Indian Charts: Nifty --a little bounce

Tuesday, November 1, 2011

Nifty --a little bounce

Very short term oversold. Filled the bigger GAP . But we left a little GAP at the top which gets filled at 5327.
So expecting a bounce atleast till that level. Not shorting at these levels. Important FED meeting coming up . Better wait till tommorow . But many analyst on the blog are primarily BEARISH . They are expecting a bounce to complete a smaller HnS and will also complete a right shoulder of larger HnS.

No comments:

Post a Comment

Words of WISDOM

"The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight."

---Jesse Livermore

"What beat me was not having brains enough to stick to my own game – that is, to play the market only when I was satisfied that precedents favoured my play. There is the plain fool, who does the wrong thing at all times everywhere, but there is also the Wall Street fool, who thinks he must trade all the time. No man can have adequate reasons for buying or selling stocks daily – or sufficient knowledge to make his play an intelligent play."

--Jesse Livermore

Total Pageviews

Tuesday, November 1, 2011

Nifty --a little bounce

No comments:

Post a Comment