Market outlook for next week

Discussion in 'Technical Analysis' started by krishna_nse, Feb 5, 2006.

  1. krishna_nse

    krishna_nse New Member

    Joined:
    Dec 17, 2005
    Messages:
    1
    Likes Received:
    0
    Trophy Points:
    1
    From elliottwaveanalyst com -

    Short term Outlook (06/02/2006) -

    It was suspected that a short term correction might complete on Friday. It is now being suspected that it either completed in the closing stages on Friday or will do so right in the opening session on Monday. Post this, there should be a rally lasting days. 2912 is a critical level which should not get violated for this view to hold.

    This in short presents a low risk trade setup. Going long in opening trades with a stop loss at 2912 is minimum risk but potentially wonderful returns.
     
  2. sampumu

    sampumu New Member

    Joined:
    Jun 26, 2005
    Messages:
    22
    Likes Received:
    0
    Trophy Points:
    1
    I feel 2906 would be support,pl have comments
     
  3. vsparikh

    vsparikh New Member

    Joined:
    Mar 14, 2004
    Messages:
    26
    Likes Received:
    1
    Trophy Points:
    3
    In my view the correction may be still deeper.May be upto 2870-80 and then the trend may reverse.The various charts indicate that still weekness may continue to these levels.
     
  4. sudoku1

    sudoku1 Well-Known Member

    Joined:
    Oct 23, 2007
    Messages:
    10,898
    Likes Received:
    17,351
    Trophy Points:
    113
    Barring sudden bouts..mkts r comfrtably perchd abv suports.
     
    timepass and del_66 like this.
  5. timepass

    timepass Moderator

    Joined:
    Nov 3, 2010
    Messages:
    18,900
    Likes Received:
    32,090
    Trophy Points:
    113
    Location:
    Idhar ich, aur kidhar?
    Sudoku1, any predictions about BNF ??
     
    sudoku1 likes this.
  6. sudoku1

    sudoku1 Well-Known Member

    Joined:
    Oct 23, 2007
    Messages:
    10,898
    Likes Received:
    17,351
    Trophy Points:
    113
    tho i dont track it closely..refrain frm shortng as of now.
     
    timepass likes this.

Loading...

Share This Page