will it be advisable to buy put or short nifty futures due to following reasons?

[sachin divase]

Traderji Sir,
Negative divergence is formed on macd(weely) for nifty.
Daily macd is in sell mode.(from 21 feb 2005).
Weekly macd is on verge of to give sell signal.
Will it be advisable to buy put or short nifty futures?
or wait till budget impact on the market.
Post your valuable comments.
Readers comments will be apreciated.

 

[Traderji]

Traderji Sir,
Negative divergence is formed on macd(weely) for nifty.
Daily macd is in sell mode.(from 21 feb 2005).
Weekly macd is on verge of to give sell signal.
Will it be advisable to buy put or short nifty futures?
or wait till budget impact on the market.
Post your valuable comments.
Readers comments will be apreciated.

Good analysis Sachin,

It would be better to go short (or buy nifty put) before the budget (ie on 28th Feb ) than wait for after the budget is over.

 

[sachin divase]

Dear Traderji,
Thank you very much for valuable guidance.

 

[amgandhi]

I Am Interested In Learning The Technical Analysis Of Indian Stock Market And Hedging Through Derivatives, Please Guide

 

[sachin divase]

Dear Traderji,
Due to increase in nifty(42pts),on daily charts all indicators have turned
upwards.Rsi(14) and it exp mov avg has crossed ,macd(daily) is on the verge
to give buy signal if nifty closes sligtly higher.Yet i have not taken any short
positions.What you suggests in this situation?

Please post your valuable comments.

 

[Traderji]

I Am Interested In Learning The Technical Analysis Of Indian Stock Market And Hedging Through Derivatives, Please Guide

You can start off by reading the following Recommended Books on Technical Analysis recommended by us.

 

[Traderji]

Dear Traderji,
Due to increase in nifty(42pts),on daily charts all indicators have turned
upwards.Rsi(14) and it exp mov avg has crossed ,macd(daily) is on the verge
to give buy signal if nifty closes sligtly higher.Yet i have not taken any short
positions.What you suggests in this situation?

Please post your valuable comments.

I would suggest you to wait for close on 01st March 2005 before taking any trading decisions.

 

[amc]

I would suggest you wait for a close above 2110-2120 before going long on the NIFTY!

 

[amh]

What is your technical view now on the market now on the market. Can we short nifty in small lots at about 2095-2100 levels with the stoploss of 2111-2115. Traderji please advice.

 

[Traderji]

What is your technical view now on the market now on the market. Can we short nifty in small lots at about 2095-2100 levels with the stoploss of 2111-2115. Traderji please advice.

You can short the Nifty at these levels with a stoploss at 2121.00