Is this the last day of the fantastic NSE NIFTY rally that started in March 2009?
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Last day of the rally
- Thread starter MONEY4NOTHING
- Start date
Long term resistance is the biggest reason. Here are some more:
1) NSE NIFTY is up >80% from March 2009
i.e., Indian markets are up >80% in 3 months without meaningful pullback.
2) Options data shows overhead resistance.
3) Market went up 2.3% today, but declines were more than advances (566 adv vs. 690 declines).
Here are some ETFs tracking Indian markets:
INP
PIN
EPI
1) NSE NIFTY is up >80% from March 2009
i.e., Indian markets are up >80% in 3 months without meaningful pullback.
2) Options data shows overhead resistance.
3) Market went up 2.3% today, but declines were more than advances (566 adv vs. 690 declines).
Here are some ETFs tracking Indian markets:
INP
PIN
EPI
Quote from Ivanovich:
Please post a bit more analysis in your thread, or use your other thread that called the short on the S+P. Otherwise I have to move this thread.
Thanks for your understanding.
Thanks,
Buy buy buy.
Buy buy buy.
NIFTY kissed the top good bye one more time today. Sold some more at 4688 and covered them at 4610. Still holding the 2/3rd position for additional downward action...
Quote from MONEY4NOTHING:
Covered 1/3rd of my short position at 4600...holding remaining position for additional downward action.