Mar 16, 2011 S&P 500 closed today at 1256.88 which is down by 5.30% from month to date that is compared to close of Feb 28, 2011 - 1327.22
As expected per my earlier update, SP 500 closed today well below its 50 days moving average of 1294.66 but above its 200 days EMA of 1210.29.
Let's look the S&P technical levels. S&P will eventually go down and test 200 days EMA of 1210, before making a significant rally.
If S&P 500 touches its 200 days EMA of 1210.20, day traders can take long positions with protective put option or with stop loss...
Please visit http://www.softwareandfinance.com and click on the topic "S&P 500 Mar 2011 Technical Forecast - Update 2" under Stocks posting to read the entire article.
Wednesday, March 16, 2011
Nifty Technical Forecast Update 2
Mar 16, 2011 - Nifty Closed today at 5511.15 which is up by 3.336% for month to date (compared to Feb 28th 2011 Close of 5,333.25).
With reference to my earlier update , There are 3 days in intraday in which Nifty touched its 200 days EMA of 5568.10. Those 3 days are Mar 03, 04 and 09. There is enough retesting of 200 days EMA is done in the last two weeks.
To watch Nifty Index in google finance, visit the following link:
NSE Index in Google Finance
Now Nifty is trading with range bound between its 21days EMA and 200 days EMA that would be 5482.50 and 5560.68. I think Nifty will eventually regain its support level of 200 days EMA and creates euphoria between the investors before it leads to panic...
Please visit http://www.softwareandfinance.com and click on the topic "Nifty Mar 2011 Technical Forecast - Update 2" in Home Page or under Stocks posting to read the entire article.
With reference to my earlier update , There are 3 days in intraday in which Nifty touched its 200 days EMA of 5568.10. Those 3 days are Mar 03, 04 and 09. There is enough retesting of 200 days EMA is done in the last two weeks.
To watch Nifty Index in google finance, visit the following link:
NSE Index in Google Finance
Now Nifty is trading with range bound between its 21days EMA and 200 days EMA that would be 5482.50 and 5560.68. I think Nifty will eventually regain its support level of 200 days EMA and creates euphoria between the investors before it leads to panic...
Please visit http://www.softwareandfinance.com and click on the topic "Nifty Mar 2011 Technical Forecast - Update 2" in Home Page or under Stocks posting to read the entire article.
Tuesday, March 1, 2011
S&P 500 - Mar 2011 Technical Forecast
Feb 28, 2011 S&P 500 closed today at 1327.22 which is just above its two and half years high. S&P closed above its 10, 21, 50 and 200 days EMA and giving us a strong bull signal.
With US unemployment rate (Seasonally Adjusted) remains at 9.0% in Jan 2010 and declining home prices, double dip is inevitable for US in the long term. Fed can not keep the rate low for a long time. When they start increasing the rate, home prices will go down further and it would trigger a new wave of foreclosures.
Let's look the S&P technical levels. S&P 500 is trading well above its 200 days moving average of 1210.81 and above its 50 days EMA of 1289.87. It gives a (wrong) bull signal on S&P 500 to go long.
However it would be perfect time to....
Please visit http://www.softwareandfinance.com and click on the topic "S&P 500 Mar 2011 Technical Forecast " under Stocks posting to read the entire article.
With US unemployment rate (Seasonally Adjusted) remains at 9.0% in Jan 2010 and declining home prices, double dip is inevitable for US in the long term. Fed can not keep the rate low for a long time. When they start increasing the rate, home prices will go down further and it would trigger a new wave of foreclosures.
Let's look the S&P technical levels. S&P 500 is trading well above its 200 days moving average of 1210.81 and above its 50 days EMA of 1289.87. It gives a (wrong) bull signal on S&P 500 to go long.
However it would be perfect time to....
Please visit http://www.softwareandfinance.com and click on the topic "S&P 500 Mar 2011 Technical Forecast " under Stocks posting to read the entire article.
Nifty Mar 2011 Technical Forecast
Feb 28, 2011 - Nifty Closed today at 5333.25 which is down by 3.135% for month to date (compared to Jan 31st 2011 Close of 5505.90). Feb month low was set on Feb 11th intra day at 5177.70 and closed on the same day at 5310.00.
Until Market open of Feb 08, 2011, Nifty was holding its strong support level of 5402.00 that I discussed on my earlier update .
To watch Nifty Index in google finance, visit the following link:
NSE Index in Google Finance
The next strong support level for Nifty would be 4806.75 that would be scary for many investors. As more psychological fear of holding Nifty Support Level of 5402.00, there was panic selling for around 2 days (51 hours - between 9:45 AM on Feb 08, 2011 - 12:06 PM on Feb 10, 2011) in which Nifty set its low point of 5177.70 at 12:06 PM IST which is down by 4.15 % from its support level.
When bottom is being formed always there would be....
Please visit http://www.softwareandfinance.com and click on the topic "Nifty Mar 2011 Technical Forecast " in Home Page or under Stocks posting to read the entire article.
Until Market open of Feb 08, 2011, Nifty was holding its strong support level of 5402.00 that I discussed on my earlier update .
To watch Nifty Index in google finance, visit the following link:
NSE Index in Google Finance
The next strong support level for Nifty would be 4806.75 that would be scary for many investors. As more psychological fear of holding Nifty Support Level of 5402.00, there was panic selling for around 2 days (51 hours - between 9:45 AM on Feb 08, 2011 - 12:06 PM on Feb 10, 2011) in which Nifty set its low point of 5177.70 at 12:06 PM IST which is down by 4.15 % from its support level.
When bottom is being formed always there would be....
Please visit http://www.softwareandfinance.com and click on the topic "Nifty Mar 2011 Technical Forecast " in Home Page or under Stocks posting to read the entire article.
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