EOD Observation for the 4th February,2010

The bias turned from neutral to negative. The selling pressure was on fright from the word go. The pressure continued with increasing volume. There was no sign of any support. Down below we have 4805 a unproven support. The proven support below is 4740. Would not surprised if we breach 4800 levels tomorrow.

NIFTY is still in cycle mode though the minor trend is down.

Sir, how do we adjust the data for 06 Feb 2010(Saturday), when there was special trading for 90 mins? Right now, I have not imported that data, but if if we should, how should we deal with the quotes?

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Hi Bunny,

Personally I would prefer to ignore the trading of Saturday. It only serves to distort the technical charts. A chartists nightmare..

regards

EOD Observations for the 5th of February

Blame it on the EURO, Market took a deep plunge. Opened with a huge gap down. Towards the later half of the session we did see some support coming in. 4700 a very old level could provide some support. But it is definitely not a strong one. Nifty is safe above 4714. The Nifty is still in cycle mode…

EOD Observation for the 8th of February , 2010.

The day started with bearish outlook. But buying came in slowly. Then we see supply disappearing and naturally followed by a effort to move up bar. This was followed by some good buying pressure with good volume. Selling pressure make a come back in the last hour.

It is too early to say that we have reached the bottom of the current move. Some of my stuff seems to indicate so. We will be in the neutral zone as long Nifty remains above 4714. The Market mode on a hourly basis is still in cycle mode…

Originally Posted by karthikmarar

EOD Observation for the 8th of February , 2010. The day started with bearish outlook. But buying came in slowly. Then we see supply disappearing and naturally followed by a effort to move up bar. This was followed by some good buying pressure with good volume. Selling pressure make a come back in the last hour. It is too early to say that we have reached the bottom of the current move. Some of my stuff seems to indicate so. We will be in the neutral zone as long Nifty remains above 4714. The Market mode on a hourly basis is still in cycle mode…

Karthikmarar Sir,

It seems to me that-at least- the value of close on the upper side of the short term trend line...As if ,after 1 or 2 bars a powerful upmove will occur most probably...

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kal 5 min ke time frame pe nifty ke 15 lac tak purchase ho rahe the

aaj sirf 1-1.5 lac
today is testing of the uptrend i think
no major selling
thats what vsa suggests...


Dont know if it is right for Nifty as it is an index...but volume speaks...

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Neither Bull ,
Nor Bear ,
Totally Oppertunist .


rajputz

Friends,

There will be no update for the next three weeks. I am taking a short vacation...Back to India .. Home sweet Home..

Originally Posted by karthikmarar

Friends, There will be no update for the next three weeks. I am taking a short vacation...Back to India .. Home sweet Home..

AAP isko short vacation bolte ho??

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