Mar 24, 2011

Nifty Premarket View

Option reading index for today is (-) 1.75 rise from last trading figure of (-) 2.20 suggests mild buying interest . Ichimoku charts had on 26.11.2010 indicated bearish outlook. Please see here
The bearish action may be ending probably in April as indicated by kumo cloud widths narrowing down and giving chance of probable bullish kumo crossover.



3 comments:

manu said...

hi sri..this means v must start accumlating equities as interest cycle will also peak out at that time (mid-april)

idbi,ril lt all doing good

sriganeshh said...

yes,,manu,

In percentages, you can go long.

manu said...

thnx sri,

check mail..