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BUY NIFTY NOW |
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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Post: #1  Posted: Mon Dec 12, 2011 1:09 pm Post subject: BUY NIFTY NOW |
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| One can buy the Nifty future now around 4780/4790 levels with stoploss at 4750 for a target of 4930. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #2 Posted: Mon Dec 12, 2011 1:31 pm Post subject: |
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| psalm, 4930 or 4830? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3 Posted: Mon Dec 12, 2011 1:39 pm Post subject: |
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| 4930 is possible in a few days. But please know that the overall trend is down. This is just for trading. Just for 2 or 3 days. Its a risk worth taking as a trader I guess. The risk-reward here is 1:4. You can change the stoploss to today's low if the market goes above 4820. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4 Posted: Mon Dec 12, 2011 2:58 pm Post subject: Watchout for 4778 |
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| Keep a stoploss of 4778 if you are an intraday trader. Exit longs if nifty goes below 4778 if you are an intra-day trader. NIfty is just above this level now. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5 Posted: Mon Dec 12, 2011 3:14 pm Post subject: Keep a Strict Stoploss |
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| If you have bought Nifty around 4780-4790 keep a strict StopLoss of 4750 (spot level). |
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acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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| Post: #6 Posted: Mon Dec 12, 2011 3:43 pm Post subject: Re: Keep a Strict Stoploss |
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| psalm wrote: | | If you have bought Nifty around 4780-4790 keep a strict StopLoss of 4750 (spot level). |
Do you see any hope of recovery tomorrow?
Is the stop loss same for the carried long? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #7 Posted: Mon Dec 12, 2011 3:56 pm Post subject: Hope for the best |
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acharyams,
4745/4740 (spot) is the level to watch out for tomorrow. That's y i have asked to keep a strict stop-loss around 4750 future. But if it doesn't hold 4750 tomorrow, there could be another bout of selling happening which might take the market to 4600 levels again. I'm not really hopeful for the market in the medium term. But for tomorrow, if 4750 does hold, then a bounce back is possible which might take nifty to 4900 levels. Keep the stop-losses and hope for the best. For long-term investors, this is a is a SELL ON RISE market as the medium term trend is clearly down. |
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Gemini
White Belt
Joined: 28 Apr 2009
Posts: 166
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| Post: #8 Posted: Mon Dec 12, 2011 4:21 pm Post subject: |
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Good updates. Thanks. We can continue this thread for Nifty future / option strategy...
Nifty is at a very crucial stage and considering overall economy / political situation, I agree with your assessment. However, as they say, Market is supreme  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #9 Posted: Mon Dec 12, 2011 4:35 pm Post subject: Gemini |
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You are absolutely right. Market is the King. We can only guess, how it might pan out. We'll never know what will happen until that day or even that moment.  |
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