[sharetrading] World markets

 

The following is based on events up to 0820 Hrs……..

 

It appears that the US closed in the negative. But the close was only marginally negative, considering the drop it had ID. This would indicate that there is buying on the lower side. Though full blown buy signals have not emerged on US charts, I guess it is on its way, if today is reasonably +ve, it would be good.

Asia as such is reasonable, waiting for further cues of confirmation, which would be forthcoming only next week……..

As of now, the position to hold - is BUY NIFTY, on a rise, with SL. Buy as low as possible to SL level of 4770. S1 4846, S2 4830. This call is for March series…….. in near days, unless the call is negated during market hours on the Meebo group…… This call is fully confirmed above 4890 SPOT close. And danger is lurking close by as the signal is not yet generated……………..

This could be trying to bottom pick……… And hence carry dangers associated with it. Only persons who are in market ID try future, else be in stocks, with SL or Lowest low of last 3 days. This could be signal for a 25PC entry.

Abe

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