Hi All,
200 DMA is very imp and Reliable Level for entry/Exit for Long term investers. For example Recently Nifty just bounced back by just touching 200 DMA level 2 days back.
If we dig the history, in Jun/July 2006 Nifty bounced back by kissing 200 DMA Level. that time Nifty was at the level of 2600. This kiss led Nifty to 4200 in Feb 2007 without any hurdle. In March 2007 Market started falling and Nifty touched 200 DMA 3 times and jumped up to 6000 levels in Jan 2008.
Further, After market fall in Jan 08, It again bounced back by touching 200 DMA at 4600 Levels in Mar/Apr 09 and reached upto 5200 levels.
Clear crossover of 200 DMA was at the end of June 08. This lead Nifty to 2200 Levels in Nov-end 08 without any hurdle.
May end 2009 was the latest 200 DMA crossover of Nifty. And we are upside till then. This is the tIme when Nifty is taking support to go up. Otherwise WE WILL HAVE DOWNTREND FOR SURE.
200 DMA is very imp and Reliable Level for entry/Exit for Long term investers. For example Recently Nifty just bounced back by just touching 200 DMA level 2 days back.
If we dig the history, in Jun/July 2006 Nifty bounced back by kissing 200 DMA Level. that time Nifty was at the level of 2600. This kiss led Nifty to 4200 in Feb 2007 without any hurdle. In March 2007 Market started falling and Nifty touched 200 DMA 3 times and jumped up to 6000 levels in Jan 2008.
Further, After market fall in Jan 08, It again bounced back by touching 200 DMA at 4600 Levels in Mar/Apr 09 and reached upto 5200 levels.
Clear crossover of 200 DMA was at the end of June 08. This lead Nifty to 2200 Levels in Nov-end 08 without any hurdle.
May end 2009 was the latest 200 DMA crossover of Nifty. And we are upside till then. This is the tIme when Nifty is taking support to go up. Otherwise WE WILL HAVE DOWNTREND FOR SURE.