Stock Knowledge Trading Calls
- Thread starter STOCK.KNOWLEDGE
- Start date
Re: Equity Market View and Glance ahead!!
@TIMEPASS, i know that it is a BEARISH CONTINUATION PATTERN. The falling three methods candlestick behaves in theory as it does in real life. It is a bearish continuation 71% of the time and a reversal the remainder of the time.
Beside this, i have stated that "it might" happen, which means a possibility.
@TIMEPASS, i know that it is a BEARISH CONTINUATION PATTERN. The falling three methods candlestick behaves in theory as it does in real life. It is a bearish continuation 71% of the time and a reversal the remainder of the time.
Beside this, i have stated that "it might" happen, which means a possibility.
Equity Market as on May 15, 2013 and Glance ahead!!
Market as on May 15, 2013
Nifty opened positive on the back of positive global cues with 23 odd points. After opening, Nifty strengthened due to BANKING & REALITY SECTOR, which supported Nifty to break its all intraday Resistances of 6040, 6090 & 6120 levels. Throughout the day, Nifty showed a good strength & managed to close 151.35 points up, which is its 122 weeks high. All the sectors end up in green today. Reality, Banking & Auto sectors were the major gainers for todays trading session.
View for May 16, 2013
Nifty has breached all the short term Resistance levels on daily chart. Now, Nifty is in uptrend & next major resistance level for Nifty is at 6250 & 6335 levels. But, for intraday, 6165 & 6205 will act as important Resistance levels, for tomorrows session. On the down side, 6103 is a support level, if it goes below this level then correction might be seen till 6030 levels. If Nifty fails to sustain above 6165 levels then a range bound session is a next possibility for tomorrows session.
Market as on May 15, 2013
Nifty opened positive on the back of positive global cues with 23 odd points. After opening, Nifty strengthened due to BANKING & REALITY SECTOR, which supported Nifty to break its all intraday Resistances of 6040, 6090 & 6120 levels. Throughout the day, Nifty showed a good strength & managed to close 151.35 points up, which is its 122 weeks high. All the sectors end up in green today. Reality, Banking & Auto sectors were the major gainers for todays trading session.
View for May 16, 2013
Nifty has breached all the short term Resistance levels on daily chart. Now, Nifty is in uptrend & next major resistance level for Nifty is at 6250 & 6335 levels. But, for intraday, 6165 & 6205 will act as important Resistance levels, for tomorrows session. On the down side, 6103 is a support level, if it goes below this level then correction might be seen till 6030 levels. If Nifty fails to sustain above 6165 levels then a range bound session is a next possibility for tomorrows session.
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