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___,-"::::::::"=._,_@___
\______________________/ sinks on a close below 13360 2day.
High decibel action was already noticeable in the derivative segment last week with turnover hitting the roof in the last 3 sessions. Open interest is nudging Rs 95,000 crore & high Nifty put call ratio indicates the possibility of few short-covering induced rallies this week as well. Fii's however, were quiet last week.
Take some money off the table>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Mostly a ruse by brokerage firms to con investors into selling stocks ( & possibly buying them back later) so that the brokerage firm can collect commissions & transaction fees.
the diff has narrowed vastly fromaround 4000 pts......
it may not keep on contracting to 0 as v cannot catch a top or a bottom....narrowing of diff means mkt is losing momentum.....now it has 2 gather steam or head towards our point..
11_____
___,-"::::::::"=._,_@___
\______________________/ sinks on a close below 13295 2day...
Momentum indicators in the daily chart r rising in the positive zone . The 10-month rate of change oscillator has moved above the 0 line for the first time since June 2008 !!!!
The 14-month relative strength index is also at 57, implying faint signs of a long-term reversal.
any trade that does not work immediately is suspect ......... B slow 2 get into trades, but ....quick 2 get out of trades !!!!!
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\______________________/ sinks on a close below 13550 2morow...
wave counts in Dow & European indices show that the rally from March lows could terminate over the next 2 weeks. In such a scenario, it is difficult 2 imagine the Sensex thundering past 16,000 just yet......
Heightened volatility is expected 2morow as the churn in derivatives makes cash market swing wildly 2........
the only sure thing abt luck is that...........
it will change !!!!