading

Many companies in the Tata group have been undergoing restructuring and consolidation after the change of guard. Cyrus Mistry has focussed on cutting flab and exploiting synergies within group companies. Results are beginning to show. Return of bullish sentiment in the stock market following BJP’s majority in the general election has helped. Inflation has been […]


Nifty chart: a mid-week update (Nov 12 ‘14)

Posted by on November 12, 2014 21:32 pm · 76 views

in Stock Trading

Nifty touched a new high of 8415 intra-day, but closed below 8400. The bullish sentiment in the stock market does not quite match the reality on the ground. Commercial vehicle sales have started picking up, but capital goods sales – particularly heavy earth moving equipment sales that indicate a growth of the construction industry – […]


WTI and Brent Crude Oil charts: bears continue to rule

Posted by on November 11, 2014 13:39 pm · 33 views

in Stock Trading

In the previous post on the daily bar chart pattern of WTI Crude oil, bearish technical indicators were suggesting further downside. A test of the Jun ‘12 low of 77.50 had seemed likely. Oil’s price consolidated sideways – touching lower tops, but receiving good support from the 80 level. However, on the first two trading days in […]


S&P 500, FTSE 100 charts: bear attacks repulsed?

Posted by on November 10, 2014 19:46 pm · 42 views

in Stock Trading

The following comments appeared in last week’s analysis of the daily bar chart pattern of S&P 500: “More worrisome is the large ‘broadening top’ reversal pattern that appears to be forming since the index touched its Jul 24 top of 1991.” The index touched new intra-day (2034) and closing (2032) highs, and gained 14 odd points for the […]


During the three days of trading on another holiday-shortened week, both Sensex and Nifty managed to touch new highs, but consolidated sideways within narrow ranges and closed with negligible gains. FIIs were net buyers of equity on all three days, while DIIs were net sellers. Both indices are trading above their daily and weekly EMAs […]


“In the short run the stock market behaves like a voting machine, but in the long term it acts like a weighing machine.” – Benjamin Graham Value investing guru Graham’s oft-quoted statement is best validated by an example. With Q2 (Sep ‘14) results hitting the market thick and fast, results from two companies – and […]


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