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vinay28
Black Belt
Joined: 24 Dec 2010
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Post: #3556  Posted: Thu Jul 05, 2012 7:44 pm Post subject: |
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tmrw I feel down and up. crucial time 10.30 to  12. |
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psalm
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Joined: 12 Nov 2011
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| Post: #3557 Posted: Thu Jul 05, 2012 8:00 pm Post subject: |
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| vinay28 wrote: | | tmrw I feel down and up. crucial time 10.30 to 12. |
 ...let's see.. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3558 Posted: Fri Jul 06, 2012 9:15 am Post subject: Market Outlook |
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Hi All,
Our Market has had a great rally in the last month or so. We had bounced back strongly from a low of around 4770 to a high of around 5334 (yesterday). That means almost a 12% rise from the lows. Technically, a 15% rally cannot be ruled out. But looking at the way the global markets have traded yesterday gives an impression that some kind of a correction is in the offing. While trading, or even investing one must be prepared for any correction or a sharp fall if it happens. So, as ST mentioned in his thread, tightening seatbelt is very important from here onwards. No need to panic or cut the LONGs; but one must be a little careful or vigilant from here onwards, I feel. Most important thing here is to be safe. For that one can think about hedging with some tools. The second thing is to protect the profit. For that, stoplosses are very helpful. Personally, I feel that the area 5350-5370 could offer good resistance for any upmove. I dont know if we reach there or not. But if we go there eventually, a bit of caution is needed, I feel. Anyway, some numbers I'll be looking at during the day's trading are as follows:
5372 / 5358 / 5345 / 5317 / 5296 / 5279 / 5261 / 5254 / 5225
Happy Trades!!!!
SAM |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #3559 Posted: Fri Jul 06, 2012 9:48 am Post subject: |
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hi.........sam
form my side max we can c 5350 -5390........in this level shd get some resistance.............from that lavel can we c sone dwn.....atleast 5200 -5150??.........my observation................wt u think??.....
thx
anand |
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rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
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| Post: #3560 Posted: Fri Jul 06, 2012 10:26 am Post subject: |
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| previous day's low broken after 5 days...maaro maaro |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3561 Posted: Fri Jul 06, 2012 10:40 am Post subject: |
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| anand1234 wrote: | hi.........sam
form my side max we can c 5350 -5390........in this level shd get some resistance.............from that lavel can we c sone dwn.....atleast 5200 -5150??.........my observation................wt u think??.....
thx
anand |
I have a similar view....but I have feeling that we might go down further, if we starts going down from here...anyway, let's see...  |
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psalm
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Posts: 5368
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| Post: #3562 Posted: Fri Jul 06, 2012 10:51 am Post subject: |
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| rohit44 wrote: | | previous day's low broken after 5 days...maaro maaro |
Showing weakness, isn't it?.....but there COULD BE one more upmove...if there is one such move, one shouldn't be overjoyed by that....it COULD BE a trap.....I'm just being a being a bit skeptical here....it doesn't mean that we'll definitely go down from here...I'm just giving various possibilities.... |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #3563 Posted: Fri Jul 06, 2012 10:56 am Post subject: |
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| psalm wrote: | | anand1234 wrote: | hi.........sam
form my side max we can c 5350 -5390........in this level shd get some resistance.............from that lavel can we c sone dwn.....atleast 5200 -5150??.........my observation................wt u think??.....
thx
anand |
I have a similar view....but I have feeling that we might go down further, if we starts going down from here...anyway, let's see... |
hi...sam
y....u r wright..........but spot 5300 is very crutial........if stay above 5300.............then 5350 poss. .........but if not 5200 is poss. ..........
