pathiyil.praveen

pathiyil.praveen

The most important question of the day: Are we in a bear market? With the broader market continues to sell off for more than a year and half now and recently the selloff witnessed in the front line stocks of Nifty 50, the question that arises in our minds are: Are we in the bear market? Is there any chances for fresh buying to hit the street? Let us examine in...

pathiyil.praveen

Sun Pharma is in a congestion zone for few days now. As long as 405 is not breached, it has the potential to complete upside target of 480 in next few weeks. Ideal buy is at around 410 with SL at 405.

pathiyil.praveen

Observation on the chart.

pathiyil.praveen

Observation on the chart.

pathiyil.praveen Updated 

Nifty Commentary To the dot, Nifty closed exactly at the boundary of the cloud. Not even a 0.05 tick above or below; this is why we respect ichimoku cloud analysis to the core. Now that Nifty has closed exactly at the boundary respecting the cloud, what next for the day? As we noted in the previous day’s note, we believe that inside the cloud, prices tend to be...

pathiyil.praveen Updated 

On the INFY Chart, Price have broken out the cloud; while Tenken and Kijun do not provide any clue on the trend or momentum. Looking at the chart, reading it along with Chikou (still negative); we can be in for a set of mixed bag of results for INFY tomorrow morning. It's better to avoid any position for this quarterly result.

pathiyil.praveen

Bank Nifty is lagging Nifty in terms of ichimoku structure on daily scale. Here in Bank Nifty we can see that the prices are not within the cloud; making it more room to scale it up with that of Nifty. Once Nifty hits 8400 mark (that is upper boundary of the cloud); we could see correction or sideways action and I feel it is during this phase Bank Nifty will match...

pathiyil.praveen

Nifty Commentary The effect of 8300 being taken out was clearly witnessed today. A gap up followed by a very strong close has placed Bulls back in a comfortable zone. Technically looking at the ichimoku cloud, we can observe two important levels that could happen: Cloud boundary around 8400 (senko B) could act as a tough resistance for the Bulls for the day along...

pathiyil.praveen

Watch tenkensen moving into the cloud; this could provide an opportunity for entry in #nifty in next 2 session. #nifty to face hurdle at 8400 then an opportunity to go long for target at 8600 .