Prediction About Tommorow's markets

[sudoku1]

exactly, there is no such indicator standalone which predicts markets direction. It should be used along with some other technicals to substantiate your prediction. Dow and asian markets are used to see how could the global markets react and their impact on our markets.

in sum up ,one should ride a trend instead of anticipating it

 

[karunreddy]

rather its other way, one should be ready to accept the change in the trend, if not anticipate the future trends.

 

[radha55]

26th March: I think the market will start falling in a day or so.

The RSI is very high. The market cannot remain for more days at this position.

What do u think.

 

[karunreddy]

the current rally is supported by local buyers especially from Insurance companies rather than FIIs. With yesterday's closing markets reached over bought position. and by todays rally, they are in highly overbought position, which should trigger the correction, if not in this month, atleast in the first week of April.

 

[joy.edakad]

26th March: I think the market will start falling in a day or so.

The RSI is very high. The market cannot remain for more days at this position.

What do u think.

Observe the behaviour of RSI. Usually it stays in Extreme overbought/oversold levels for long time. RSI staying at extreme levels shows the strength of trend.

 

[yasirdxb]

Observe the behaviour of RSI. Usually it stays in Extreme overbought/oversold levels for long time. RSI staying at extreme levels shows the strength of trend.

There are some strategies where Rsi using in conjunction with trend indicators which actually buys an instrument when the Rsi breaks above the so called over bought levels.

 

[sudoku1]

There are some strategies where Rsi using in conjunction with trend indicators which actually buys an instrument when the Rsi breaks above the so called over bought levels.

right...
1 can also play RSI in lay terms along with averages.
for eg.buy when rsi crosses 55
& sell when it dips below 45

 

[cdud]

Dudes
it's time to rock :thumb:
go long. close all shorts.
Why? US government invested possible amount in markets, they know how to
get profits from markets. guess what

 

[karunreddy]

when RSI stays in oversold position for longertime, its an indication that investors are optimistic on the markets, which itsself gives for change in the direction.

Guys, does anyone of u tracked put/call ratio. If so, let me know the observations.

 

[radha55]

All technicals are going long.

Something big is going on in market.

Really cant say what will happen.

I m purchasing PUT from last 4 days.

Now i m forgetting that money.

already made a loss of 2000+ in this month.

What u guys think.