DOWJONES CLOSING BELOW 50 SMA NEGATIVE FOR BULLS.MAIN SUPPORT @ 12710.MAIN RESISTANCE @ 12986.CLOSE AND SUSTAIN ABOVE 12990 NEED BULLS FOR NEXT UPTREND..BELOW 12710 WE CAN SEE SHARP FALL TILL 12632 - 12530
Saturday, April 14, 2012
DOW JONES ANALYSIS
DOWJONES CLOSING BELOW 50 SMA NEGATIVE FOR BULLS.MAIN SUPPORT @ 12710.MAIN RESISTANCE @ 12986.CLOSE AND SUSTAIN ABOVE 12990 NEED BULLS FOR NEXT UPTREND..BELOW 12710 WE CAN SEE SHARP FALL TILL 12632 - 12530
ASCENDING TRIANGLE IN HDFC BANK
ASCENDING TRAINAGLE IN HDFC BANK.MAIN RESISTANCE @ 540.WATCHOUT FOR BREAKOUT...OR BRAEKDOWN??
RISING WEDGE IN BATA INDIA
RISING WEDGE IN BATA INDIA.WATCH OUT BREAKOUT OR BREAK DOWN IN BATA INDIA.... BREAKDOWN...??????
AXIS BANK ANALYSIS
AXIS BANK DAILY CHART.CLOSE BELOW 20 AND 50 SMA NEGATIVE FOR BULLS .CLOSE ABOVE 1170 FOR BULLS FOR ANOTHER UPTREND.MAIN RESISTANCE @ 1243.
SBI ANALYSIS
SBI HAVE TO BREAKOUT & CLOSE ABOVE TRENDLINE RESISTANCE.NEXT MAIN RESISTANCE @ 2374..YESTERDAY CLOSE ABOVE 20& 50 SMA GOOD FOR BULLS.MAIN SUPPORT @ 2175.
ICICI BANK ANALYSIS
CLOSE BELOW 200 SMA SHOWING LOSING ITS BULLS POWER.BEARS MAY TRY TO EXTENT ITS FALL.MAIN SUPPORT @ 850 & 843.CLOSE BELOW 843 WE CAN SEE 815 IN FEW DAYS....BULLS HAVE TO CLOSE ABOVE 880 (200 SMA) FOR FURTHER UPTREND.
Friday, April 13, 2012
POWER OF CHART
Today nifty future hits 5330 (my second target) , and vertically crashed to..... hits low 5195.... ..
What else you want in ur life...................???
Refresh your memory and open your eyes .... and check out ..........
Thursday, April 12, 2012
NIFTY FUTURE STRATEGY FOR 13/04/12
TRADE ABOVE 5291 ,THEN TARGET MAY BE......
TARGET 1 - 5308
TARGET 2 - 5329
TARGET 3 - 5347
TARGET 4 - 5358
TARGET 5 - 5375
TRADE BELOW 5291 , THEN TARGET MAY BE .....
TARGET 1 - 5280
TARGET 2 - 5260
TARGET 3 - 5247
TARGET 4 - 5231
TARGET 5 - 5221
NO MAGIC .... NO MIRACLE...
Check out what happened in ACC LTD on April 11.......
On April 11 made low 1221...
I mentioned on 11/04/12, Main support of nifty future @5201, Nifty future hit 5203 ,& " u turn " from there... and hit first resistance @ 5278 and made days high 5292... (my second resistance @ 5295)
On April 11, i wrote that, my ultimate target is 366. Yes, yesterday hits 366 & made low 356.... Check Out ..... NO MAGIC... NO MIRACLE .. ONLY POWER OF CHART.....What is the next target......?
Target is 564 & 553.... yesterday hits 544 made day's low.....
My Ultimate target 535.... check out.........
Wednesday, April 11, 2012
NIFTY FUTURE STRATEGY ON 12/04/12
ABOVE 5251 , MAIN RESISTANCE @
5280 - 5292 - 5302 - 5312 - 5329 - 5358
BELOW 5245... MAIN SUPPORT @
5231 - - 5226 - 5201 - 2179
FREE NIFTY FUTURES REAL CHART IN MT
FREE NIFTY FUTURES REAL CHART IN META TRADER PLATFORM.
2)When launching the program for the first time, you will see a window with the registration form; after you have filled it in, you will automatically get a demo account.
