15th june > @ 17412 > BULLS ENTER

[sudoku1]

Re: Sensex TECHNICALS

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sinks on a close below 16840

judgement day 2day>
v have finaly arrived on our voyage wher things look foggy amidst global woes...if it continues so ,v have an iceberg away nxt step...
Market could not have chosen a more inappropriate time 2 begin a decline..... v have the F&O expiry coming up in 3 sessions, RBI's monetary policy review is scheduled towards the end of the week & the deluge of earnings announcements will continue. Extremely high open interest that has risen over Rs 1, 25,000 crore suggests that unwinding of long positions can apply further pressure on prices...... Put call ratio on index options has dropped close to 1. This implies that short positions that can cushion a fall have already been pared in the decline recorded last week !!!!

 

[sudoku1]

Re: Sensex TECHNICALS

the death of the bull>

born> 4th nov > 15912
death> 25 jan > 16780

 

[sudoku1]

Re: Sensex TECHNICALS

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sails on a close abv 17045


Global Cues >dow jones

The sell-off on Friday was accompanied by a faint touch of panic as traders rushed 2 unwind positions as the long-awaited correction finally rolled out..... This change in sentiment is reflected in the sharp spike in CBOE volatility index that climbed 50 % higher in the last 2 sessions, closing at a 2-month high. That this index has breached its medium-term trend line & long-term moving average implies that the current volatility can persist in global markets......
Formation of an evening star in the weekly candlestick chart & the close below its 50-dma denotes that the index can remain weak for few more weeks......

 

[sudoku1]

Re: Sensex TECHNICALS

nift futs >

with traders confused & bears having upper hand....5000 zone may b quite interesting 2 watch as 2 who wins the fort in the coming sessions....

 

[sudoku1]

Re: Sensex TECHNICALS

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sails on a close abv 17045





licking the bulls wounds ?
http://www.mydigitalfc.com/stock-market/lic-pouring-money-stock-market-620

" The person who isn't interested in his fellow beings has the greatest difficulties in life & also creates the greatest damage 2 others."

 

[sudoku1]

Re: Sensex TECHNICALS

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sails on a close abv 17080 2day

major hedge funds selling spree on cards !!!!

on 21st dec ,it was warned frm here that major hedge funds might pull out !!!!

then again a topin the making was warned & a need for confirmation was in the wraps...which finally showed up there !!!
http://www.traderji.com/position-trading/21819-sensex-technicals-224.html

 

[sudoku1]

Re: Sensex TECHNICALS

last close > 16290


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sails on a close abv 16620 2morow
In 2009, any decline in the market was treated by investors & traders as an opportunity 2 enter the market, which led 2 a short squeeze a number of times.....
But it appears from the data points, which have come out in the past few days, that for at least the next few weeks, the bears r going 2 attempt a strike back with a vengeance...... If they r successful, then it is very likely that the first half of 2010 might see sharp erosion in stock prices.....

 

[sudoku1]

Re: Sensex TECHNICALS

nifty futs >

upsides capped abv 5000 levels !

 

[nimish_rulz]

Re: Sensex TECHNICALS

nifty futs >

upsides capped abv 5000 levels !

Can you explain in more details? I believe we might have an up move tomorrow only to fall in first week of Feb.

 

[sudoku1]

Re: Sensex TECHNICALS

Can you explain in more details? I believe we might have an up move tomorrow only to fall in first week of Feb.

selling pressure zone @ 5000/5025......if v manage 2 close abv this zone than only a brief rally xpected in the short term...where as a close below 4775 may drag the indices much lower....