IMHO Sensex weekly chart has given breech in the long term trendline on closing basis, which should next week test 16250 & if does not crossover upside, its adios amigos....
Sensex has recently been moving 1 step in advance of nifty as on wed sensex had already broken through the feb lows which nifty did on friday...
Although provisional figures show Fii's were net buyers both in cash & futures, so finally is the retail mob panicking ?
9 comments:
Oye sirji...utthoo...
kaam karne ka time aagaya hai,
bazaar mein teji aane wali hai :)
kaun bola ? any reasons ? I dont think this rally will last more than 5050/5100...
hope i'm wrong
arre bhai,maaf karo,
i had a sapna last night of Nifty 5000 tgt..one gapup and it hit only for 5 mins!!
it was dream over and fulfilled,ab chalo sojao...
your sapna achieved , lol, only solace is everyone is getting terribly bearish....
arre bhai,
koi hai idhar?lagta sab log picnic pe gaye hain idhar....
phir aana padega mujhe!!!
lol, jagguji, waiting for the market to give break out or break down... kya kare, so picnic ;)
arre wah,aap wapas aagaye!
wat does ur TA says?mine says we r bull mkt again,being we are above 4900...52wk EMA..
while there is head and shoulders and bullish wolfe wave formation..
waiting for ur valuable opinion. :)
testing 200 dma, lets see how it works out, may test breakout point again (5k levels), though long term has turned bearish my friend... at the most 61% retracement...
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