Friday, October 24, 2008

Nifty's extended fall due to leveraging to offer investors some bargains.

Some good reading for traders during the weekend on 10 Cleaning Tips To Spruce Up Your Trading








Nifty, in its most bearish scenario, heading to 2600 levels

Thursday, October 23, 2008

Nifty's slide continues as settlement closes in..

Option-A:- Nifty in the terminal stage of an ending diagonal, provided it does not fall much beyond 2850..another bounce to 3120-3150 & a fall to 2850-2875 & then a good rally is possible as per this scenario.

Option-B:- Nifty is doing a running 4th wave correction and likely to start a most severe fall reaching 2600 ( or below).Most bearish.







Wednesday, October 22, 2008

Nifty in a triangle, failed to rally further.

NIFTY in a trading range with prices contracting narrower..Trade as per the ranges & subsequently in the breakout direction.

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Looking at the US market's decline & the Sgx Nifty, We are sure to break this trading bottom at 4050 and fall massively. After a pause near 2850 - 2900 levels, it may ultimately seek the 2600 levels in the next 3 days.
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Tuesday, October 21, 2008

Nifty gets its 1st Buy signal in daily..Now for the follow up rally

As long as Hourly close is not below 3175 & todays close is not below 3140, hold longs.







Momentum was lacking today..Notice the struggle with 5-Hour high ema.