This is Sudarshan's blog - www.sudarshanonline.com. It discusses the technical analysis of Indian Stock Markets emphasising on online day trading and futures trading strategies.
V shape recovery is surprising and is happening amid global uncertainty. Interesting to see the confidence bulls displayed today at 5100. There is fresh buying in this pullback rally and volumes clearly indicate that. 5700 might not be on most of our minds and so the market is likely to do it if it sustains above 5200. However, we will have to watch out for bull traps at higher levels.
i was abt to say same thing when i read ur topic of the day...i guess 5200 will be real test for nifty..if it breaks that new and fast recovery is supposed to happen
Thanks Mr. Sudarshan for your clarification, so basically every 3-4% roughly we get one level, so for those not having access to a charting s/w, just keep adding/selling small quantities every 3-4%, this way you make small money and one major buy/sell will have to be done, provided one does the same counter and is happy with the returns, as a word of caution don't try this on a small cap counter, use only on blue chip counters, work out the advantages and disadvantages before starting.Some counters like icici, hdfc, hdfcbank, tatasteel, sterlite and now ril are some but remember there is no free lunch in this market. This method is good for a ranged stock, and it would fail if the movement was only in one direction for a prolonged period for example voltas just prior to the low formed. Thank you once again Mr. Sudarshan.
you said breakout above 5200 , Nifty will go to 5700 WoW, Why not Nifty will come back down after 5250-5300-5350-5400-5450 Etc EtcWhat is the theory ? If it is very reliable theory, than why not it happened befor all the time...
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