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KPL's blog on Indian stock markets, science, technology and more
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April 30, 2014
Market outlook
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Markets fail to sustain above 6760 and sell off. Advance decline was negative and selling was evident in most stocks. EOD charts show ...
April 29, 2014
NIFTY open interest
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NIFTY open interest indicates support at 6500 and resistance at 7000. Interestingly, highest OI is now in the 7000 call followed by 6500 ...
Market outlook
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NIFTY trend is up with support at 6640. The market as of now is still a buy on dips market. Option writing points to support at 6500 and ...
April 28, 2014
Market outlook
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We had a poor follow through post Friday's sell off. This means the correction is likely to get over sooner than later most probably ar...
April 25, 2014
RSI divergence in NIFTY
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I rarely see RSI but today I saw out of curiosity and voila... we have negative divergence on daily charts. The reason I don't see th...
Weekend update
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Possible trend reversal on EOD charts as markets close below 3 days' low. Next week, a fast close below 6640 will mean confirmation of ...
Intraday analysis
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Initial bias was bearish. First sell signal is shown in the rectangle/ box where markets attempted to cross the high of the first breakout ...
April 24, 2014
GOLD update
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Trend is down with support at 1280... expect correction to 1240 if support breaks.
NIFTY megacycles by Kamlesh Uttam
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One blog I read quite regularly because of the methods is uttamsmethodofselling.blogspot.in/ . This is an excellent blog and a must read...
Open interest show large range in MAY
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Option writers are preparing for a big range and volatility in MAY. They are not expecting markets to cross 7000 in MAY and not break 600...
April 23, 2014
Market outlook
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Trend is up with support at 6640... note that trend appears as if it is weakening. The reason is we are at new highs and while markets shou...
Trading range 1000 points in MAY?
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Option writers are preparing for a big range and volatility in MAY. They are not expecting markets to cross 7000 in MAY and not break 600...
April 22, 2014
Market outlook
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Trend is up with support at 6640 spot. Note strong resistance in the region 6835 spot. Break of 6640 will lead to a correction to 6300-64...
April 21, 2014
Market outlook
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Trend is up with support at 6640. It is expected that 6600 will not break this series. Since the trend is up, trade long... don't sho...
Intraday analysis
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Breakout above 6820F (2.15pm) was bullish. But this did not give much gains and position got closed on trailing SL.
GOLD forms a lower swing high
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After breaking support in MARCH and trending down, GOLD has now rallied and formed a lower swing high. Crossover and holding above 1330 w...
April 17, 2014
Weekend update
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This was a short week... it started a day later and ended a day earlier. Trend is up with support at 6640. Next week, close above 6820 ca...
Intraday analysis
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There were 2 buy signals today... one on crossover of 6720F and second on crossover of 6760F. A question may arise that when the last 2 d...
Sensex @ 40000
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CLSA says that as per technicals the BSE benchmark Sensex is all set for 39,707 level, an upside of over 75 per cent from its present level...
April 16, 2014
B NIFTY outlook
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Trend is up and will reverse on close below 12400 spot.
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