Wednesday, February 3, 2010

Bank Nifty..Downtrending..

It is clearly in downtrend.
Utilise short term bounces to sell.
Notice how last two days, it was sold into at the day High ema(8712).
A daily close below its "Day low ema" will drag it further down.

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Tuesday, February 2, 2010


Holding 570-580, this one is headed for 600-610+
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Many stocks have already moved up after showing positive divergence and it could be the day for "CAIRN" with positive divergence and the completion of a wave form.
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Monday, February 1, 2010

SBI & Bank Nifty

SBI poised to move out of the channel in the short term. A move past 2055 will lead to the next resistance zone of 2150.

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Sunday, January 31, 2010


DLF, like Nifty, is closer to a short term bottom with its "iv" wave on. On the completion of the "v"th wave, it will reverse up.The impulsive or corrective nature of that reversal will determine the magnitude of that up move.
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