Sunday, March 27, 2011

What are we Expecting from markets next week

Will history repeat again ???
we posted this..in Nov 2010 ..
Oct 17, 2009 Last Muhurt  Trading ..Same moves , Market  Blasted in 4 sessions and from next day fell down almost 600 points in  next 10 sessions ...but the difference was of month ...That was Oct Month ...




In Oct 2010 Nifty Moved up by making  gap up openings ..in same manner from 6017 to 6312 ...295 points move in 5 sessions..breached 20 day moving average by gap up
And result is well known ...
Nifty fell by 550 plus  points within 14 sessions down to 5690 before closing at 5752

Same story is under progress . Nifty crossed 50 DMA by gap up ...5373 to 5654 281 points in 4 sessions
In Oct too it broke falling channel ...this time to it broke falling channel
major difference is currently closed below 200 DMA..
will bulls attempt to breach 200 dma by gap up next week ???

or close will see  decent fight here at 5650 5700 level in bulls and bears .( cosolidation )

or Bears will start celebration as bulls are under rest above 200 DMA ( Strong resistance 5688 )

what are we expecting about it ???
to know more stay logged in at http://in.groups.yahoo.com/group/dhanvarsha/chat  from 1900 Hrs to 2200 hrs today and 8.45 AM to  3.30 PM on trading days  ...

some more indicators 


No comments:

Post a Comment

Please remember...your comment should not contain nudity or vulger language in addition to advertisement of your blog/site or any product ...and should not hurt the readers emotions...if that will be case it will be removed on first review of admin staff... Regards