Buy: Dhanlxmi Bank above 95.00

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.

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 ...... !!

Ready to Rock again in Feb 2011

I am bullish for pure technical reasons which can be explained in the following four points

1. 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
2. Slow Stochastic has come down to oversold zone in weekly chart and is already moving since 10th Jan, 2011 in daily chart
3. Nifty has touched base of the down channel which happen to lower of Bollinger Band (See next graph)
4. 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).

Market on Budget Day

This is just a snap shot to know how our market has behaved on Budget day and what we can expect this time,
Note: last year data is not available on the table, would make available very soon

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.