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    Wednesday, February 10, 2010

    mkt ahead...10th feb 2010...

    as expected, some sort of a bounce is happening in the near term and early signs of it looks positive as it has broken out of falling tline resistance.

    positive global cues along with positive divergence from oversold territory might help nifty to move up.

    nifty has to stay near or above yday close or above the tline in coming days.

    however for gaining some strength on the upperside(and for arresting movement toward 4600 etc) few closings above 4825-4834 will be better, which would ensure a further movement of atleast 100 odd points. however since macd and other indicators are still bearish it would take some more time to establish a sustainable uptrend. 4951 is resistance where or before some selling might again come.

    above 4952 the short term trend reverses on the upside.

    Posted by abhay r somkuwar at 8:09 AM

    8 comments:

    Sujatha said...

    Thanks a ton Abhay...especially posted your views before market opens..

    Your valuable views are always giving some sort of boost to small traders like me.

    Regards

    February 10, 2010 at 8:48 AM
    Sujatha said...

    Oops... nifty turned down exactly from the level...:)

    Profit booked @ 4770 levels(don't want to take risk) waiting for some recovery to give short again.

    Thanks a lot for your guidance.

    Regards

    February 10, 2010 at 10:08 AM
    abhay r somkuwar said...

    thanks sujatha, just given the views, actual credit goes to u for the execution.

    February 10, 2010 at 11:08 AM
    Sujatha said...

    "Just given views" - It's showing your simplicity..

    Thing is most of the times i am thinking differently and doing mistakes..:(

    Hope, hereafter will executive order correctly, as because you gave me "credit" for this profit :)

    Thanks and regards

    February 10, 2010 at 2:45 PM
    Sujatha said...

    4835.75 is today's high....my head is breaking.... with your levels.. amazing :)

    Thanks and regards

    PS : Hope nifty will not cross this level, as his master is strict : ) hence shorted with SL of today's high

    February 11, 2010 at 11:00 AM
    abhay r somkuwar said...

    haha sujatha, if it stays around these lvls then slowly the baby bears might give away some lunches to the baby bulls, mama bulls would want more upside to make move:)

    February 11, 2010 at 11:16 AM
    Sujatha said...

    Babre.... hint for upmove :(

    Will keep an "EYE".

    Thanks and regards :)

    PS : Hope Mama bulls scared of you :)
    "lakshman rekha"

    February 11, 2010 at 12:34 PM
    Sujatha said...

    "Narrow escape"...power came @ right time... first I checked ur blog...(as i know u will reply promptly)

    While reading your msg.. covered my short..my capital saved... with little profit..

    Thanks and regards

    February 11, 2010 at 1:14 PM

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