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Analysis of Indian and US stock markets - Nifty, S&P 500 and Dow Jones. Fundamental view and trend analysis. Analysis of Nifty and S&P 500 based on Technical Analysis
Recent Posts Tagged With 'support'
S&P 500 and Nifty Futures Analysis
Dear Readers,Looking at various timeframe charts - Hourly, Daily and many indicators including MAs, trendlines, previous support and resistance etc, I have following view on markets:S&P 500 Future:In my previous posts I had maintained several lev...
Nifty and Sensex Up
Today the benchmark BSE Sensex and NSE Nifty of India closed up almost 4%. The upside followed previous four days of upmove in a row and traders seem to be more on long side.Looking at the Daily Chart of Nifty Future, following is my observation:Afte...
Indian Markets at Last Support?
Friends,Today I present something that is as obvious as oxygen in atmosphere and yet very rarely talked about. I am talking about the long term direction of S&P 500 of USA and NSE Nifty of India.7th of October, 2008 was when S&P 500 broke the...
Nifty Future Weekly Analysis Based on Weekly Chart
Dear Friends,Here I present my analysis of Nifty Futures based on Weekly Chart. However, As I said in my last posts, there is an atmosphere of indecision all throughout the world's capital markets caused by direct interference into economy by US and ...
Weekly Analysis of Nifty and SnP 500 Futures
Friends,The NSE Nifty Future (see weekly chart) fell last week and the US index - S&P 500 Future went all over the place to finally close marginally up. Today I am presenting my views based on Weekly Charts of both these indexes.Nifty Future Week...
Nifty Future as on 10th September and Tumbling US Markets
Friends,Nifty Future is precariously placed as seen on Daily Chart as well as Hourly Chart. When I presented the weekly analysis, I warned there could be resistance near 4500 and for three days we see that happening. A prudent trader should look for ...
Weekly Analysis of Nifty Future
Last week was a week of perfect indecision - what the candlestick chart of Nifty Future suggests, a doji. Bulls tried their best and so did bears but no one had a decisive upper hand. The volume however remained average.Looking at the Weekly Chart of...
Nifty Future on a Resistance
Nifty rallied today almost 4% and a lost confidence of bulls was somewhat back. In my last post about Nifty Future I told how important was the 4207 support and now you can see why. Today's move has turned short term indicators bullish but again the ...
S&P 500 Futures on 29th August
Friends,Yesterday there was a rally in US Markets - S&P 500 Futures rose to almost 1300 level. Looking at the Daily Chart of S&P 500 Future, I have two things to say :1. The S&P 500 Futures could not manage to get above the rising wedge s...
Nifty and US Markets Today
Friends,Just see my last post, there I told you I was worried for bulls and it came true. Another more important point is the today's Nifty Futures low was 4209, just near the 50% retracement I told in my last post. Now if bears have upper hand again...
Nifty Future Analysis as on 25th Aug 2008
As I posted here yesterday, Nifty Futures opened higher and started moving southward then eventually closing with marginal gains. Resistance was encountered at about the middle of 34 Period EMA and 55 Period EMA on the Daily Chart.Looking at Fibonacc...
S&P 500 Futures - Rising Channel Breaks Down
I told you friends there is a rising channel forming in S&P 500 and the future charts (Daily) for today shows it has been broken. Such patterns are generally continuing patterns of previous larger trend, which is Bear Trend for both the S&P 5...
Nifty Breakout was Fake?
Friends,When all analysts were singing the breakout song, I doubted it (see this and this ) and then the confirmation of my doubt came true when I saw big divergence between Nifty and Nifty Futures and now we see it happening, the indexes both Nifty ...
S&P 500 as on 15th Aug 2008
Friends,In my last post I thought S&P 500 Futures could go to 1350 at most as it was the 200 Period SMA and 61.8% retracement of the previous downtrend but it did not. In fact it retraced from about 50 % retracement level and also the the ascendi...
S&P 500 Futures Daily Chart 11 Aug Analysis
Hello Friends,Once again I am here with my analysis on S&P 500, but first my apologies to post so late. Its a hectic schedule these days and I hardly manage to do some important things on time.Let me come to the point. I am analyzing S&P 500 ...
Nifty Still in No Man's Land
Friends,See the chart. See what I was saying yesterday. The only thing that bulls needed was a close above today's one. BUT, they failed (see red circle). See how bad the closing for today was, it ended up being a SHOOTING STAR and see the volumes !!...
S&P 500 Analysis on 6th Aug
Dear Readers,S&P 500 Futures Hourly Chart suggested a Breakout yesterday which I mentioned in my post if it remains above 1262-65. Now, I must tell you the bigger picture - looking at Daily Chart, the picture is not that pretty. The reason is I s...
Nifty on a Breakout?
Friends,Today Nifty gained a almost two and a half percent with better than previous seven days' volume. Is this a breakout? are those days of Bear Market over? Let us see how it shows up on daily chart. As we can see, Nifty rose to close above 450...
S&P 500 took support near 1245
Friends,As I mentioned yesterday (see my last post), the S&P 500 when not managing to be over 1262, fell to 1253 and breaking that it almost kissed 1245, which I mentioned as next big support. After that, as of now, the S&P 500 futures have r...
Dow Jones and S&P 500 Futures on 4th Aug 2008
Friends,Last time when I posted my analysis about S&P 500 on 1st Aug I emphasized on 1260 - 1262 as important levels. On Friday, it remained near that mark and closed just at 1260.Looking at current Hourly Chart of S&P 500 futures, the signal...
S&P 500 Hourly Chart analysis
Friends,In past few days we have seen stock markets showing good up movement globally. I am presenting here my analysis based on Hourly Chart of S&P 500 Futures, US.Looking at the S&P 500 Futures Hourly Chart, I have come to the 1260 level as...
Nifty Analysis as on 29th July 2008
Dear Friends,Its not easy to tell about the Stock Markets direction and see how it turned out (at the time of writing this post) for US markets. I'll come to that later, for now read about Nifty...For Nifty, Yesterday it was 38.2% and today it was 50...
