Technicals for 4-May-2009
Dow Technicals
Dow trin(Daily):. 3.44 (bearish)
Trend Indicators:.MACD:.Bullish RSI:.Bearish ADX:.Bullish
Overall:.
Nifty Technicals
Nifty trin(Daily):. 0.42 (bullish)
Trend Indicators:.MACD:.Bearish RSI:.Bearish ADX:.Bullish
Overall:.
Dow trin(Daily):. 3.44 (bearish)
Trend Indicators:.MACD:.Bullish RSI:.Bearish ADX:.Bullish
Overall:.
Nifty Technicals
Nifty trin(Daily):. 0.42 (bullish)
Trend Indicators:.MACD:.Bearish RSI:.Bearish ADX:.Bullish
Overall:.
Food for Thought:
Recommended article:Stop Thinking The 30% Stock Rally Means The Bear Market Is Over
(click on image below to read the article)
(click on image below to read the article)
33 comments :
Good morning Uma, Jaggu, rm, kshitijesh. a new day and a new way to stare at the screen hoping the markets to go down?
good mnrg paaji,
i read ur blog,i cudnt digest the 3500 as top since top cant be visible so clearly unless one is scared of heights(like me).. may be mkts will some more,...then burst like a pani puri :)
definitely...tat time of crash hasnt come yet...hope to make money on the way dow with u:D
Good Morning folks!
I feel that the crash will come only when Paaji turns bullish!
;)
good mnrg rmbhai,
i too feel so :D
I agree rm - so if I say bullish here then will it do? -
Paaji:
Something like that! Say that you are bullish while crossing fingers behind your back!
Jokes apart, though market should fall after such straight climbs - there are no such signs globally. The best strategy could be to buy a straddle - as you often say yourself - but only when premiums cool down.
Meanwhile I am just taking it easy and being an observer! That is the only position where i don't have to book losses! :)
good morning rm, cheema, genius!
what u say is right rm, we don't always have to take a position. Something that the US of A is learning in International Relations...rofl.
LOL. The most difficult part of trading is to suppress that itch to trade!
yea rm...consider it as a fist fight going on between 2 drunks. Even if one of the drunks is right, is it worth it getting your nose potentially bloodied ;D
Good simile!
Idhar to fist bhi apni hai aur nose bhi! Only scotch is occasionally provided by Paaji!
rofl! that again was a good one. "fist bhi apni, naak bhi apni"
Good morning friends
jaggubhai Now bullish or non-bearish ??
Good Morning Kshitijesh! How is the weather in Lucknow?
rm
Better than as it was 2 days before but still hot
so you squared off CE's or holding
i'm holding long & stop loss is downtrend in RIL
Dehradun also has cooled down by a good 5 degrees.
My CEs were for April and I was too busy during the last two days of trading to even book losses in them so they expired worthless. :(
May series is too pricey - good to sell but not good enough to buy!
Dehradun is a nice place
rm, uma - point taken. I have been short but only good thing is that I am strictly in the covered positions and that does not let me sink the way I did last year.
good afternoon folks,
looks like bulls are very hungry,they chewed the bears to last straw...
i agree rmbhai...straved bulls>overfed(obese)bears :)
Jaggu Bhai this time taken 4 lots of 3500 PE's at 116.
Unfortunately Bull are Partying....
Waiting for Bears to Say hello in my ears
Hello Raj bhai
Have taken PE's alone or with CE's
Iam sitting naked with PE's
k,
when rajandran is bearish,u can take my iron-clad guarantee tat he will make money...u better ask,rmbhai.. for more details..hai na rmbhai..haa haa
rajan,
i dont understand y that puts are still expensive compared gains made by calls :(
Rajandran bhai
How much downside you expect for correction(target for CE's square-off))
Jaggubhai:
I hope that you won't mind this limerick:
When rajandran threatens to get naked
Bulls quietly leave Dalal street
and take to the back lanes!
And lo - the grizzlies are here once again!
OK Jaggu bhai
points taken regarding Raj bhai
waise bhi you & Raj bhai are my Gurus(like Drona for Eklavya but please dont ask for my thumb as Dakshina)
rmbhai,
wat a limerick..i need limewater to digest tat...ROFLMAAOO
K,
knowledge of me is limited to boundaries of my mkt experience(3 yrs precise),whereas,Rajans knowledge is unlimited to extent of his blog pages and his never ending mkt indicators.. LOL
Good Night folks! Have bullish dreams and keep puts under the pillow for safety!
good night rajandran, rm, genius, cheema, kj
goodnite rmbhai and busybees..
Good night Friends!!
Hi,
Sorry For my late update....
Jaggu sab ... i was in a hurry to my office.
3500 puts still trading near Rs116
but nifty moved 50 pts from where i bought....
3500 puts are very expensive now.
Iam simply praying to god for my pants
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