Friday, December 10, 2010

WHERE IS THE BOTTOM ?


OUR 9th DEC RECOMMANDATION OF 5800 NIFTY FUTURES ACHIVED.


AFTER THIS OUR READERS ASK ME THE QUESTION OF 


WHERE WE BUY THE STOCKS ? 

or

NIFTY FUTURES LONG ?



I TURN THIS QUESTION WHERE WE BUY IN TO 




WHERE or WHAT IS THE BOTTOM 

OF THIS DOWN TREND?



NOW SHORT TERM TREND OF THE MARKET IS IN DOWN TREND. AFTER THE FRIDAYS (10th) RECOVERY I THINK IT IS A SHORT COVERING ONLY. 

THE TURNING POINTS ARE 5895 AND 5915 MARKET CLOSES ABOVE THIS ONLY THE SHORT TERM TREND MOVED IN TO POSITIVE SIDE.

SO I THINK MARKET MAY MOVE TO THE BOTTOM OF  5560 IF IT BREACHES IT GOES TO 5420. BELOW THIS MARKET MAY NOT GO DOWNSIDE I THINK.



SO THESES LEVELS ARE THE BOTTOMS SO YOU WANT TO BUY STOCKS or NIFTY LONG POISTIONAL TAKE HERE POSSIBLE THE MARKETS GO BEYOND THE NEW HIGHS.

IF THIS BOTTOM LEVELS  ALSO BREACHED THEN THE LONG TERM ALSO GOING TO BE NEGATIVE SIDE SO IF THERE IS A UP MOVEMENT IN THIS LEVELS ONLY YOU CAN BUY.


No comments:

Post a Comment