July 8, 2010

A grave stone Doji

  • Nifty futures has given a grave stone doji
  • When it comes at the top of the trend it is negative.

6 comments:

  1. Dear San,
    Thanks to inform the same. Due to last NF trade and it's close and sell off in the latter part is not the good sign for at least tomorrow's trading.The reduction in NF is must for tomorrow's trading as well as the follow up buying tomorrow,then only this up move for tomorrow will be there otherwise the possibility of the greater fall can not be ignored.And this time 5240-30 will not do any magic.

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  2. Pl.Read " Reduction in NF O.I. is must.....

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  3. @Mynac
    This must be correction as ilango sir has mentioned in one of his charts today. Bulls will get stronger above 5337 NF.

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  4. Dear San,Thanks.
    Now at 8.30PM I saw EOD bhav copy.Strong FII buying and significant short covering in NF is indicating that now for tomorrow I should not scare to go long at appropriate levels. Let us see tomorrow.

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  5. Hi San,

    even tough in reality its was a grave stone doji, but chart nexus & icharts showing lower open price for both nifty n sensex negating the formation of grave stone doji on daily charts.

    Is is it all manipulation of candle to favour bulls... ?

    teejay

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  6. @teejay
    You must be referring to the spot nifty candle in chart nexus. I haven't seen it yet. I posted the nifty futures chart from Gcimt4 which showed a grave stone doji.

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