Follow State of the Market on Twitter

Filed Under (Miscellaneous) by Deepak Singh on 27-02-2010

Follow me on Twitter

I am planning to be active on twitter now. Get intra-day market updates on Twitter with charts and funny comments. My Twitter URL: http://twitter.com/smarket

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Stock Charts: Turning Point

Filed Under (Stock Observations) by Deepak Singh on 25-02-2010

Here are three stock charts that are at turning point and can go either way…..

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Wait and Watch Play

Filed Under (Market Observations) by Deepak Singh on 25-02-2010

There are various strategies used by traders in the market like Buy and hold, Momentum trading etc. One of them is also called - Wait and Watch. In this strategy, as the name suggests - one is best advised to do nothing. Market right now is testing everyone’s patience and let’s see who blinks first. With F&O expiry today and budget tomorrow, it is difficult to envisage big bang move in any direction.

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Stagnant Market

Filed Under (Market Observations) by Deepak Singh on 24-02-2010

The job of the market is to flow in the direction of the trend. But when there is anxiety and confusion - it creates stagnancy. Right now, that’s the current state of the market - Going nowhere. With budget just couple of days away and global markets not looking great - traders can HOPE for some directional move.

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Trading Noise

Filed Under (Market Observations) by Deepak Singh on 23-02-2010

There is always a difference between noisy and trending market. Right now, we are in a noisy market. There is intense discussion going on from budget to state of the market but amidst all this noise market is going nowhere…..

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Headless Chicken Market

Filed Under (Market Observations) by Deepak Singh on 22-02-2010

The market is in complete confused state of mind and bulls and bears seem to be applying its full force in either direction with no logic at play. Result: Market is just all over the place - getting pushed around depending on news flow, sentiment and global cues.

We are about to enter Budget week and it would be interesting to see whether the current push-pull mode prevails or things are about to change? Generally, in budget week - it is too much of noise than real market action that dominates mind space.

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Random Observations

Filed Under (Stock Observations) by Deepak Singh on 19-02-2010

Pictures speak louder than words. In this article, I want to focus on few stock charts which are trying to tell interesting stories. Take a look :-)

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Quiz Time

Filed Under (Market Observations) by Deepak Singh on 18-02-2010

What is market doing right now?

  1. Pulling back to resistance point [20 week ma] to sell off again;
  2. Settling in a range between 200 dma and 100 dma;
  3. Setting itself for New High; OR
  4. None of the Above [Fooling everybody].

This is the question before every market participant right now; and there is negative marking for the above question. Which answer will you tick? I am giving it a pass because to be honest - I have no idea. [If there is no negative marking - I will chose 1]

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Hindustan Unilever@ Support

Filed Under (Stock Observations) by Deepak Singh on 17-02-2010

Hindustan Unilever has managed a decent bounce from levels of 230 in last two days. Is this move sustainable? Here’s a quick chart check -

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Stay Nimble

Filed Under (Market Observations) by Deepak Singh on 17-02-2010

Globally, markets are up - are you excited? Well - There is too much of noise right now; and the market requires one to be nimble in current environment of uncertainty. The traders commitment should not be to a market direction but to stay nimble. We are in a market environment where nothing sticks - neither gains nor losses. This is a market to play and go home.

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