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Nifty View - December |
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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Post: #421  Posted: Fri Dec 07, 2012 3:34 pm Post subject: |
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| stevenmat wrote: | PM ?  |
It’s a personal message in your I chart message box. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #422 Posted: Fri Dec 07, 2012 3:36 pm Post subject: |
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| sw_das wrote: | | psalm wrote: | | vinay28 wrote: | sam I promised you 5890 yesterday.  |
I had promised 5730 and lower earlier....beware... hahaha....just kidding....by the way, I was looking at 5880-5870 range for support....the market hasn't even tested there...anyway, will have wait and see how things are next week....one can even have have a stop above today's high of 5950, I feel...so, now, I'm pretty happy with the stop of 5965...as I'm not worried about any whipsaws....  |
Patience will pay more.  |
I am not sure about it. A good US job data expected.RS will pass FDI.Monday could very well be a positive day. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #423 Posted: Fri Dec 07, 2012 3:37 pm Post subject: |
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| rk_a2003 wrote: | | sw_das wrote: | | psalm wrote: | | vinay28 wrote: | | sam I promised you 5890 yesterday. |
I had promised 5730 and lower earlier....beware... hahaha....just kidding....by the way, I was looking at 5880-5870 range for support....the market hasn't even tested there...anyway, will have wait and see how things are next week....one can even have have a stop above today's high of 5950, I feel...so, now, I'm pretty happy with the stop of 5965...as I'm not worried about any whipsaws.... |
Patience will pay more. |
I am not sure about it. A good US job data expected.RS will pass FDI.Monday could very well be a positive day. |
Rk....he was talkin abt the LONGs, I feel....not sure though... |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #424 Posted: Fri Dec 07, 2012 3:43 pm Post subject: |
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| psalm wrote: | | rk_a2003 wrote: | | sw_das wrote: | | psalm wrote: | | vinay28 wrote: | | sam I promised you 5890 yesterday. |
I had promised 5730 and lower earlier....beware... hahaha....just kidding....by the way, I was looking at 5880-5870 range for support....the market hasn't even tested there...anyway, will have wait and see how things are next week....one can even have have a stop above today's high of 5950, I feel...so, now, I'm pretty happy with the stop of 5965...as I'm not worried about any whipsaws.... |
Patience will pay more. |
I am not sure about it. A good US job data expected.RS will pass FDI.Monday could very well be a positive day. |
Rk....he was talkin abt the LONGs, I feel....not sure though... |
No, said about Short. it can pay more. if you analyze news evens are approaching, it is possible that after a few twist and turn we move down somewhat. but early days, but possible by 18th |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #425 Posted: Fri Dec 07, 2012 3:51 pm Post subject: |
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| sw_das wrote: |
No, said about Short. it can pay more. if you analyze news evens are approaching, it is possible that after a few twist and turn we move down somewhat. but early days, but possible by 18th |
I believe that the market works on fundamentals....but I don't believe that all the moves are driven by some news things....For example, I just don't believe that the market gone up yesterday because of the comments by BSP. Similarly, I don't believe that if SP says something, it will make the market go up or down. However, the market was going up, because of the policy changes by the govt including the FDI in retail. The market would have gone up yesterday even if BSP didn't say anything. In that case, the new you'll be getting will be like this "BSP didn't attack the congress which is good for the motion". ...If you ask most of the traders or serious players about the outcome of this debate and voting in parliament. They were almost sure of it, that the bill will get passed easily. But news of earthquake or other "acts of god" could make sudden changes in the market. Other than that "everything is planned". If the plan is to make the index higher, it will happen even if the bill is passed or not. That's what I believe....I know that many wont agree with me. But that's what I feel... |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #426 Posted: Fri Dec 07, 2012 3:54 pm Post subject: |
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| psalm wrote: | | sw_das wrote: |
No, said about Short. it can pay more. if you analyze news evens are approaching, it is possible that after a few twist and turn we move down somewhat. but early days, but possible by 18th |