(from my side one more rally is pending.........atleast 50 -60 pts)..let c
thx
anand |
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rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
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| Post: #3564 Posted: Fri Jul 06, 2012 10:59 am Post subject: |
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| psalm wrote: | | rohit44 wrote: | | previous day's low broken after 5 days...maaro maaro |
Showing weakness, isn't it?.....but there COULD BE one more upmove...if there is one such move, one shouldn't be overjoyed by that....it COULD BE a trap.....I'm just being a being a bit skeptical here....it doesn't mean that we'll definitely go down from here...I'm just giving various possibilities.... |
yes not neglecting the possibilities...but to me yest move looks like a trap..but low brokens gives confident unless 5317 ns conquered big time..chances of 5220 ns still alive (note: i am non techie just sreen view trader ) |
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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 401
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| Post: #3565 Posted: Fri Jul 06, 2012 11:09 am Post subject: |
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Hey Dear Friends,
Hope i am not disturbing you in yr T A , if i post my levels to refresh and to view where it can take support.
As we have seen the journey of nifty spot from 5046.45 to 5333 means gain of almost 300 points.
now if any panic happens then use these levels from top to bottom, u will find that nifty will take support in first two levels if up trend is intact and trend is reversed if closed below 5046.45 and next day gap down opening will confirm that.
the levels are as below.
5046.45 5075.70 5126.55 5166.05 5221.4 5241.85
bye |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3566 Posted: Fri Jul 06, 2012 11:11 am Post subject: |
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| rohit44 wrote: | | psalm wrote: | | rohit44 wrote: | | previous day's low broken after 5 days...maaro maaro |
Showing weakness, isn't it?.....but there COULD BE one more upmove...if there is one such move, one shouldn't be overjoyed by that....it COULD BE a trap.....I'm just being a being a bit skeptical here....it doesn't mean that we'll definitely go down from here...I'm just giving various possibilities.... |
yes not neglecting the possibilities...but to me yest move looks like a trap..but low brokens gives confident unless 5317 ns conquered big time..chances of 5220 ns still alive (note: i am non techie just sreen view trader ) |
Nice to talk to a "Screen View Trader"....  |
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rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
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| Post: #3567 Posted: Fri Jul 06, 2012 11:13 am Post subject: |
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| psalm wrote: | | rohit44 wrote: | | psalm wrote: | | rohit44 wrote: | | previous day's low broken after 5 days...maaro maaro |
Showing weakness, isn't it?.....but there COULD BE one more upmove...if there is one such move, one shouldn't be overjoyed by that....it COULD BE a trap.....I'm just being a being a bit skeptical here....it doesn't mean that we'll definitely go down from here...I'm just giving various possibilities.... |
yes not neglecting the possibilities...but to me yest move looks like a trap..but low brokens gives confident unless 5317 ns conquered big time..chances of 5220 ns still alive (note: i am non techie just sreen view trader ) |
Nice to talk to a "Screen View Trader".... |
Thanks...its myleasure |
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rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
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| Post: #3568 Posted: Fri Jul 06, 2012 11:16 am Post subject: |
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| sam dear, can you plz help me with the Euro's recent low (few days back)..as per my memory its something around 1.23xxx levels...dont have the exact one...Can you help me out with this if had forex data...if no data no probs...RGDS |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3569 Posted: Fri Jul 06, 2012 11:25 am Post subject: |
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| rohit44 wrote: | | sam dear, can you plz help me with the Euro's recent low (few days back)..as per my memory its something around 1.23xxx levels...dont have the exact one...Can you help me out with this if had forex data...if no data no probs...RGDS |
Rohit, I dont trade in Forex...so I wont be able to help you with that....sorry... 
NOTE: By the way, as per some data, the low made yesterday is around 1.2364...which is the recent low...anyway, not sure about that... |
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rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
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| Post: #3570 Posted: Fri Jul 06, 2012 11:35 am Post subject: |
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| psalm wrote: | | rohit44 wrote: | | sam dear, can you plz help me with the Euro's recent low (few days back)..as per my memory its something around 1.23xxx levels...dont have the exact one...Can you help me out with this if had forex data...if no data no probs...RGDS |
Rohit, I dont trade in Forex...so I wont be able to help you with that....sorry...
NOTE: By the way, as per some data, the low made yesterday is around 1.2364...which is the recent low...anyway, not sure about that... |
ok thks Sam no issues.....we are near crucial level in euro break will spread weakness in european mkt so wanted for that purpose only..EURO cup bhi over..generally koi big sport event k baad mkt crashes...lets see.. |
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