iCharts Discussions

hbanerji · White Belt Joined: 16 Apr 2009 Posts: 31

ST: that analysis with bias is working great, but it needs to be analysed a bit more... in terms of statistical bias...?

SwingTrader · Posted: Thu Aug 26, 2010 8:57 am Post subject:

SwingTrader · Posted: Thu Aug 26, 2010 9:10 am Post subject:

NF at LOC. Note that BULL & BEAR are relatively far from LOC unlike other days. On Such days one can take trades in the direction of the move away from LOC. The move away from LOC has to, preferably, be supported by little more than average volume (this depends on one's judgement). Basically look for a strong thrust.

SwingTrader · Posted: Thu Aug 26, 2010 9:16 am Post subject:

Market Stats (as of 2010-08-26 09:13:11)

BULLISH : 55
SIDEWAYS WITH BULLISH BIAS : 82
SIDEWAYS : 202
SIDEWAYS WITH BEARISH BIAS : 10
BEARISH : 4

Don't see too many bearish scrips today which is good. Let us see how this unfolds after little while. After 9:30 AM we should have a clearer picture.

SwingTrader · Posted: Thu Aug 26, 2010 9:35 am Post subject:

Market Stats (as of 2010-08-26 09:32:53)

BULLISH : 64
SIDEWAYS WITH BULLISH BIAS : 90
SIDEWAYS : 148
SIDEWAYS WITH BEARISH BIAS : 15
BEARISH : 8

Market still firm. For NF, 89 EMA is the resistance. A break above it can take it to bull initially and further depending how price reacts with bull level. A break below LOC will now be bearish.

*** For above stats only scrips trading above Rs. 100 are considered.

SwingTrader · Posted: Thu Aug 26, 2010 9:46 am Post subject:

NF is finding it tough to clear 34 EMA itself....let alone 89 EMA Very Happy

dilesh · White Belt Joined: 09 Aug 2008 Posts: 73

ST Sir,
SBIN now bullish above R1. Is this correct.

Regards,
Dilesh

SwingTrader · Posted: Thu Aug 26, 2010 10:42 am Post subject:

SwingTrader · Posted: Thu Aug 26, 2010 10:45 am Post subject:

Market Stats (as of 2010-08-26 10:43:31)

BULLISH : 71
SIDEWAYS WITH BULLISH BIAS : 86
SIDEWAYS : 102
SIDEWAYS WITH BEARISH BIAS : 38
BEARISH : 13

Bias continues to be bullish.

dilesh · White Belt Joined: 09 Aug 2008 Posts: 73

SwingTrader · Posted: Thu Aug 26, 2010 11:38 am Post subject:

Market Stats (as of 2010-08-26 11:35:01)

BULLISH : 82
SIDEWAYS WITH BULLISH BIAS : 77
SIDEWAYS : 85
SIDEWAYS WITH BEARISH BIAS : 38
BEARISH : 12

Bias still continues to be bullish but more scrips have now moved from sideways to sideways with bearish bias. But bullish scrips remain firm.

SwingTrader · Posted: Thu Aug 26, 2010 11:45 am Post subject:

NF at 89 EMA now....if it can clear this, it could quickly move to BULL.

SwingTrader · Posted: Thu Aug 26, 2010 12:11 pm Post subject:

Back to same status when market opened....around LOC. Blame it on expiry!!! Very Happy

Be careful though....bearish scrips building up....this can drag the market down.

SwingTrader · Posted: Thu Aug 26, 2010 12:37 pm Post subject:

NF at last above 89 EMA, on the way to BULL.

SwingTrader · Posted: Thu Aug 26, 2010 12:43 pm Post subject:

My suggestion is to have tighter stops today and trail aggressively to counter the random expiry swings that may (or may not) happen. The scenario can change quickly below 89 EMA and then below LOC.