Stocks To Keep A Close Eye On

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cnbondre

Well-Known Member
Keep tight stop losses on your intermediate term stock portfolios - SMA 9/100 crossover to the bearish side looks confirmed on Nifty charts. Watch how the next 1-2 days pan out. Savant had mentioned the importance of 9/100 on daily charts multiple times in this thread ....

Regards,
Enygma.
Hi,

Enygma,

Thanks a lot for your concern and timely advice.

Regards

cnbondre
 

chaitanyagoa

Well-Known Member
Re: Stocks To Keep A Close Eye On - Chapter II

I would personally recommend everyone Not to go LONG on the market until the market closes above the 49420-4940 Levels. In the past week it has toouched that level multiple times but has failed to keep up and crumbled to the selling pressure at that level. 02-02-2010 is a perfect example...

People who are going Long... Please be Cautious:)

Thanks and Good Luck
 

saivenkat

Well-Known Member
Re: Stocks To Keep A Close Eye On - Chapter II

I would personally recommend everyone Not to go LONG on the market until the market closes above the 49420-4940 Levels. In the past week it has toouched that level multiple times but has failed to keep up and crumbled to the selling pressure at that level. 02-02-2010 is a perfect example...

People who are going Long... Please be Cautious:)

Thanks and Good Luck

Yes, Chaitanya..
on 25th of Jan nifty hit a low of 4983
27th of Jan nifty hit a low of 4833
29th of Jan nifty hit a low of 4766
1st Feb nifty made a low of 4827
2nd Feb nifty made a low of 4830

Whereas the 150 DMA of nifty hangs around 4830, what i feel is that till now what we have witnessed is not the actions of bear market, but when nifty breaks and close below 4830 for two days in a row, then the real bear market is to start.
Regards
Saivenkat.
 
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