Chinese Stock Markets Shangai Composite(SSEC) is the first to touch and trade above 200 day Moving Average
zone. Which is technically considered as the Start of the Bull Market. Rest all of the world indices are trading far
from 200 day Moving average.
Related Readings and Observations
World Indices Comparision since 2001 Comparision of Indices like Nifty, Dow Jones, Nikkei, Hang Seng, Cac, Dax since 2001
Ichimoku had the power to Identify Bull and Bear Markets Ichimoku montly cloud charts plays a major role in deciding the commencement of long term bull market. The above chart of Dow Jones is a good visible example. i.e buy and hold above the […]
5700 remains the key level to watch in Nifty Nifty is turning downwards after reaching near to the peak of 6000 zone followed by call writing in 6000CE since last friday with higher open interest builtup. Similarly 5700PE also seen a […]
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Nifty Technical Analysis week starting 21st November 2011 There is no thumb-rule that if the indicators are in over-sold zone then it doesn't mean that it will give a certain bounce. When an over-sold or over-bought zone continues for a longer […]
Medium Term View Of Indian Equity Markets The Nifty is presently in minor wave 5 of Intermediate wave (1) of Primary wave (I) of a new cycle which started in March 2009. It completed minor wave 1 at 4693 in June 2009, followed […]
On Chart nexus software , the 200 MA is showing at 2293.Naren