And EOD Nifty Analysis...
Friday, March 18, 2011
Nifty Intraday Update-I
Weekly TA prevailing over daily TA (Which was anyway shaky).. This is following our prices and taking advantage of global cues. Hence, there was no filter for JNSAR suggested.
Nifty PreMarket View.
The correction for the rise from 5223 to 5608 has taken more than the normal duration which puts a "?" on the strength in bulls. Having closed below "HEma", it has been sell on rises and having closed below all "Close emas", it is a confirmation of weakness but a follow up action is required to close below "LEma" which has risen steadily to make it easy for bears...
Only a firm trading above "5510" will make it work for bulls.
Staying above 5472 will keep it in neutral mode.
Trading below 5435 will increase the chances for a downside break down.
"ORB" is a good tool in a trader's armoury.
Thursday, March 17, 2011
Nifty PreMarket View.
Do not fall for the "Fishermen" who dangle their worms & cripple you permanently.
Some readers here have fallen prey to such gimmicks.
Make your own judgement on this.
Trading is quite a personal one.
Think about it: If some one can make so much money, "Why do they have to go around & publicize about it?".
Whenever you are not able to understand and trade the markets, take a break & keep the capital intact. There will be better times & clear opportunities to exploit ....Please.
Many want to be call givers..many want to be the ones to have found the magic levels ... many want to give advice after spending few weeks/ months in the market. This urge to give calls...advices..."eureka excitements" take you away from your real objective to TRADE and make money.
Some readers here have fallen prey to such gimmicks.
Make your own judgement on this.
Trading is quite a personal one.
Think about it: If some one can make so much money, "Why do they have to go around & publicize about it?".
Whenever you are not able to understand and trade the markets, take a break & keep the capital intact. There will be better times & clear opportunities to exploit ....Please.
Many want to be call givers..many want to be the ones to have found the magic levels ... many want to give advice after spending few weeks/ months in the market. This urge to give calls...advices..."eureka excitements" take you away from your real objective to TRADE and make money.
Don't be judgemental ... be objective, focussed as you can see from "Calamity affected, resurgent Japanese".
If no updates happen, I may be busy. Take care of each other.
Wednesday, March 16, 2011
Nifty PreMarket View.
Above 5440(day's pivot, above 5472(weekly pivot), BUY & Trade.
Hour channel and "b - d" line comes @ 5505-5525. Above these, strength to take Nifty to higher levels.
For the day weakness is only below 5435, the low recorded at the gap down of monday as well as 15th Closing hour's low.
Hour channel and "b - d" line comes @ 5505-5525. Above these, strength to take Nifty to higher levels.
For the day weakness is only below 5435, the low recorded at the gap down of monday as well as 15th Closing hour's low.
Tuesday, March 15, 2011
Bool gaya sab kuch...yaad nahin ab kuch..
Do your own math, if you have any discipline left in you..
Follow up on all the analysis and know when to hold and when to trade. And if you do not know it...after one or two losses, keep your money safe and stay on the sidelines. Do not work for "daily wages".
Now for the analysis - Silence need not be anger and "Sharing never stops till my last breadth"
Follow up on all the analysis and know when to hold and when to trade. And if you do not know it...after one or two losses, keep your money safe and stay on the sidelines. Do not work for "daily wages".
Now for the analysis - Silence need not be anger and "Sharing never stops till my last breadth"
Nifty Intraday Update-I
Nifty has taken support @ Monthly Pivot/ Week Low ema-5370 currently. If moves below it, 5309- earlier "Budget day low" as well as Channel bottom is the next support. Below 5309, new lows will be possible.
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