power house for nifty technicals and stock market fundamentals with charts and technicals.
Monday, March 16, 2009
SECULAR UPMOVE
Markets just about have dissipated all the gloom & doom in the last few days..THE HUGE WAR CRY OF BREAKING LOWS BY MANY EXPERTS JUST ABOUT GONE ALONG WITH THE PUTS OI.....(MARKETS MY FRIENDS DID GO AGAINST THE MASSES.)..Well is the worst over, maybe not ,but a lesson from this for traders is markets never fall in a straight line..it did unwind its overtly oversold positions..Hope friends did book their stocks bought down & F N O longs today( We did book most longs now)..We have almost reached the reaction zone around 2810.. , lets see how it fares in the next few days..enjoy the day ..cheers.
WEEK AHEAD
Markets after taking support at 2500 zone moved up, and are moving towards 2750-2800 area.. (keep booking your profits of longs/stocks as we go up )weekly stop reverese should be 2660 for any longs..break of which can take the markets all ther way to 2590 area again. Global cues may define the path ahead in the coming few days/weeks as results season start sometime next month and we go straight into the elections thereon..enjoy the trade ..CHEERS
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