These are my personal musings. These are not in any way meant to be trading advise. To view the full chart, right click and open in a new window.As per my analysis of 12 March 07, http://dusant.blogspot.com/2007/03/nifty-for-12-mar-07.html, we had anticipated that Friday 16 would be an important bottom. And the market seems to be confirming it. Therefore, in all probability, we could also see a short term top on 21 March.
If we see a sharp retracement downwards till 31 March from 21 onwards, then it is a negative sign, as the market would be taking more time to the downside, than the upside. However, these are very early days to say.
On the other hand, we may see a fall from tomorrow and then a halt on 21, and then a continuation of the uptrend till 31 March.
Do not forget the 29 March derivatives expiration, which could also contribute greatly to volatility. Whatever it is, we should now see a trend emerging at least till the first week of April.
Trade happy
2 comments:
gr8 analysis ! but sirji u never suggest how to trade our derivatives !
reg
ketan
Sir,
Can you tell me how can I find the long term and short term trend ? How to conclude / come to a conclusion about the direction of the long term trend as well as short term trend.
Somewhere I have heard that one should use a fast and slow MA ( moving averages) to determine the trend.
Sir, using MA ( slow and fast) solves our purpose? Sir, how period fast and slow MA we must use and they must be simple or EMA ?
Post a Comment