Thursday, October 13, 2011

NIFTY AT CROSSROADS


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4 comments:

  1. SandeepOctober 13, 2011 at 8:56 AM

    Sir,

    Good Morning. Looks highly congested crossing to cross. If this is takeout then 5400 looks definite.

    Regards

    Sandeep

    ReplyDelete
  2. Gann School of TradingOctober 13, 2011 at 10:04 AM

    Hi San,

    Welcome back.Bulls rushing to buy at higher levels hence traffic congestion coupled with bears scrambling for cover with daily short covering happening at different levels.Yes the at congestion one needs to cautious have stop loss as per risk.The rally is 4741 to 5118 that is 400 points without break or breather here.So watch out for momentum and volumes as it develops and work with strict stop losses.

    Regards

    K B Raut

    ReplyDelete
  3. SandeepOctober 14, 2011 at 7:36 AM

    Sir,

    Do you have something on the breakout or break down theory. Just to distinguish between real and the fake one. Usually, both happen when indicators are on the overbought/oversold area. Please guide...

    Thanks & Regards

    Sandeep

    ReplyDelete
  4. Gann School of TradingOctober 14, 2011 at 8:57 AM

    Hi San,

    Its a difficult but interesting proposition as every situation is unique.Also post analysis is very easy than dynamic one.Still I will try to put few examples on Nifty in the past.I need to research for it and it will require some time.Hope I will make it soon on the blog.

    Regards

    K B Raut

    ReplyDelete

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