Trading with Volume Spread Analysis (VSA)

[rajputz]

that article was long long away....not to that extent but yes 100-200 points....lets c what happens tomorrow

 

[rajeabc]

that article was long long away....not to that extent but yes 100-200 points....lets c what happens tomorrow

I guess he was referring shankar sharma's article. SS is cry BSE at 12000 since May 21 2009. Let see.

 

[rajputz]

yes...it was on money control, but market cant go to that extent i think....cause it has hardly recovered from 8000 levels....if it goes to that level then possibilities of recession will arise...and goverment will introduce policies to make sure that doesnt happen. the current outlook for FY2010 is that market will rise to 15% at the max, but falling to that level, i wont say is impossible but doesnt seem at the moment....rest market are volatile....its all game of good assumption, sentiment, and herd method....wa cant be so sure...

 

[rajeabc]

yes...it was on money control, but market cant go to that extent i think....cause it has hardly recovered from 8000 levels....if it goes .

Thats what I hoping for , I don't have any position open.But next support is 200 DMA @ 4588 (nifty) . If it doesn't bounce back tomorrow then might go to 4588 . let see.

 

[AW10]

IMO, mkt might bounce back.. but we need to read the strength of that bounce.
Otherwise, it might be just bouncing to make next lower high or right shoulder and will start to come down again. Just compare the Jan-10 chart with Jan-08 chart.. and you will see the similarities.

Lets take each day as it comes, and try to be on the right side of market as professional trader. Let analysts, TV experts guess the next level and earn their bread thru their profession of talking...

I would look forward for Fib retracement levels and key MAverages to show find out project the potential target and take trades where reward/risk ratio is in my favour.
After 5 days of fall of 500 points, odds are certainly against SHORT now. At the same time, any bullish move from here need to struggle the force of bear which was show in last 5 days. Hence it may not be smooth up-climb from here. So I will be trading bullish with caution.

Happy Trading

 

[rajeabc]

IMO, mkt might bounce back.. but we need to read the strength of that bounce.
Otherwise, it might be just bouncing to make next lower high or right shoulder and will start to come down again. Just compare the Jan-10 chart with Jan-08 chart.. and you will see the similarities.

Lets take each day as it comes, and try to be on the right side of market as professional trader. Let analysts, TV experts guess the next level and earn their bread thru their profession of talking...

I would look forward for Fib retracement levels and key MAverages to show find out project the potential target and take trades where reward/risk ratio is in my favour.
After 5 days of fall of 500 points, odds are certainly against SHORT now. At the same time, any bullish move from here need to struggle the force of bear which was show in last 5 days. Hence it may not be smooth up-climb from here. So I will be trading bullish with caution.

Happy Trading

That time it bounced back from 200 DMA . let see this time

 

[bunny]

hi frnds, im having 200 TCS @ 801, SATYAMCOMP @ 115 and SESA @ 415, what do u recommend, to hold or squire off?

SATYAMCOMP - Hold
TCS - Hold
SESA - Watch. My opinion is mostly hold on SESA as I am suspecting that yesterday's fall was a shakeout. Please remind me once again after today's session.

@Superman, hold SATYAMCOMP.

 

[bunny]

Captgolu,
I am assuming you have bought for Feb series, so hold both MTNL and VIJAYABANK.

 

[bunny]

Shankar Sharma has been crying 12K since times I don't remember. He is the favourite of CNBC, everytime the market falls, the article reposted or "bought to the front page".

 

[bunny]

Signs of strength in US markets


The Dow is starting to show some signs of strength, and possibly an bottom reversal in the making.

Last few bars have seen the Dow falling on wide spreads and high volumes. Contradictory to those, many of its components had been showing reducing selling pressure on the same bars. Yesterday bar is an up-bar wide spread bar that made a new low, but closed on the high. Looks like strength.

Not to mention similar things seen in out markets. For ex: HDFC, a component of S & P CNX NIFTY (NIFTY 50) has fallen yesterday on very high volume, but the spread is narrower in relation to the volume.