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anand1234
Yellow Belt
Joined: 17 Jul 2010
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Post: #3481  Posted: Wed Jul 04, 2012 11:42 am Post subject: |
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| vinay28 wrote: | | today I am seeing about 5335 or 5260 |
hi...........sam
if spot will stay above 5320............its quit possible to reach 5360 by today itself.............i am looking for that............let c........just my observation...............(not any fundamental or technical views)..........
thx
anand |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3482 Posted: Wed Jul 04, 2012 11:43 am Post subject: |
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| vinay28 wrote: | | today I am seeing about 5335 or 5260 |
I expect the market trade in a range of 5275-5330 range. Any break of these levels could see another 30 points, I feel....  |
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psalm
Black Belt
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| Post: #3483 Posted: Wed Jul 04, 2012 11:44 am Post subject: |
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| anand1234 wrote: | | vinay28 wrote: | | today I am seeing about 5335 or 5260 |
hi...........sam
if spot will stay above 5320............its quit possible to reach 5360 by today itself.............i am looking for that............let c........just my observation...............(not any fundamental or technical views)..........
thx
anand |
Ok... |
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rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
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| Post: #3484 Posted: Wed Jul 04, 2012 11:56 am Post subject: |
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| break 5263 wanna see 5233/5220 ns...just a wish |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3485 Posted: Wed Jul 04, 2012 11:59 am Post subject: |
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| rohit44 wrote: | | break 5263 wanna see 5233/5220 ns...just a wish |
5220 today???....looks difficult as per the current scenario....but anything is possible for our markets....so nothing can be ruled out....  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #3486 Posted: Wed Jul 04, 2012 12:00 pm Post subject: |
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| im inclined towards 5250 today since europe has rallied for 4-5 days and US market holiday today, europe could be lacklusture and we could see some profit booking as many stocks near resistences.. lets see |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3487 Posted: Wed Jul 04, 2012 12:21 pm Post subject: |
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| apka wrote: | | im inclined towards 5250 today since europe has rallied for 4-5 days and US market holiday today, europe could be lacklusture and we could see some profit booking as many stocks near resistences.. lets see |
Yea, today's trade could be very much lackluster there. By the way, some of the indices there are nearing their resistances. FTSE will find good resistances around 5705-5710 levels. DAX has good resistance around 6660, but today, it will be difficult to break above 6625-6630 range, I believe. May be levels around 6600 could offer resistance today. For CAC, levels around 3290-3300 will be a tough nut to crack today. So, overall, expect some range-bound moves there. But I dont expect any huge selling pressure from there though. As of now, the European markets are expected to open slightly in the red. |
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rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
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| Post: #3488 Posted: Wed Jul 04, 2012 12:23 pm Post subject: |
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| psalm wrote: | | rohit44 wrote: | | break 5263 wanna see 5233/5220 ns...just a wish |
5220 today???....looks difficult as per the current scenario....but anything is possible for our markets....so nothing can be ruled out.... |
even 5263 ns is enough....5220 will snatch tomorrow |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3489 Posted: Wed Jul 04, 2012 12:26 pm Post subject: |
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| rohit44 wrote: | | psalm wrote: | | rohit44 wrote: | | break 5263 wanna see 5233/5220 ns...just a wish |
5220 today???....looks difficult as per the current scenario....but anything is possible for our markets....so nothing can be ruled out.... |
even 5263 ns is enough....5220 will snatch tomorrow |
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rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
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| Post: #3490 Posted: Wed Jul 04, 2012 12:33 pm Post subject: |
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| psalm wrote: | | rohit44 wrote: | | psalm wrote: | | rohit44 wrote: | | break 5263 wanna see 5233/5220 ns...just a wish |
5220 today???....looks difficult as per the current scenario....but anything is possible for our markets....so nothing can be ruled out.... |
even 5263 ns is enough....5220 will snatch tomorrow |
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"this is not the right time for stimulas then I do not see the reason why Nifty will not retest the lows in coming months. " gives a comfortable feeling  |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #3491 Posted: Wed Jul 04, 2012 12:58 pm Post subject: |
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HI..................
LOOKING 5270 SPOT WILL NOT BREAK..........IF BREAKS ANOTHER 30 -40 PTS DWN POSS. ................BUT FROM HERE CAN BOUNCE UP TO 5320..THEN 5360...........LET C........
THX
ANAND |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3492 Posted: Wed Jul 04, 2012 1:36 pm Post subject: |
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As expected, Europe is trading in a boring way...  ...most of the markets are trading in a range of just 15 to 20 points....  ...by the way, the data that came from there were somewhat on expected lines...so, I dont expect much reaction from there.....that means still in that range of 15 or 20 points....that means we're better...we're atleast trading in a range of 40 to 50 point.... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3493 Posted: Wed Jul 04, 2012 2:11 pm Post subject: |
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Could this be the final burst we were talkin about????  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #3494 Posted: Wed Jul 04, 2012 2:31 pm Post subject: |
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| looks like there is no selling pressure on midcap and nifty 50 stocks at their resistences, they look ready as if going to breakout. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3495 Posted: Wed Jul 04, 2012 2:42 pm Post subject: |
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| apka wrote: | | looks like there is no selling pressure on midcap and nifty 50 stocks at their resistences, they look ready as if going to breakout. |
If this is a breakout rally, then it will continue like this...I mean without much selling or resistance...however, if this is just a pullback in the bear-market then it could come to an abrupt end anytime.....only time will tell if this is the beginning of another rally or the end of this rally....  ....and I feel that it wont take long before we come to know about it...as of now, I'm not sure about it...but I give it a high chance for the rally to end soon....anyway, let's see... |
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