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Todays Analysis ( 07/15/08)
Date 07/15/08 time 9.33 pm
Hi All,
The day started off with a bang and icicibank and suzlon which we had shorted at 581 and 197 yesterday were covered early in the day at 545 and 189 respectively. The day though was not so easy to trade. Through the day there were quite a few instances of stocks coming close to giving a signal on my systems and then not being able to satisfy all the conditions and hence not becoming valid sells. This happens towards a trend change time. I was extremly cautious through out the day. But at 2.00 pm something unusual has happened, i got a signal in infosys to short it and that went abegging at 3.00 this clearly showed that the bears were losing it. Then came the final half an hour, in a flurry of activity stocks fell like ninepins and we had a battered closing. The post closing has jumped up substantially, and as i write this i think ( am yet to check on systems) tat only sterlite became a sell signal on day charts. I have given it out as a signal.
Oil has come crashing down and yet US markets r not going down below the psycological level of 11000, if that were to happen it will be curtains for the bulls tomorrow. if not then we will see them come out tomorrow, if they dont do so tomorrow, just forget the bull story from there on. Its their last chance and i mean it.
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sinn fien
Neeraj B
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