Thursday, July 7, 2011

Desi MO (McClellan's oscillator for NSE) at EOD 7th July 2011

Posted by r m at 8:13 PM

7 comments:

Janak said...

looking at US mkt rally - we are going to have a 100 pt gap up in BN?

July 7, 2011 at 8:43 PM
Anonymous said...

Bank Nifty & Nifty Spot will likely both gap over the May 2nd highs - I expect reaction sell at open though.

July 7, 2011 at 8:46 PM
Shai said...

MCClellan at 75 is flashing Orange signals indicating caution if long.Certainly not a time to make new purchases if MCClellan scales 80.

Swing traders / Larger time frame players should hedge or avoid excessive leverage if long.

Earnings season gets underway from Tuesday officially.( 2 more sessions)

July 7, 2011 at 10:19 PM
Shai said...

V 2 updated.

July 7, 2011 at 10:19 PM
Janak said...

a contra view would be - if BN opens at 530-550 - bulls might rush it over 600 and hence opening the doors of 12000 next week - NF might just take out 6000 in this month.....this looks like a major bull market - 7000 is the word

July 8, 2011 at 4:07 AM
Shai said...

New post.

@ Janak,

Possible.But we'll wait for the market to tell us....

From levels of 4800 to levels of 7000, it's been a short journey these past 15 days!!

July 8, 2011 at 8:34 AM
Anonymous said...

LOL.. Back in the days the talk of GOOG to 1000 went to GOOG to 100 in matter of 2 months :-)

July 9, 2011 at 12:29 AM

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