Monday, November 10, 2008
POSITIVE CUES
As expected Asian markets are responding to US clues and trading in the positive territory. As suggested in the weekly technicals nifty will face resistance in the range of 3085 to 3240. Trade with the trend , till a reversal or weakness is in place.Book profits if any have been left out and wait for good dips to enter again for bounce up. Supports and Resistance levels have been clearly told in the weekly technicals. Cheers.
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1 comment:
Hello Sir,
Please tell me how can I find the trend of the market in Intraday Charts and Eod Charts of Nifty to take short or long trades? Main Problem is in Intraday Charts.In Eod Charts I use 200 MA to find the Overall Trend and 20 MA to see the very short term Trend. In Intraday Charts I use 20 min MA to find the trend. Please tell me whether I'm right or not?
Main Problem to find the trend is with Intraday Charts. I use 20 Min MA. Suppose in Intraday Charts Price is above the 20 min MA and US Futures are also in Green and Stochastic also giving Buy Signal and I take short call in vice versa case. I'm right or not?
regards,
Deepak Bhardwaj
bhardwaj727@gmail.com
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