Archive for the 'ECONOMY' Category

12
Dec
17

Nifty Spot 10343 is important

10343 is strong resistance. If breached Nifty can march northward, otherwise 10037 is good support, if breached can march southward.

Nifty is trading within a range of 10450-10050 for last 2 plus months. Upcoming triggers are:-

  1. Gujarat Election Results
  2. Rate hike (FED.)
  3. Union Budget
  4. Equity Capital Gain Tax
  5. Allocation of Foreign funds for year 2018. (Most Important)
  6. Currency rates (Domestics and of China)
  7. PMI outcome (Manufacturing & Service)
  8. Tax Reforms (USA)
  9. Oil Price

    Crude may trade with bullish bias for next 4-5 months. Trend decider: 49-51 Resistance: 57 – 61 – 65 – 69 Support 46 – 43

    Its more than month and Oil is holding higher levels.  Now be with mentioned levels only.

     

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01
Dec
17

BANK NIFTY Support & Resistance levels for the day.

Support        Resistance

25460             25550

25380             25580

25220             25740

As RSI is not just overbought & oversold, Bollingerband is not only support and resistance. Bollingerband is a system to trade successfully. You may learn one technique but be the master of that study.

News: On one hand, fiscal deficit touched 96% of full year estimated at October end, means slow down in capital expenditure. Remember Government expenditure are driving economy at first point. On the other hand, GDP numbers are showing recovery.

10
Aug
17

Thought of the day and success story

Under the heading “thought of the day” wrote 10048 trend decider for Nifty and support 2 is 9850, few days back. Nifty successfully hit the target today. Please follow system. Need not to tell our brain is programmed to lose.

21
Jun
17

Happy Yoga Day

Congratulations to all countrymen and every human being on our planet EARTH. Today most of the people are suffering from ONE OR MORE diseaseS, mostly are lifestyle diseases. Yoga is best remedy. Healthy body and brain will be able to deliver/generate better output. Means higher GDP and PROSPERITY & PEACE. I appeal to all please join not only on Yoga day only, but practise yoga on daily basis.

As guessed that near June 21, rain God will knock the doors of North. Today is June 21.

As said June 9 top of Nifty will work as resistance strongly. Same is not yet breached, till date.

05
Jun
17

Delhi is very hot – but hopes there might be heavy RAIN from near to June 21.

Comment: rkarora April 20, 2017 at 10:14 am jUNE 21 TO sEPT 12, WE MAY WITNESS GOOD AMOUNT OF RAIN ITS GUESS WORK , MAY , MAY NOT HOLD GOOD. Lets see how things shape up.

Today India is celebrating Happy Pandav (Nirjala) Ekadshi.  Hare Krishan Hare Krishan Krishan Krishan Krishan Hare Hare. Hare Ram Hare Ram Ram Ram Hare Hare. Fasting after every 15 days, is health booster.

24
Oct
16

NIFTY worked well All Gods grace

I m writing with courage only because have no visitor on my web. All dates mentioned on Sept 26 proved right. 4-6 Oct. 15 formed bottom and while approaching Oct 26 new top formed. All Gods grace. Now Oct 27-Nov 01 -Nov 05 are important dates.

 

Disclaimer: All levels are based on mathematical formula only but not suitable for trading. all studies are for academic purpose only.

05
Oct
16

spectrum sale is not picking up

Spectrum sale is not picking up as per expectation. 2.5 lac crores expected may end up much lower. Period of sale may also cut short. Nifty resistance 8840  support at 8765-8717-8680. Indian GDP growth upgraded by IMF




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