#2 Global Update: Whats NOW on DOW ??

Yesterday DOW took strong support and close above 14833 which i mentioned as a strong technical level. Indicators are still dicey but trendline support has been taken by the Index. Short term moving averages are near by and we expect DOW to be range bound. Few near by resistances are at 15047,15127 and 15227. DOW has to take strong CLOSING support above 14853. I would recommend to watch for the breakout of the range 14853-15227 before taking any new position in DOW. So WAIT and WATCH!!!!

Disclaimer: I may have personal position in index and above mentioned stocks. Views and News mentioned above may have Errors and omissions. My views are biased more towards technical analysis. Please read and study the market carefully before investing on my idea. For any suggestion contact me on my email. Some words mentioned in article don’t mean their actual meaning. They are correlated for market. 

#163 Nifty Update: "Grand Masti" already released on NSE/BSE

Grand Masti (a Bollywood Movie) is about to release next week but it has been already released on NSE an d BSE..Hahahaha.. Just kidding..But the volatility in last 8 session has been such that "Ki woh Traders ki Masti Kar Rahe Hai". 75-150 points volatility on Nifty has been common in these mentioned session. But if we analyze it closely technically it has given a sign of reversal for at least short term. 5448-5450 was the importance resistance for today and Nifty has given the strong close exactly at that point. IF Nifty CLOSES positively tomorrow than we can have next resistances near to 5606 and 5769 this expiry. Lets see what can a new RBI governor help to traders with Rupee depreciation. Our strategy For tomorrow and next few sessions would be going LONG with a CLOSING STOP LOSS of 5310

Disclaimer: I may have personal position in index and above mentioned stocks. Views and News mentioned above may have Errors and omissions. My views are biased more towards technical analysis. Please read and study the market carefully before investing on my idea. For any suggestion contact me on my email. Some words mentioned in article don’t mean their actual meaning. They are correlated for market.