Fundamentals are suggesting weakness but the buyouancy in world markets and hence FII's positive sentiment - seems to keep the indices up (the technical part).
But now it seems we may be nearing a convergence of the technicals and the fundamentals!
The charts above tries to provide a different view - you may observe that the trendlines drawn are different than many may have drawn on the charts.
A break below 4500 would surely make me wait longer for buying in to the markets.
Happy trading (or no trading, should we say?)
CA Rajiv D Khatlawala
3 comments:
Rajiv, thanks for your regular updates. But what about your call on Natural gas? It has broken down considerably...should we accumulate more at this point or should wait for any specific level?
and also, it'd be great if you could re-post your views on gold, again.
Hello .. I think my buy trigger price for NAT GAS was not activated ...
The bottom formation which i anticipated did not get materialized. Never trade on 'anticipation' of a break out ..It may be fatal mistake as a technical trader.
Currently we will wait for a 'bottom formation' in Nat gas.. Till that time 'wait and watch only'.
Post a Comment