Still now both bulls and bears are defending and both are not ready to give up. I do have produced mixed view in my blog.
So Far
USD Index looks Bearish – FII's will possibly turn net buyers.
TRIN Oversold levels – Falling trin is considered as bullish
Nifty – Weekly charts looking bearish top formation. Bulls will return only above 4474 and 4600 on weekly closing basis
Reliance – Reliance closed below fresh 4 week low. Alarming sell signal as per Donian's 4 week rule and also lagging nifty
Overall Bulls are defending 4155 levels in nifty and bears are defending 4474 levels on weekly basis. Breakout and sustainability
on either side will confirm the trend direction.
Related Readings and Observations
Interactive Ajaxorized Pivot Table
Introducing another trading pet of marketcalls Ajaxorized Pivot table where an user can search the pivot,support and resistance for a particular stock(more than 1200 NSE […]
Sovle this Simple Infosys Puzzle
Question : Redlines Shows that Trend Lines are Broken So What does it mean Answer : Target : Rs900 in short term, Stop Loss 1,200 on closing basis […]
Nifty 30 min charts – Is it a weak start tommorow
Nifty CMP : Rs 4482 RSI and Stocastic oscillator getting overbought indicating a weak start in tommorow morning(9 th Sep, 2008) RSI(14): 72.6 Stocastic(14) : %K […]
Put writers are bullish despite uncertain environment Looks Put writers are not still in the panic mood to unwind their positions from the 4900PE and 5000PE in contrast they built the positions against the market bearisness. The current mood […]
Bearish Crude Oil Technical – Short term overview Crude (20.09.2013) traded in tight range from last 4 weeks, looks like finding a direction, probably on downward.Now crude is trading around $105.50,as we can see on charts, crude have […]
Nifty September Expiry Begins with Volatility Nifty Futures September expiry kick-started with high volatility. Short term quick flip signals turned positive with immediate supports coming around 11655 levels. Price holding above […]
Leave a Reply