3)Now Right Click on the Market Watch
4)Select SYMBOLS
5)To get Nifty Futures goto Indexes and select NSE_Nifty among the list
6)Click on the Tab SHOW
7)Now the Corresponding Ticker will be available in the Market Watch
8)To get the chart just right click on the Ticker and Select Chart Window
10)Now Charts are live and you can change the Peridicity of the chart and change it for the required time frame(1 Min, 5Min, 15Min,Hourly,Daily,Weekly,Monthly
NIFTY FUTURE STRATEGY FOR 11/04/12
Nifty Support @ 5201 -5179 - 5165
Main Resistance @ 5278 - 5295 - 5302
ICICI BANK ANALYSIS
Trade below 882
We can see panic ,Traget May be 847 - 843 .......
Close below 843 ... We can see
415
RELIANCE INFRA TARGET
Main Resistance @ 588 - 597
Main Support @ 564 - 553
Ultimate Target ........... 535
Tuesday, April 10, 2012
All About Doji Pattern
DOJI
Explanation
When the body of a candle line is so small that the open and closing prices are equal, they are called Doji.
A reversal pattern in an uptrend or a downtrend.
No or very small real body.
The open and the close are the same or nearly the same.
The length of the shadows can vary .
The Doji is a powerful Candlestick formation, signifying indecision between bulls and bears. A Doji is quite often found at the bottom and top of trends and thus is considered as a sign of possible reversal of price direction, but the Doji can be viewed as a continuation pattern as well.
Doji are powerful reversal patterns in downtrends and uptrends, and are very easy to spot due to the lack of real body.
A Doji occurs when the open and close for that day are the same, or certainly very close to being the same.
It is an important alert at both the top and bottom of trends.
A Doji could be formed by prices moving lower first and then higher second, nevertheless, either way, the market closes back where the day started.
Doji is a particular signal showing indecision about the direction of the market and it represents a tug of war between buyers and sellers.
It shows that neither the bulls nor the bears were able to gain control during the day and it is possible that a turning point can develop soon.
The Doji normally signal that the market is uncertain about the continued momentum of a trend.
LONG LEGGED DOJI
Explanation
Long-legged doji is a candle with long upper and lower shadows and
the real body of the Long Legged Doji is either a horizontal line or it is
significantly small.
Both of the upper and lower shadows are long and they are almost equal
in length.
The Long-Legged Doji has long upper and lower shadows in the
middle of the day's trading range, clearly reflecting the indecision of buyers
and sellers and that the market is
approaching transition period.
This pattern is formed when prices trade well above and below the day's
opening price, but then close almost at the same level as the opening price.
Bullish Long Legged Doji has very long shadows on both the
ends. The patterns shows indecision of buyers and sellers. It is a bullish
reversal pattern. In this pattern, market is in a bearish mood and is in
downtrend.
Bearish Long Legged Doji has very long shadows on both the
ends. The pattern shows indecision of buyers and sellers. It is a bearish
reversal pattern.
Long Legged Doji is a single candlestick pattern. Hence, a confirmation
is definitely required in the form of an opposite move to the prior trade on
the next trading .
DRAGONFLY DOJI
Explanation
The Dragonfly Doji is a significant bullish reversal
candlestick pattern that mainly occurs at the bottom of downtrends.
No or very small real body.
The open and close are at or very close to the top of the
candle,leaving no upper shadow.
A long lower shadow.
The Dragonfly Doji is a significant bullish reversal
candlestick pattern that mainly occurs at the bottom of downtrends.
The Dragonfly Doji is created when the open, high, and close
are the same or about the same price.
The most important part of the Dragonfly Doji is the long
lower shadow.
However, a confirmation of the trend reversal implied by this
pattern by either a white candlestick, a large gap up or a higher close on the
next trading day is still suggested confirmation.
GRAVESTONE DOJI
Explanation
Market is characterized by uptrend.
No or a very small real body.
The open and close are at or very close to the bottom of the candle, no
lower shadow.
Upper shadow of the doji is usually long.
The Gravestone Doji is a significant bearish reversal
candlestick pattern that mainly occurs at the top of uptrends.
If the upper shadow is quite long, it means that the Gravestone
Doji is much more bearish.
The market opens on the low of the day. Then prices start to rally to
new high.
The rally cannot be sustained during the day and prices plummet to the day’s lows meaning trouble for longs.
The rally cannot be sustained during the day and prices plummet to the day’s lows meaning trouble for longs.
A confirmation is required on the following day to be more certain about
the bearish implications of the Bearish Gravestone Doji Pattern. Confirmation
may be in the form of the next day opening below the Gravestone Doji.
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