Thursday, September 3, 2009

WHERE ARE WE HEADED FROM HERE ??

Something BIG is going to happen to our markets......I cant see nifty moving in this small range, for much longer now onwards.
A COMBINATION of one set of indicators,,,,in indices and in major stocks like, hdfc,bhel,reliance,axis,icici..clearly suggests that..even if markets are in a distribution phase right now,,we should see a bounce back on the upside from tomorrow.or max by monday..and that too should come without much damaging prices.
ON the other hand, i have a unique trading system,,which is generating strong buy calls in some midcap stocks..so instead of a large distribution phase, we are perhaps witnessing only a SHIFT OF BUYING. all in all buying seems tobe intact,in genral.
FIRST condition is a close above 4655..if thats met,we are in for a LARGER RALLY on the up.

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