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Saturday, November 6, 2010

Market Status

 

Market status is bullish.

Oops… What a record breaking week. NIFTY and SENSEX closed at all time high. Now what is left is a breakout above the highest level achieved, which is just a Kissing Distance away. The rising window pattern formed in the last two trading sessions are probably indicative of the post Diwali fireworks to follow.

 

www.ftalarms.com Trade Signal: When I wrote my last Weekly Report, it was showing bearishness. But at the beginning of the week, Ftalarms, gave a buy signal and needless to say what followed.

 

Now the stock selections side, there are only bullish selections. There are far too many…