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Nifty Price action |
SyndicateTrader
White Belt
Joined: 31 Oct 2010
Posts: 19
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Post: #16  Posted: Tue Nov 09, 2010 12:01 pm Post subject: |
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| exit long positions and stay away from market.. |
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SyndicateTrader
White Belt
Joined: 31 Oct 2010
Posts: 19
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| Post: #17 Posted: Tue Nov 09, 2010 12:22 pm Post subject: |
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can initiate shorts but with strict sl of 6280 only for risky traders.. Also go short with 50 percnt of your full capacity
Rgrds,
Syndicate trader |
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #18 Posted: Tue Nov 09, 2010 8:37 pm Post subject: |
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a few this kind of days in a series and market will become a grave yard, what u think st junior??  |
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SyndicateTrader
White Belt
Joined: 31 Oct 2010
Posts: 19
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| Post: #19 Posted: Tue Nov 09, 2010 10:03 pm Post subject: |
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Yes Casper correct... 
Today there was a Failed trade... But I think this is the beauty of the market... We go ahead with our analysis Today market gave an indication that it wants to take pause before moving either side.. Traders should stay away from such market.. If it decisively break and closes below 6270-6265 then can take a bearish stance.. For bullish outlook it should decisively break and close above 6328-6335.
I think it is getting ready to take out all time high... before that moves like today may take place to shake out weak holders...
Regards,
Syndicate Trader |
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SyndicateTrader
White Belt
Joined: 31 Oct 2010
Posts: 19
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| Post: #20 Posted: Wed Nov 10, 2010 10:28 pm Post subject: |
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One more rangebound day... on these kind of days professionals are busy in either accumulation or distribution... normally if on these days price remains below previous day's close for most of the time in intraday then it is accumulation.. and reverse is true if its distribution... its not a rule.. but a general observation.. if we go with this then we can assume that accumulation is going on in nifty... lets see whrere it breaks...
Levels to watch out for tomrw if market closes above 6320 it will be an upside break out and if it closes below 6260 then we may see further down side...
Happy trading
Regards,
Syndicate Trader |
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SyndicateTrader
White Belt
Joined: 31 Oct 2010
Posts: 19
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| Post: #21 Posted: Fri Nov 12, 2010 9:38 am Post subject: |
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| buy nifty with 6140 spot as stop loss |
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #22 Posted: Fri Nov 12, 2010 10:24 am Post subject: |
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tgts for nifty pl!
regs
ridinghood
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ashokrajan
White Belt
Joined: 06 Sep 2010
Posts: 8
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| Post: #23 Posted: Fri Nov 12, 2010 10:26 pm Post subject: |
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Dear SyndicateTrader,
Thanks for sharing the strategy.
I have few doubts as per your post on 4 Nov.
Can you bit elaborate on arriving Support & Resistance levels.
As you have arrived S & R levels in a particular zone starting from 25 Oct to 3 Nov. why you have taken 6151 as supp as there was an another high on 6182 in that zone.
Thanks,
Ashok |
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guptachetan
White Belt
Joined: 06 Mar 2010
Posts: 7
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| Post: #24 Posted: Sun Nov 14, 2010 3:16 pm Post subject: NIFTY |
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NIFTY CORRECTION 6000 SUPPORT 1 5900 SUPPORT 2 5800 SUPORT 3
BANKING STOCKS WILL CORRECT MORE AS CORRECTION NOT COMPLETE YET !!!!
TIME COMING TO BUY NIFTY BUT U NEED 2 KEEP PATIENCE !!! |
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