Psychology of Market

NIFTY CALLS PERFORMANCE IN MAY TILL DATE

TOTAL NIFTY CALLS GIVEN IN MAY TILL DATE 21/05/2010 = 28
STOP LOSS HIT = 4
PROFITABLE CALLS = 19
RECOVERED AT PAR = 3
OPEN CALLS = 2
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Nifty Analysis for coming week 26-30/05/2010

Nifty Analysis for coming week 26-30/05/2010 has been updated.
WEEK GONE BY
Nifty cracked sharply on Monday and tested 50 EMA. Rest of the week saw Nifty posting gains which helped to regain lost ground and close the week on positive note. Weekly high was 5331.80, weekly low was 5160.90
WEEK AHEAD
Nifty strong above 5330 areas, weakness only below 5220. Nifty weekly supports 5260-5220-5160, weekly resistances 5380-5440-5500.
Chart of Nifty

HINDUSTAN UNILEVER - Soups to Soaps

HINDUSTAN UNILEVER - soups to soaps
Interesting to look at Hindustan Unilever long term charts.
LINE CHART [WHITE] = 5 years support trendline has been breached [dotted white].
CANDLE CHART - 6 years support trendline [BLUE] may lend support around 215 zones. March candle does indicate a possibility of short term reversal. Noting the tendency of HUL to bounce sharply from this trendline indicated by the long lower shadows on the monthly candles, covering shorts and adding some contra longs (CMP 221.35-215) looks prudent for targets of 240-250+. Stops for longs could be 209.95 on weekly closing basis. Can short below 209.95 if breached on weekly basis for 190-185-165 zones with stops above 218.10 on weekly closing basis.

Guess Nifty Level in immediate short term.

INDIAN STOCK MARKET - NIFTY = What is Next ? Nifty 5090- or 5311+ Have your say here

Nifty Analysis for coming week 22-26/03/2010

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Nifty Analysis for coming week 15-19/03/2010

WEEK GONE BY
Nifty had a big weekly pause! Consolidated in a narrow spread of 66.05 points. Weekly low was 5092.05, weekly high was 5158.10
WEEK AHEAD
Nifty strong above 5180, cautiously +ve above 5090, weakish below 5050. Expect strong momentum above 5180 / below 5050 zones. Nifty weekly supports 5050-4930-4860, weekly resistances 5180-5240-5290.

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Elliott Wave Count for Nifty

There is strong possibility of Nifty crossing 5310.85 in short to medium term. Check out Elliott Wave Count
TradersPlace Nifty Analysis updated every week.