LIC Housing and Jindal Saw and TATA Steel Technical Analysis

LIC Housing Finance
Stock has moved out of its down ward slopping channel as shown in the Chart, which means LIC Housing is up for a good amount of upside. Stocks are moving and broke the slopping channel with a good amount of volumes.
RSI and MACD are showing good amount of strength, As the Stock was [...]
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Nifty Weekly View

Nifty rallied almost 6% from Tuesday low of 4786 and being an expiry week rallied 4 trading session out of 5.
For the coming week as we can see from the Daily Chart attached we have 2 resistance visible on chart.

1. Middle Bollinger band where we are facing resistance which is placed around 5077
2. Trend line Resistance which is placed at 5110 levels.
3. RSI is showing negative divergence and still forming lower highs and lower low.
4. Market a bit overbought on hourly charts and can correct.

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Trading Bollinger Bands

Bollinger Bands
In Continuation of our series of Learning Technical Indicators here by i present one more Indicator
In our last we have learned about RSI and it can be used for making some profitable trades, today i will explain about Bollinger Bands and how to use this indicator in your trading.

What are Bollinger Bands

Bollinger bands are drawn within and surrounding the price structure of a stock and  provides relative boundaries of highs and lows.

Bollinger Bands consists of 3 Bands:

1. Upper Band– A measure of volatility to the upside.

2. Lower Band–A measure of volatility to the downside.

3. Middle Band– A simple moving average which is normally set at 20 periods.
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Kanji Chart Trading System with AFL code

KAGI CHART
When markets/stocks are in firm trend which may either be bullish or bearish finding the trend reversal for the market/asset becomes a daunting task in immediate short term.
We have many trading set up for finding the same each having its own pros and cons.Today I am presenting one more charting practice which will help [...]
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ICICI Bank,ABAN,Sterlite Industries Technical Analysis

ICICI Bank
After breaking the crucial 200 SMA support stock was pounded by bears and than came the BOR news which gave more reasons for bears to pound the stock.Now we are having a good support at 200 EMA .Stock held support of 810 for 2 days and looks like there is strength is emerging in [...]
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Trading with MACD

(MACD) was originally constructed by Gerald Appel an analyst in New York. Originally designed for analysis of stock trends, it is now widely used in many markets.
MACD is constructed by making an average of the difference between two moving averages. The difference of the original two moving averages and the moving average of the difference can be plotted as two lines, one fast and one slow

How is it Use?

MACD measures the difference between two Exponential Moving Averages (EMAs). A positive MACD indicates that the 12-day EMA is trading above the 26-day EMA

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Stanchart -Indian Depository Receipts

Standard Chartered Bank  is issuing Indian Depository Receipts (IDRs) and hopes to raise about Rs.2,250 from the domestic capital market. This news has made waves in Market as it is first time any foreign company/bank is hitting our Indian Stock market to raise money.
I was also awed on hearing the term and searched on [...]
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Short-Term Trading

SESA GOA
Sesa Goa has made broken 100 DMA with huge volumes,Stock shall consolidate or show a small upmove till 100 DMA before starting next round of selling till it reached near 200 DMA as mentioned in charts.
We can trade this stock on both upside and downside but as of now RISK [...]
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Trade with Relative Strength Index (RSI)

What is an Oscillator
An oscillator is a leading technical indicator which fluctuates above and below a center line and normally has upper and lower bands which indicate overbought and oversold conditions in the market (an exception to this would be the MACD which is an Oscillator as well).
What is RSI
The RSI is best described as [...]
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Technical Trading Ideas

ICICI Bank buy above 50 SMA which is at 938 levels for a Target of 952 and 977
Stock can also be added in Pullback near 913
SBI is facing multiple resistance around 2325 levels as indicated in chart


HINDALCO Industries stock is
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Nifty and Stock Auto Update Pivot Points

Hi All ,

I have made few Blogs which gives Auto Update Pivot Points EOD Basis,Hope these will be helpful in your Trading.Please give your Feedback for any other Improvement required.I have further plans to extend the same Blogs to Carmilla Pivot Points.

1. http://pivotpointscalculator.blogspot.com/ -- Calculates Pivot Points for 4 Trading System
2. http://niftystockpivot.blogspot.com/ -- Auto Update Pivots Points for Nifty Stocks
3. http://jniftypivot.blogspot.com/ -- Auto Update Pivot Points for Junior Nifty
4. http://stockpivot.blogspot.com/ -- Auto Update Pivot Points for Mid Cap Stocks
5. http://bankniftypivot.blogspot.com/-- Auto Update Pivot Points for Bank Nifty
6. http://cnxitpivot.blogspot.com/ -- Auto Update IT Stock Pivot Levels
7. http://nsetrin.blogspot.com/ -- NIFTY 10 SMA TRIN

Suggestion and Criticism welcome.

Nifty Weekly Technical View

Nifty charts had formed continuous Hammer Patterns on the chart.
Hammer candlesticks are formed when a security moves significantly lower but bulls retraced back from those lows to reach near the open. By day end buyers were able to push prices back to the upper range creating a short body candle with a long shadow. The [...]
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Nifty's Long Term Support

Nifty Speaking Technically after seeing  yesterday Rout on Wall Street .

Nifty is set to open with a deep cut in morning session which can lead to us around 200 SMA which is at 4930 Levels and than we can see a follow up action till 4960-80 levels.

Twist will come after RIL-RNRL case where if RIL wins can give support to Nifty

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Panic Selling and Buying

The above 2 Charts are Dow and S&P Intra charts on 6 May 2010 where the bad memories of Finnacial Crises were revisited with Dow falling 10% Intra Day basis.
The Reason Europe’s Debt which can hamper the Global Recovery of the Economies World Wide.With the Slush of Liquidity above charts depicts Both Panic Selling and

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Tax Planing — Salaried Employee

This is the cruelest month in some poor soul’s life who bungles on their tax planning every year. Mostly, they get a pay cheque which is a fraction of its usual size in April as they always delay in submitting a list of their tax-saving measures to the office.
First, do a review of your tax liability, to ascertain what and how much. You actually need to save as much tax as legally possible. It may be quite possible that the life insurance premiums that you are paying along with the PF deductions may be enough to take care of tax saving!
An individual can reduce its tax liability in two ways.

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Nifty Weekly Technical

 Nifty Weekly Technical as we can see in daily chart Nifty is stuck between the Range of 5202 on downside and 5342 on Upside.So as of Now it did not Break this range Nifty Traders should use this range to Buy at Lower end of Range and Short at Higher End Of Range.

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Short-Term Trading

ICICI Bank
Attached is the Daily Chart of ICICI Bank as Observed from the chart Stock has taken a multiple support at 913 levels and than staging a rally.Stock has formed a DOJI pattern as on Friday and also facing resistance at its a trenline,Forming a Falling Wedge Kind of Chart,If stock Breaks the trend line on

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Value-Averaging Investing (VIP)

Hi All,
I was planning to Buy some Mutual Funds for My Financial Planning ,But i thought as market is High will it be Right time to invest in Mutual Funds via Systematic Investment Plan (SIP) than i came across an Interesting term and a vital tool which can help us all in our Financial Planning .It is called
Value-Averaging Investing
The concept of VIP was first developed in the early ’90s by Harvard university professor Michael Edelson, and has gained wide credence and acceptance in the investing world.
What Does Value Averaging Mean?
VIP …
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