We are holding our BNF longs bought (27002) on friday. We will quit and short once sell signal comes. Good profit just enjoying. CP BNF is 30590.
The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently there are 79% of stocks which are above support and 21% stocks are below support. When stocks above support are below 50% we consider cash stocks to be in downtrend and above 50% we consider cash stocks to be in uptrend. This percentage when comes below 10%, we consider the markets as quite oversold and when it is above 90% as quite overbought. Today if there is a rally in the market and advance decline is positive then percentage support will again come up above 50% and then it will be a buy.
For personal consultancy on Nifty, Banknifty or Stocks you may email to neera@crnindia.com
In case you wish to give some suggestion you may go to the blog and give your feedback there on the contact form.
Thanks.
neera@crnindia.com
Disclaimer: Trading is risky and their is every chance of losing all your money.
The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently there are 79% of stocks which are above support and 21% stocks are below support. When stocks above support are below 50% we consider cash stocks to be in downtrend and above 50% we consider cash stocks to be in uptrend. This percentage when comes below 10%, we consider the markets as quite oversold and when it is above 90% as quite overbought. Today if there is a rally in the market and advance decline is positive then percentage support will again come up above 50% and then it will be a buy.
For personal consultancy on Nifty, Banknifty or Stocks you may email to neera@crnindia.com
In case you wish to give some suggestion you may go to the blog and give your feedback there on the contact form.
Thanks.
neera@crnindia.com
Disclaimer: Trading is risky and their is every chance of losing all your money.
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