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King gave breakout |
givemegold
White Belt
Joined: 12 Sep 2010
Posts: 121
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Post: #1  Posted: Mon Aug 06, 2012 10:32 am Post subject: King gave breakout |
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King broken out the falling trend line drawn from March- April 2011 highs. This is going to be leader of this rally - supported by banks. watch out this.    
Last edited by givemegold on Mon Aug 06, 2012 11:53 am; edited 1 time in total |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #2 Posted: Mon Aug 06, 2012 10:52 am Post subject: |
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givemegold: sorry, i didnt understand. so openly asking question. who is this king? any target as seen by you? eg NF going to 5600/ 5900/?
thanks in advance, prakash holla |
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kishjk7551
White Belt
Joined: 26 Jan 2008
Posts: 293
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| Post: #3 Posted: Mon Aug 06, 2012 11:15 am Post subject: |
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| pkholla wrote: | givemegold: sorry, i didnt understand. so openly asking question. who is this king? any target as seen by you? eg NF going to 5600/ 5900/?
thanks in advance, prakash holla |
Prakash holla he means Reliance. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #4 Posted: Mon Aug 06, 2012 11:21 am Post subject: |
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| Jayant, you are right. but problem is after Dhirubhai's demise both sons are pygmies and look very un-king like and neither is fit to take over his simhasan! regards, prakash holla |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #5 Posted: Mon Aug 06, 2012 11:26 am Post subject: |
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| RIl rally has been considered as the last one for sensex/nifty for decades |
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givemegold
White Belt
Joined: 12 Sep 2010
Posts: 121
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| Post: #6 Posted: Mon Aug 06, 2012 2:58 pm Post subject: |
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Market pulse says FIIs are smelling some thing good - some market friendly pudding is being cooked in NewDelhi. Smart monies are planning for Feb 2012 high during this month - with that target in mind more accumulation done around 5100,,,, and the final push is expected around 5360. above that, point to point run-up is expected till Feb 2012 high. Bulls enjoy   |
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givemegold
White Belt
Joined: 12 Sep 2010
Posts: 121
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| Post: #7 Posted: Mon Aug 06, 2012 6:51 pm Post subject: |
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| givemegold wrote: | | Market pulse says FIIs are smelling some thing good - some market friendly pudding is being cooked in NewDelhi. Smart monies are planning for Feb 2012 high during this month - with that target in mind more accumulation done around 5100,,,, and the final push is expected around 5360. above that, point to point run-up is expected till Feb 2012 high. Bulls enjoy |
The above message posted during market hours. abhi dekhiye, what our fm is saying: ** also assured that the government will modify policies to regain investor confidence. The FM said that the government must remove investors' apprehensions by attracting investment key to start growth engine. Meanwhile, PSUs will be encouraged to investment. The government will also have non-adversarial tax policies and fine tune policies to attract capital. There will be steps to push investment in MFs and insurance, FM promised. **
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shahrachit
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Joined: 12 Jul 2012
Posts: 117
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| Post: #8 Posted: Mon Aug 06, 2012 7:17 pm Post subject: |
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| Fingers crossed |
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givemegold
White Belt
Joined: 12 Sep 2010
Posts: 121
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| Post: #9 Posted: Tue Aug 07, 2012 9:45 am Post subject: |
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To-day's menu - While King is relaxing to-day (smart ones are accumulating at every dip is another story) - banks / IT are supporting - bringing up nifty.. Indian Rupee is appreciating in synchronized way...what a nice co-ordination--- oh my bull darling  |
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givemegold
White Belt
Joined: 12 Sep 2010
Posts: 121
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| Post: #10 Posted: Tue Aug 07, 2012 1:09 pm Post subject: |
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| givemegold wrote: | | To-day's menu - While King is relaxing to-day (smart ones are accumulating at every dip is another story) - banks / IT are supporting - bringing up nifty.. Indian Rupee is appreciating in synchronized way...what a nice co-ordination--- oh my bull darling |
Reiterating -- INR is appreciating in a synchronized way with a target roughly around 53.
Bank nifty - breakout point some where just below 11K. Breakout target is 13K.
Bulls darling - Watch this space   |
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givemegold
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Joined: 12 Sep 2010
Posts: 121
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| Post: #11 Posted: Tue Aug 21, 2012 3:19 pm Post subject: |
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(The following writeup is Copy/pasted some where from the net).
Last few days Nifty (spot) has been closing above the critical level 5360 - also it closed above 5360 in weekly charts.
The fine part is Domestic Institutional Investors ( DII ) who have been selling consistently during the last two months - turned buyers. This is in support of FII (Foreign Institutional Investors) bullish stand who have been net buyers so far since few months.
Day by Day support levels are Tested few times and once it is convincingly strengthened bulls moved nifty to the next orbit. On 17-Aug-2012 Nifty spot hit a high at 5399.95 / today (21-Aug-2012) till now (13.25 hrs India Time) bulls are trying it break it out.
As the probabilities are high that global markets also going to witness a nice bull support at higher levels - Nifty is likely to scale upto February 2012 highs without any hitch.
Vengeful bulls back on track - to do a tight squeeze on shorter |
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givemegold
White Belt
Joined: 12 Sep 2010
Posts: 121
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| Post: #12 Posted: Wed Aug 22, 2012 9:49 am Post subject: |
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To-day king back in action to support bulls. IT - banks (particularly private banks) most likely to bounce back. Bulls buying at every dip.
Reiterating once again -- INR is appreciating in a synchronized way with a target roughly around 53.  |
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givemegold
White Belt
Joined: 12 Sep 2010
Posts: 121
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| Post: #13 Posted: Thu Aug 23, 2012 12:17 pm Post subject: |
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Witness bulls action once Europe opens in deep green; thanks to Germany’s gross domestic product, that rose in the last quarter, official data showed on Thursday.
Bulls enjoy
BTW, are you enjoying rupee appreciation, which i have been messaging and alerting here since many days ago..  |
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givemegold
White Belt
Joined: 12 Sep 2010
Posts: 121
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| Post: #14 Posted: Thu Aug 23, 2012 12:35 pm Post subject: |
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my understanding says, probably financials will do a rocking performance; i expect 10700 target banknifty future today. If it closes well above that in this week, August f&o series itself we might see 11,000.  |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #15 Posted: Thu Aug 23, 2012 1:32 pm Post subject: |
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A close below 808 will be painful for the KING  |
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