Supports and Resistances are concepts very well embedded in trader’s heads. Support means a place where you expect the market to stop falling and Resistance is where you think it won’t go further. So the concept of “Support broken” typically m…

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I talk about this often – typically, you want your Earnings Per Share (EPS) growth to, somehow, match the Price-to-Earnings ratio you’re paying for the stock. This, at an index level, makes even more sense – a single company may be irrationally high pr…

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Nifty closes at 4782, a 15-month closing high and a pretty strong close. Are we out of the woods? From a yearly high perspective, it seems like a strong breakout. Let’s check out some of the technicals. First, the Nifty Chart:

(Click for a larger im…

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Looking at the Nifty with it’s 200 day moving average (200DMA) produces a story of extremes.

(Click for a larger image)

Distance % is the difference with respect to the 200DMA, or (Nifty-200DMA)/200DMA.

The index doesn’t seem to stay above the 30%…

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Going through the Nifty stocks as results poured in, and some startling facts:

Of the 50, 24 have contracted EPS. Meaning earning per share is less than the year earlier.
Current Nifty P/E is 20. Of the 50 stocks, a total of 39 stocks have grown …

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