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Nifty View |
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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Post: #4366  Posted: Tue Jul 31, 2012 6:47 pm Post subject: |
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| chetan83 wrote: | WILL SPOT NIFTY JULY CLOSING BE ABOVE JAN HIGH AGAIN, i.e 5220  |
July month, again closed abv 5220 at 5229 spot  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4367 Posted: Tue Jul 31, 2012 7:01 pm Post subject: |
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yes chetan for whatever it is worth, since the old sentiment was killed from May.  |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #4368 Posted: Wed Aug 01, 2012 10:26 am Post subject: |
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hi........sam
do not think so much dwn from this lavel.......any dwn may b the buying opportunity.......... as per my obsevation we r going towars 5300 lavel............let c..........wt u think??
thx
anand |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #4369 Posted: Wed Aug 01, 2012 1:32 pm Post subject: |
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| same view here sam..i think we are going to test 5380 levels again... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4370 Posted: Wed Aug 01, 2012 1:41 pm Post subject: |
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| stevenmat wrote: | | same view here sam..i think we are going to test 5380 levels again... |
Okie...Steven....might turn out to be a wise decision.... ....Anyway, I'm still holding my SHORTs....as I still believe that the market will go down.... ....Let's see what happens.... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #4371 Posted: Wed Aug 01, 2012 2:05 pm Post subject: |
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I think we are due to touch 5100 in this week.
But ECB meeting today, anything could happen. As such I feel DAX hit resistence yesterday. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4372 Posted: Wed Aug 01, 2012 2:15 pm Post subject: |
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| apka wrote: | I think we are due to touch 5100 in this week.
But ECB meeting today, anything could happen. As such I feel DAX hit resistence yesterday. |
Most of the global markets are near their resistances.....Apka....I still believe in what I have written yesterday.....I expect the market to have some correction or even sell off after the RBI policy meet....today is the first day after that event.....anyway, I have posted what I felt correct to me.....but that doesn't mean that our markets feel the same.... ....so, just waiting for some sell off...don't if it will ever happen....but I've initiated a few more SELLs in the last few days....especially, IT, Banking and Real Estates... ....but I have a feeling that there could be some more left on the upside....again, selling opportunities.... ....at least I dont see any reason to initiate any LONGs here....hmn....Fingers Crossed... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #4373 Posted: Wed Aug 01, 2012 2:33 pm Post subject: |
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| getting confused now, SBIN looking like will goto 2090. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4374 Posted: Wed Aug 01, 2012 2:42 pm Post subject: |
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| apka wrote: | | getting confused now, SBIN looking like will goto 2090. |
Very much possible, Apka....I also believe that 2090 levels should be the next major resistance for the stock......one more thing is that L&T is looking good for a target of around 1415-1420 levels....that's why I have a feeling that there could be a bit more upside left.... ....initiating a position here looks difficult....and confusing as well...but for me..well, I consider this as an opportunity for those to exit the LONGs or an opportunity to initiate some SHORTs....most of the people dont believe in that view....so, let's see...
Last edited by psalm on Mon Aug 06, 2012 9:58 am; edited 2 times in total |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #4375 Posted: Wed Aug 01, 2012 4:39 pm Post subject: |
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| psalm wrote: | | apka wrote: | | getting confused now, SBIN looking like will goto 2090. |
Very much possible, Apka....I also believe that 2090 levels should be the next major resistance for the stock......one more thing is that L&T is looking good for a target of around 1415-1420 levels....that's why I have a feeling that there could be a bit more upside left.... ....initiating a position here looks difficult....and confusing as well...but for me..well, I consider this as an opportunity for those to exit the LONGs or an opportunity to initiate some SHORTs....most of the people dont believe in that view....so, let's see... |
The ECB meet is happening amidst high expectation.Meeting high expectations is a tough task.The EU markets are inching up with the same expectations and so the world markets including Indian market.What wil happen if the meet under delivers?!
Sam will be the best person to tell that. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4376 Posted: Wed Aug 01, 2012 6:02 pm Post subject: |
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| rk_a2003 wrote: | | psalm wrote: | | apka wrote: | | getting confused now, SBIN looking like will goto 2090. |
Very much possible, Apka....I also believe that 2090 levels should be the next major resistance for the stock......one more thing is that L&T is looking good for a target of around 1415-1420 levels....that's why I have a feeling that there could be a bit more upside left.... ....initiating a position here looks difficult....and confusing as well...but for me..well, I consider this as an opportunity for those to exit the LONGs or an opportunity to initiate some SHORTs....most of the people dont believe in that view....so, let's see... |
The ECB meet is happening amidst high expectation.Meeting high expectations is a tough task.The EU markets are inching up with the same expectations and so the world markets including Indian market.What wil happen if the meet under delivers?!
