NIFTY moving within downward channel: 4500 ahead ?

NIFTY is moving in downward channel since start of year 2011 and continuing the path within it. Accumulation-Distribution indicator (AD) is also moving downward along with NIFTY.

Read more...

Results till friday

Tue, 31st May
Board Meet :
BEML Ltd

Wed, 01st Jun
Board Meet :
Bosch Ltd
AGM :
Bosch Ltd
EGM :
ACC Ltd

Thu, 02nd Jun
Dividend :
HDFC Bank Ltd
ICICI Bank Ltd
Fri, 03rd Jun
AGM :
Reliance Industries Ltd

Read more...

Results awaited/announced

Sat, 28th May
Board Meet :
Areva T&D India Ltd
Anant Raj Industries Ltd
Hindustan Copper Ltd
Sun Pharmaceuticals Industries Ltd
IVRCL Ltd
Pipavav Shipyard Ltd
--------------------------------------------
Sun, 29th May
Board Meet :
Unitech Ltd
Tata Communications Ltd
Lanco Infratech Ltd"
--------------------------------------------
Mon, 30th May
Board Meet :
Colgate-Palmolive (India) Ltd
EIH Ltd
Hindalco Industries Ltd
India Cements Ltd
Aditya Birla Nuvo Ltd
Cummins India Ltd
Mahindra & Mahindra Ltd
Godrej Industries Ltd
Reliance Capital Ltd
Bharat Petroleum Corporation Ltd
National Aluminium Company Ltd
Shipping Corporation of India Ltd
NCC Ltd
Oil India Ltd
Central Bank of India
Oil & Natural Gas Corpn Ltd
Indian Oil Corporation Ltd
Punj Lloyd Ltd
GMR Infrastructure Ltd
Mcleod Russel India Ltd
Educomp Solutions Ltd
Reliance Communications Ltd
Dividend :
Hindustan Construction Company Ltd
Indian Bank

Read more...

Nifty outlook for 16 march

A further radiation threat from nuclear reactors caused almost 110 point gap down opening in Nifty today, which went further down to ~ 150 point.

Nifty recover from there and presented a perfect buying opportunity @ 10:26 AM when it crossed from lower BOLL Band to UPPER band. Exit signal from this position can be taken from falling RSI and flattening Bollinger band shape.

Nifty offered second opportunity to enter by shorting @ 2:38 PM  ~ 5480 level with RSI falling(~40) and exit around 5440 level.

Nifty 2min chart

Nifty 5 min chart

--------------------------------------------------------------------------------------------------------------------

The really big money tends to be made by investors who are right on qualitative decisions but, at least in my opinion, the more sure money tends to be made on the obvious quantitative decisions. - Warren Buffett

Read more...