Showing posts with label new series call. Show all posts
Showing posts with label new series call. Show all posts

Thursday, August 28, 2014

HISTORY WILL REPEAT ITSELF ; NIFTY FORTH COMING STRATEGY

The English translation of the Hindi word “Dubara” is “again”. The first thing that comes in a Technical Analyst’s mind when he thinks about the word “Dubara” is a stock market cycle. A cycle is a chain of events that repeats over time. The outcome might not be the same each time but the characteristics are quite similar.
Cycle frequencies can both be short and long, it can last from minutes until thousands of years. Understanding long term cycles in stock market helps you determine the overall market trend and similarly short term cycles helps you determine your timing in the entry and exit points in the stock market. Text Book examples of stock market cycles widely respected and followed are “US Presidential Cycle” and “Dow 18 Year cycle”
We are going through one such Short term cycle which is the “India’s Election Cycle”. As per this cycle, Nifty has the tendency to rally few weeks before major elections results are out and then post results it goes either for time wise consolidation or price wise consolidation for 12/13 weeks.

Thursday, June 26, 2014

NIFTY FUTURE OUTLOOK FOR TOMORROW 27 JUNE,2014

Market was very volatile today, 26 June 2014, as traders rolled over positions in the futures & options segment from the near month June 2014 series to July 2014 series. The June 2014 contracts expired today, 26 June 2014.nifty future opened at 7568 made a high of 7570 and low of 7487 and close at 7492 .total 83 points was moved by nifty future. Oil and gas stocks led decline on the bourses after the government's decision to defer revision in gas prices by three months, at closing time nifty hit there week closing low. The index will have some good movment  for tomorrow due to beginning of July series. The bullishness is still intact since it has not fallen much either. The levels mentioned yesterday, can again be useful barring minor changes. Start of nifty future will be with the level of 7610 would be the key resistance level of the way up and so long as the Nifty does not fall below 7560 through 7545 support area, any dip would be taken as a buying opportunity.