I believe that the market works on fundamentals....but I don't believe that all the moves are driven by some news things....For example, I just don't believe that the market gone up yesterday because of the comments by BSP. Similarly, I don't believe that if SP says something, it will make the market go up or down. However, the market was going up, because of the policy changes by the govt including the FDI in retail. The market would have gone up yesterday even if BSP didn't say anything. In that case, the new you'll be getting will be like this "BSP didn't attack the congress which is good for the motion". ...If you ask most of the traders or serious players about the outcome of this debate and voting in parliament. They were almost sure of it, that the bill will get passed easily. But news of earthquake or other "acts of god" could make sudden changes in the market. Other than that "everything is planned". If the plan is to make the index higher, it will happen even if the bill is passed or not. That's what I believe....I know that many wont agree with me. But that's what I feel... |
I agree with you, UPA won te voting in RS at 3.15pm while NF moved to the low thereafter so the movement is clearly not because of these news. Yes events beyond our control may make impact and that we have to wait and see, |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #427 Posted: Fri Dec 07, 2012 4:03 pm Post subject: |
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| We are saying about shorter term moves. along with chart, understanding of how market reacts to news events help. Just my thinking. If we analyze multiple things, we can build consensus in our mind and take a trade or understand moves. Just a thought. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #428 Posted: Fri Dec 07, 2012 4:15 pm Post subject: |
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Finally it takes a Tsunami to have nifty close in red...  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #429 Posted: Fri Dec 07, 2012 4:20 pm Post subject: |
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| sw_das wrote: | | We are saying about shorter term moves. along with chart, understanding of how market reacts to news events help. Just my thinking. If we analyze multiple things, we can build consensus in our mind and take a trade or understand moves. Just a thought. |
I agree with you to a certain extent....I have seen silly reasons mentioned for the market go up.....I have seen it many many times....that's why I have said that....but yes, the market will react to events.....if you watch the U.S or European markets closely these days, you can see at crucial points there will be somebody comment which will suddenly affect the market. For example some days back, U.S. speaker of the house, John Boehner made some comments regarding the Fiscal Cliff. That day's move was attributed to him and his comments. ....the next day another guy from the opposition made some comment regarding John Boehner's comment. That days move was attributed to him. These kinda move wil lalways go on. But you and me know that the market doesn't work that way. But everyday, they need something to move the market here or there. For that they always take the help of the stupid media syndicates.....by the way, I was explaining why I don't believe that these news items may not have much impact on the market....other than for a few minutes... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #430 Posted: Fri Dec 07, 2012 4:22 pm Post subject: |
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| taxmann50 wrote: | | Finally it takes a Tsunami to have nifty close in red... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #431 Posted: Fri Dec 07, 2012 5:41 pm Post subject: |
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next week will be even more confusing  |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #432 Posted: Fri Dec 07, 2012 5:47 pm Post subject: |
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| apka wrote: | | next week will be even more confusing |
Why so? If you r having confusion please share with us. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #433 Posted: Fri Dec 07, 2012 7:52 pm Post subject: |
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most of the fundamentals are in public domain and they don't have any effect on market as inside info makes prices anyway and TA can spot the trend. Only surprises affect prices e.g. a 50 bps cut instead of 25 bps cut in rates by RBI as expected by majority or a sudden news about huge earthquake and impending tsunami or a death of someone which FIIs believe can affect market.
I feel market won't go down much, worst case 5780 but probably 5888/5858/5828 and that it may improve from 12th or latest 19th. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #434 Posted: Fri Dec 07, 2012 9:31 pm Post subject: |
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Self-explanatory weekly Nifty Chart. Please don't ask me any questions. No theory behind it, a simple observation of symmetry. It’s not named as trapezoid theory.  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #435 Posted: Fri Dec 07, 2012 10:10 pm Post subject: |
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| RK, join your first low (which you have started your TL from) with this march high and extend and see mirror image. |
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