Dear Frends be cautious, Keep ready calculation of past 4 days moving average of Lows & Highs of nifty (e.g. 4 day moving average from 09.09.2008 to 12.09.2008 = for highs is 4422, for lows is 4319 ) hence this level should be treated for mondey, if on 15.09.2008 nifty remained trading bellow 4319 then avoid buying, buy only on that day when nifty comes above 4 day moving average of lows for the first time. similarly the day when nifty comes bellow the 4 day moving average of highs for the first time, sell without thinking any if and but . in this way keep calculatons ready for moving averages of high low for the next day as a kee factor.
Please do remain visiting following websites also ................
(1) http://www.icharts.in/charts.html...............
(2) http://truedataindia.com/index.php?sid=dinf5vrv19icmsrhgj85u6ur35&p=15...................
(3) http://niftylivechart.blogspot.com/2008/03/interactive-nifty-live-chart-yahoo.html..................
(4) http://niftyintraday.googlepages.com/nifty50...............
In the first website closely watch macd, divergence & slow,fast stockastics on EOD basis for deciding the day when to buy and when to sell. in the rest of websites closely watch intraday slow,fast stockastics for deciding exact time when to buy and when sell. Presetly I suggest not be in hurry in buying upto 25.09.2008. Please don't beleive on any paid tips advisers, astrologers all are silly and they want to cheat you only they can never be well wisher to you. Had they would have been so much intelegent in the market then instead of runing advisory serveice of just Rs 1000/- PM they would have themselves been earning a lot in this market. every body remains advising stop loss, think when you always remain incurring loss buy triggering stop loss then when you will earn. therefore try to become self independent. Never be gready, never try to save brokerage, sell immidately when ever you find sell signals. One more thing, this market will remain unstable for a quite a long time untill 50 day EMA does not comes above 200 day EMA. these EMAs you can also find in the first website suggested above by selecting periods in the lower left boxes. hence till then you have to trade carefully. I NEVER MENTION LEVELS OF NIFTY BECAUSE THERE ARE GREATER CHANCES THAT THOSE LEVELS MAY NOT COME AND YOU MAY REMAIN WAITING FOR BUYING OR SELLING, I DISCUSS ABOUT SIGNALS OF BUYING AND SELLING BECAUSE THESE ALWAYS COMES PERFECTLY. best of Luck. ( edited on 13.09.2008)