power house for nifty technicals and stock market fundamentals with charts and technicals.
Friday, June 5, 2009
RALLY TODAY 3 MONTHS..LOW TO HIGH
Markets have completed 3 months today from LOW TO HIGH & looked to be having VERTIGO , slipping hard fast from every rise/high.. Distribution was very evident today with profit taking in small /mid caps and INDEX being held in ROTATION with SELECT stocks..So what next..Well we need influx of good funds for any move up as STOCKS now are not as cheap as they were in early March..Also MONEY MAKING from hereon become difficult with volatality setting in with nervousness..My advise to small retail investors /traders is to take a break for a few days and let the market play out..will check charts and try to post something over the weekend for trade ahead..keep visiting ..cheers..
WHAT NEXT
Markets globally are slightly positive, and as BSE sensex registered a high of 15k plus close we may see NSE Nifty too may close over 4600..Still a tight zone..and the range SET now is 4450 on the lower side and app. 4600 at the top..We will be a TAD over bought again over 4600 in Intrday..Take trades as it comes in this Trading zone..enjoy the day ..Cheers
PS: Some friends visiting have been asking for detailed reports on directions/trading etc etc. This is the best we can do on this free site..Detailed Analysis on LEVELS /TRENDS /DIRECTIONS are provided daily/weekly/Monthly for our PAID clients only..and Their funds help us maintain this site and our time..
PS: Some friends visiting have been asking for detailed reports on directions/trading etc etc. This is the best we can do on this free site..Detailed Analysis on LEVELS /TRENDS /DIRECTIONS are provided daily/weekly/Monthly for our PAID clients only..and Their funds help us maintain this site and our time..
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