A GLITTER OF HOPE!

WE ARE SEEING SOMETHING UNIQUE THAT HAS HAPPENED FOR THE FIRST TIME ON SENSEX SINCE WEEK ENDED 18JAN2008. ABOVE IS THE SENSEX MACD CHART ON WEEKLY BASIS.


IT IS VERY VERY IMPORTANT FOR MACD TO SUSTAIN ABOVE THE MOVING AVERAGE INDICATOR LINE (RED) FOR MORE THAN 4 WEEKS FOR CONFIRMATION OF A STRONG BULLISH MOVE.



ONE THING TO NOTE HERE IS, THAT THIS MOVE IS OCCURING BELOW THE '0' (ZERO) HORIZONTAL LINE. WHICH MEANS, THE MOVE, THOUGH POSITIVE, WILL NOT BE A GREAT SHAKES ONE.


ALL POSITIVE MOVES OCCURING IN THE SUB ZERO ZONE ARE WEAK BULLISH MOVES AND THOSE OCCURING ABOVE THE SUB ZERO ARE HIGHLY BULLISH.


SO, FRIENDS, THAT MEANS KEEP AN EYE ON THE GREEN LINE FOR NEXT 2 WEEKS AND THEN GET INTO THE GROOVE FOR MAKING SOME MOOLAH ON THE STREET!!!

BYE N REGARDS,
N. S. FIDAI
ANALYSE INDIA
............COME, LOOK INTO THE FUTURE!

SENSEX VIEW

WHAT WE SEE ABOVE IS A CONTINUOUS LOWER TOPS LOWER BOTTOMS BEING FORMED ON SENSEX CHART. THE TREND WILL CHANGE, ONLY IF, SENSEX CAN RISE TO 16200 OR HIGHER, AS IT WILL MEAN RISING ABOVE 200DEMA.

WE BELIEVE, THE FALL WILL NOT BE OF A HIGHER MAGNITUDE TO BREAK BELOW THE RECENT LOW OF 12514.

SO, THAT MEANS, MARKETS WILL LANGUISH AND TRY TO CONSOLIDATE BETWEEN 15500 TO 13500 BEFORE IT CAN MAKE A STRONG BULLISH MOVE TO CHALLENGE 17700.

KEEP LOOKING FOR OPPORTUNITIES TO BUY INTO FUNDAMENTALLY SOUND STOCKS AROUND SUPPORT LEVELS.

BYE N REGARDS,
N. S. FIDAI
ANALYSE INDIA
..............COME, LOOK INTO THE FUTURE!!