NeoTraders

NeoTraders Updated 

Finance sector has been moving pretty swiftly and the strong surge in this counter beyond its recent highs around 700 does spell for some strong continued trended action. The prices have been moving well especially after posting a strong Q1 in 2017. With the prices taking firm support at the Tenkan Sen we can look for the strong surge beyond previous high has been...

NeoTraders Updated 

Selling Pressure continues to build in this stock. Will this be the month where we could see the Sun setting on the prices? Keep track of this stock for a good shorting opportunity.

NeoTraders

Barring that brief move beyond the trendline the prices have not been able to sustain and have moved ina strong descending channel and now we care looking at a 15$ move in Silver Comex as well. AN interesting stage indeed. Lets see how it pans out.

NeoTraders

IT sector could again witness a pullback as the exciting times for the index seem to be getting stalled. The trends in individual stocks are showing that the resistances are curbing the rise.The prices are now showing exhaustion and heading lower. After a strong challenge to the upper end of the channel during the Q1 results the prices have retreated quite swiftly...

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Fantastic Finish to the expiry yesterday as we saw Nifty close above 10k and display a show of strong bullishness. The spot Nifty charts however are indicating that the Nifty has tread into strong resistances as we can see from the charts above. The resistances seen here does pull the plug on the markets for now as we are witnessing a median line resistances...

NeoTraders

The Dollar however continues to remain under pressure as the Trump’s administration reveals the involvement of Russia in last years election campaign. The impact of such admission on the Dollar remains yet to be seen while Federal Reserve continues to maintain a hawkish stance. Central banks around the globe seem to be either removing their accommodation or...

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Charts shown previously is of Spot but on Futures we can see the impact as mentioned earlier . Nifty has retreated lower highlighting the Power of Fibonacci.

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Nifty has ran its course since we last recommended and has now tread into 1.618 Fibonacci extension resistance on Nifty Futures chart at 9883 . Hence those who are holding longs should look to book some profits and revise their stoploss below todays gap.

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Is the sun setting on SUN TV..? After a brilliant run over the past 5 months the stock is seen gasping at higher levels. Despite its best efforts to revive there is not much participation seen. The two bar reversal coupled with the Fibonacci resistance has practically strangled the rise for now. The last two months have seen some profit booking and even in July...

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Shooting Star on 60 minutes does signal a momentary arrest of the bullish charge. A follow-through towards the close of yesterday does indicate a possibility of a pullback today hence one should be looking to buy on dips after the strong surge witnessed post the buy opportunity that I had highlighted few days ago. The bias continues to be bullish but a pullback...

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Pharma counters were quite beaten and the strong decline seemed to have drained all the enthusiasm in the counters for almost two months . This stock can be seen dragging its feet for the past few weeks and is now building up some muscle to head higher. We observe a Bollinger band expansion on the Daily charts that is supported by some follow-through to the...

NeoTraders

Nifty has been tested on hourly charts for a while now and the strong surge beyond the 78.6% Fibonacci resistance coupled with the break of median line of the Pitchfork does suggest strong upward traction in the coming days.