Our recent stance of the Nifty sliding to 5,650-5,700 has played out. The index last week fell 30-points shy of the target of 5,650. The sharp bounce back on Friday…Continue Reading
In the latest issue of ATMASPHERE, a monthly publication by ATMA India – a professional body for Technical Analysts in India, I had written an article on action/reactions and sloped…Continue Reading
The Nifty moved in line with the last week’s expectations. The failure at 5,970 on Friday confirms that the trend is down. Kindly direct your attention to the 15-minute chart…Continue Reading
The positive view featured last week played out as anticipated and the Nifty rallied to the 6,090-6,110 range mentioned last week. The failure at the earlier swing high of 6,110…Continue Reading
We launched FundsIndia Smart Solutions about a week back, and the response has been overwhelmingly positive! People love the idea and think it’s a great service. If you have not…Continue Reading
Last week, we had highlighted that the outlook for the Nifty is bullish and it would take a fall below 5,970 to violate the bullish sequence of higher highs and…Continue Reading
Last week, we discussed the concept of divergence between the RSI and price action and discussed a few practical problems associated with it from a trading perspective. This week, we…Continue Reading
In the last week’s post, we mentioned that the underlying trend in the Nifty was bullish and buying on dips would be a safer strategy. While we were right about…Continue Reading
Last week, we discussed the concept of divergence in the RSI. This is one of the most popularly used concept associated with the RSI. It may be recalled from last…Continue Reading
Defying gravity, the Nifty continues its march up. We turned bullish right near the recent swing low at 5,477 and expected a rally to 5,800, followed by 5,970. The surge…Continue Reading