Bulls, Bears & The Lion

[AlokTewari]

Vikas

Nifty has closed above 200 DMA after staying below for just a day. It is definetely no longer bearish now. Infact if it manages to stay above 200 DMA for a day or two, 5100 will be broken on upside to open higher targets.

Cheers !!!!

Alok Tewari

 

[findvikas]

Very much possible... I have my targets on both sides and enjoying this range by selling near resistance and buying near support.. whichever side broke I go with the flow

 

[scplindia]

Vikas

Nifty has closed above 200 DMA after staying below for just a day. It is definetely no longer bearish now. Infact if it manages to stay above 200 DMA for a day or two, 5100 will be broken on upside to open higher targets.

Cheers !!!!

Alok Tewari

Markets are very volatile, impossible to say market will go up or down at this stage. Yesterday last 1/2 hour DOW fell by 1 1/2 percent, since we are not following local cues, anything can happen tomorrow. Overall, Global markets look weak, you have two PM of the most developed nations, Germany and Japan, they have resigned. Uncertainity pervails. should trade with high caution as risks are very high.

 

[findvikas]

Not trying to say that you are wrong but just 1 day or even one week of close below or above DMA is good for nothing. Its the trend and the trend of 200DMA never turned downward.

Personally I do not trade 200DMA or 50DMA as they are good for nothing and when they actually turn good (trend also change to the side of close) you have already lost majority of the move.

See this Daily chart and how 200DMA works...

 

[rajputz]

I too agree Vickas. Today is a trend reversal on nifty from bearish to bullish....

 

[findvikas]

One could argue that although NIFTY managed to pull above 200DMA while Sensex is still below it

 

[findvikas]

Did we ever recovered from the recession???? Think again

This is SENSEX weekly chart... Sensex as of today still below 200DMA and look its trading below this long term support line

Pictures speak louder than words....

 

[praveen taneja]

I too agree Vickas. Today is a trend reversal on nifty from bearish to bullish....

:rofl::rofl::rofl::rofl:

 

[findvikas]

So finally Dow operators managed to pull back Europe near flat, like its something new... and now facing some struggle at stiff resistance line...

Only if they manage to break out they can see a temporary rally all the way till 10450-10500 and then a slump below 9800 levels within next 15 days

 

[findvikas]

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