Nifty/ BN Weekly View (spot) for 06 July-10 July’15
The exogenous event at last Monday’s open forced the index below our first support given at 8260 in the weekly post and came within 15 points of the major monthly support of 8180, but once the index pulled up above 8260 again that same day there was no pulling back and the Nifty finished the […]
Nifty/ BN Weekly View (spot) for 29 June-03 July’15
Last week we expected bulls to be stronger and the Nifty scaled easily over the 8335 resistance on the first day of the week and held it through expiry bringing 8423 in play ( short of the expected 8450 above 8335) .This week we continue with the bullish stand and would urge dips to be […]
Nifty/ BN Weekly View (spot) for 22-26 June’15
The short Covering we had seen in the week prior, last thursday gave an opportunity to the Buyers to build long positions in the index and the Nifty finished near the highs of the week after running up 300 points from the lows. The coming week has series settlement and the focus comes back on […]
Nifty/ BN Weekly View (spot) for 15-19 June’15
Last week was an ideal “sell on rise” market as the expected test of year lows happened. On a previous break of 8000 BRN we had pointed out that the response seen was emotional and a retest was due. It took the Nifty 5 more weeks post that event to come back , but we […]
Nifty Weekly View ( spot Prices)
Last week we spoke on Buy Dips and Sell Rises in our weekly view. The spot was sold off from 8332 again buy got buyers at 8080. This week we are looking for a test of 8380/ 8410 spot where we watch for signs of selling.
Weekly Update- 7th April to 11th April
In Last week’s post (http://vtrender.com/premium/nifty-weekly-update-31st-march-to-4th-april/) we spoke about the strong UP auction and the fact that it was trading above the last series vwap then identified at 6474 and 11860. We were also looking for signs of reversal or a pause to the upauction. First let’s look at how the series is developing […]
Nifty weekly update – 31st March to 4th April
In Last week’s update posted (http://vtrender.com/premium/nf-bnf-summary-for-weekend-21st-march/) there was a case made for the Nifty up auction to proceed to 6700 and the BNF to do 1000 points away from the consolidation it had been in. As of Friday’s close the Nifty touched 6700 and the BN was half way on the road to […]