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Weekly close we need to watch closely...
By looking at weekly chart of sensex you can see we are closer to the top of the weekly bar line and it is this weekly close we need to watch closely. We could be shaping up for a repeat of 2006 - Q2(Mid April) with a one week spike below the trend-line.
Short-term bearish indicators are still in place with the MACD still pointing to a downturn and the Parabolic-SAR still indicating a short position. You can see from the RSI on sensex daily chart that the market is oversold, so the near-term downside is anyway limited.
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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train. |
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Let's Play Holi......
After a long time we saw huge green on indices and most of the indices closed in 'green'.
We have to wait and watch to see if this is a relief rally or market has really come out of the woods.
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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train. |
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A pause after the run ..
A pause after the run ..
Today market shed off all its gains and closed down . Bank, IT , Realty and Oil and Gas which performed yesterday saw some selling pressure . Market tried to recover in the afternoon session but ended down in the last session. Going forward we may see some volatility on account of expiry and market may form a base here before showing its hand. Market may remain sideways and it may trend in a range for a few months before a clear uptrend emerges
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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train. |
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A good recovery ..
Today was a another day full of volatility, that market opened on a weak note and slipped down and then Market rallied in the afternoon session and were able to closed at highs. Stocks related to IT, Realty, Power and energy out performed . Mid cap and small cap stocks also rallied.
It was good to see the Shanghai market being closed on positive not after being hammered down for quiet some time.. It was good to see the crossing of some emotional barriers and ate area 5100 is very crucial . This happens to be level near 200 day moving average where conviction may return. If Nifty is able to close above it consistently we may see a good time ahead.
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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train. |
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Back to square one ..
Back to square one ..
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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train. Last edited by sujandesai; 7th July 2008 at 06:35 PM. |
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Another day of disappointment ..
Indices were unable to rally further after a strong gap up opening and slipped down from the high and had a flat closing. It was another surprising day and volumes were disappointing
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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train. |
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A dull and boring day ..
Today we saw another lackluster day where not much action was seen.Capital goods and Power stocks where hammered.The interesting part on market action is despite all the fears of inflation and all negative news Nifty held 4740-4750 many times during the day. All the global markets are showing strength and today Asian markets again closed with positive gains.
Going forward we may see Nifty trading in a narrow range for a few months. At present this range is 4750 - 4950.
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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train. |
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Yet another volatile day..
Today was yet another day when market closed at higher levels.after closing at lower levels on Friday we saw today market closing at higher levels. Frontliners from IT, FMCG, Pharma,Telecom, Banking, Oil, and Realty saw some buying.Mid cap and small cap also closed in the positive territory.
It is advisable not to trade in these conditions. Market will get stabilized after a time as the selling will get exhausted at some point but it may take a few months also. Till the time ranged moves are broken in either direction and markets get bottomed out and resumes its uptrend it is safe to stay on the side lines then getting killed in these uncertain times.
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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train. |
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One step forward two steps backward..
There is nothing new to the market behaviour.Yesterday it closed on a positive note. Today it closed down shedding all the gains.Metal, FMCG, IT and Capital goods sector related stocks tumbled down. Yesterday IT stocks had a good run , today they lost the steam. Its very difficult to trade in individual stocks in the present marketing conditions. Sentiments are down and so are the volumes. each rally faces stiff resistance and results in sell-off.
Volumes 08-04-2008 45.59 07-04-2008 46.10 04-04-2008 47.04
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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train. |
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One step forward two steps backward..
It was another day of choppiness and volatility. On account of weak global cues market opened on negative note but soon recovered and found stiff resistance around 4750 area and soon went down . Nifty found support and was able to close at positive. The interesting thing was despite weakness in Asian and European markets our markets closed with some gains.
Beaten sectors like Banking , Capital Goods, Power saw some action. Bhel continues its up surge after being hammered down .Mid cap and small cap stocks also saw some buying and mid cap IT stocks performed well.Realty, auto and FMCG sector saw some selling. Going forward market will look for triggers and a lot will depend on the qurterly results to be announced by the companies.
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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train. |
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