Nifty/ BN Weekly View (spot) for 29 Feb- 04 Mar’16

We finished settlement near the lows of the month and old business in the form of the writers at 7000 PE were able to withstand the selling pressure and hold off the bears that day. The coming week has the budget session in it. Whilst we are big believers in the charts carrying all the […]

Nifty/ BN Weekly View (spot) for 22 Feb- 26 Feb’16

In the week gone by the Nifty recovered a part of the losses of the preceding week but the VAH-HVN mentioned at 7220 in the weekly review we had done last Saturday continued to resist and with a high of 7226, the Nifty spot closed at 7210 for the week.

Nifty/ BN Weekly View (spot) for 04 Jan- 08 Jan’16

The dec series finished with a vwap of 7804 and the short covering seen in the last 10 days of the series would keep the immediate bias up above 7800 in the early part of the new series. In the weekly there is immediate support near 7925 above which the bulls should feel comfortable early […]

Nifty/ BN Weekly View (spot) for 14 Dec- 18 Dec’15

Last week we put 7854 spot as our KRA to check for bias, but the Nifty traded lower all week from a high of 7824 spot and hit a low of 7575 during the week. Support at 7525( 2014 POC)  is close by and the coming week should tell whether the 2014 POC will stay […]