EARN WITH PROFITABLE INTRADAY TRADING SYSTEM AND DAY TRADING SYSTEM WITH BUY SELL SIGNALS FROM www.technotrades.biz

SUPPORT AND RESISTENCE IN STOCK MARKET

In stock market , support and Resistance symbolizes key junctures where the forces of supply and demand meet. Prices are driven by excessive supply (down) and demand (up). Thus technical analysis is very much important in the wake of knowing buy/sell signal . Supply is synonymous with bearish, bears and selling. Demand is synonymous with bullish, bulls and buying. These terms are used interchangeably throughout this and other articles. As demand increase, prices advance and as supply increases, prices decline. When supply and demand are equal, prices move sideways as bulls and bears slug it out for control. SUPPORT ? Support is the price level at which demand is thought to be strong enough to prevent the price from decline further. The logic dictates that as the price declines towards support and gets cheaper, buyers become more inclined be it intraday or delivery. The intraday trading software can make out a p...

NIFTY DAILY MARKET OUTLOOK 24 AUG

Indian benchmark indices ended flat on Thursday, as investors booked profits. Further, lower refining margins concern on Reliance Industries also put pressure on index, while support came from IT stocks ~ posted smart gains on hopes for more U.S. monetary stimulus. NSE's Nifty ended flat at 5,415.35. Nifty took a breather after two days of continuous gains, on daily charts, Nifty formed a Doji formation depicting that after recent rally, traders indulged in profit booking and are looking for fresh triggers to take the momentum ahead. Nifty has multiple resistances at 5,450‐5,480. In coming session, follow up buying past the trajectory could take Nifty till 5,520‐5,570. Further, the index still maintaining its higher high higher low formation, signaling that basis is still positive. The index has immediate support in the range of 5,400‐5,370, any selling pressure would intensify only below 5,370. Trading strategy would to buy near support and to sell around 5,480 if benchm...

Intraday Trading Systems and Intraday Trading System for Nifty Stocks and Commodities

CURRENTACOUNT DEFICIT & INDIAN STOCK MARKET Last week the Reserve Bank of India (RBI) released quarterly BOP data which showed India’s current account deficit reached below a new high of 32 billion USD or 6.7 per cent of GDP in Q3 FY 2012. CAD, however is expected to narrow down as a result of slowing consumption, sluggish investment, fiscal consolidating, and moderating oil prices and gold imports, we project the full year figure will come in around 5 per cent—well above the RBI’s estimate of a sustainable level of about 2.5-3 per cent. The stockmarket will then see a new kind rejuvenation and traders in nifty might look forward to encash the profit. Given that it will likely remain around 4-5 per cent of GDP over the medium-term, the CAD will limit the RBI’s space for rate cuts, keep downward pressure on INR, and increase india’s reliance on potentially volatile portifolio flow...

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