NDPMS Wealth Management

Nifty at the moment is little shy of a major resistance zone of 8500 - 8550 levels . Nifty closed at 8485 levels this week with a strong positive momentum which reflected in the later half of Friday's trade. Today's closing levels mark third successive week of a higher closing. However the important factor which shall never be ignored about the week's rally is volumes. The volumes this week in Nifty has been relatively the lowest in recent times. You may attribute such low volumes to the fears concerning the recent global crisis situation. As stated in my previous post, such situations acts as a perfect triggers for technical entries as they do not effect the fundamentals much.  If at all I am looking to buy in such a market, is because of the momentum which of course is not so backed by the volumes. So the action in near term future has to be stock specific rather than being more generic about the over all market conditions. I am expecting stocks like TCS, SunPharma, G...

Before coming to the answer you are looking forward to let me explain you the current short term Nifty analysis. This is what I regularly do on this blog. The stage is set for a perfect fight between the bulls and the bears. Nifty for the past 3 weeks has shown a robust and strong rally. Global crises have also been taken good care by the Indian benchmark. The fear of a negative Greek impact reflected in a recent sell out during the initial Monday trade this week, however soon the news was discounted for and markets again started following the trended path.I somehow feel that the Greek impact has too little to effect our fundamentals and would not matter much except that it may act as a trigger for Nifty to initiate a minor wave to the downside, At current juncture, Nifty faces a stiff resistance, at 8580 levels which also embarks 61.2% retrenchment  levels of its previous corrective phase .  It is assumed that Nifty is currently forming a complex wave pattern which...

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As predicted successfully last week in our previous analysis, Nifty had a humpty dumpty  fall and fell over 3% last week. Nifty was facing heavy resistance at 8500 levels with option data suggesting a positive bias. Monetary policy on Tuesday, June 02, 2015, provided adequate reasons for stakeholders to exit their long positions which were made the week before. Apparently the institutional investors haven't made short positions in stocks by now but the current options data suggest the shorting is on the way. It is still not the correct time to enter the markets with a long bias. However those who are looking for investments can keep accumulating but again, don't go all in. It is quite expected from Nifty to touch 7800 levels before entering into any significant dominant trend to the upside. Technical Analysis Weekly Chart: Nifty on weekly chart completed its 5th sub wave of 3rd major wave in uptrend in first week of March. Going further it sta...

The word stop loss is an order to exit either a long or a short position once the price of the position crosses a particular predetermined price level. It is a tool which help investors to control their risk of loosing money more than their pocket allows. Mainly used in intraday trading. It can prevent small losses becoming the large ones. It can save you from unexpected news that come in the market because of which there is a sudden price action against your position. The stop loss facility is free of charge and no higher commission is charged. Traders can trade with the time freedom and freedom from monitoring the same stock again and again. Most of the times investors have experienced it that if they do not placed the stop loss order and assumed that they will exit the stock manually once price reached their exit level, the have suffered more losses just because they could not exit on time due to higher volatility. Here the stop loss comes into picture. Though many investors...

Apparently Nifty is in complex correctional phase with a negative bias. This is certainly not the right time to go shopping with a short term time horizon. However if you are an investor, you should still try to go long at dips more than 5%. However it is certainly not advisable to go all in. Financial discernment is called for !! Nifty Weekly Analysis: Nifty on weekly chart completed its 5th sub wave of 3rd major wave in uptrend in first week of March. Going further it started its correctional wave (assumed to be 4th wave of the uptrend in consideration). It is also expected that it shall form a complex wave pattern. Probability is a 3.3.5 correction. The first A wave (3) ended on 30 April week. Currently the Nifty has closed just above the Bb middle. It shall continue the up move further.  MACD too is open wide to the downside. Today it trades within the 5-10 MA. State:  Correctional Wave  (sub waves e xpected  3.3.5) Important Pivots: 8550 lev...

As we eagerly wait the FOMC meeting outcome which many feel can have a negative impact on the Indian Financial Markets as it is expected that the US Federal Reserve may raise the US Interest Rates in June. Such a move can strengthen the already strong looking Dollar and shake the emerging markets like ours. At the moment 8620 seems to be an important support level and once broken can further take markets down by 1-1.5% to 8500. However markets may resume its uptrend if Nifty closes above 8760. Trade Cautiously !! If you don't understand what is happening, best is to stay away !!