Nifty Weekly Notes: 15Aug2015

The Nifty witnessed significant volatility last week. After decline in first four sessions, it recovered sharply above 8500 levels. Inability to pass GST in the Parliament and devaluation of Chinese currency were the major reasons behind Nifty slipping towards 8350 levels. However, Friday’s session saw Nifty recovery of more than 150 points, which helped Nifty […]

Nifty Weekly Chart Analysis: 08Aug2015

After a major rally in 2014, Nifty has been correcting for most of the time in the year 2015. Many indicators have been indicating sell signals. However, we must remember that Nifty is strong as long as it stays above its 200 Day Simple Moving Average (SMA), which is currently at 8440. Even from the […]

April Strategy: Exit Nifty Below 8670

After the painful fall in March, Nifty has recovered 500 points from lower levels of 8300 to almost 8800. Some investors will try take profits if they are unsure about corporate results, and some traders will try to short if earnings of frontline companies are weak. Reliance, SBI, ICICI Bank, HDFC and TCS should give […]