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Nifty View - December
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Author Nifty View - December
SP50
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Joined: 26 Nov 2010
Posts: 1615
Post: #481   PostPosted: Tue Dec 11, 2012 2:50 pm    Post subject: Reply with quote
psalm wrote:
taxmann50 wrote:
Signals are mixed and there is no reason why markets should not go up again to test todays high.
If anyone forgot the 100 point run from days bottom few days back then its not good.
Laughing


Many are getting more and more optimistic now......like you have just pointed out....earlier it was too much bearishness.....now the situation is changing....people are getting more and more optimistic.....even after a reasonable profit booking....good for the bulls or bears???..only time will tell.... Smile


The bears wanted correction and the bulls wanted to take some profit out so what better than to meet both ends on a day where you get a data of the indian govt. Who gets slaughtered? ...... i hope you all know Laughing
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SP50
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Joined: 26 Nov 2010
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Post: #482   PostPosted: Tue Dec 11, 2012 2:52 pm    Post subject: Reply with quote
vinay28 wrote:
but there is a +ve div now.


A new low on a +ve divergence Rolling Eyes
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apka
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Joined: 13 Dec 2011
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Post: #483   PostPosted: Tue Dec 11, 2012 2:56 pm    Post subject: Reply with quote
vinay28 wrote:
but there is a +ve div now.


timeframe and which indicator vinay ?
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ragwendra
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Joined: 12 Oct 2011
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Post: #484   PostPosted: Tue Dec 11, 2012 2:58 pm    Post subject: Reply with quote
touched the closest support 5 day EMA and up back again
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apka
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Post: #485   PostPosted: Tue Dec 11, 2012 2:58 pm    Post subject: Reply with quote
if wwe close below 5890, then expecting 5840 tommorow and hopefully 5790.
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Andre
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Post: #486   PostPosted: Tue Dec 11, 2012 3:01 pm    Post subject: Reply with quote
now bullish engulfing candle on 15 min TF....
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vinay28
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Joined: 24 Dec 2010
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Post: #487   PostPosted: Tue Dec 11, 2012 3:02 pm    Post subject: Reply with quote
taxmann50 wrote:
vinay28 wrote:
but there is a +ve div now.


A new low on a +ve divergence Rolling Eyes


That's normal but the +ve div persisted. Smile
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psalm
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Post: #488   PostPosted: Tue Dec 11, 2012 3:02 pm    Post subject: Reply with quote
ragwendra wrote:
touched the closest support 5 day EMA and up back again


We're not really talking about bearish scenarios...to be frank.....actually, we're talking about if there is any weakness in Nifty.....even now, there is no doubt that the strength is with the bulls...no doubt about that....but if weakness set in, then how far reaching will be that?..that's the question... Smile
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psalm
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Post: #489   PostPosted: Tue Dec 11, 2012 3:05 pm    Post subject: Reply with quote
apka wrote:
if wwe close below 5890, then expecting 5840 tommorow and hopefully 5790.


but are we gonna close below that??? that's the question.... Laughing
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psalm
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Post: #490   PostPosted: Tue Dec 11, 2012 3:09 pm    Post subject: Reply with quote
Andre wrote:
now bullish engulfing candle on 15 min TF....


It could be the indication that the small correction is about to end....but its very difficult to take a call after looking a candle on a 15TF chart, Andre....but yes this could be beginning of some revival....only time will tell...lets wait and watch... Very Happy
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Andre
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Post: #491   PostPosted: Tue Dec 11, 2012 3:11 pm    Post subject: Reply with quote
psalm wrote:
Andre wrote:
now bullish engulfing candle on 15 min TF....


It could be the indication that the small correction is about to end....but its very difficult to take a call after looking a candle on a 15TF chart, Andre....but yes this could be beginning of some revival....only time will tell...lets wait and watch... Very Happy


couldn't agree more Psalm....
short term indicators at best give short term indication...nothing more...confirmation will come from longer term indicator...right?
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vinay28
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Post: #492   PostPosted: Tue Dec 11, 2012 3:12 pm    Post subject: Reply with quote
hoping for a close above 5920
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Andre
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Post: #493   PostPosted: Tue Dec 11, 2012 3:13 pm    Post subject: Reply with quote
vinay28 wrote:
hoping for a close above 5920


future or spot?...Vinay
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psalm
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Post: #494   PostPosted: Tue Dec 11, 2012 3:13 pm    Post subject: Reply with quote
Andre wrote:
psalm wrote:
Andre wrote:
now bullish engulfing candle on 15 min TF....


It could be the indication that the small correction is about to end....but its very difficult to take a call after looking a candle on a 15TF chart, Andre....but yes this could be beginning of some revival....only time will tell...lets wait and watch... Very Happy


couldn't agree more Psalm....
short term indicators at best give short term indication...nothing more...confirmation will come from longer term indicator...right?


Yup...very much... Smile
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vinay28
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Post: #495   PostPosted: Tue Dec 11, 2012 3:16 pm    Post subject: Reply with quote
sam's thread is for spot andre.
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