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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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Post: #211  Posted: Tue Jan 10, 2012 8:33 pm Post subject: |
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On 12th IIP data and HDFC,INFY results are going to come out. IIP data is expected to be better.HDFC and INFY results are going to dictate The direction of the Market.
Now the tussle.INFY showing a reverse HNS at the verge of Break out for upside and at the same time showing a pattern of -WW for a target of 2480 in Feb 1st week.
HDFC broke out a short term resistance today.will the upmove continue.While it's losing it's business to LICHSFG.
I expect an upside moves atleast for short term.When it is going to reverse let us see.... |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #212 Posted: Tue Jan 10, 2012 8:53 pm Post subject: |
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catch 22!  |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #213 Posted: Tue Jan 10, 2012 9:30 pm Post subject: |
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| vinay28 wrote: | | ajay/rk - yes, may be I didn't put it properly. if we have a gap up, nsinojia's target may be reached but I think we will see about 4807 NS also because I feel 11th and 12th may be net down. Remember, nifty has led world markets on some days in recent past, like today, and has gone down the next day(s). So there is no reason why it should also not react first. |
Reaction will occur after the results or some news. Momentum points to another up day tomorrow.
Past is not equal to the future .... right now they seem to be in the pump mode .It should be interesting day tomorrow. |
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #214 Posted: Tue Jan 10, 2012 9:44 pm Post subject: |
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Ajay
Past is not equal to future......Agreed
Momentum may last for tomorrow at the beginning then... after that....???
Present is also not equal to future.  |
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ajayhkaul
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Joined: 18 Jun 2009
Posts: 866
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| Post: #215 Posted: Wed Jan 11, 2012 9:22 am Post subject: |
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Agreed RK
It depends on how shaky the participants are to the news/earnings.
However momentum follows newtons law- motion continues unless an external force (news) throws a spanner in the works. |
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #216 Posted: Wed Jan 11, 2012 11:44 am Post subject: |
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| AJAYHKAUL wrote: | Agreed RK
It depends on how shaky the participants are to the news/earnings.
However momentum follows newtons law- motion continues unless an external force (news) throws a spanner in the works. |
It seems you are well aware of my liking for Newtons Laws.
You are right... The external force may come in the form of results |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #217 Posted: Wed Jan 11, 2012 11:48 am Post subject: |
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relax guys. to hell with newton!
without external force, the object will continue to move in its original direction, provided the object is moving to begin with. so what we need is friction. the damn nifty is not moving at all. if under this state friction comes what may happen? |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #218 Posted: Wed Jan 11, 2012 12:02 pm Post subject: |
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Even the Theory of Relativity is under threat after the studies on neutrinos.....So, dont hang onto Newton...guys...you might well be wrong...  |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #219 Posted: Wed Jan 11, 2012 12:09 pm Post subject: |
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| sam, they are travelling faster than the speed of light! |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #220 Posted: Wed Jan 11, 2012 12:40 pm Post subject: Relative Theory |
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| Thats y I said, that the Relativity theory is under threat.... |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #221 Posted: Wed Jan 11, 2012 1:46 pm Post subject: |
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| Relax Vinay ... Newton's law is working and you will see a big move shortly today |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #222 Posted: Wed Jan 11, 2012 1:50 pm Post subject: |
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| which way? |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #223 Posted: Wed Jan 11, 2012 1:59 pm Post subject: |
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| Your way , Vinay ie UP ! |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #224 Posted: Wed Jan 11, 2012 2:05 pm Post subject: Nifty Outlook |
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| Once above 4885, there will be more momentum, I believe. |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #225 Posted: Wed Jan 11, 2012 2:13 pm Post subject: |
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| Yes psalm ... it is our institutions putting the brakes on the momentum...rats! |
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