BOI, Jet Airways, Jindal Steel & Power, Motherson Sumi, NALCO, REC.
February 2018 Nifty Close 10451 (-0.89%) What Market is Doing? Nifty Weekly Return: -0.34% This week has narrow range candle inside last week’s candle. Nifty is in intermediate down trend. Its trending market. The intermediate downtrend is developing gradually and the crossovers in moving averages are visible now. Nifty is forming intermediate top at 10600. …Details
9 February 2018 Nifty Close 10,454.95 (-1.15%) What Market is Doing? Nifty Weekly Return: -2.84% There is follow through selling to last week’s Bearish engulfing candle. Nifty is in intermediate down trend. Volatility is high. So Far 10EMA<20EMA 20EMA>30EMA , 30EMA>50EMA. Nifty is forming intermediate low at 10300. Nifty is trading inside the multiyear channel &…Details
Apollo Tyres, Bharat Forge, Castrol, Polaris.
Nifty is trading near the trendline support. Watch the green trendline in the chart. Even in the global panic Nifty did not break this line. Also it has acted as important support on Gujrath election result day. So its important support for market. Watch 10200-10300.
AdaniEnt., AshokLayland, BombayDying, Polaris.
Nifty is in short term downtrend. It can turn up if it holds 10600 on Tuesday. Nifty Range: 10600-10750. Nifty is trading on the 50 EMA. With gap down opening Nifty is trading inside the Andrew’s Pitchfork now. So far it is holding the multiyear channel. It is possible for the volatility to drop in…Details