Track Trends Of Nse Nifty

Track trends of NSE Nifty, BSE Sensex, Stocks & MCX Commodities in India This blog is dedicated to track trends of BSE Sensex, NSE Nifty, Individual stocks and commodities traded on the Indian Stock and Commodity Exchanges. TrendCues.com endeavours to forecast the market trends using Technical Analysis tools on online price charts. SATURDAY, JANUARY 17, 2009

Sensex consolidates between 9000 and 9500 Sensex picked up the bullish trend when the 20 day WMA crossed over the 50 day WMA from below at 9483 on 19 Dec 2008, the day when Sensex closed at 10099.91. That was the second consecutive close above the dream 10000 mark following the previous day. For fundamental reasons (Satyam stock fiasco) the market lost a record 750 points in one single day on 7 Jan 2009, when Sensex closed at 9586.88. Thereafter sensex is hovering above 9000 mark and consolidating towards 9500, the point where strong support offered by the 50 day WMA is available. The 20 day WMA seen pointing down to cross the 50 day WMA from above, which is a bearish note. But the prices are seen moving towards the 50 day WMA signalling a strong support prevailing at current levels. As sensex finding support at current levels, it would be wise to consolidate long positions to reap the benefit of sensex moving towards the dream 10000 mark again. Technically speaking, with Sensex consolidating between 9000 and 9500, the earlier forecast of bullish trend for 2009 still stands valid. Labels: bse-index, market-outlook, sensex-forecast, sensex-jan-2009, technical-analysis posted by TrendCues.com @ 5:00 PM 4 Comments Links to this post SUNDAY, DECEMBER 21, 2008

Sensex turns bullish for 2009

Sensex has seen a strong uptrend in the past one week and closed consistently above 10000 points in the last two trading sessions. The following developments confirm a bullish trend for Sensex in the short term:

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• Strong close above 10000 points 20 days Weighted moving average (WMA) cutting the 50 days WMA from below (Refer Circle-3 in the image above) • Triangular formation break-out at top (Refer Circle-2 in yellow in the image above)

Now lets measure the momentum of this bullish move. In other words what is the potential upswing that one can expect out of this bullish trend set to take off in the short term. The triangulare formation holds the key. In technical parlence, the points forming the triangle are measured to calculate the potential movement from the point of break out. In this case the triangle formation can be considered to have formed with 11800 on top (Refer Circle-1 in blue) and 7800 at the bottom. Therefor the potential upside move is 4000 points from the point of break out. Roughly 9200 being the point of breakout (Circle-2) and the break out is on the top side, the market has the potential to move 4000 points from 9200 points. That fixes a target of 13200 points for Sensex in the near term (about 1 to 3 months from the date of break out). While 13200 is only a target for the potential upswing, it is advised to book profit at every high touched by Sensex from the current position until it is a confirmed trend reversal with strong indicators for a prolonged bull phase above 14000 points. Labels: bse-index, market-outlook, sensex-forecast, sensex-jan-2009, technical-analysis posted by TrendCues.com @ 11:09 PM 2 Comments Links to this post

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Sensex consolidates between 9000 and 9500 • Sensex turns bullish for 2009 • NSE Nifty Technical Analysis • BSE Sensex Technical Analysis • Sensex outlook weak for next week Sensex Targets 12000 in a downward channel • Sensex outlook bearish for short term First forecast on Trendcues.com turns success • New Topic added recently • Sensex breaches support at 16000

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What Is Active Trading? Current Quotes & News That You Can

Use...Today! Can you make enough money trading stocks in today's stock market to leave your current job? Certainly! Of course, there is also the risk that you may end up further in financial debt from losses as a result of picking the wrong stocks. Understanding the difference between bullish and bearish charts, stock options, short sells, limit buys and sell stops as a couple of examples, can be the key to making or breaking your bank account. Let's have a quick look at a few of these terms to help get you ready to start trading stocks. You'll read in the news everyday about stock options. These financial instruments are usually best left to experienced traders who don't mind

taking more risk. A stock option allows the owner to purchase shares of a stock at a specific price point. In today's stock market company executives will typically be compensated for their work by being issued stock options. For example, if a CEO receives 100 000 options, he may be able to buy them as soon as the share price moves above say, $0.50. He doesn't have to exercise them right away. Lets fast forward the clock ahead a few years, and the company's shares now trade at $1.50. He has the option to purchase the shares at $0.50 and sell if he wants into the open market making himself $100 000 in profit. Of course, if the price never gets above $0.50, then his options are worthless. Options can also expire, so in theory, its in the

CEO's interest to move the share price higher. Experienced traders can also trade options, and often will protect their investment by buying what are called covered calls. Simply put, if the share price moves higher, the calls are deemed worthless, however, the stock that the trader purchased has moved up in value. If the trade goes the other way, its the covered call that makes money. Short selling is simply the act of borrowing shares at one price, and buying them back at another price, ideally lower.