Thursday, November 6, 2008

Nifty holding out the last support 2840(10 DMA) but heavy selling at 3000 make for a dismal show..

2840 - 2860 is a very critical area (10DMA, 5 Wk low ema, 5 day Low ema).
2946 - 3045 is now a critical resistance zone(5 Day ema & 5 wk ema).

The ferocity of yesterdays fall & todays intra fall from 3006 suggests of a 5th wave down. On the other hand, if it holds 2750 - 2780 and rally up , clearing daily ema with volume, then a possibility of a rally.

Let us remember, the fall is not like a correction & the daily trend has turned down by closing below 5 DEMA (2948) today.

Read this article on Bear Markets..Very interesting & educative.








4 comments:

Turi said...

Hello, mi chiamo Turi sono italiano, complimenti per il tuo blog davvero interessante e pieno di contenuti, vienimi a trovare nel mio blog e lasciami un commento, Thank you. http://www.youturi.blogspot.com

Sujatha said...

i am not able 2 open value trading blog which u hv mentioned in ur blog.

whenever i click, my system' s SPY PROTECTION s showing "Trojan-psw.Win32.Buf" virus. If i disinfect it and erased also again it's coming, i am not able 2 view the blog.

Can u help me out, what s the problem.

Ilango said...

I am able to view value trading site. Your spyware may not be able to allow it.

You can go to VFM site. In the blog list, Abhay Somkumar is the first one. Click on it, you should be able to view the contents.

http://www.vfmdirect.com/forums/index.shtml

Regards

Sujatha said...

thank u for ur guidance, i viewed 2day's comments only. When i clicked the "view link" again the same problem.

Let me check up with my people, who provided this pc secure

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