Market after a long consolidation phase seems to have broken down. Intraday charts look oversold and like every other breakdown markets usually bounce back to test the resistances before continuing their journey further. So for now, I covered all shorts and am waiting for the next rise to short again...resistance for this rise will now be near about 5070 - 5080.....overall markets are looking weak only for the time being.
Tuesday, December 15, 2009
Monday, December 7, 2009
A new start...
Its been a really longtime since I posted something on this blog. Work has kept me very busy and I have been catching up a lot on my other interest...technology....and now I see that my interests are converging for the better onto one topic - machine trading.....as I delve deeper in this domain, I feel there are folks out there who can offer a lot of insight in this area and probably help me in testing some of the stuff I have started writing. What I would like to know from the readers of this blog are various trading strategies that they adopt...be it intraday, short term or longterm trades....do drop me a note and they will all be helpful in creating this small piece of software
Also, if you know of some trading terminals with which I can interface with...some ODIN interface or even some commercially available APIs on NSE, please leave a comment and it will be of immense help to me.
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