Tuesday, September 22, 2009

“The stock market is always there. It has been there for centuries, and it lives longer than anyone of us here. Therefore, don’t rush and trade all your capital like there is no tomorrow.”

Tuesday, September 15, 2009

SHORT SHORT NIFTY



Charts are showing negative divergences in weekly charts (RSI,MACD). Weekly stochastics have moved into the overbought region. In the last 3 trading sessions, daily stochs has moved from the oversold to bought territory

Nifty has crossed 61.8% Fibonacci retracement of the entire fall of 2008 and now entered into a buying phase (for most retailers) while Sensex didnot and is currently just holding onto that level
What i am Seeing is Maximum 100-125 Points Upwards(Rare Case)....Then straight Down Trend To 4500-4600 Levels