May 23, 2010

NIFTY Trading near weekly channel bottom line

  • Twice in the past this trend line or the channel bottom line has given support and a turn around has happened from this line. So one should believe this will happen again.
  • Keep the channel bottom line as stop loss.
THANKS TO SUJATHA FOR GIVING ME THE US MARKET IDEA. I DID SOME INTRADAY POST FOR DOW JONES, AND HAS SOME AMERICAN FRIENDS NOW. BUT DID NOT HAVE PROPER CHARTS. IF ANYONE OF YOU KNOW GOOD CHARTING SERVICE (FREE) FOR US MARKETS PLEASE LET ME KNOW.

THANK YOU
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4 comments:

  1. SujathaMay 23, 2010 at 7:42 PM

    Hi,

    This line chart is a good idea @ impt times.

    You ever tried Stockcharts.com, icharts.com and GCI financial??? (I am talking about EOD)

    You want live??

    http://dowtracker.blogspot.com/ and as usual google, yahoo.

    Regards

    ReplyDelete
  2. SanMay 23, 2010 at 7:53 PM

    Thanks for your suggestions sujatha.

    ReplyDelete
  3. SujathaMay 23, 2010 at 10:03 PM

    Another interesting note about DOW ..

    Around 10193, is just above the 55 week ema & faces next support around the triple bottom forming area around 9800?? Below which it may fall more to previous low 6440?? October '09 is around 9377. It's intersting to watch even with Hangseng, Shangai too..

    Regards

    ReplyDelete
  4. AgniMay 25, 2010 at 2:07 AM

    Another best place to see US market is,
    http://www.freestockcharts.com/
    Regards
    Agni

    ReplyDelete

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