General Trading Chat
- Thread starter timepass
- Start date
- Tags idle thoughts trading talk only
Also, seems like Aadhar is really becoming the internal passport, a far cry from "only for government subsidies" purpose.
Aadhaar To Be Made Mandatory For Filing Returns, PAN Applications
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Aadhaar To Be Made Mandatory For Filing Returns, PAN Applications
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D Mart or Avenue Supermarkets shares which were listed today at heafty premium to its issue price has all the signs of becoming a multbagger in next 8-10 years. At current price of 600 plus it has run ahead of its fundamentals and will correct but on every correction we should accumulate this stock for long term hold.
Smart_trade
Smart_trade
Tech view: Nifty50 forms ‘Hammer’ pattern; bulls not yet ready to give in
The Nifty50 moved in a tight range and recovered almost the entire morning losses to end only marginally lower on Tuesday. In the process, the index formed a ‘Hammer’ pattern on the daily chart, suggesting that the bulls are yet not ready to give up easily, even though the benchmark indices ruled around their all-time high levels.
As is the case normally, in a ‘Hammer’ pattern the real body's height on Tuesday was half the size of the lower wick. (See chart)
The pattern itself does not indicate supremacy of the bulls, but suggests that they are still in the race. The index has now filled the gap area between 9,128 and 9,106 level, which had been formed on March 16. It could now challenge the recent high 9,218 as the next target, analysts said.
Sameet Chavan, Chief Analyst for Technical & Derivatives at Angel Broking, noted that the index managed to close above the psychological mark of 9,100 and the important near-term support of at its five-day EMA, which augurs well for the index going forward.
The Nifty50 opened the day at 9,133. It was soon at the day’s high of 9,147, before selling emerged. At one point, the index tested the 9,100 level and fell to 9,087, but the bulls gained strength thereafter. At close, the Nifty50 stood at 9,121, down 5.35 points, or 0.6 per cent.
“The index should ideally resume its upward trend on Wednesday and challenge the recent top of 9,218 in the next couple of sessions, as our wave counts suggest one more leg on the upside, before ushering in a serious correction,” said Mazhar Mohammad, Chief Strategist for Technical Research & Trading Advisory at Chartviewindia.in.
A ‘Hammer’ candle after the profit booking seen in last two sessions indicates that the bulls are back and any decline is being bought into in the market, said Chandan Taparia, Derivatives & Technical Analyst at Motilal Oswal Securities.
“ The index has to surpass its immediate hurdle in the 9,150-9,160 zone to witness a fresh upward move towards its lifetime high of 9,218 and then 9,250. Downside support is seen at 9,075,” Taparia said.
Mohammad advised traders to create long positions by making use of the current dip for an initial target of 9,218 with a stop below 9,030 on a closing basis.
Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst
The Nifty50 moved in a tight range and recovered almost the entire morning losses to end only marginally lower on Tuesday. In the process, the index formed a ‘Hammer’ pattern on the daily chart, suggesting that the bulls are yet not ready to give up easily, even though the benchmark indices ruled around their all-time high levels.
As is the case normally, in a ‘Hammer’ pattern the real body's height on Tuesday was half the size of the lower wick. (See chart)
The pattern itself does not indicate supremacy of the bulls, but suggests that they are still in the race. The index has now filled the gap area between 9,128 and 9,106 level, which had been formed on March 16. It could now challenge the recent high 9,218 as the next target, analysts said.
Sameet Chavan, Chief Analyst for Technical & Derivatives at Angel Broking, noted that the index managed to close above the psychological mark of 9,100 and the important near-term support of at its five-day EMA, which augurs well for the index going forward.
The Nifty50 opened the day at 9,133. It was soon at the day’s high of 9,147, before selling emerged. At one point, the index tested the 9,100 level and fell to 9,087, but the bulls gained strength thereafter. At close, the Nifty50 stood at 9,121, down 5.35 points, or 0.6 per cent.
“The index should ideally resume its upward trend on Wednesday and challenge the recent top of 9,218 in the next couple of sessions, as our wave counts suggest one more leg on the upside, before ushering in a serious correction,” said Mazhar Mohammad, Chief Strategist for Technical Research & Trading Advisory at Chartviewindia.in.
A ‘Hammer’ candle after the profit booking seen in last two sessions indicates that the bulls are back and any decline is being bought into in the market, said Chandan Taparia, Derivatives & Technical Analyst at Motilal Oswal Securities.
“ The index has to surpass its immediate hurdle in the 9,150-9,160 zone to witness a fresh upward move towards its lifetime high of 9,218 and then 9,250. Downside support is seen at 9,075,” Taparia said.
Mohammad advised traders to create long positions by making use of the current dip for an initial target of 9,218 with a stop below 9,030 on a closing basis.
Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst
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