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Nifty View - January Series 2014 |
vinay28
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Joined: 24 Dec 2010
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Post: #526  Posted: Thu Jan 30, 2014 8:45 pm Post subject: |
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| growrich wrote: | vinay ,
yes ,the same view here ,any break and EOD close of 5970 on NS there might be waterfall decline to 5600.... but saying that there should be some surprise to trigger that ......and as far that negative suprise trigger ,i am not able find or visualise right now scaning the current news flow...well saying that we have watch for the price action to warn us by giving a EOD close below 5970 NS and importantly as u said tomm close candle carries weight in determining the journey |
put differently, close >6134 gives hammer on weekly and close >6225 gives hammer on monthly. Latter looks difficult considering global cues. you talked about -ve surprises. May be they have come and we haven't noticed them e.g. EM currencies. INR fell today. Breach of 63.40 with volume and particularly 64 will mean fast decline, much like last august. At the same time, remaining above 6200 may take it fast to 6500+. But I feel whatever happens will be fast and furious i.e. about 5 weeks snce pre-election rally most probably has to happen. Before that, it's all discounting.
Last edited by vinay28 on Thu Jan 30, 2014 10:14 pm; edited 1 time in total |
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growrich
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| Post: #527 Posted: Thu Jan 30, 2014 9:57 pm Post subject: |
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vinay,
yes i totally agree ur summary |
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growrich
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| Post: #528 Posted: Thu Jan 30, 2014 9:58 pm Post subject: |
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vinay except for the typo error on currencies  |
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vinay28
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| Post: #529 Posted: Thu Jan 30, 2014 10:14 pm Post subject: |
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| growrich wrote: | | vinay except for the typo error on currencies |
 thanks. corrected |
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amitagg
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| Post: #530 Posted: Thu Jan 30, 2014 11:30 pm Post subject: |
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| growrich wrote: | | vinay except for the typo error on currencies |
me too...."time wise feb is bottom for me"....5900 or 5700....if 5900 is held by end Feb, i still dont think 5700 or lower shall come...... |
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