Buy Dhanklaxmi Bank above 95.00 as this is posing major support and price has also shown reluctant to go further down.
The bank, which reported a five-fold increase in net profit for the third quarter at Rs 7.26 crore, aims to be among the top-five private banks by 2015-16 in terms of loans and profitability.
“We plan to raise money simultaneously through all three routes by the month of May,” MD and CEO Amitabh Chaturvedi said in an interview with ET.
Monday, January 31, 2011
Go long from Now as soon Nifty crosses 5452
So Nifty shades some more points to touch 61.38 % i.e 5413.81 and today's low is 5416.85 reattachment as shown in previous graph. One may go long safely now, at least for 100 points as Nifty will show technical bounce ...... !!
Sunday, January 30, 2011
Ready to Rock again in Feb 2011
I am bullish for pure technical reasons which can be explained in the following four points
- Nifty nearing 50 day EMA which coincidentally equals 61.8% of reattachment from 6338.50 recent high to 3918.75 which happen to be significant lower after new government formed
- Slow Stochastic has come down to oversold zone in weekly chart and is already moving since 10th Jan, 2011 in daily chart
- Nifty has touched base of the down channel which happen to lower of Bollinger Band (See next graph)
- And if you are even not convinced then have a look at my last graph, which is being wathed by world
Inverted Flag - Back to Basics
This time Nifty explain beautifully, what an inverted flag mean. Inverted flag pattern, a consolidation/continuation pattern that often occurs in the midst of a bearish move like what Nifty has been experiencing since 10th Jan, 2011. Please do not take me wrong, I am not predicting any free fall of Nifty nor giving you any lower target. Slow Stochastic is sufficiently spend time in oversold zone (below 20).
Saturday, January 29, 2011
Market on Budget Day
Sunday, January 2, 2011
Happy New Year 2011
We at NIFTYMAMA Wish you all a VERY Happy, Prosperous & a Profitable New Year 2011 ahead. May the year shower wealth and prosperity in our lives. We at NIFTYMAMA take this opportunity to thank you all for the support, appreciations, suggestions which have made us more confident and professional in approach. Your support is clearly seen from the overwhelming response which we have been receiving, Thanks once again to one and all.
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