| Topic : Trend Analysis Of Indices |
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Banking & Insurance Professionals |
Investment Hub |
Equity Investments: Hot Stocks |
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3 comments
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last activity : 07 06 2010 20:18:04 +0000
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Both Nifty & Sensex have made 52 week high creating a euphoria for the bulls. All seems to happy & rosy but the veteran intraday traders are are not able to make money...due to crazy moves of volatility. Interestingly" Last week Friday bullish candle will definitely whet the appetite of bulls to push BSE Sensex upwards. Currently bulls seem to be victorious. If bull win, we may see new highs " has indeed come true.
As retreated many times on this blog by me " The horizontal channel of 13500 and 15600 seen in the BSE Sensex Daily chart is where the real war is being waged. The horizontal trench or trend channel where the tussle between the bulls & the bears is happening is the current kurushektra." We have passed this test...but not with flying colours as the volumes are not good enough and hence a bit of concern. A savvy investor or positional trader should now keep a close watch on the price movements of his or own stocks. The large Caps have not given any good moves..except IT sector, Auto Sector ..& Realty sector.
Technically we are observing a big bottoming pattern in the BSE Sensex daily charts. It has been labelled as a Big Inverse Head and shoulder.....by many experts and on various blogs...and few feel that this horizontal trend channel is a distribution pattern. The pattern in the daily charts is a definitely a bottoming pattern but few more confirmations are needed yet to ascertain that. Sector rotation is seen and mid-cap and small caps seem to have taken a mantle of leader. Also many stocks are moving into newer price orbits.
http://suchitaambardekar.blogspot.com/2009/09/bse-sensex-trend-analysis-140909.html
From Suchita Ambardekar
http://www.suchitaambardekar.blogspot.com
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yes, this is the right time to buy copper, but do so with stop loss in case one takes a trade in MCX.. In case of investments and physical delivery in copper, this is the right time to buy copper and may add more on more weakness. |
Thanks all of you for such nice comments.. |
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