Last weekend when Most of people were bearish on the market and stocks we came with a view that we'll see sharp bounce next week and banks will lead the rally
Lets See What happened this week , Banks lead the rally and outperformed most of the Indices , Sharing one chart posted last weekend and one latest chart ...You'll understand the beauty of technical analysis , So Simple Yet so complicated ;-)
Lets See What happened this week , Banks lead the rally and outperformed most of the Indices , Sharing one chart posted last weekend and one latest chart ...You'll understand the beauty of technical analysis , So Simple Yet so complicated ;-)
BELOW
IS OUR MAIL SEND LAST WEEKEND AND HOW IT REACTED THIS WEEK --LETS HAVE A
CHECK SEE HOW TRENDZOFMARKET AND OUR SUBSCRIBERS ARE CLEAR WINNERS
---------- Forwarded message ----------
From: MARKET TRENDZ <trendzofmarket@gmail.com>
Date: Mon, Jul 14, 2014 at 9:58 AM
Subject: MARKET POST BUDGET
From: MARKET TRENDZ <trendzofmarket@gmail.com>
Date: Mon, Jul 14, 2014 at 9:58 AM
Subject: MARKET POST BUDGET
Let
me get this clear first that bears won't like this market view at all ,
Those went short last week made huge gains and those who tried to buy
the dip ahead of big event(budget) burnt fingers , Those who went Long
& did'nt follow any SL got into much bigger mess with huge M2M loss I
suppose !!
As
we'r in a bull mkt , buying the dip makes sense to me (as this has been
working since last 8-10 months) , Most of the major indices are at imp
supports , only Banks are showing much more weakness then other sector
stocks , Some PSU banks are down 25% from recent tops (buying
opportunity ?)
Lets look into charts of Major Indices for a clear view
NIFTY at Important support zone
NIFTY at Important support zone
LETS HAVE CHECK WAT HAPPENED TO NIFTY THIS WEEK
LETS HAVE CHECK WAT HAPPENED TO NIFTY THIS WEEK
BANK NIFTY at Important gap Support
LETS HAVE A CHECK WHAT HAPPENED TO BANK NIFTY
LETS HAVE A CHECK WHAT HAPPENED TO BANK NIFTY
THIS WEEK
CNX PSU BANK INDEX : Ripe for 10% quick Bounce
LETS HAVE A CHECK WHAT HAPPENED TO PSU BANKEX
LETS HAVE A CHECK WHAT HAPPENED TO PSU BANKEX
THIS WEEK
Midcap Index Nearing 50 dema support
LETS HAVE A CHECK WHAT HAPPENED TO MIDCAP INDEX
LETS HAVE A CHECK WHAT HAPPENED TO MIDCAP INDEX
THIS WEEK
Cnx Smallcap Index : Nearing 50 dema support
LETS HAVE A CHECK WHAT HAPPENED TO SMALL CAP INDEX
LETS HAVE A CHECK WHAT HAPPENED TO SMALL CAP INDEX
THIS WEEK
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