Trading with Volume Spread Analysis (VSA)

[nimish_rulz]

Bunny i agree that with up bars vols should be increasing to indicate strength.. but in addition one has to have the overall perspective about the scrip's chart too . JP has fallen from 168 levels , and quite a bit , so an upmove now with increasing vols shows... IMHO.. that buying interest is back , and is backed by vols .. hence the stock has the potential to go up close to it's previous high ... the end point of whihc will be shown on charts ..

just my too bit... BTW u guys might want to keep an eye on IVRCLinfra too..which has got hammered like JP and has just turned .

BTW..US showing strength..as in europe ..greece problems solved ... industrial numbers for december are encouraging.... so we shd have a good upmove on Monday ..Inshallah !

Markets are tanking now...lot of profit booking...Germany had disappointing numbers out today and so did Italy which raises concern over recovery now. Dow Futures is red by almost half a percent or slightly more. Euro is falling off the cliff with down almost 1.5 cent to a dollar. I expected some profit booking today. Hope our markets were open today as would have tested 4900 levels. Now chances are that Asia will open lower on Monday and India would go down again if Dow closes lower. Hope it doesnt break 10100 levels.

 

[bunny]

JPASSOCIAT, HDFCBANK, STER, UNITECH are prospects for short selling in F&O. I am expecting more downside in NIFTY. Hedge yourself if you are long. The Dow is down 0.35% at this moment.

Maintaining the above, and also recommending to sell or short-sell RECLTD with a closing basis stop-loss 781(cash market) and target 725. ROLTA also looks weak.

 

[cmak]

Maintaining the above, and also recommending to sell or short-sell RECLTD with a closing basis stop-loss 781(cash market) and target 725. ROLTA also looks weak.

By RECLTD you mean Reliance Capital????? The actual RECLTD value is 223....

 

[bunny]

By RECLTD you mean Reliance Capital????? The actual RECLTD value is 223....

RECLTD is for Rural Electrification Corp. Ltd. I am using the NSE ticker symbols in this thread.

 

[chaitanyagoa]

RECLTD is for Rural Electrification Corp. Ltd. I am using the NSE ticker symbols in this thread.

Get ready for another Thrashing of the markets today! Unless some miracle happen!!! The US can have a big down :annoyed:day today

The new China song has just begun.....

 

[nimish_rulz]

Get ready for another Thrashing of the markets today! Unless some miracle happen!!! The US can have a big down :annoyed:day today

The new China song has just begun.....

This is amazing...PIGS(Portugal Italy Greece Spain) Or China...the Bears are looking for a reason to hammer the markets. Btw I feel that like last friday we might see a lot of buying sub 10000 levels and close above 10100 that would be great as it would make a strong support sub 10000 levels. But lets see how it pans out.

 

[nimish_rulz]

The most amazing part is China closed green and doesnt open the whole of next week due to the Chinese New Year!

 

[nimish_rulz]

Guys Euro is recovering at a massive clip was down almost 1.35 cents and now close to just 0.5 cents that is a massive recovery in terms of a day. GBP was 0.98 cents down now only 0.4 cents. Maybe chances of Dow rallying from its low today is getting more optimistic. And even gold is recovering low of day 1077 now 1085. Lets see what happens. But the fall in these were the reason for fall in market the excuses were China PIGS etc. Keep a close eye on the currency movements.

 

[chaitanyagoa]

The most amazing part is China closed green and doesnt open the whole of next week due to the Chinese New Year!

This is one good thing that might help stocks rally next week.... people are finding all the reasons in the world to hammer the BULLS .....

I just hope the critical level 4700 hold... Else all of us should take the back door....

 

[adultvish]

This is one good thing that might help stocks rally next week.... people are finding all the reasons in the world to hammer the BULLS .....

I just hope the critical level 4700 hold... Else all of us should take the back door....

don't worry bro, its not only gonna hold 4700 but much expected to go suitably up.