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Nifty View
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Author Nifty View
psalm
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Post: #136   PostPosted: Wed Jan 04, 2012 11:03 am    Post subject: Trade with a stop-loss Reply with quote
I agree with that vinay.....there is nothing wrong in going LONG....especially around the levels you have mentioned...."but only with a Stoploss", else risky.... Smile
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psalm
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Post: #137   PostPosted: Wed Jan 04, 2012 12:04 pm    Post subject: Nifty Update Reply with quote
If somebody is having Short position in NIFTY, and is also lookin for intraday trade, he/she can have his stoploss just above 4785, i feel....The reason is that if the market breaks 4785 or 4786, there is every chance of it reaching 4820-25 levels....Also, if the market goes below 4740, it might test 4700 levels...so, I'll be watching the levels 4785 and 4740 levels eagerly......
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psalm
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Post: #138   PostPosted: Wed Jan 04, 2012 12:05 pm    Post subject: Reply with quote
in fact, it did break while i was posting the previous message..... Laughing
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psalm
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Post: #139   PostPosted: Wed Jan 04, 2012 2:12 pm    Post subject: Nifty Update Reply with quote
psalm wrote:
If somebody is having Short position in NIFTY, and is also lookin for intraday trade, he/she can have his stoploss just above 4785, i feel....The reason is that if the market breaks 4785 or 4786, there is every chance of it reaching 4820-25 levels....Also, if the market goes below 4740, it might test 4700 levels...so, I'll be watching the levels 4785 and 4740 levels eagerly......



The market bounced back from 4733 levels and came very close to our Stoploss, for the day....Today's high is 4783. I want you to keep a strict Stoploss of 4786 or just above that....This is for the intraday traders.
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psalm
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Post: #140   PostPosted: Wed Jan 04, 2012 2:25 pm    Post subject: Reply with quote
If somebody wants to book partial profits, they can do so around 4745 (nifty future level). Others can wait for 4715 (nifty future).
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psalm
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Post: #141   PostPosted: Thu Jan 05, 2012 12:41 pm    Post subject: Market Outlook Reply with quote
Hi,

Market is showing some strength as of now. However, 4786 is still offering resistance. I don't know if it will hold for long. However, even if it is broken, i don't expect the market to cross 4820-4825 levels. For confirmation of any up-move, we need to wait for the 4800-4825 levels to be broken. The resistance for today is in the range 4795-4810 and the support exists at 4715 levels, below which 4680 is possible. I expect the market to test 4800 levels either today or tomorrow. If the market is not able to break 4800 levels by tomorrow, then you can expect it to go down to 4450-4400 levels. I expect a move to 4950-5100 only after that.

Happy Trades!!!! Smile
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vinay28
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Post: #142   PostPosted: Thu Jan 05, 2012 12:42 pm    Post subject: Reply with quote
I was waiting for your post. I just get a feeling that nifty will fall 100 points from today's high. Let's see what happens 1.30 to 3 pm
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psalm
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Post: #143   PostPosted: Thu Jan 05, 2012 12:43 pm    Post subject: spot level Reply with quote
Hi,


All the levels mentioned in the previous post are SPOT PRICES.....


Regards

Sam
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psalm
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Post: #144   PostPosted: Thu Jan 05, 2012 12:47 pm    Post subject: Reply with quote
vinay28 wrote:
I was waiting for your post. I just get a feeling that nifty will fall 100 points from today's high. Let's see what happens 1.30 to 3 pm


Let's see...I don't have any idea what is going to happen today and tomorrow. But if Nifyt is not able to break 4800 either today or tomorrow, then market will go down for a while...As per the charts, the probability is more towards a down move than an up-move. But who knows...Lets wait and watch....
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vinay28
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Post: #145   PostPosted: Thu Jan 05, 2012 12:48 pm    Post subject: Reply with quote
so the cat is out of the bag. You are sam and not psalm. Or did I miss it? Smile
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psalm
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Post: #146   PostPosted: Thu Jan 05, 2012 1:13 pm    Post subject: Reply with quote
hahaha...yup...thats my name....psalm is the screen name.... Smile
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psalm
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Post: #147   PostPosted: Thu Jan 05, 2012 1:32 pm    Post subject: Markte Update Reply with quote
Looks like the market has made the top for the day.....If so, the levels to watch out are 4745 and 4715. However, if it attempts to break 4780-85 level again, the market might be successful in breaking it. However, if not, wait for the 4745s and 4715s. Smile
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chetan83
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Post: #148   PostPosted: Thu Jan 05, 2012 1:44 pm    Post subject: Re: Markte Update Reply with quote
psalm wrote:
Looks like the market has made the top for the day.....If so, the levels to watch out are 4745 and 4715. However, if it attempts to break 4780-85 level again, the market might be successful in breaking it. However, if not, wait for the 4745s and 4715s. Smile


Hi,

I am waiting for a weekly high today.... Rolling Eyes
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psalm
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Post: #149   PostPosted: Thu Jan 05, 2012 1:59 pm    Post subject: Re: Markte Update Reply with quote
chetan83 wrote:
psalm wrote:
Looks like the market has made the top for the day.....If so, the levels to watch out are 4745 and 4715. However, if it attempts to break 4780-85 level again, the market might be successful in breaking it. However, if not, wait for the 4745s and 4715s. Smile


Hi,

I am waiting for a weekly high today.... Rolling Eyes


It is POSSIBLE Chetan.....if the market crosses 4775 again, market might break the previous high, I guess. However, the chances of a weekly high are getting lower and lower now.
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psalm
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Post: #150   PostPosted: Thu Jan 05, 2012 2:12 pm    Post subject: European Markets and Levels Reply with quote
The important levels for the European markets for the day are:

FTSE :

Resistance: 5711-5724 Support 5648-5628


DAX :

Resistance: 6155-6167 Support 6090-6070
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