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Nifty View - Jan 2013 |
chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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Post: #91  Posted: Tue Jan 01, 2013 3:30 pm Post subject: |
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| NF trying to close above latest high but spot unable to close above that. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #92 Posted: Tue Jan 01, 2013 3:33 pm Post subject: |
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While we're talking about New year and working hard on New Year days...Market is making a new Closing High.....  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #93 Posted: Tue Jan 01, 2013 3:36 pm Post subject: |
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| psalm wrote: | | While we're talking about New year and working hard on New Year days...Market is making a new Closing High..... |
right a close above the dreaded resistence 5945. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #94 Posted: Tue Jan 01, 2013 3:41 pm Post subject: |
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| apka wrote: | | psalm wrote: | | While we're talking about New year and working hard on New Year days...Market is making a new Closing High..... |
right a close above the dreaded resistence 5945. |
Market looks very promising for a BULL....the signs are all good....but if I were a BULL I would have wanted 5965 to be taken out....at least on an intraday basis.....but still this is a bullish closing, I feel.....one needs to be cautious though..... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #95 Posted: Tue Jan 01, 2013 3:46 pm Post subject: |
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| 5965 may be taken out tmrw in opening |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #96 Posted: Tue Jan 01, 2013 3:52 pm Post subject: |
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| vinay28 wrote: | | 5965 may be taken out tmrw in opening |
Yup, most probably....so, let's wait and see what the market does if it trades above 5965 tomorrow....  |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #97 Posted: Tue Jan 01, 2013 4:22 pm Post subject: |
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Just give 3-4 days. It will give clear indication whether it is breakout, or still in the range or reversal. As far as I read chart, chances of reversal is high (false breakout). But one needs to give time for confirmation or trade. many times we tend to board wrong down side trade, it is anyway hard to decide
Last edited by skd2012 on Tue Jan 01, 2013 8:37 pm; edited 1 time in total |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #98 Posted: Tue Jan 01, 2013 4:43 pm Post subject: |
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| nifty is now at the top of a channel. if it doesn't break out and remain above 5965, the lower level of channel is about 5840 |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #99 Posted: Wed Jan 02, 2013 9:13 am Post subject: |
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| Much waited 5970-75 spot seems to be coming in opening!! |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #100 Posted: Wed Jan 02, 2013 9:26 am Post subject: |
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| one big swing can be seen today? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #101 Posted: Wed Jan 02, 2013 9:29 am Post subject: |
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| vinay28 wrote: | | 5965 may be taken out tmrw in opening |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #102 Posted: Wed Jan 02, 2013 9:33 am Post subject: |
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| gut feel...we can see a big fall today.. |
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rsnerella
White Belt
Joined: 30 Jul 2008
Posts: 153
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| Post: #103 Posted: Wed Jan 02, 2013 9:35 am Post subject: Nifty view - January |
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| Hold longs with 5945 stoploss,,, |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #104 Posted: Wed Jan 02, 2013 9:46 am Post subject: |
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| SL for longs should be much higher, at least 5968NF but I prefer 5967NS. |
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rsnerella
White Belt
Joined: 30 Jul 2008
Posts: 153
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| Post: #105 Posted: Wed Jan 02, 2013 9:47 am Post subject: Nifty view - January |
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| Depends on where the longs are taken, I have taken @5886, so my stoploss for longs is 5945, all spot levels, not future prices. |
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