Nifty future has trend line support at 5500, Buy Nifty future

Nifty future has today seen a bounce while trading at a major support region. Today, we have seen front-line majors bouncing after the recent sell off, this may be an indication of coming relief rally in next few trading sessions. Nifty future is more likely to head towards the 5740 area i.e its first resistance. The medium term uptrend is likely to resume and very limited downside is seen at this ... [Continue Reading]

NSE EOD Database, NSE FNO Database, NSE IEOD Database, MCX EOD Database for Amibroker

Friends I am sharing the following databases which has data updated till 28 March 2013. All these database are for Amibroker charting software. Download and share it with your friends and colleagues. NSE EOD database: NSE F&O database for stocks and indices: Download Getbhavcopy ... [Continue Reading]

Technical Analysis: Maruti Suzuki trading at Support level

Maruti Suzuki stock is in an uptrend on medium term chart. But stock is correcting on the daily chart and is now trading at support level. This support is provided by 61.8% fibonacci retracement level (High of 1639 and low of 1051), so 1275 is a strong support zone for the stock in short term. Trading idea: We will be looking for buying opportunity in MARUTI around 1275 for a target of 1345, ... [Continue Reading]

Nifty options trading strategy for Interim Budget 2013 – 2014

India's budget session in parliament has already began, we are hoping for new surprises from this budget. As this may be the last budget before the next general election. So it is more likely that Finance minister would be looking forward to bring in the reform in this budget, but if he fails to do so, then markets may retrace back lower. Hence, here exists very good nifty options trading ... [Continue Reading]

Short term Stock: Grasim is trading at support, Buy on dips

Grasim industries is another stock that is trading at a strong support level and is ready for up move, Stocks on weekly chart shows a up trend hence we only focus on buying opportunities. Recently slow stochastic has given a crossover on weekly chart so we are expecting strong buying here. Also the chart shows that there is support at 2929, which was a resistance previously. But as price action ... [Continue Reading]

Technical Analysis: How to trade Double bottom pattern

Double bottom pattern

Double bottom pattern is just opposite of double top pattern that we have discussed previously. This pattern is very easy to trade and learn how the market forces will be changing the direction of stock at some level. In technical analysis, this pattern offers higher chances of success if trader picks the trade with this pattern. A trader can freely apply and trade this pattern on any time frame ... [Continue Reading]