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oops...two bearish people and one bull..the majority wins...hail bears..LOL...
agree that the RSI, MACD, ADX are all bullish for the NIfty but check its distribution.
The oversold TRINs may lead to shortcovering.. but will we sustain?
Based on distribution and bollinger bands i am bearish....
genius,
Thanks. Okay so you are bullish. My excel says Volatility with a bearish bias....
Hi Jaggu,
I`m not questioning ur TA, but i dont agree that today`s target is 5170, i expect nifty to open GAP down and give a sense of further down side to make light hearted bulls to book loss and all of a sudden rise in the later half but i feel maximum upside will be around 5150 not more than that...
Nifty trin(Daily):. 3.3(bearish)
Trend Indicators:.MACD:.Bullish RSI:.Bullish ADX:.Bullish
Overall JEF (Jaggu Emotional Factor):.tgt for nifty today is 5170...
Hi rupesh, thanks for your warm wishes.
I posted the message of Hitendra vasudev, a technical analyst. they were not my views. I just track hitendra vasudev views.
his timing of corrections are right mostly....
SHIVANI,
Bombay rayon:-
HAS MADE MANY STRONG BEARISH PATTERNS SINCE NOV.20:-
Nov 20, 2009 Price Crosses Moving Average (21-day) Short-Term Bearish AT - 196.80
Nov 23, 2009 Diamond Top Intermediate-Term Bearish AT - 195.90
Nov 23, 2009 Symmetrical Continuation Triangle (Bearish) Intermediate-Term Bearish AT - 195.90
Nov 25, 2009 Momentum Short-Term Bearish AT - 192.40
NOTE:-IT CAN FALL UP TO 142 - 130 IF BREAKS
SUPPORT AT - 189.70
RESIST AT - 196
UPPER TRAILING STOPLOSS AT - 211.65
UP SIDE TRGTS 255 - 267 IF SUSTAINS 196 ABOVE 196 IT CAN EVEN GIVE 20% VERTICAL RISE IN SINGAL MOVEMENT ...
Dear Aru,
How are you man?...
Looks like you forget to send those documents to me, Can you send both PDF documents on to my mail...
My Mail ID: ramsfm @ YAHOO dot CO dot IN
Thanks,
Ramesh....
Dear Rupesh
I have been following you from very long ,
I saw your recom , and i had made money as well ..
Can you pls check the charts of Bombay rayon and guide me on this ,
Shivani...
oops sorry guys for date...
vaish sir,i do trin calculation in excel.. u can go to excelta blogspot. com there u will find formulas for trin.....
visit niftywhatcanhappen dot blogspot dot com for short term trading ideas through Options, Current Stocks which might move RCOM, BHEL, Educomp...
okay i think i can ask you this question...i dont know what i did it to sumit22gupta for the strange behaviour he is throwing up at me... i have no clue at all.. .he used to answer some of these doubts of mine before.... btw whats your profession??.. only recently i came to know your age and that you are a man.. until now i was not sure if man or woman coz you have reacted funnily to both queries.
RBI bought gold at 1040 per ounce and now its 1170.. so they have made a lot of money on gold... if gold were to fall what will happen to markets, to real estate,to rupee etc.. kindly tell me.
...
Russian rouble outperformed its fair convertibility range against Nikkei by 30% on multiple number of occasions in the last 3 years. With Japan economy on the threshold of recovery, Nikkei will outperform rouble by atleast 31% of highest peak attained by fair conversion value index during the next six months or so to maintain equilibrium in cross-continental growth-parity.
Disclaimer : DOW & EURO remain inert to the smaller independent currencies.
/Chindi Chor/
...
The Nifty lost 13 points over the day to close at 5090. A quiet day
of consolidation at the markets yesterday as the indices opened
flat and corrected in the first half down to support levels only to
recover in the second half and close with minor losses. The intraday
decline led to a 38.2% retracement of the rally from 4930
(last Friday) to 5119 levels that is healthy in nature. The set-up is
now ripe for the markets to complete the “V” shaped recovery
(See Exhibit 1 on Page 2) by testing the highs of Oct 09 in the
next few days. A short knee-jerk reaction from those levels is a
possibility before the indices head towards the MT supply zone
of 18000-18300/5270-5300. The process of negative divergence
on the oscillators has started only now and hence the bulls have
some more time to act. The level of 17100/5074 would continue
to act as strong trading supports on a closing basis. The moving
averages are safely placed below the price action while the
candlestick patterns continue to support the bulls. For the day,
support seen at 5074. Overall, the markets look set to blow-out in
the near term and test the recent highs of 17500/5180....
Indian Markets closed down marginally by 0.2% amidst a volatile session. After
opening flat the markets, markets were trading in tight range during the early hours of
trade. However, fall in Chinese market on and weak opening by European markets, led
to selling pressure in the Indian markets. Buying at lower levels and some amount of
short covering led to markets inching upwards but the bounce in the markets wasn’t
strong enough to enable it to sustain in positive zone. Overall, today’s trading was
largely volatile.
Volumes during the day were up by 10% compared to previous day. Breadth of the
market was negative with 593 stocks advancing against 673 declines....
