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Nifty View - December |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #31  Posted: Fri Nov 30, 2012 2:25 pm Post subject: |
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| sam, HnS has the least success ratio. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #32 Posted: Fri Nov 30, 2012 2:28 pm Post subject: |
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| vinay28 wrote: | | sam, HnS has the least success ratio. |
But Vinay I read it is also most reliable when found in an uptrend, |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #33 Posted: Fri Nov 30, 2012 2:28 pm Post subject: |
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| 5900-20 is not my target sam but that's where I intend to add to my shorts. Nifty is close to the end of its rally for a few days I feel. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #34 Posted: Fri Nov 30, 2012 2:39 pm Post subject: |
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| Nifty has given a monthly close above 6000 only twice and above 6100 only once in last 30 months. Dec may be third time. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #35 Posted: Fri Nov 30, 2012 2:40 pm Post subject: |
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| vinay28 wrote: | | 5900-20 is not my target sam but that's where I intend to add to my shorts. Nifty is close to the end of its rally for a few days I feel. |
Vinay, Cup & Handle dedicated to your target of 5900-5920.....so, let's see if this pattern gets completed today or on monday...  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #36 Posted: Fri Nov 30, 2012 2:41 pm Post subject: |
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| sam, CnH on monthly gives MUCH higher levels. Santaclaus effect |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #37 Posted: Fri Nov 30, 2012 2:42 pm Post subject: |
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| vinay28 wrote: | | sam, CnH on monthly gives MUCH higher levels. Santaclaus effect |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #38 Posted: Fri Nov 30, 2012 2:52 pm Post subject: |
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| taxmann, Bulkowski has ranked it 7th best out of 23 so not the least really |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #39 Posted: Fri Nov 30, 2012 2:58 pm Post subject: |
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| Below 5850, the market could be weak.....let's see if the market can hold 5850 levels...if so, there is good chance to test 5900-5920 levels...below that its anyone's guess.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #40 Posted: Fri Nov 30, 2012 3:06 pm Post subject: |
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sam, if you want a new high in dec, you must tell me in advance so that I can allocate a few B$.  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #41 Posted: Fri Nov 30, 2012 3:17 pm Post subject: |
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| vinay28 wrote: | | sam, if you want a new high in dec, you must tell me in advance so that I can allocate a few B$. |
Vinay, if the market makes a new high on monday, I want the market to go down so that I can buy for long term from lower...but even if the market doesn't make a new high on monday, then I'll adjust with my PUTs... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #42 Posted: Fri Nov 30, 2012 3:28 pm Post subject: |
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| by new high I mean 6330+ |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #43 Posted: Fri Nov 30, 2012 3:46 pm Post subject: |
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| vinay28 wrote: | | by new high I mean 6330+ |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #44 Posted: Fri Nov 30, 2012 3:46 pm Post subject: |
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| psalm wrote: | | Is Nifty forming a Head & Shoulder Pattern in the Daily charts??????. Just wanted to share this. So, as long as we doesn't close above 5880 or so, this pattern could be completed in the future. Just wanted to share it... |
A perfect shoulder for a downmove??...or a perfect launchpad for an upmove to 6150???....only time will tell....  ....Happy Weekends.... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #45 Posted: Fri Nov 30, 2012 5:44 pm Post subject: |
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| isn't december always painstakenly dull month for trading because fii go on holidays? in that view should we consider that even on lower volumes the resistence at 5950 and psychological figure 6000 will cross easily? |
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