Resistances are at 3025/3050/3085 & 3100.
Supports are at 2920/ 2780/ ......
Only a close above 3100 will bring back the momentum. Holding 2920 - 2885 will bring in a bounce..Will that cross the 3100 or meets with resistance & fall again..World mkts should assist us..
5 comments:
superb sir
res sir if u pl explain in detail ur trading sysstem that is very useful who do not have software for signals thanks in advance
Hi.Ram,
If you have a computer with MS Excel program in it, you don't need any software to understand the market internals but you can create one yourself and monitor it daily.
And you require the daily data, which is available from NSE site. As for hourly data, it is available from India Bulls broking a/c (don't know whether any other brokers provide it..I mean the data). Manually you can pick up the hourly data from NSE homepage Intra chart (a bit tedious but useful)
If you have these above, give me your email, I will help you to set it up. Believe me it requires a dedicated, consistent input from your side with unbiased observations.( That is to say..don't look at the market biased with your positions. I see many looking for bullishness in the market because they are long and fail to see even the most obvious sell / weakening signals)
I will try to make my posts a bit more educative so that the logic/ reasons are understood.
Regards.
thank u sir.i made 4,12,23day.sma. low sma and high sma for above period.from jan 2005. i want ur guidece for 1.sma or ema 2. whether above periods are ok or 2 take simply 5 day ema.3.buy above high & sell below low is it the successful mantra for positional trde .my email id is ramshirsath@yahoo.com
thanking in advance
sir i from pune. have a lot of patience.i shorted mininifty at 4400 as per 12 day sma and covered at 2750. i want guidence whether i m going correct.i use 23d sma for trendsetter.pl guide if direction is correct
thanks.
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