Sunil_1972 view on market

sunil_1972

Active Member
#1
Indian market showed expected volatility for the last two days. Hangseng still in 200 Day moving average support line and showing a 'double bottom'. Because of the oversold condition I am expecting a pull back. Today's pull back by Nifty from 4766 is not enough. On the closing basis last two days we up 14 points each only. A bounce upto 5040 is essential for this market.
 

sunil_1972

Active Member
#5
Hangseng and Shanghai resting on 200 Day moving average comfortably. If it breaks..... situations become more worse. But holding this line for some more time will change the conditions favourable for Bulls.
 

sunil_1972

Active Member
#10
Hangseng played a splendid innings in later part and closed above the magical 200 DMA. But the Chinese dragon breakes that line and falling again. But it showed a hammer pattern in the Japanese candle stick theory. If it makes a comeback tomorow surely the trend will reverse. Meanwhile Dow trading positively but still lot more to go.
I am still in a dilemma about our market. For what news we waiting. I dont know. Generally every one now saying about pullback. But.......
I think 200 DMA is inviting Nifty. It today positioned at 4615.
 

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