Hi friends, Trader's Community is created for Indian Stock Market, completely based on Technical Analysis, purpose of this blog is to help traders, all kind of comment, suggestion, criticism are welcome because all these may help me to analyze better and may help traders too, and I wish to thank all my readers and followers.
Hi friends, as I posted earlier about NIFTY price making higher high and RSI unable to make higher high thats mean a negative divergence forming, now today it formed the desired divergence! Finally RSI line crossed the red line, I like to go short NIFTY for short term, even IndiaVIX also supporting that may be NIFTY rally is over. What do you say?
Hi friends, look at this chart of SILVER. It hit first supply zone of $29.47-29.87 in international market. Now USDINR is only hope for further strong upside or a break out in international price. I dont know the fundamental relation between SILVER price in dollar and Indian rupee, but technically I would like to book profit at the current level Rs.55470 in MCX. What do you say?
On daily chart SKUMARSYNF looking in good demand zone. On my side I would not like to buy more, as it is a small stock and under performer with the market. 22.10 will be a good stop loss. But buying SKUMARSYNF at this level (CMP 24.25) is going to be little risky as the supply zone is around 25.75-26.85 ..so better option to buy on decline around 23..or we can apply our trade management.
