WHAT DO U GUYS FEEL ABOUT THE MARKET NXT WEEK ? GENERAL GUT FEEL: EW FEEL; TECHNICAL FEEL; NEWS BASED FEEL; EXPECTANCY FEEL ; RETRACEMENT FEEL ; STOCK SPECIFIC FEEL ; SECTOR SPECIFIC FEEL ; FII/DII SPECIFIC FEEL; RBI FEEL;INFLATION FEEL ; ANY OTHER FEEL?
NIFTY CHART GAVE AN EV STAR TO DAY ? EID KA CHAND;KHUSI KA DIN .THOSE IN SHT SIDE AND THOSE IN THE LONG SIDE WOULD TEND TO INTERPRET IT IN HIS OWN WAY. WHICH SIDE R U?
5200 is a good psychological level. Election and Budget month; efforts to show off- that every eco-political thing is hunky dory- is already set to motion. CRR,Inflation,Rupee appreciation, Sensex rise with low volume bore clear testimony to that. Underneeth the veneer how is World Economy vis-a-vis India is positioned ? BRICS and Europe may play a ball. IIP nos in India - does it hold any srprise ? On a Micro Level I dont find the Infrastructure in India augur well to its expectation. A fall of NIFTY by another 100- 150 poimts will be a correction. Below that and sustaining,I will take it as a Trend Reversal.
The weekly 50 DMA point is close. 5269. So when NIFTY is visiting north, it may like to touch the spot.But it is too hot to stay there for long. It has left open its kids behind . 4875 ! So it will revisit them to chk their health a bit. And if it is comfortable, may not like too much of pull-overbought- to go up immediately.After all fear factor - VIX - is gnawing.
The route map-Channel-paves the way for a smooth ride between 5060 and 4800. So a peep here; another peep there. And the trader will gain / loose by collecting /not collecting the trickled down alms in between.
Every day brings with it surprises, Welcome by some. Disdained by others.But that does not stop the day to come with newer surprises.
There is no reason why to day will be different. Stay ready to grab it. Defacto suggesting to play intra day , What to do ! Till Budget / UP election over stick to it. And intermittently buy some Amrutanjan to massage your bruised coffer !!
5020 seems a resistance . A gap up opening yesterday. INDEX does not like it. 4930 and 4875 are supports per my view.
WOW ! UP election Bonanza coupled with no of factors and this is my 1st time to see a clear white gap up Marbozu in NIFTY !!!!
I will not hazard any analysis. Lots of guys have actually, by virtue of their speculation, instilled fear and apprehension !!! I stop short of it. But request the onlookers to have a look at the chart to see what and how a Marbozu looks like. A rare occassion.
A candlestick that gaps away from the previous candlestick is said to be in star position. The first candlestick usually has a large real body, but not always, and the second candlestick in star position has a small real body. Depending on the previous candlestick, the star position candlestick gaps up or down and appears isolated from previous price action. The two candlesticks can be any combination of white and black. Doji, hammers, shooting stars and spinning tops have small real bodies, and can form in the star position. Later we will examine 2- and 3-candlestick patterns that utilize the star position.
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