Savant ji ,
I am an silent fan of you , i no need to thank you as you have already many
Also similar to you i am fan of other person rajendra at orkut commumity who has justified as the coming market as explained below ,
Your ADVICE is very much appreciated
From the trin charts it is seen that the first buy signal arrives from the trin chart. When the 10 day of SMA of TRIN dips below 1(Bullishness). i.e when nifty shoots above 2830. At the same time there is a bullish 5/13 EMA crossover happened in Nifty daily charts. Since then market is moving with 13 EMA as base resistance. Whenever market reaches oversold levels(i.e RSI-2 greater than 90-95) Nifty tries to
bend towards 13 day EMA.
As of Now Trin shoots above 1(Bearisness) after Nifty hitting historical circuits. And It is also observed from the charts that Nifty is moving once again towards 13 EMA(3900) line to take it supports. Till now 13 EMA is believed to be the supports for the current trend.
His conclusion for forthcoming days are :
Try to liquidate and exit your position in may itself if nifty resist to fall below 4200 for the next week and Started making any kind of euphoria.
Coz Montly 5 EMA is still at 3300 levels. Strongly not to be good for June Season.
Such a gap is unsustainable i.e nearly 900 pts now between Spot and Monthly 5 EMA