Saturday, May 21, 2011
Make those tough choices for the life you desire.
Brothers Michael and Chris were both born in the early 1960s and grew up in a mostly black neighborhood in Richmond, California, right outside of San Francisco. Both boys were well behaved in school and brought home mostly A's on their report cards all through grade school.
Friday, May 20, 2011
Thursday, May 19, 2011
Nifty PreMarket View
There are two short term views at work:
A 5-wave down move is nearing its end around 5350-5395 to be followed by a retracing bounce in the form of "abc" in the coming days to be followed by another big fall in June.
The 1st wave completed @ 5444 followed by a retracing "abc" done @ 5605 and the 3rd wave is on within which the (1) is nearing its end around 5350-5390 to be followed by a brief rally to 5500(+/-) and the next big fall is around the settlement or in June.
A 5-wave down move is nearing its end around 5350-5395 to be followed by a retracing bounce in the form of "abc" in the coming days to be followed by another big fall in June.
The 1st wave completed @ 5444 followed by a retracing "abc" done @ 5605 and the 3rd wave is on within which the (1) is nearing its end around 5350-5390 to be followed by a brief rally to 5500(+/-) and the next big fall is around the settlement or in June.
My critic too concurs that this settlement will end at its lowest considering FII's relentless selling. This does not mean there will not be any rallies but they will meet with selling.
Large cap stocks have been logging into major downtrend and getting sold off with big volumes. If there are any changes noticed as the prices unfold, we'll discuss them at appropriate time.
Follow the Tech.table & JNSAR.
Wednesday, May 18, 2011
Nifty PreMarket View
I would be busy for few hours with personal works.
Trade the prices as reflected through Tech.table.
Trade the prices as reflected through Tech.table.
"5469-5470"-Day & Month Low ema are strong resistances above 5460-Day Pivot.
5509-Month Low ema is the next strong resistance.
Close prices alone determines the technicals.
Tuesday, May 17, 2011
Nifty closes below all emas & breaks 5480.
Simple parameters help us to identify the trend. Simplicity calls for following such a trend. Though we could try to assess the likely targets, markets decide otherwise.
All a trader could do is to part book @ perceived support areas and follow the market with the remaining positions till "an exhaustion is noticed in the higher time frame". Note here that higher time frame Technicals are turning down.
There will be bounces but there will be deeper falls.
As long as the closing is below High emas, it favours bears. Whenever it closes above Low emas, a "pause" is indicated.
All a trader could do is to part book @ perceived support areas and follow the market with the remaining positions till "an exhaustion is noticed in the higher time frame". Note here that higher time frame Technicals are turning down.
There will be bounces but there will be deeper falls.
As long as the closing is below High emas, it favours bears. Whenever it closes above Low emas, a "pause" is indicated.
For detailed analysis, refer the excel file uploaded at the side bar of this blog under EW/TECHNICAL ANALYSIS as JustNifty TA(18) & BankNifty TA(18).
Nifty PreMarket View
JNSAR Values for Nifty-50 stocks are corrected now.Pls. take note of them & the new file uploaded.
Monday, May 16, 2011
Nifty continues in the sideways mode eluding the momentum.
5350-5400 seem to be a short term bottom, below which bigger falls will unfold.
VIX seem to indicate rise of fear but price has held the 5480 support today.
VIX seem to indicate rise of fear but price has held the 5480 support today.
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