NSE NIFTY update: 23 DEC 2015

This use to be one of the most viewed items of my blog. I have kept this updated for long and can't promise if I will be regular in updating this. Never the less, we have an update today.

Support: 7725, 7540

Resistance: 7935, 8164

Honestly, I don't expect any kind of breakout in coming weeks forget about days.

Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose only. People are themselves responsible for any profit/loss arising on trading on such information.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.

Warning: Stock trading is high risk activity and can lead to loss of up to 100% of invested capital.

Arvind Ltd: Update 23 DEC 2015

Arvind Ltd is able to break the resistance line above Rs 322. This was a problem for long time for the stock.

If the stock is able to sustain the current trend, it can lead to gains of 10-15% in short duration of time.

Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose only. People are themselves responsible for any profit/loss arising on trading on such information.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.

Warning: Stock trading is high risk activity and can lead to loss of up to 100% of invested capital.

NSE update 16-Jan-14

NSE NIFTY Weekly charts suggest we are nearing long term trend line.

Can we break it this time decisively? Will depend heavily on the market reaction on results of TCS (will it lead to profit booking as every time?) and Reliance: results are due today.

Most of the stocks are having very negative charts, other than the IT counters.

Will be interesting to see for how long nifty will keep on testing higher levels with support from just one sector ie IT

Happy investing

Disclaimer: I don't have any open position in NIFTY Futures or Options