Nifty has attempted multiple times to break free and run wild but it has not succeeded. After making a new high there is consistent bout of profit booking seen. Over a few days now overall market breadth is not on the positive side. This phenomenon is natural when we are making new tops almost every day. Resistances for Nifty at this juncture are at 25330 and...
Power Grid Corp. of India Ltd. is a holding company, which engages in the power transmission business. It operates through the following segments: Transmission Services, Consultancy Services, and Telecom Services. It is a PSU company with high dividend yield of 3.3% at current market price. Power Grid Corp. of India Ltd. CMP is 337.40 The positive aspects of the...
UltraTech Cement Ltd. is a holding company, which engages in the manufacture and sale of cement and cement related products. Its products include ordinary portland cement, portland blast furnace slag cement, white cement, and ready mix concrete. UltraTech Cement Ltd. CMP is 11301.90. The positive aspects of the company are Company with Low Debt, Company with...
Nifty has closed at highest monthly closing. It is almost at all time high. Now what the future holds for investors? It is the right time to look at All Time Chart of Nifty. This will help us in taking a long term view of Nifty we decided to look at the all time channel of the same since it's inception in 1991. This research has given three indications. The long...
Nifty has given a solid closing above previous ATH and important Fibonacci level showing growing momentum. A new All Time High was made today at 25192.90 for Nifty which closed strongly at 25151.95. Now there is a strong support zone for Nifty between 24998 and 24933. 24933 happens to be 50 EMA (Mother's line) as well as mid channel support. This resistance will...
Nifty not able to close above 25078 after making a high of 25129 is not a good sign. It showed a kind of weakness in the rally which can send Nifty downwards searching for the support. Supports for Nifty currently are near 24960 and 24857. Resistances on the upper side are now between the zone of 25078 and 25129. Once we get a closing above 25129 the door going...
Tata Elxsi Limited, a part of Tata Group was incorporated in March 30th, 1989 as Tata Elxsi (India) Ltd. The Company is a global design and technology services company for product engineering and solution services across industries including Automotive, Broadcast, Communications, Healthcare, and Transportation. The operations are classified into two business...
Texmo Pipes and Products Limited is engaged in manufacturing and trading of PVC, HDPE, SWR, Sprinkler, Drip, CPVC Pipes and Fittings. Texmo Pipes and Products Limited CMP is 78.13. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge and FII / FPI or Institutions increasing their shareholding. The Negative aspects of...
24869 proving to be strong resistance for Nifty. If this range is crossed the next resistance will be near 24949 and previous high of 25078. The major support zone is between 24657 and 24738. Right now Nifty is sandwiched between this zone and major move can be seen only after we get a closing above or below these two levels. The top of the trend seems to be near...
Nifty is currently resting on the mid channel support and is trying to cool down overheated RSI. This consolidation is necessary before it can march further. Earlier in the day RSI had reached over heated zone of 75+. Currently the RSI has cooled down to 67.89. Further consolidation will be good for the market before it's next leap towards 25K+ again. The new...
We will try to look at Nifty with the combination of Fibonacci, Parallel Channel and Trend lines and few other parameters to get the outlook for short to medium term on Nifty. Combination of various parameters mentioned above indicate that Door For Nifty reaching 26K+ within this year might have already opened. Various resistances on the way will be at 24783,...
Gap generated due to gap down opening of 5th August is finally filled today. It is not necessary that all gaps either on the way up or on the way down are filled every time. As there are different type of gaps and different timings of gaps / intervals etc there are many factors which create loop holes in the gap theory. We will discuss that some other time. Gap...
Mother line yet again comes to rescue of Nifty after the zone between 24340 and 24382 stops the growth of Nifty yet again. Once this zone is crossed only then Bulls can breath easily. Trend line resistance has also come into effect with absolutely no room for Nifty to go. So there should be a breakout in Nifty in either direction tomorrow. Shadows of the candles...
Good bounce back by Nifty after Mother Line confirms support. But we are still not out of the woods as there is a resistance zone near high of the today that is 24337 and 24382. (This is the resistance created by the gap down opening on 5th August. The starting and ending point of Such massive gaps always acts as a resistance zone while going up. The best way to...
Nestle India Ltd. engages in the manufacture and sale of food products. The firm offers beverages; breakfast cereals; chocolates and confectionery; dairy; nutrition; foods; vending and food services; imports; exports; and Nestle ad campaigns brands. It operates through the India and Outside India geographical segments. Nestle India CMP is 2508.50. The positive...
Asian Paints Ltd. manufactures and markets paints and coating products. Asian Paints CMP is 3101.75. The positive aspects of the company are Company with Low Debt, Annual Net Profits improving for last 2 years, FII / FPI or Institutions increasing their shareholding AND MFs increased their shareholding last quarter. The Negative aspects of the company are High...
Mother line or 50 days EMA again comes to rescue of Nifty today. There was a huge selling pressure when the Nifty reached day's high that is 24382. Market has closed at 23992 and the 50 days EMA is at 23965. As of now 50 days EMA is respected but the mood seems to be sell on rise so the support is becoming weaker. If 50 days EMA or Mother line is broken on closing...
Mother Line or the 50 days EMA comes to rescue for the Nifty today but can it hold? It looks little difficult due to the global Bear onslaught. In such situations we know from the Father, Mother and the small Child story that mostly Father line of 200 days EMA can provide proper support. However before we reach there and not necessarily we reach there as there are...
