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Nifty chart: a mid-week update (Sep 17 ‘14)

Posted by on September 17, 2014 19:31 pm · 22 views

in Stock Trading

WPI inflation in Aug ‘14 dropped for the third straight month to a 5 yr low of 3.74% – significantly lower than 5.19% in Jul ‘14 – thanks to lower oil price and higher base effect. The RBI Governor however ruled out an interest rate cut because CPI inflation still remains high. Exports grew only […]

In a post 4 weeks ago, the bar chart pattern of gold had touched a lower top of 1325 in bull territory. But bears used the opportunity to sell, and gold’s price had slipped down below all three EMAs. Some consolidation was expected before the down move was expected to resume. What occurred instead was a […]

S&P 500, FTSE 100 charts: correcting after touching new highs

Posted by on September 15, 2014 19:32 pm · 23 views

in Stock Trading

In a post 3 weeks ago, the 6 months daily bar chart pattern of S&P 500 had touched new lifetime intra-day (1995) and closing (1992) highs, but several bearish technical signals had led to the following concluding remark: “Booking part profits may be a good idea.” The index continued to rally, and rose to touch a new […]

There was good news and bad news on the economic front last week. First, the good. Consumer Price inflation during August eased slightly to 7.8% – but still remains high enough to preclude any interest rate cut by RBI. Now, the bad. The IIP number during July was a paltry 0.5% – much lower than […]

Technical updates – Bharti Airtel and OnMobile Global

Posted by on September 13, 2014 13:27 pm · 39 views

in Stock Trading

A bearish opinion about the telecom sector was posted almost 5 years ago, giving clear reasons why investors would benefit by switching out of telecom stocks. Though a few readers agreed with my opinion, there was a mini storm of protest in a couple of online investor groups. A look at the 2 year charts of […]

Nifty chart: a mid-week update (Sep 10 ‘14)

Posted by on September 10, 2014 22:28 pm · 48 views

in Stock Trading

In a post 4 months back – even before the general election results were announced – the 47 points ‘gap’ formed on the Nifty chart on May 13 ‘14 was identified and analysed as a ‘measuring gap’ that gave a Nifty target of 8155. By closing at a new lifetime high of 8173.90 on Mon. Sep 8 […]

Sensex, Nifty charts: soaring higher in blue sky territory

Posted by on September 7, 2014 0:21 am · 63 views

in Stock Trading

FIIs continued their buying spree, putting in a net Rs 4500 Crores in equities during the week. DIIs were net sellers of Rs 2100 Crores. Both Sensex and Nifty touched new lifetime highs, crossing psychological levels of 27000 and 8000 respectively. PM had a successful tour of Japan, receiving pledges for huge investments. The nuclear […]

Nifty chart: a mid-week update (Sep 03 ‘14)

Posted by on September 3, 2014 21:10 pm · 57 views

in Stock Trading

The surprisingly high GDP number – though on a higher base – seems to have added fuel to the already raging fire started by bulls. New lifetime highs on the Nifty chart are being touched and surpassed on a daily basis. When an index is in blue-sky territory with no known resistances, there is a […]

Sensex, Nifty charts: soaring higher

Posted by on August 31, 2014 11:08 am · 72 views

in Stock Trading

For the first time since Feb ‘14, both FIIs and DIIs were net buyers of equity during the month. Feb ‘14 had a cumulative net buying of about Rs 2100 Crores by FIIs and DIIs. Cumulative net buying in Aug ‘14 exceeded Rs 5000 Crores.No wonder both Sensex and Nifty touched new lifetime highs at […]

Almost every one had expected the Modi-led NDA to do well in the general elections held during Apr-May ‘14. But the thumping majority of NDA’s victory came as a complete surprise. Expectations from Modi’s government went sky-high. The stock market celebrated by regularly touching new highs. Of late, there have been some murmurs of disappointment […]

WTI and Brent Crude Oil charts: an update

Posted by on August 26, 2014 13:49 pm · 29 views

in Stock Trading

The 6 months daily bar chart pattern of WTI Crude oil tried to stabilise around the 97-98 level, where it had previously received support in Mar ‘14. But bear selling put paid to bullish hopes. Oil’s price plummeted to the 93 level. The 50 day EMA crossed below the 200 day EMA, technically confirming a […]

The 6 months daily bar chart pattern of S&P 500 shook off the bears by soaring past the 1960 level, and rose to touch new intra-day (1995) and closing (1992) highs on Thu Aug 21, before correcting a bit by the end of the week. By moving above its previous top of 1991 – touched […]

We are living in an age of instant gratification. No one has the time or patience to brew a nice cup of filter coffee. Too much hassle. Just go to the nearest coffee bar and pay through your nose; or, boil a cup of water and stir some instant coffee in it. Want to buy […]

Sensex, Nifty charts: touch new lifetime highs – again

Posted by on August 23, 2014 19:15 pm · 82 views

in Stock Trading

Why has the stock market behaved the way it has during August? One need not look further than FII and DII trading activities to find the answer. In the first 7 trading sessions (till Aug 11), FIIs were net sellers and DIIs were net buyers of equity. During the next 8 trading sessions (till Aug […]

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