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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #451 Posted: Mon Jan 30, 2012 3:21 pm Post subject: |
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psalm wrote: | vinay28 wrote: | sam, looks like nifty is done for today |
Cant say that Vinay, cos Nifty is trading below 200-day EMA now. The next support is only around 5075 levels. But may be 5100 will hold i, guess. Let's see.
Regards |
Low made now is around 5075.... |
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #452 Posted: Mon Jan 30, 2012 3:22 pm Post subject: |
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Nifty stood for its outperformance upside as well as downside too. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #453 Posted: Mon Jan 30, 2012 3:36 pm Post subject: Nifty |
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rk_a2003 wrote: | Nifty stood for its outperformance upside as well as downside too. |
yup...very much.... |
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ragarwal Yellow Belt
Joined: 16 Nov 2008 Posts: 582
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Post: #454 Posted: Mon Jan 30, 2012 7:45 pm Post subject: |
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sure vinay,silver on 30th jan uptil now
open:57090
high:57090
low:56425
current price at 7.42:56760 |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #455 Posted: Mon Jan 30, 2012 9:04 pm Post subject: |
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Thanks rashmi. That's 1160 above ur price. did u book? if not what is ur SL?
Also, post in another thread so that we don't spoil sam's thread on nifty view |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #456 Posted: Tue Jan 31, 2012 9:13 am Post subject: Nifty Outlook for the day |
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Hi All,
Market is expected to open UP by around 40 points. However, wait for the market to stabilize and then decide which way you want to trade. I still believe the market is heading for lower levels. May be, the market might close around 5030-5040 range even if we open higher. But this is my opinion. It doesn't mean that it will happen. It is possible that we might close very higher than yesterday. So, have good look at the chart yourself before coming to any conclusion.
The levels 5145-5160 will be the supply area today. Expect another round of profit booking or fresh short position around these levels. However, the levels to watch now is the 5180 levels I guess. I dont think 5180 levels will be broken. However, on the down side, 5075-5080 will provide the necessary support. Below that, we might test 5025-5030 levels.
Regards,
Sam |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #457 Posted: Tue Jan 31, 2012 9:31 am Post subject: Market Update |
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Hi,
The market is around 5145 now. I think its a good place to start shorting the market again. I dont expect more than 15 or 20 points from here on the UP. Lot of stocks have come to their resistances now. If interested, traders can look to short the market and stocks from here.
Regards,
Sam |
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ridinghood Yellow Belt
Joined: 16 Apr 2009 Posts: 724
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Post: #458 Posted: Tue Jan 31, 2012 9:37 am Post subject: |
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thnx for ur timely nifty update psalm brother!
regs
ridinghood |
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #459 Posted: Tue Jan 31, 2012 9:40 am Post subject: Re: Market Update |
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psalm wrote: | Hi,
The market is around 5145 now. I think its a good place to start shorting the market again. I dont expect more than 15 or 20 points from here on the UP. Lot of stocks have come to their resistances now. If interested, traders can look to short the market and stocks from here.
Regards,
Sam |
It’s an intelligent and apt call though bold Sam!
I do accept with you that the Market is not going to run up from here any way. Risk is relatively less for short traders as you said.Still there is no gurantee of going down too. |
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anand1234 Yellow Belt
Joined: 17 Jul 2010 Posts: 830
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Post: #460 Posted: Tue Jan 31, 2012 9:41 am Post subject: Re: Market Update |
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psalm wrote: | Hi,
The market is around 5145 now. I think its a good place to start shorting the market again. I dont expect more than 15 or 20 points from here on the UP. Lot of stocks have come to their resistances now. If interested, traders can look to short the market and stocks from here.
Regards,
Sam |
hi.....
it will b nifty spot wright??
thanks
anand |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #461 Posted: Tue Jan 31, 2012 9:47 am Post subject: Re: Market Update |
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anand1234 wrote: | psalm wrote: | Hi,
The market is around 5145 now. I think its a good place to start shorting the market again. I dont expect more than 15 or 20 points from here on the UP. Lot of stocks have come to their resistances now. If interested, traders can look to short the market and stocks from here.
Regards,
Sam |
hi.....
it will b nifty spot wright??
thanks
anand |
Yes Anand....spot prices...as always....
Regards |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #462 Posted: Tue Jan 31, 2012 9:50 am Post subject: |
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I think 5160 NS is possible but I agree with you sam in trying a short, but only for today or at the most tmrw morning. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #463 Posted: Tue Jan 31, 2012 9:51 am Post subject: Re: Market Update |
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rk_a2003 wrote: | psalm wrote: | Hi,
The market is around 5145 now. I think its a good place to start shorting the market again. I dont expect more than 15 or 20 points from here on the UP. Lot of stocks have come to their resistances now. If interested, traders can look to short the market and stocks from here.
Regards,
Sam |
It’s an intelligent and apt call though bold Sam!
I do accept with you that the Market is not going to run up from here any way. Risk is relatively less for short traders as you said.Still there is no gurantee of going down too. |
Yes RK....the probability of another profit booking is higher at these levels. So, rather than going LONG, its safer to short the market....because the STOPLOSS is pretty much near and clear.... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #464 Posted: Tue Jan 31, 2012 9:52 am Post subject: |
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ridinghood wrote: | thnx for ur timely nifty update psalm brother!
regs
ridinghood |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #465 Posted: Tue Jan 31, 2012 9:53 am Post subject: |
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vinay28 wrote: | I think 5160 NS is possible but I agree with you sam in trying a short, but only for today or at the most tmrw morning. |
So, are you expecting the market to breakout from these levels, Vinay?? |
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