by Ramki | Apr 15, 2011 | India
There was an interesting trading question on NSEI posted by a reader, but he posted it under an update on Gold! I think the Blogging software is not clever enough to allow me to move it under the appropriate category. So I am producing the question and the reply here...
by Ramki | Apr 4, 2011 | India
Everything depends on whether or not a 5-wave move has finished at 6338. If indeed it has, then the current recovery can only be an X wave separating two sets of abc. How high can the X wave go is something we cannot be sure of. But it is safe to say that any move...
by Ramki | Feb 20, 2011 | India
The outlook for India’s much watched NSE index is that we are in a complex correction and hence would expect the current strength to peter out between 5680 and 5900. The old target of sub 4800 is still valid, in my view. So I would caution againt buying anything...
by Ramki | Jan 2, 2011 | India
In a recent update, I had pointed out that traders should wait for the imminent recovery to run its course, and join in the selling when we eventually get an overlap of the 6069 level on the way down. At the time of writing that comment the NIFTY was around 5944...
by Ramki | Dec 14, 2010 | India
Many readers are asking for the outlook for NIFTY, India’s most watched Stock index. When a huge move in one direction ends, the topping out takes a bit of time. The spotting of the end of the final fifth is usually a challenge. Who doesn’t want to know what the exact...
by Ramki | Nov 21, 2010 | India
How conveniently the 2-G scam has boiled over just when the NIFTY index has come within a handshake of the 2008 highs! But if you go back in time and look at all major events, you will find that technicals were also just about ripe for a turn in direction. The...
