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Nifty View - Jan 2013 |
rsnerella
White Belt
Joined: 30 Jul 2008
Posts: 153
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Post: #736  Posted: Tue Jan 22, 2013 2:56 pm Post subject: Nifty view - January |
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 It really fell.
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #737 Posted: Tue Jan 22, 2013 3:47 pm Post subject: |
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| vinay28 wrote: | | close below 6035 would be bad. then 5980 |
Are you expecting NF to breach 6000 levels this week? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #738 Posted: Tue Jan 22, 2013 4:18 pm Post subject: |
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| yes taxmann but barely. I feel 5980NS is possible as of now but not below that. However, 6035 is first support. Also, 6038 was gap created on Thursday-Friday |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #739 Posted: Tue Jan 22, 2013 4:22 pm Post subject: |
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| vinay28 wrote: | | yes taxmann but barely. I feel 5980NS is possible as of now but not below that. However, 6035 is first support. Also, 6038 was gap created on Thursday-Friday |
Ok, lets see |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #740 Posted: Tue Jan 22, 2013 7:56 pm Post subject: |
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I wonder whether a bear trap was created today after FM tried hard in Hongkong to "sell" India.  |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #741 Posted: Tue Jan 22, 2013 7:58 pm Post subject: |
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| vinay28 wrote: | | I wonder whether a bear trap was created today after FM tried hard in Hongkong to "sell" India. |
I agree that it can be a trap but FM is trying hard to avoid a downgrade as he knows that fiscal deficit will be hard to meet the desired target.
However I am short and may lose money tomorrow, |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #742 Posted: Tue Jan 22, 2013 8:16 pm Post subject: |
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Following is a chart of NIFTY EQ 1 Hr TF
The price is moving in a rising wedge since last few days.
It tried to break this wedge today but that was a false breakout.
Now, the price will give a breakdown tomorrow or will it rise to move towards the upper trendline and this seems more probable.
Uploaded with ImageShack.us
Last edited by saumya12 on Tue Jan 22, 2013 9:04 pm; edited 1 time in total |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #743 Posted: Tue Jan 22, 2013 8:23 pm Post subject: |
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deleted, posted twice by mistake
Last edited by saumya12 on Tue Jan 22, 2013 9:05 pm; edited 1 time in total |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #744 Posted: Tue Jan 22, 2013 8:52 pm Post subject: |
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| why two posts saumya? Also, if you draw a smaller wedge inside your wedge, it has already broken down and target is about 5990. What's more, wedge drawn by you is too vacant at its base compared to its width and I doubt it. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #745 Posted: Tue Jan 22, 2013 9:14 pm Post subject: |
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| There is a possibility of one more high is present! At the same time we are in a good setup for correction. If anyone is following market trend still it is not a short. But probably avoid long I feel. Equation is in favor of bears except the trend. Fingers crossed at the moement. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #746 Posted: Tue Jan 22, 2013 9:42 pm Post subject: |
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| Vinay, are you referring to this second (inside, smaller one) wedge |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #747 Posted: Tue Jan 22, 2013 9:42 pm Post subject: |
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| vinay28 wrote: | | I wonder whether a bear trap was created today after FM tried hard in Hongkong to "sell" India. |
seems like a normal correction.... if i remember right earlier we crossed 5945 and corrected to near 5825 then up .. then touched 6040 then corrected to imp level 5940... then new high 6100 and again corrected to 6040 level... (retesting of previous highs).. so if nifty crosses 6100 .. then 6100 should come again by this train of movement.. early to conclude but just something to keep in mind.
Last edited by apka on Tue Jan 22, 2013 9:44 pm; edited 1 time in total |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #748 Posted: Tue Jan 22, 2013 9:43 pm Post subject: |
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| if so, it should bounce off tmrw with a bang! |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #749 Posted: Tue Jan 22, 2013 9:47 pm Post subject: |
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| Once thing goes in down trend shorting will be easy. Like HUL....news and other things will help. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #750 Posted: Tue Jan 22, 2013 9:48 pm Post subject: |
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| can we see 6145NF tmrw? |
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