Ster came out of yearly downward trending line with huge volume and closed above 200 days ema... 103-104 strong support zone..
hcl tech looks like 660 is short term top more upside only above 660 ... expect some retracement..
A weekly MACD and RSI chart of both indices shownSome weekness in coming days.So can we accept fear at this stage for expected picture with unexpected move to come down????
Namaste Ilango Sir & Blogmates, Bullish: Was it a consolidation day or change of trend? Based on OI table looks like bears are still not able to make much of a dent…: Option Analysis for 03-12-2012Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal
http://www.vfmdirect.com/forums/show.cgi?topicid=1354267313#1354581273what does this chart say ? how would you read it ? does the market look pretty overbought ? how long can it continue to be this way ?
friends,further to my post above, would be relevant to have a look at the following chart as well-http://chartfeed.icharts.in/ShowChart.php?chartkey=e01a8e64cbdba0bf2e6169879a55bf4e&symbol=NIFTY&period=Daily&log_chart=1&color_bars=1&chart_type=LINE&chart_size=900&period_type=P&pr_period=1Y&id_res=&uind1=SMA&uind1_param=50&lind1=Vol&lind1_param=&lind2=RSI&lind2_param=14