Wednesday, March 10, 2010

Holdings Update: JAGRAN & TV-18

JAGRAN, has given a Red impulse bar indicating reversal in the trend. Close long below today's low of 117.00

TV-18, though closed weak is above EMA. Hold position for further moves.

NIFTY, Daily charts have made higher high on MACD Histogram, while MACD lines have gone above zero. Trade long after Nifty pulls to value. Today's EMA levels are 4970, which is quite far away from present values. It may take time before both EMA and value meets. Wait till then to trade long on Hourly charts. Daily charts do not have any trade on the long side, wait for shorts.

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