Update - March 31st

Been meaning to post some charts for some time..Here are a couple with comments which show what I am seeing and my thought process here.






Careful out there!

Lee

30th March

I wanted to post some charts here..but dont have time to..

So..Bottom line is..yes very bullish..but I think trend is turning or might soon.

Book profits on longs and wait to see what will happen.

The TURN is coming...

OR else we go all DAMN bullish very soon.

Will post charts tomorrow.

Best.

Confusion

Will be very frank here..

Confusion reigns supreme.

Its anyones guess here what will happen.

5800 is the bull bear line as I said before.

I got out of longs today with decent gains.

Shorts..I am going to start building them today with stop of 5820.

Be cautious. If you are confused or not confident, pls dont do anything.

I will post some charts tomorrow which might clear some stuff...some more
views..more thoughts etc etc

Best

Week Ahead - 28/03/2011

In last update I mentioned above 5540 we can see a good rally and we did that above and beyond what I thought might happen.

There is no doubt - things are looking quite bullish now. I have tried to give some views in the charts below on possibilities. This week after an initial pop, we should see some pullback - Use that to exit shorts and try some longs. I got out of all shorts on Monday and took a bucketload of calls to cover the loss - I will close those today and wait to get some good long entries.

Longer term chart looks still bearish however I see potential of a change coming up.
Chart gives more idea. I will be moving focus to stocks going forward and wait to see what Nifty does.



Another look at the chart from far



Best of luck and trade safe. Do your own due diligence and do not follow anything written in this blog blindly.

Cheers.