Tuesday, August 21, 2012

Sensex, Nifty to confirm Bullishness

Sensex is currently moving up logically after testing the trendline support. It needs confirmation of 18524 to truly head upwards. After that, a lot is possible. Nifty is also similarly placed.

Monday, August 13, 2012

Nifty still strongly placed, MACD buy in positive, huge rally possible

Nifty is still in a strong position. A possibility of a great run is open since MACD is in a buy mode in the positive territory. The chart is weakening somewhat on 3 month charts, but it is quite normal on longer term chart, say 1 year and 3 years. One should stay long with a stop loss of 5130.

Monday, August 6, 2012

Index Futures and Factors for today's trading

DJIA INDEX 13,062.00 +7.00

S&P 500 1,391.30 +2.30

NASDAQ 100 2,682.75 +11.75

 At approximately 5:30 AM

  • Mario Monty warns about Euro breakup
  • Mixed opening expected for markets today
  • European stocks gain on Greek debt news