Daily Nifty Analysis

[Dusant]

Hello All,

There have been umpteen requests made to me over the past two weeks to place all my Daily Nifty Analysis on one thread.

To make things simpler, I have decided to create this post, where I would be placing the links of my individual posts henceforth.

If you wish to get notified by email of any updates, just subscribe to this thread for updates.

Trade Happy,

Dusant

 

[AJAY]

Thanks Dusant for acting positively on the requests. Waiting to see more of the analysis...

with best regards

AJAY

 

[Dusant]

Here is the link for the daily analysis for 31 July 06. You could right click the link and open it in a new window to view it.
http://www.traderji.com/technical-analysis/7515-nifty-analysis-31-july-2006-a.html
Dusant

 

[Dusant]

Daily Nifty Analysis for 01 Aug 06

Disclaimer: These are my personal musings and only meant for entertainment, not as trading advise. To view the full chart, right click on this link and open in a new window.
Not much to add from yesterdays post.
The Nifty continues in a trading range, as suggested yesterday. We have had three retests of the 3110 levels within two trading sessions. That alone, enhances the significance of the level. The supply zone has still not been penetrated. The safety of the supply zone is now keeping the bears in a comfort zone. It would disturb the bears only when the 3200 levels are swept aside convincingly.
We could, therefore, expect action only when this Great Wall is cleared to the upside.
Trade Happy.
Dusant

 

[pandyaketan]

East or West MR Dusant is the best !! Great Guns sir !

 

[Dusant]

Nifty Index updated on 01 August 06

I believe that the chart is not able to be viewed as some ISP's are still blocking the blog. Therefore, I am uploading the chart below.

Dusant

 

[Dusant]

Thank you ... pandyaketan

 

[Dusant]

Daily Nifty Analysis for 02 Aug 06

The Daily analysis has been posted on the link below.

http://www.traderji.com/technical-analysis/7542-nifty-analysis-02-august-2006-a.html#post53390

Trade happy.

Dusant

 

[Traderji]

Dusant,

Instead of posting your daily comments in differernt threads why don't you post them all here?

 

[Dusant]

Daily Nifty Analysis for 03 Aug 06

Disclaimer: These are my personal musings and only meant for entertainment, not as trading advise. To view the chart, check the link below this post.
We have seen a breakout of the Great Wall of resistance today. Is it a false breakout? Only time can tell as of today. The earlier resistances should act as support points, as the Nifty has still not made a lower top and lower bottom pattern as of now.
The crash of the last 90 minutes or so can be attributed to a knee jerk reaction to the Bank of England raising interest rates out of the blue. Or the event may have been used as an excuse to run stops of bulls who knows for sure?
The Nifty could resume its uptrend tomorrow when the news is assimilated and discounted. All said, I have been mentioning for the last week or so, to keep hedging, to avoid untoward capital losses.
Even now, the probability seems higher that the bulls will get back in action. And as they say, when the intermediate trend is up, use short term downside corrections to go long. I am still of the opinion that we could use dips to buy, until we see a technical breakdown.
http://photos1.blogger.com/blogger/7187/3264/1600/Fibonacci Retrace and Extn.37.png