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19th January, 2009

Nifty trades in a Narrow Range.

The Nifty moved in a narrow range today, just 48 points. The range contraction tells us that the market participants are confused. They are not sure of the direction in

19th January, 2009

Wise After the Event

In my earlier post Did you buy ? I explained that viewers should have a strategy to follow the advice given on CNBC or for that matter from any source. A comment

16th January, 2009

Friday Markets, did you buy ?

I have a discussion on Stop Losses, here. On Friday morning (January 16, today) I was on CNBC. Udayan asked me what my Nifty strategy for the day is ? I

14th January, 2009

Examples & Explanation

A few examples of the RSI2 setup can be found here . An explaination: "you have to avoid taking signals when there is a strong trend." This means that momentum trades should

14th January, 2009

This is an intermediate down trend.

Today saw the Nifty rally by almost a 100 points. My submission is: We have seen a breakdown from a trading range. Do not underestimate the power of trading range