Yet another one of those busy days for me. Had guests early on and then had to go out for sometime and I've just come back and it's already a quarter to one in the morning. Simple calculation tells me that if I sit down analysing charts today, I'll probably not be able to sleep till 3 in the morning. So, no analysis today. But just a quick word, the Nifty broke through the 4330 support today and next support is available near 4200. That does not mean that it will stop at 4200. The Nifty may or may not find support there. Alternatively it could find support before 4200. We are looking at a range between 4200 and 4650. Below 4200 look for more downside.
No analysis today but there is a daily analysis that will keep coming on every day of the markets. So, please subscribe to my posts, so that all posts are delivered free to your inbox and you don't miss any useful analysis of the markets in the future.
Happy Investing!!!
No analysis today but there is a daily analysis that will keep coming on every day of the markets. So, please subscribe to my posts, so that all posts are delivered free to your inbox and you don't miss any useful analysis of the markets in the future.
Happy Investing!!!
Its so nice of you as you informed us that you can not do analysis ,
ReplyDeleteWith the time of this comment you can see that at 2 am I am waiting for your analysis because you give us charts and different methods which are really helpful to understand the technicality ....
If you could please write the name of a book for technicals ...
Thanks in advance.....
Vikas, I think Reliance is the main reason for Nifty weakness....I am stuck in a short ICICIBank PA 660 and I'm confused abt this trade..keeping SL at 686
ReplyDeleteYes, Uma, 686 seems to be the most logically stop loss technically too. Don't know how you arrived at that figure. I'm pretty sure you used technical analysis for that.
ReplyDeleteDeepak, there are many books available in the market and there are a lot of technical analysis websites offering free material. I suggest you go to www.incrediblecharts.com and click on A to Z of technical analysis. That should provide you with a lot of help.
ReplyDelete