Monday, September 26, 2011
Nifty PreMarket View
Nifty, Oversold in Hour T/F, has its last major support around 4795-4820.(4820 being its 200-week Sma)
Saturday, September 24, 2011
Everytime a door shuts, push open another...
AT age 10, Julio was a little Spanish boy with a dream. He wanted to play football for his favourite club – Real Madrid! He played all day, practised hard and became a very good goalkeeper.
By the time he was 20, the childhood dream was beginning to come true. He was signed up to play for Real Madrid. And most football pundits were predicting that young Julio would soon become Spain’s No.1 goalkeeper.
One evening in 1963, Julio and his friends set out in a car for a night of fun. It turned out to be a night of horror, as the car they were travelling in met with a terrible accident.
One evening in 1963, Julio and his friends set out in a car for a night of fun. It turned out to be a night of horror, as the car they were travelling in met with a terrible accident.
Friday, September 23, 2011
Nifty closes below all Emas/ pivots.
The weakness in Hour TA, few days ago, started the slide and it has been backed by FII Selling; World markets falling(sentiments); Rupee weakening, making Indian equities unattractive.(One of our reader has highlighted this point two days ago)
Prices have confirmed a reversal in Week & Day. In the meantime, Hour TA has reached the bottom and it could generate once again a bounce/ rally after an initial weakness. If 4795(For BN 9200) is protected and the prices stay sideways for a day or two, it could continue a corrective rise.
Prices have confirmed a reversal in Week & Day. In the meantime, Hour TA has reached the bottom and it could generate once again a bounce/ rally after an initial weakness. If 4795(For BN 9200) is protected and the prices stay sideways for a day or two, it could continue a corrective rise.
As of now, it is down and you trade that way. But keep the alternative option in mind.
If world markets does another big fall, these thoughts will have no relevance as it will be a simple 5th wave down.If not...?
If world markets does another big fall, these thoughts will have no relevance as it will be a simple 5th wave down.If not...?
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