tag:blogger.com,1999:blog-1149152227980228556.post6396432070992126109..comments2009-05-27T18:41:39.266+05:30Sudarshan Sukhanihttp://www.blogger.com/profile/04872255827781271211noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1149152227980228556.post-17684618416194307972009-05-27T11:47:40.757+05:302009-05-27T11:47:40.757+05:30Sudarshan ji,<br />There is an important observation that i've made and i expect your comments on it very soon(for if i am right or wrong)--<br /><br />Importance of 50wma and 100wma for sensex:--<br /> <br />Today i was looking at the sensex weekly charts(nifty charts not available)with 50wma and 100wma crossover and i saw that these moving averages have proved themselves as very important ones as they have acted as strong supports and resistance in trending markets.<br /><br />In our previous bear market whenever index touched 100wma it faced strong resistance and retraced hard and even came below 50wma(broke previous lows when it touched it for the first time).After two futile attempts it finally crossed it decisevely and closed for 7weeks above it but again revert back below 50wma.<br /><br />In this bear market index has touched this 100wma only once and has failed to take a closing above this level.<br /><br />So as far as i've understood--the bear phase might be over but a strong correction may be in the offing(may be upto 10000-11000)because of strong resistances ahead.<br /><br />jagjitsolohttp://www.blogger.com/profile/12794667571234678475noreply@blogger.comtag:blogger.com,1999:blog-1149152227980228556.post-68773919353346396162009-05-26T20:47:31.491+05:302009-05-26T20:47:31.491+05:30Hello sir,<br /><br />Alan Farley has published an article about the crossovers of 200Ma and 50Ma as GOLDEN CROSS(50 crossing 200 from above)and DEATH CROSS(50 crossing 200 from below).<br />In that view a GOLDEN CROSS is about to occur(or occured) in NIFTY. Can we take that as a positive signal?<br /><br />http://hardrightedge.com/wheel/hrecrossovers.htmVickyhttp://www.blogger.com/profile/13322184396650445478noreply@blogger.comtag:blogger.com,1999:blog-1149152227980228556.post-11558916938335353402009-05-26T19:47:04.814+05:302009-05-26T19:47:04.814+05:30Hi Mr.Sudharshan<br /><br />I would like to know your comment regarding trading in nifty..<br /><br />I read somewhere, that a person has to have a mechanical trading system (something like a visual graph with some moving averages)and it should give calls automatically...irrespective of situations just go with the calls everytime and your probability of winning will get you profits..<br /><br />what do you say on a system above like this?<br /><br />//DeivaSigamanihttp://www.blogger.com/profile/11640968879100733172noreply@blogger.com