Wednesday, December 10, 2008
Nifty chart analysis
3 charts for nifty dec series.
Invhns type of move forming for bulls
for bears maybe a triangle and they'll keep trying to short on the way up finding every level/resistance as an excuse.
My view? 3260+ likely
HSI did it
dow almost doing it.
And guess which stock is leading the rally in nifty??
REL...
much closer to old high 626 cmp 606 ish.
Power sector remains my favorite sector, fundamental reasons.
So for anyone who says technicals precede fundamentals. Think again.
Rel was damn 'weak' at 360-400 (relative to nifty)
now its 'strong'.
I need to find some kind of economic calendar for India so I can be prepared ahead of time for the major data releases.
If anyone has an idea, leave a link.
For the u.s there are lots of sites with good coverage.
Need something similar for India.
I wonder why cnbc tv 18/moneycontrol don't have any organized section
they added the indiaearnings site which is a good step. They should also add something along the lines of an economic calendar.
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