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Nifty View - December Series 2013 |
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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Post: #136  Posted: Sat Dec 07, 2013 12:47 pm Post subject: |
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1929 magnitude crash.....The Market economy is at it's child hood in 1929 now it is a cunning old man.It has got many more tricks in it's pocket to deal with such situations like great depression. Other wise we already would have been in a situation worse than the great depression by this time.
There could be a severe correction in all probability once the sovereign debt bubble and $ bubble bursts .Any way with my little experience I am realizing that it's really hard to take a short position in such situations if not impossible. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #137 Posted: Mon Dec 09, 2013 8:09 am Post subject: |
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At last an all time high. First posted in Jan and later reiterated in April and Sept. Many laughed, some ridiculed, others ignored. SO WHAT?  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #138 Posted: Mon Dec 09, 2013 8:28 am Post subject: |
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| vinay28 wrote: | | At last an all time high. First posted in Jan and later reiterated in April and Sept. Many laughed, some ridiculed, others ignored. SO WHAT? |
I dont know who laughed. I was on similar track with you. 
I will also update the cup n handle chart later, it is working out perfectly in line for tgrt 6900. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #139 Posted: Mon Dec 09, 2013 12:39 pm Post subject: |
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| Dear longs take care,nowadays mkt is over reacting on each and every matter,in the long side only,why?big players wanted to offload their holdings before the USA tapering announcement.Already us mkt has given the hint by way of better job data.You just watch the political drama going on in Delhi.Whether you are going short or not better try to book your longs before the mkt starts to over react in the other side. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #140 Posted: Mon Dec 09, 2013 12:47 pm Post subject: |
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| Buy on reaction...reaction has happened since today's high...if 6340-6350 holds...we shall restest 6400+ and 6500+ over this week ...offloading can work even higher!!! |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #141 Posted: Tue Dec 10, 2013 10:33 am Post subject: |
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NF +ww 5 min tf tgt 6420
Also, may form CnH in 5 min tf
If so, once above, tgt 6425 |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #142 Posted: Tue Dec 10, 2013 11:23 am Post subject: |
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| Heavy weights Reliance,Infy,TCS,ITC in positive zone. Only heavy weight in negative zone is Icici bank.As long as these heavy weigts stay +ve the chance for going down deep is remote. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #143 Posted: Tue Dec 10, 2013 11:35 am Post subject: |
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| rk_a2003 wrote: | | Heavy weights Reliance,Infy,TCS,ITC in positive zone. Only heavy weight in negative zone is Icici bank.As long as these heavy weigts stay +ve the chance for going down deep is remote. |
LT |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #144 Posted: Tue Dec 10, 2013 11:50 am Post subject: |
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| Yes! I missed it.It's a leader in -ve zone. |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #145 Posted: Tue Dec 10, 2013 2:29 pm Post subject: |
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vinay,
Current views on nifty plzzzzzzzzzzzz..... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #146 Posted: Tue Dec 10, 2013 3:11 pm Post subject: |
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| manojkr78 wrote: | vinay,
Current views on nifty plzzzzzzzzzzzz..... |
manoj, at this instant, I am long in nifty but short in infy/tisco. I may cover nifty long partially around 6370NS and go short. I may also short axis soon |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #147 Posted: Tue Dec 10, 2013 3:25 pm Post subject: |
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| hi again i would comment that TISCO is holding 418 spot well for past 4-5 days....it is distribution going on...which means "sell" above "high".....i.e i would sell around 433-437 rather than 420-422 futures prices.....again different trading strategy...different time frames for each |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #148 Posted: Tue Dec 10, 2013 3:47 pm Post subject: |
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vinay,
let us know if your views do change..... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #149 Posted: Tue Dec 10, 2013 4:05 pm Post subject: |
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| manojkr78 wrote: | vinay,
let us know if your views do change..... |
SL for long in nifty is a bit below today's low i.e.6317. Note today's freak trade in NF. It gave me a suspicion that bottom was over in first second. So I waited for intraday fall before taking entry around 6348 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #150 Posted: Tue Dec 10, 2013 4:43 pm Post subject: |
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| the close before the gap up...NF 6322 is important...and NF can fall till there also....NS 6265/6280 is support |
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