Sam will be the best person to tell that. |
Sam has given his verdict a few weeks back itself.....  ....By the way, expectations are for the smaller players like you and me, RK......"Key players" are already aware of what the outcome could be from that meeting, I believe..... and they might have already initiated positions (LONG or SHORT) as per that.....The best way is to follow them...I mean following the smart money......looking at the way the charts are forming, I have a feeling that the markets are gonna go down.....As per that theory, lot of negatives have to happen.....it will come one by one, I believe.... the first one in that series might come tonight.....there is one event scheduled for tomorrow and then another one on Thursday as well....."FROM MY READING OF THE CHARTS", I expect negatives to come from those meetings.....to be precise, I give it a high probability....so, i have positioned as per that in this market......I expect positive return from these trade....but at some point if I feel that I got it wrong, I'll close my positions with losses...and then look for another opportunity....LONG or SHORT...
NOTE: I GOT IT WRONG WITH NIFTY IN THE LAST FEW TIMES ....that's why even when giving opinions, I include upper (higher) targets once the levels are broken (read it as "trying my best to be unbiased").... ....By the way, I'm very much aware that the market may have other plans...so, fingers crossed... |
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dine
White Belt
Joined: 11 Jul 2009
Posts: 73
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| Post: #4377 Posted: Wed Aug 01, 2012 7:16 pm Post subject: |
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Dear Sam,
Congrats for updating this thread regularly. I have been watching this thread for so long. Of late, you ve been advocating for much lower targets based on your chart reading. Would you mind sharing your chart study/theory based on which you predict lower target.?
Regards,
Dinesh S |
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pkveenu
White Belt
Joined: 21 Apr 2009
Posts: 106
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| Post: #4378 Posted: Wed Aug 01, 2012 7:50 pm Post subject: nifty view |
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hi sam
me too always wish to read your regular views about nifty as well as individual stocks
do post it regularily even market is in that way or not
your way is always a technical one and that too keeping all other events in mind
really appreciable
keep it up
regards
pkveenu |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #4379 Posted: Wed Aug 01, 2012 9:13 pm Post subject: |
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| psalm wrote: | | rk_a2003 wrote: | | psalm wrote: | | apka wrote: | | getting confused now, SBIN looking like will goto 2090. |
Very much possible, Apka....I also believe that 2090 levels should be the next major resistance for the stock......one more thing is that L&T is looking good for a target of around 1415-1420 levels....that's why I have a feeling that there could be a bit more upside left.... ....initiating a position here looks difficult....and confusing as well...but for me..well, I consider this as an opportunity for those to exit the LONGs or an opportunity to initiate some SHORTs....most of the people dont believe in that view....so, let's see... |
The ECB meet is happening amidst high expectation.Meeting high expectations is a tough task.The EU markets are inching up with the same expectations and so the world markets including Indian market.What wil happen if the meet under delivers?!
Sam will be the best person to tell that. |
Sam has given his verdict a few weeks back itself..... ....By the way, expectations are for the smaller players like you and me, RK......"Key players" are already aware of what the outcome could be from that meeting, I believe..... and they might have already initiated positions (LONG or SHORT) as per that.....The best way is to follow them...I mean following the smart money......looking at the way the charts are forming, I have a feeling that the markets are gonna go down.....As per that theory, lot of negatives have to happen.....it will come one by one, I believe.... the first one in that series might come tonight.....there is one event scheduled for tomorrow and then another one on Thursday as well....."FROM MY READING OF THE CHARTS", I expect negatives to come from those meetings.....to be precise, I give it a high probability....so, i have positioned as per that in this market......I expect positive return from these trade....but at some point if I feel that I got it wrong, I'll close my positions with losses...and then look for another opportunity....LONG or SHORT...
NOTE: I GOT IT WRONG WITH NIFTY IN THE LAST FEW TIMES ....that's why even when giving opinions, I include upper (higher) targets once the levels are broken (read it as "trying my best to be unbiased").... ....By the way, I'm very much aware that the market may have other plans...so, fingers crossed... |
Sam,
Though big players know the major events in advance it cannot be applied everywhere.
EU is not a single unit. It has multiple nations with diversified interests. What is good for Germany cannot be same for UK and so on….
Due to this conflict of interests no one knew the outcome of such meetings exactly, even institutes. In fact the heads too may not have a clear idea of the outcome till negotiations are over.
In general they may have an idea about the outcome but the exact course will be known only after the meeting, that’s where the disappointments or fulfillments may occur even to institutes. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4380 Posted: Thu Aug 02, 2012 8:40 am Post subject: |
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| dine wrote: | Dear Sam,
Congrats for updating this thread regularly. I have been watching this thread for so long. Of late, you ve been advocating for much lower targets based on your chart reading. Would you mind sharing your chart study/theory based on which you predict lower target.?
Regards,
Dinesh S |
Dinesh,
I have mentioned how I come to a conclusion regarding the stocks or indices quite a few times in this very thread. Details about that were provided more than 2 times in this very thread. Again, let me tell you that I'm a pivot trader, a trader who make use of level from a pool of pivots after identifying some trend.
NOTE: Will try to post charts as well if found useful.
Regards,
SAM |
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