Sunday, May 18, 2008

Technicals Analysis for Dowjones Index for 19-may,pls find it useful,
TRIN:.Daily:1.3..(OverSold..its bearish sign)

Trend Indicators:
Moving Averages::Bearish,RSI::Bullish,ADX::Bullish..(but overheated mkt)

OVERALL:since there are more bearish indicators than bullish... i wud presume..dow jones wud have some sell off or profit-booking on monday.


Other indicators for Dowjones::
Rising Wedge,bearish harami cross and bearish Wolfe wave in Dow jones,next wat???

Bearish harami cross features:A day of uncertainty after a large bullish move suggests bulls may have lost control of the market.Traders have to watch for bearish moves in the following days.

The rising wedge is a bearish(reversal) pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows.
As a reversal pattern, the rising wedge will slope up and with the prevailing trend.Regardless of the type (reversal or continuation), rising wedges are bearish.
The rising wedge usually forms over a 3-6 month period and can mark an intermediate or long-term trend reversal.
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Sr. No.

DateDayDescription
126-Jan-2017ThursdayRepublic Day
224-Feb-2017FridayMahashivratri
313-Mar-2017MondayHoli
404-Apr-2017TuesdayRam Navami
514-Apr-2017FridayDr.Baba Saheb Ambedkar Jayanti/ Good Friday
601-May-2017MondayMaharashtra Day
726-Jun-2017MondayId-Ul-Fitr (Ramzan ID)
815-Aug-2017TuesdayIndependence Day
925-Aug-2017FridayGanesh Chaturthi
1002-Oct-2017MondayMahatama Gandhi Jayanti
1119-Oct-2017ThursdayDiwali-Laxmi Pujan*
1220-Oct-2017FridayDiwali-Balipratipada
1325-Dec-2017MondayChristmas

*Muhurat Trading will be conducted. Timings of Muhurat Trading shall be notified subsequently.

The holidays falling on Saturday / Sunday are as follows:

Sr. No.DateDayDescription
109-Apr-2017SundayMahavir Jayanti
202-Sep-2017SaturdayBakri ID
330-Sep-2017SaturdayDasera
401-Oct-2017SundayMoharram
504-Nov-2017SaturdayGurunanak Jayanti