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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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Post: #496  Posted: Tue Dec 11, 2012 3:19 pm Post subject: |
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| psalm wrote: | | 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...  |
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...  |
Yes Sam, perfectly said, |
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Andre
White Belt
Joined: 06 Jun 2012
Posts: 220
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| Post: #497 Posted: Tue Dec 11, 2012 3:21 pm Post subject: |
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| vinay28 wrote: | | sam's thread is for spot andre. |
Thanks Vinay...will keep it in mind.... |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #498 Posted: Tue Dec 11, 2012 3:23 pm Post subject: |
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| So far option writers play. neither side swing is right. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #499 Posted: Tue Dec 11, 2012 3:28 pm Post subject: |
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| sw_das wrote: | | So far option writers play. neither side swing is right. |
It wont take much long, before the market finds a clear direction again....till then it will be like this...  |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #500 Posted: Tue Dec 11, 2012 3:31 pm Post subject: |
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| psalm wrote: | | sw_das wrote: | | So far option writers play. neither side swing is right. |
It wont take much long, before the market finds a clear direction again....till then it will be like this... |
And to add there is a high possibility of a 200 points correction than going up above todays high,
Bulls are more impatient here than the bears, |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #501 Posted: Tue Dec 11, 2012 3:36 pm Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | sw_das wrote: | | So far option writers play. neither side swing is right. |
It wont take much long, before the market finds a clear direction again....till then it will be like this... |
And to add there is a high possibility of a 200 points correction than going up above todays high,
Bulls are more impatient here than the bears, |
It can be either ways, next one or two day's trading to confirm. Can not rule out a rally to 6070 NF.
But if it falls then near about 5800. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #502 Posted: Tue Dec 11, 2012 3:38 pm Post subject: |
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| vinay28 wrote: | | hoping for a close above 5920 |
na teri na meri
5898.80 |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #503 Posted: Tue Dec 11, 2012 3:38 pm Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | sw_das wrote: | | So far option writers play. neither side swing is right. |
It wont take much long, before the market finds a clear direction again....till then it will be like this... |
And to add there is a high possibility of a 200 points correction than going up above todays high,
Bulls are more impatient here than the bears, |
One will get a lot of clues from Europe today and tomorrow, Taxmann....Most of them are on the verge of a breakout...another percent or two, they'll be start flying?....but the problem here is, when there is such as scenario, it never happens...that's my experience.....So, in my opinion, DAX will test around 7600 and will go down...CAC will test 3630-3650 range and will go down....similarly FTSE will do well in the short term only to correct.....having said that if there is a breakout, believe it will be one hell of a move....it could last a few months....so, when there is so much for the taking, it never happens....BUT you never know whats there in store for us....you just need another announcement from the FED or ECB to break the above mentioned levels...so, its anybody's guess....but the odds are favouring a correction in the next few days....anyway, wait and watch... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #504 Posted: Tue Dec 11, 2012 3:40 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | | hoping for a close above 5920 |
na teri na meri
5898.80 |
I'll consider it as an indication of weakness as it closed below 5900...though I wanted a closing below 5890...but there is...there is hope for every one....  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #505 Posted: Tue Dec 11, 2012 3:53 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | | hoping for a close above 5920 |
na teri na meri
5898.80 |
5920? oops, I mistyped 5902. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #506 Posted: Tue Dec 11, 2012 6:13 pm Post subject: |
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| psalm wrote: | | apka wrote: | | vinay28 wrote: | | hoping for a close above 5920 |
na teri na meri
5898.80 |
I'll consider it as an indication of weakness as it closed below 5900...though I wanted a closing below 5890...but there is...there is hope for every one.... |
toffee candlestick |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #507 Posted: Tue Dec 11, 2012 6:54 pm Post subject: |
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apparently profit booking from DIIs
FII +1309.88
DII -1028.34 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #508 Posted: Tue Dec 11, 2012 7:14 pm Post subject: |
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| apka, now you need to track and give commentry on OI in 5600 to 6100 CE/PE from today. Very crucial. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #509 Posted: Tue Dec 11, 2012 7:53 pm Post subject: |
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Sam/ Vinay: Every day some share(s)/ index manipulated by crooks like on Oct 5, 2012 and NSE has no problem with that!?!. They say have a nice day!?!
Today, HDFC spot was OK (low 866.6) but someone took Future low to 755.55.
We investors must insist on stricter hi/lo triggers. 10% in a day for FnO shares also with 5% in any moving 2 hour period.
Prakash Holla |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #510 Posted: Tue Dec 11, 2012 8:23 pm Post subject: |
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"toffee candlestick"
Apka, it's an "outside bar" to two previous bars. Bullish above 5965 and bearish below 5866. It's tricky to trade since SL is >100 away in either trade. Wild swings can catch you off-guard. |
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