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Nifty View |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #481  Posted: Tue Jan 31, 2012 3:11 pm Post subject: |
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| is it an attempt to make a double top at 5211 or head higher and higher? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #482 Posted: Tue Jan 31, 2012 3:17 pm Post subject: |
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| vinay28 wrote: | | is it an attempt to make a double top at 5211 or head higher and higher? |
One should be ready for both vinay...But as of now, the trade is short because there is no point in going LONG because of the risk. But one can go LONG without much thought if the market crosses 5230-5250 range.....Till that time, its a short....at least for me...
Regards |
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vinay28
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Joined: 24 Dec 2010
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| Post: #483 Posted: Tue Jan 31, 2012 3:20 pm Post subject: |
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| like I had said earlier today and yesterday, I feel we are headed much higher. I did however expect it to come down to 5075 first. |
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vinay28
Black Belt
Joined: 24 Dec 2010
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| Post: #484 Posted: Tue Jan 31, 2012 3:22 pm Post subject: |
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| we are once again very close to 200 dma |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #485 Posted: Tue Jan 31, 2012 3:22 pm Post subject: |
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But I'm holding my shorts...will wait for tomorrow....and see where nifty is headed....  |
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maddyprincess
White Belt
Joined: 15 Nov 2011
Posts: 160
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| Post: #486 Posted: Tue Jan 31, 2012 3:35 pm Post subject: |
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psalm
Black Belt
Joined: 12 Nov 2011
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| Post: #487 Posted: Tue Jan 31, 2012 3:39 pm Post subject: |
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| maddyprincess wrote: | |
It could be anything Maddy....Short Covering or LONG unwinding.....But looking at the way the market has behaved today, it seems the shorts were covered yesterday....
Regards
Sam |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #488 Posted: Tue Jan 31, 2012 7:09 pm Post subject: |
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hi............plasm
wt will b ur views abt nifty...................is it still 5230 crossing u may change ur views ??.............pls advice
thanks
anand |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #489 Posted: Tue Jan 31, 2012 7:56 pm Post subject: |
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| today's volume was just 1 lac cr. |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #490 Posted: Tue Jan 31, 2012 8:04 pm Post subject: |
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Hang on to your hats , cowboys ! This bronco is headed to 5400 in the near term as long as it stays above 5176.
Never fight the liquidity ie QE. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #491 Posted: Tue Jan 31, 2012 8:31 pm Post subject: |
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Ya as long EURO and Dollar is printed to their whimps and need then why 5400 why not 6400.
Who cares if it goes 1000 points up from here or down we are only interested in the profit we make. Let not those FII's make profit at our expense. Stay and select the right side.
FII r smart jerks, they gonna take out stoplosses but dont be duped by them.
Technically go long at 5230 and above and till then keep watch. For the market to get bearish after such a rally you need some volatility.
This week will give some volatility in coming days so opportunity will be there. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #492 Posted: Wed Feb 01, 2012 12:23 am Post subject: Nifty View |
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| anand1234 wrote: | hi............plasm
wt will b ur views abt nifty...................is it still 5230 crossing u may change ur views ??.............pls advice
thanks
anand |
Hi Anand,
I wont be selling my Shorts even tomorrow. I was planning to exit them if the market breaks 5231 levels. However, I have changed my mind. Unless and until the market breaks the upper-end of the downward channel, i wont be selling my SHORT positions. This could be a foolish decision. But still I'm planning to hold it. However, for others, i wont ask them to wait further. They can get out of the short positions if the market crosses 5231-5238 range is broken.
NOTE: If somebody is shorting the market in the range 5200-5230 or buying PUTs around those levels, there is nothing wrong for them to wait for the long term resistance to be crossed, I guess.
Regards,
Sam |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #493 Posted: Wed Feb 01, 2012 2:13 am Post subject: |
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| taxmann50 wrote: | Ya as long EURO and Dollar is printed to their whimps and need then why 5400 why not 6400.
Who cares if it goes 1000 points up from here or down we are only interested in the profit we make. Let not those FII's make profit at our expense. Stay and select the right side.
FII r smart jerks, they gonna take out stoplosses but dont be duped by them.
Technically go long at 5230 and above and till then keep watch. For the market to get bearish after such a rally you need some volatility.
This week will give some volatility in coming days so opportunity will be there. |
that's the key for retail |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #494 Posted: Wed Feb 01, 2012 7:12 am Post subject: Market |
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| AJAYHKAUL wrote: | | taxmann50 wrote: | Ya as long EURO and Dollar is printed to their whimps and need then why 5400 why not 6400.
Who cares if it goes 1000 points up from here or down we are only interested in the profit we make. Let not those FII's make profit at our expense. Stay and select the right side.
FII r smart jerks, they gonna take out stoplosses but dont be duped by them.
Technically go long at 5230 and above and till then keep watch. For the market to get bearish after such a rally you need some volatility.
This week will give some volatility in coming days so opportunity will be there. |
that's the key for retail |
There are people, who anticipate a breakout. They are LONG in this market.....Intraday trade is fine, but how about positional LONG?...is it the right trade at the moment when the markets are trading nowhere? No...Its not....at least for me. I wont hesitate to join the bandwagon of the Bulls if I see any confirmation for a breakout. I know that there are chances of a breakout. So, I'm cautious about it. But I'm still bearish about the market, I'm not even neutral now. I know that the breakout, if happens, is not far from here and my decision to short the market might come a cropper . But I stand by my decision.
NOTE: This is just the view I have about the market. However, please note that this opinion shouldn't affect anyone's decision. Make sure that you have done your own analysis before making any trading decision. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #495 Posted: Wed Feb 01, 2012 9:05 am Post subject: |
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| you are right sam that nifty must conclusively close above 200dma of about 5220/30 but be careful. I still feel next 7 working days are crucial as not too many suckers have ben trapped. |
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