ANALYSIS BASED ON TECHNICAL PARAMETERS(NO NOISE)
WHAT A DAY IT WAS!!!!
TO DAY NIFTY IN THE MORNING ITSELF WITH A GAP UP GAVE A " LA SOPRESA". DID BIT OF ADJUSTMENT FOR THE ANTICIPATED MOVEMENT....AND "TA-DA"...NEVERMIND...THE MAJOR ATTRACTION FOR DISCUSSION WOULD BE THE DECLINE THAT WE WITNESSED IN THE LATER HALF. AT THE OUTSET I WOULD LIKE TO TAKE YOUR ATTENTION TOWARDS THE SAME CRANKY DECLINE THAT WE SAW IN ALL US INDICES A FEW DAYS BACK AND FOR ME IT LOOKED QUITE SIMILAR...AND THE TOP WAS RESEMBLING THE MAR HIGH TOP AS WELL."WEAKNESS OBVIOUS"...NOTWITHSTANDING HONESTLY I ALSO DIDN'T ANTICIPATED FOR 2.618 RETRACEMENT....ALTHOUGH CORRECTION WAS EMINENT BUT NOT SO SHARP...INDICATES WHAT??? TO CREATE BEARISH SENTIMENTS AMONG RETAIL INVESTORS.THIS IS WHAT I PERCEIVE...THE CORRECTION/DECLINE WAS A BIG THUD!!!...BUT I LOOK IT AS A CORRECTIVE MOVE.THE SELL-OFF GOT ABSORBED IN SIMILAR WAY AS IT WAS INITIATED....FOR MONDAY I WOULD LIKE TO GO BULLISH WITH A GAP UP...AND MAY MOVE CLOSER TO TODAY'S HIGH. I MAY HEAR OBNOXIOUS AND ERRATIC...CAN'T HELP IT...I MAY BE WRONG IN MY ANALYSIS BUT NEVER BREAK THE RULES....
ASSIMILATION FOR EDUCATIONAL PURPOSE.
TRADE AS PER OWN RISK ASSESSMENT.
WHAT A DAY IT WAS!!!!
TO DAY NIFTY IN THE MORNING ITSELF WITH A GAP UP GAVE A " LA SOPRESA". DID BIT OF ADJUSTMENT FOR THE ANTICIPATED MOVEMENT....AND "TA-DA"...NEVERMIND...THE MAJOR ATTRACTION FOR DISCUSSION WOULD BE THE DECLINE THAT WE WITNESSED IN THE LATER HALF. AT THE OUTSET I WOULD LIKE TO TAKE YOUR ATTENTION TOWARDS THE SAME CRANKY DECLINE THAT WE SAW IN ALL US INDICES A FEW DAYS BACK AND FOR ME IT LOOKED QUITE SIMILAR...AND THE TOP WAS RESEMBLING THE MAR HIGH TOP AS WELL."WEAKNESS OBVIOUS"...NOTWITHSTANDING HONESTLY I ALSO DIDN'T ANTICIPATED FOR 2.618 RETRACEMENT....ALTHOUGH CORRECTION WAS EMINENT BUT NOT SO SHARP...INDICATES WHAT??? TO CREATE BEARISH SENTIMENTS AMONG RETAIL INVESTORS.THIS IS WHAT I PERCEIVE...THE CORRECTION/DECLINE WAS A BIG THUD!!!...BUT I LOOK IT AS A CORRECTIVE MOVE.THE SELL-OFF GOT ABSORBED IN SIMILAR WAY AS IT WAS INITIATED....FOR MONDAY I WOULD LIKE TO GO BULLISH WITH A GAP UP...AND MAY MOVE CLOSER TO TODAY'S HIGH. I MAY HEAR OBNOXIOUS AND ERRATIC...CAN'T HELP IT...I MAY BE WRONG IN MY ANALYSIS BUT NEVER BREAK THE RULES....
ASSIMILATION FOR EDUCATIONAL PURPOSE.
TRADE AS PER OWN RISK ASSESSMENT.
Comment:
GUYS GETTING THE IDEA,WHICH SIDE ACTUAL TREND IS!!!
Comment:
IDEA IS INVALIDATING....BANK NIFTY LOOKS EXTREMELY WEEK....AGR IS GETTING SOMETHING WITH IT.