Technical Analysis: JP Associates tests trend line support

by Bhaveek Patel

JP Associates on the daily chart is on the perfect uptrend and as the trend is up we only focus on buying it on every declines. Last 2 trading session has been interesting for the stock as we have seen stock is near to the trend line support and also just near the previous resistance which is now a support for stock. We believe fresh long positions can be initiated from the current level of .....

Medium term Investment Stock: Buy Ajanta Pharma for target 486

by Bhaveek Patel

Ajanta pharma (NSE code: AJANTPHARM), is one of the most outperforming stocks in the pharmaceutical sector. On weekly chart we have seen an excellent trading pattern, we see stock has been in uptrend and this has made us to look for only long positions. Here on the weekly chart, we have noticed a crossover on slow stochastic indicator which is a signal to buy into Ajanta Pharma stock around 390 to 360 zone for a .....

Technical Analysis: Grasim shows sign of upmove, Buy now

by Bhaveek Patel

Grasim’s daily chart shows the trend in stock is up, hence trading in the direction of the trend we will be looking for buying opportunity in this stock. As we give closer look to the daily chart we see a bullish divergence forming on slow stochastic indicator. Daily chart of GRASIM: Traders can take long position on Grasim in range of 3170 – 3230 for target of 3500 in short term. While placing stop loss .....

Short term Stock Trade: Buy ABIRLANUVO on Pullback for target 1135

by Bhaveek Patel

Aditya Birla Nuvo is looking bullish after the recent breakout above the resistance of the range. we see solid buying opportunity int he stock for short term gains. A pullback must towards the support zone (previous resistance) must be the area of accumulating this stock. So buy ABIRLANUVO in 1020 to 970 range for short term target of 1135. Look for weekly chart below: Stochastic indicator is showing stock is over bought and we will .....

Understanding Correlation between Indian Rupee and Gold prices

by Bhaveek Patel

Gold and Indian Rupee has a very unique correlation, In this article I will explain how Indian Rupee movement impact Gold prices. Traders have a habit of buying gold whenever there is inflation in the economy, so in other words, Gold act as inflation hedge for many big traders. So when you see inflation in Indian economy then surely there will be buying in Gold. Another instance of buy into gold is, when Indian rupee .....

New year Giveaway: Participate to win Samsung Galaxy tab 2

by Bhaveek Patel

Dear traders here is good news for you, We at OurNifty.com have decided to come up with a New Year Giveaway contest. A brand new Samsung Galaxy Tab 2 worth Rs.20,000/- we are giving it for free, so do participate and tell you friends and colleagues as well. Here are conditions: Contest starts on 17 December 2012 at 12:00Am and Ends on 31 December 2012 at 11:59Pm. Anyone can participate in the contest (Humans Only .....