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past short term calls follow-up/performance***(stocks to watch)

date,stock,reco price,high,% gain at high

***all analysis are based on self chart study only, actual trading gains may vary.
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    Monday, February 8, 2010

    nifty charts...08th feb 2010...

    nifty spot daily(eod) chart:

    downtrend still on with further weakness as macd and ema is in bearish crossovers.

    freshly bearish below the very imp 4800 lvl and downside opens upto 4500-4600, also has broken below one of the support trendlines(blue line).

    only good thing is positive divergence developing on indicators in oversold region, bottom could be near that could lead to a sizeable bounce that may come later.




    nifty weekly chart:

    major supports(green lines) and resistances(red lines) are as shown in the chart.


    (charts coustesy:www.icharts.in)


    fii net cash selling is still on:

    2 comments:

    Sujatha said...

    Hm.. 4800... done....shall we expect a continuation? or from here it may fall?

    Kindly post your views. Thanks in advance

    Regards

    abhay r somkuwar said...

    hi,
    have posted views on mkt.

    regards,
    -abhay r somkuwar.

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