Puneet Kinra, Best Technical Analyst on CNBC Awaaz TV

Dear All,

Since last 3 Months, I have been watching and listening to a Senior Technical Analyst, Puneet Kinra from Bonanza Portfolio ltd. He explain every chart by all trends from short term, intermediate term and long term in a quick time. Do Any body tell me how is he able to analyze chart trend so scientificly and accurately in quick time. What software he is having. Is he doing chart analysis manually with sharp IQ.

Regards,

Arjun

:rofl::rofl::rofl::rofl::rofl::rofl::rofl:

There is no such thing in technical analysis that is accurate. Only Probabilities.

As per Puneet Kinra on CNBC awaaz Tv interview, when Nifty will break down its 5350 levels decisively then we will enter in a bear market. Otherwise Bull market may remain intact. Can any body guide me how 5350 level is so important that breakdown of this will lead to bear market. What Techncial study is being applied to reach this conclusion.

Wow man,

very innovative approach. thanks for the idea.

That is the range where the index found support in Aug'10. As well as the resistance in April '10.

Thats no rocket science ... 5356 is the low made by markets on 31/08/2010. From that levels markets took support and rallied to 6347 ... if you see the charts carefully Nifty took support from 5350 levels a few time before 31/08/2010 as well .... so its a key support for markets ....

WE are currently below 200 SMA (officially known as bear market zone) so a break below 5350 would confirm the bear zone....

Simple chart reading .. nothing brilliant about it .... these analysts blabber only things which are obvious to the whole world....

Cheers
SH