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Nifty View - December |
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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Post: #241  Posted: Thu Dec 06, 2012 10:15 am Post subject: |
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| sw_das wrote: | One jhatka is here!  |
aah.. so it means walmart bharti wont happen for next 1 year atleast ? |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #242 Posted: Thu Dec 06, 2012 10:34 am Post subject: |
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| apka wrote: | | sw_das wrote: | | One jhatka is here! |
aah.. so it means walmart bharti wont happen for next 1 year atleast ? |
If RS starts properly, then we can see a upside jhatka....other wise down side jhatka to 5790 around. God knows who will open shop and who will not! |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #243 Posted: Thu Dec 06, 2012 10:49 am Post subject: |
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These issues will be used by market makers for shake out SL triggering .They almost knew the road map well in advance. In fact the road maps are drawn by them.[smilie=24.gif]  |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #244 Posted: Thu Dec 06, 2012 10:55 am Post subject: |
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| rk_a2003 wrote: | | These issues will be used by market makers for shake out SL triggering .They almost knew the road map well in advance. In fact the road maps are drawn by them.[smilie=24.gif] |
Offcourse Rk, they have to money and they have the power to build road map to suit them alike, our politicians r puppets at their hands. What is not rigged in this country? sad to see even the oxygen support life system in hospitals failing to take innocent lives |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #245 Posted: Thu Dec 06, 2012 10:55 am Post subject: |
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| rk_a2003 wrote: | | These issues will be used by market makers for shake out SL triggering .They almost knew the road map well in advance. In fact the road maps are drawn by them.[smilie=24.gif] |
Cant agree more, RK....  |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #246 Posted: Thu Dec 06, 2012 10:59 am Post subject: |
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| Samji what are the possibilities now, shall this be treated as a one off correction on the uptrend or has the trend reversed, |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #247 Posted: Thu Dec 06, 2012 11:04 am Post subject: |
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| let's wait to see what happens after 1.18pm. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #248 Posted: Thu Dec 06, 2012 11:05 am Post subject: |
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| taxmann50 wrote: | | Samji what are the possibilities now, shall this be treated as a one off correction on the uptrend or has the trend reversed, |
Many indicators are pointing to a reversal of the trend which started from around 5550 levels...but I don't know if this is a long term reversal signal. Its not yet confirmed.....but if Nifty has to go up, fresh start is needed, I feel....I very much feel that 5730-5700 levels could be tested soon...even 5650-5630 could be tested....at the same time, this view will change if we break above 5765...till that I'll suggest SELL ON RISE strategy....anyway, let's wait and see how it unfolds in the coming days.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #249 Posted: Thu Dec 06, 2012 11:06 am Post subject: |
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| sam, you mean break above 5965? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #250 Posted: Thu Dec 06, 2012 11:08 am Post subject: |
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| vinay28 wrote: | | sam, you mean break above 5965? |
 .....yes....it was not 5765..it was 5965...  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #251 Posted: Thu Dec 06, 2012 11:09 am Post subject: |
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| if it breaks below 5780, 5630/5500 are possible |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #252 Posted: Thu Dec 06, 2012 11:32 am Post subject: |
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| Sometimes back I had mentioned if Dollar Index reverses from around 81.5 levels it could go all the way to 79.5 levels...in the last few days the Dollar index was testing around 79.5 levels where it is finding good support. At the same time, the possibility of a head & shoulder pattern (bearish) hasn't vanished yet. In that case it could test even 72 levels. Another indicator is gold. Gold has always done well whenever there is excess liquidity (say QE) as it is considered as a safe heaven against inflation. For the last 2 or 3 days, gold has been pretty weak. Yesterday, it has given some kinda SELL signal. Only a close above 1720 levels will negate this view. Another thing to look is rupee, sometimes back I have posted a chart showing possible IHNS in USDINR pair. In my opinion, 54.237 (we're not far away from that at this point of time) is very key for Rupee. As long as it is not broken, rupee will head for much lower levels in the coming days. If that happen it will affect our market. Then talking about global markets, many markets are around their resistances. It means a breakout if further buying happens. Else, there is possibility of marginal sell off. The indicators are showing weakness. There are a lot to write...but may be some other time....Anyway, I'll suggest traders to be a bit cautious. Especially in going LONG. Just go for it, if you feel that the risk/reward favours it. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #253 Posted: Thu Dec 06, 2012 11:42 am Post subject: |
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| If LS runs well full recovery is possible I think. But one can go wrong in sensing intraday moves |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #254 Posted: Thu Dec 06, 2012 11:43 am Post subject: |
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| sam, check euro-INR chart, which gives real indication |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #255 Posted: Thu Dec 06, 2012 11:59 am Post subject: |
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| vinay28 wrote: | | sam, check euro-INR chart, which gives real indication |
Vinay, I'll check it today itself after the market hours. But I'm posting the Monthly chart of EURINR.....look like something big is about to happen....I'm not giving much value to the breakout as its too early to comment (as we've just begun Dec).... |
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