* One can go short below 5345, with the target of 5275.
* Stop loss for shorts can be above 5350.
Sunday, July 18, 2010
Friday, July 9, 2010
No updates till 12-07-09
As I am going out of station,
no updates till Dt.12-07-09.
Take care, Happy trading.
( Please do not call me )
Sunday, July 4, 2010
NIFTY - Weekly outlook.
* 5184.92 is one of the support. If nifty does not respect this support, it can plunge upto 5060.12
* Move above 5320 can lead nifty upto 5391.63.
* Nifty looks bearish at this point of time. On 1st July, Thursday, at around 9.30am warning was posted in the shoutbox along with the chart link.
* In the post of 5th June 2010, fears of interest rate hike was posted. http://dharmeshtshah.blogspot.com/2010/06/global-jitters.html
* Move above 5320 can lead nifty upto 5391.63.
* Nifty looks bearish at this point of time. On 1st July, Thursday, at around 9.30am warning was posted in the shoutbox along with the chart link.
* In the post of 5th June 2010, fears of interest rate hike was posted. http://dharmeshtshah.blogspot.com/2010/06/global-jitters.html
Sunday, June 27, 2010
NIFTY - Weekly outlook.
* Nifty formed a shooting star with relatively smaller tail then expected on weekly chart. If it was formed tagging UBB, then it would have been more bearish. There can be an intra week correction.
* Nifty can correct upto 5225.
* Area around 5185 level will be a good long entry level.
* Any move above 5340 can add some 50 to 60 odd points.
* Nifty can spend some time consolidating before going for a big move.
* Nifty can correct upto 5225.
* Area around 5185 level will be a good long entry level.
* Any move above 5340 can add some 50 to 60 odd points.
* Nifty can spend some time consolidating before going for a big move.
Sunday, June 20, 2010
NIFTY - Weekly outlook.
* Nifty is riding up along with Upper Bollinger Bands on daily charts.
* On Thursady, 17-06-10 RSI 2period on daily chart was 98.85, which could be one of the reason of correction on Friday. SS giving sell signal on daily charts which can be ignored.
* We may see a weak opening of the week, which can lure bears to short, but NO SHORTS AT THIS POINT OF TIME.
* One can open fresh longs near 5185 levels, with stop below 5150, with target of about 5335.
* Closing below 5150, can take away further 100 points down.
* On Thursady, 17-06-10 RSI 2period on daily chart was 98.85, which could be one of the reason of correction on Friday. SS giving sell signal on daily charts which can be ignored.
* We may see a weak opening of the week, which can lure bears to short, but NO SHORTS AT THIS POINT OF TIME.
* One can open fresh longs near 5185 levels, with stop below 5150, with target of about 5335.
* Closing below 5150, can take away further 100 points down.
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