The index remains oversold on the weekly chart. It looks like some kinda bottom is in place now at 4800 and next week we may see a rally towards 5130. That is a place to open fresh shorts.
Below is a look at the weekly absolute returns. Currently the reading is at the lower end so I guess we will see increased volatility ahead. The yellow line is a 10 week average.
Below is a look at the weekly absolute returns. Currently the reading is at the lower end so I guess we will see increased volatility ahead. The yellow line is a 10 week average.
3 comments:
so u r targettig 4500 to complete..this down fall...this Monday we had a freak trade at 4505 in sgxnifty....these trade figures are reached very quickly....last 14t may we had a sgxnfty freak trade at 4789.....and we touched the same week..leanrt about these signals from this blog:::http://marketsmusic.blogspot.com/
have seen all the freak trades that i have noticed since last november have been achieved......
and astro prediction is rise from 1st week of June.....most probably from June4th.....so its likely we will keep going down next week to touch 4500 level by June 1st......
ok...but ur target is still 4500 area???if yes ....when do uexpect that
Jonak,
Take it easy, let this p/b get over - I'm not very sure whether we will hit 5130 coz there are multiple R's above.
Let the market go through this phase. Chill bro,
Don't think about the markets 24x7x365
There are lots of other things to do.
Enjoy!
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