power house for nifty technicals and stock market fundamentals with charts and technicals.
Wednesday, December 23, 2009
SPECTACULAR RALLY
Well these are markets??????? ..had hoped to close tomorrow at 5050-80 zone , but market had other plans , it not only crossed this threshold of 5050-5080 but closed over 5150..Nothing in the technicals could have predicted this move of today ..Well just being on the right side of the trade or the policy of buy in dips , would have helped..(Bad Long Festival Weekend coming for people on the short side of the trade)...lets look at the Market Footprint again during the long weekend..enjoy the day cheers.
CONSOLIDATION
Markets may not be doing much...Option seller smiling as Daily OI is being shed of options..4950-5050 could be this holiday range..trade accordingly..cheers.
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