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rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
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Post: #3586  Posted: Fri Jul 06, 2012 11:43 pm Post subject: |
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| psalm wrote: | | rohit44 wrote: | close 5316.95 just below 5317...yest low broken not high...still some hope for downside.. comeon euro break 1.23 tonight  |
New 2 year low for EUR/USD at 1.2267....you must be pretty happy now, Rohit.....  |
 ...tracking euro a day before and once it break 1.24 not retracing the level..so just assuming to break the recent lows.... tukka hit  |
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rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
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| Post: #3587 Posted: Fri Jul 06, 2012 11:45 pm Post subject: |
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| rohit44 wrote: | | psalm wrote: | | rohit44 wrote: | | close 5316.95 just below 5317...yest low broken not high...still some hope for downside.. comeon euro break 1.23 tonight |
New 2 year low for EUR/USD at 1.2267....you must be pretty happy now, Rohit..... |
...tracking euro a day before and once it break 1.24 not retracing the level..so just assuming to break the recent lows.... tukka hit |
euro 1.18 next tgt  |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #3588 Posted: Sat Jul 07, 2012 11:21 am Post subject: |
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| NS weekly chart looks very good and apart from small occasional correction market looks good for a upside rally. This is on the broad side and chances of sideways is high but no major falls. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #3589 Posted: Sat Jul 07, 2012 5:15 pm Post subject: |
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As far as I see, EUR/USD has reached a bottom. Attached is hourly chart.
[1] On hourly chart support has reached and RSI, MACD turned positive divergence.
[2] On daily chart from last 1 year it has formed a falling wedge pattern of sorts. Here also positive divergence has emerged on the indicators. And this time rise and fall and has been shortest, indicating end of the falling wedge pattern. From hereon we should see it rise.
[3] I expect immediate restest of 1.24 area by next week and sideways trading in EURO for couple of weeks maybe before it starts rising again. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #3591 Posted: Sat Jul 07, 2012 5:50 pm Post subject: |
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| nothing will happen to him |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #3592 Posted: Sat Jul 07, 2012 7:18 pm Post subject: |
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| vinay28 wrote: | | nothing will happen to him |
lol we are concerned about market vinay, forget him |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #3593 Posted: Sun Jul 08, 2012 1:16 pm Post subject: |
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| People like ketan parekh can easily manipulate few stocks, but can they manipulate nifty ???? |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #3594 Posted: Sun Jul 08, 2012 2:36 pm Post subject: |
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| sonila wrote: | | People like ketan parekh can easily manipulate few stocks, but can they manipulate nifty ???? |
i dont think so |
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saurabhkurichh
White Belt
Joined: 30 Oct 2006
Posts: 127
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| Post: #3595 Posted: Sun Jul 08, 2012 5:29 pm Post subject: |
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| The means are wrong ... The person may be wrong... But the talent is undisputed |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #3596 Posted: Sun Jul 08, 2012 8:39 pm Post subject: |
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| I feel tmrw may be the day of 90/130 points drop from friday close or monday high for either NS or NF, which means we may see 5226/5186NS or 5237/5197NF. If that happens, it will also fill up the gap of 29th June. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3597 Posted: Sun Jul 08, 2012 9:13 pm Post subject: |
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| vinay28 wrote: | | I feel tmrw may be the day of 90/130 points drop from friday close or monday high for either NS or NF, which means we may see 5226/5186NS or 5237/5197NF. If that happens, it will also fill up the gap of 29th June. |
As of now, I have a feeling that we might go down tomorrow. A few numbers, I'll be looking at during tomorrow's trade are as follows:
5330 / 5311 / 5306 / 5290 / 5278 / 5264 / 5251 / 5239
NOTE: A break above 5330 or a break below 5239 will give another 25 to 50 points, I believe. Anyway, let's see.... |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #3598 Posted: Sun Jul 08, 2012 11:22 pm Post subject: |
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| vinay28 wrote: | | I feel tmrw may be the day of 90/130 points drop from friday close or monday high for either NS or NF, which means we may see 5226/5186NS or 5237/5197NF. If that happens, it will also fill up the gap of 29th June. |
what is the logic behind this feeling....... Gut feeling or reasoning......if reasoning, then can u explain .....plz...thnx. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #3599 Posted: Mon Jul 09, 2012 8:08 am Post subject: |
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sonila, it's a gut feeling based on price movement over the last week. Note that nifty went up by only 30 points from 3rd to 6th even though FIIs pumped in 1B$ in 3 days. Also, nifty made a lower high on friday and that's why the feeling. I also feel that shorting in this market is risky. In addition, currencies are back to pre-euro summit levels
I also understand from a friend that 5329/10NF on 60tf are crucial i.e. above 5329 bullish and below 5310 bearish for the day |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3600 Posted: Mon Jul 09, 2012 9:19 am Post subject: |
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| psalm wrote: | | vinay28 wrote: | | I feel tmrw may be the day of 90/130 points drop from friday close or monday high for either NS or NF, which means we may see 5226/5186NS or 5237/5197NF. If that happens, it will also fill up the gap of 29th June. |
As of now, I have a feeling that we might go down tomorrow. A few numbers, I'll be looking at during tomorrow's trade are as follows:
5330 / 5311 / 5306 / 5290 / 5278 / 5264 / 5251 / 5239
NOTE: A break above 5330 or a break below 5239 will give another 25 to 50 points, I believe. Anyway, let's see.... |
The market has opened around 5283 and then tested a low of 5281 but found support around 5278. Current rate is around 5293.......Any bounce back up to 5305-5311 can be sold, I believe.... |
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