Trading with Volume Spread Analysis (VSA)

[bunny]

Hi Nimish,
your chart says, mid term and long term are down. isn't that a problem?

though it says short term trend up, the short term indicators may change quickly !

Hi Rajesh,
Why have you stopped updating the market Buzz and Gossip thread?

 

[rajeshn2007]

Hi Rajesh,
Why have you stopped updating the market Buzz and Gossip thread?

Hi Bunny,
atleast someone has asked about it
there was buzz last week about bpcl oil find. More such oil find news is yet to come.

 

[bunny]

Hi Bunny,
atleast someone has asked about it
there was buzz last week about bpcl oil find. More such oil find news is yet to come.

:thumb:

Please continue that thread.

 

[chaitanyagoa]

I think there is no need to worry about yet. The volumes have started to pick up and i believe we have found a bottom at 4670 levels. Dow even if it falls today but below 1% is long due for correction it has been going up since 98300 levels. 600 points up move without significant correction. Similarly UK FTSE is yet to see any correction from its up move started at 5033 and now Trading at 5320 levels. Here are some attachments of nifty why I believe we don't have a sell signal yet.

I have Dow FTSE and other international daily charts most of the western markets have broken the resistance and should move up but there is a every chance of 0.5% to 1% correction not more than that. Unless we see dow falling 2% today I wont be convinced we are going down. Last 3 days Dow has gained around 3% + FTSE has gained around 4% this week.

I too feel the worst is behind us.... It was good to see the 4830 holding up yesterday......:thumb:

the main reason for the under-performance of Nifty is the lacklusture performance by the banks. For some reason the bank Nifty is under-performing...:annoyed:

Thanks

 

[adultvish]

sir, I beg to differ. I wanted to respond during morning but did not so as to take time to understand what you are saying and also to see if the market is responding as you have analyzed.

JP associates - since 5th feb, the stock is taking its support with volumes. Now the volumes are reducing while the stock is moving up; that is selling pressure is not there on the up move. it is likely to touch 138-143 within next couple of weeks.

HDFC Bank - double bottom with strong volumes. Today's volumes are less while the candle denotes selling pressure. But the selling pressure is backed up by very low volumes; in other words, it is not gonna make downmove successful. 1700-1750 are expected targets for it within next couple of weeks.

Sterlite - still doubtful regarding any upmove; but even then could not be shorted. the bulls and bears are at par as per the todays candle; the downside is very limited while the upside is open. any positive move with volumes may cause pain to shorters.

Unitech - chart speak of itself. strong volume upside white candle with support in back ground. no stoppage till 80, thereafter, it has to be analysed again. shorting can be troublesome.


Nifty - very risky at this time to go short. Today's volumes were less but the bar was quite positive. It may denote two things, either the upmove is not backed up with proper volumes OR the backing up with volumes have already been there in the back ground. I am depnding upon the latter. If foreign markets donot play any joke, there is no stopping in nifty till 4876 and then 4951.

JP associate already fulfilled the target of 138 and now profit booking
HDFC bank has touched the high of 1700, closed at 1693; expecting to be close above 1700 before any profit booking takes place
sterlite, rechecking the support, consuming the supplies and is expected to move up for its targets
Unitech - made a spring board. will move up without any ioda of doubt.


great, VSA working fine for me

 

[bunny]

JP associate already fulfilled the target of 138 and now profit booking
HDFC bank has touched the high of 1700, closed at 1693; expecting to be close above 1700 before any profit booking takes place
sterlite, rechecking the support, consuming the supplies and is expected to move up for its targets
Unitech - made a spring board. will move up without any ioda of doubt.


great, VSA working fine for me

Great! BTW what happened to DLF?

 

[bunny]

Unitech - made a spring board. will move up without any ioda of doubt.

According to you, there was "no stopping" for UNITECH until 80. Then what made this scrip make a low below its 6 months closing low? Also, a spring board is on low volume, not high volume.

 

[bunny]

Still bearish.

Still bearish.

 

[bunny]

Still bearish.

Scion uncle, where are you? Today I am feeling alone because no one is saying "Copy paste copy paste Copy paste"

The top 3 gainers on NIFTY were: HINDALCO, TATASTEEL, HEROHONDA.
And top 3 losers on NIFTY were: IDEA, UNITECH, DLF

 

[nimish_rulz]

Scion uncle, where are you? Today I am feeling alone because no one is saying "Copy paste copy paste Copy paste"

The top 3 gainers on NIFTY were: HINDALCO, TATASTEEL, HEROHONDA.
And top 3 losers on NIFTY were: IDEA, UNITECH, DLF

When did u say Hindalco, Tata Steel, Herohonda are going to go up? Your analysis of Nifty is not that correct. U said bearish since 4700 and now we are at 4851. Today lots of shorts were triggered only after reaching the major resistance at 4920 levels. Also in the morning when Nifty started to fall it was more to do with the European Markets which were red but now they are green and so is Dow futures. If u see the volumes today it was significantly lower than the last weeks.

U said JP associate is going to go down it went up to 135 levels today at one stage.

Futures is in Premium I believe the breakout is on the cards. Most of the world markets except China which was closed for the entire week last week have all gone up by 3-4% except our markets it looks good to go up.

I respect your analysis but I still dont get the reason behind your call. Just saying u feel is not that correct. If you have spotted something please share with us. Many thanks