Wednesday, January 22, 2014

Nifty breaks out tentatively & rewards the "Now" traders..


14 comments:

sony victor said...

Two patterns which i am eyeing on.

http://imagizer.imageshack.us/v2/800x600q90/855/78ua.png

Anonymous said...

i think still false break out.

RS said...
This comment has been removed by the author.
RS said...

Not a convincing action...there was a gap in nifty futures at 6365.10 which has been filled exactly (High being 6366) and Nifty didn't break 6358. Also, Nifty Future broke today's range (at 6338) around 2:40 pm I guess but the followup action didn't look convincing.....Psychologically, people might have gone long around 6330 NS anticipating a breakout. Dunno why. looks like a clear bull trap. Monthly Stochs and Half Hourly Stochs aren't convincing for an upmove. Lets see what is in store. CNXIT exhausted, Bank Nifty pretty weak. How much can Nifty go up (if it can)

rajiv malik said...

menaka doshi ‏@menakadoshi
Uday Kotak to @CNBCTV18News - "when things are so calm in davos that means a storm maybe coming!"

Varadarajulu Venkatesan said...

Dear Master

Please change JNSAR values for NIFTY50 stocks in Stock Wealth. It shows yesterday's values.

Thanks & Regards

Anonymous said...

If some one watched the pre market action of nifty today, please educate.

Ram said...

Big W (or is it +ww) pattern on eod nifty spot charts with possible point 5 being 6415 is broken? is it still valid?

Sudhakar said...

Ilango sir

Could you please correct the Jnsar numbers at Nifty50 table in Stock Wealth for 23-01-2014.

Thanks in advance

Vasantrao Pawar said...

Where can I find the table u mentioned.

rajiv malik said...

http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=30458

Banknotes issued prior to 2005 to be withdrawn: RBI Advisory
The Reserve Bank of India has today advised that after March 31, 2014, it will completely withdraw from circulation all banknotes issued prior to 2005. From April 1, 2014, the public will be required to approach banks for exchanging these notes. Banks will provide exchange facility for these notes until further communication. The Reserve Bank further stated that public can easily identify the notes to be withdrawn as the notes issued before 2005 do not have on them the year of printing on the reverse side. (Please see illustration below)

The Reserve Bank has also clarified that the notes issued before 2005 will continue to be legal tender. This would mean that banks are required to exchange the notes for their customers as well as for non-customers. From July 01, 2014, however, to exchange more than 10 pieces of `500 and `1000 notes, non-customers will have to furnish proof of identity and residence to the bank branch in which she/he wants to exchange the notes.

The Reserve Bank has appealed to the public not to panic. They are requested to actively co-operate in the withdrawal process.

Ajit Prasad
Assistant General Manager

Press Release : 2013-2014/1472

Ilango said...

@ Varadarajulu Venkatesan,

JNSAR values for NIFTY50 stocks in Stock Wealth updated.

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