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ajayhkaul Yellow Belt
Joined: 18 Jun 2009 Posts: 866
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Post: #541 Posted: Wed Feb 01, 2012 4:07 pm Post subject: |
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AJAYHKAUL wrote: | AJAYHKAUL wrote: | 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. |
The current battle is for 5176 NS |
Hope you guys having good fun bobbing up and down with the Nifty this and nifty that .... !
Like I keep repeating like a broken record ...NEVER fight the FED/QE. And this rise has nothing to do with technical Analysis , guys .... its all in your mind. |
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ajayhkaul Yellow Belt
Joined: 18 Jun 2009 Posts: 866
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Post: #542 Posted: Wed Feb 01, 2012 4:09 pm Post subject: |
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vinay28 wrote: | just now came to know that much more money may come into India as european investors are moving their money here! |
Just now Vinay ??? The writing was on the wall ! |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #543 Posted: Wed Feb 01, 2012 4:10 pm Post subject: |
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Agreed but who cares, everyone here is only interested in getting some money out of the markets, keep cool and drop your ego start minting money.
Who cares if nifty is long or short? |
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ajayhkaul Yellow Belt
Joined: 18 Jun 2009 Posts: 866
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Post: #544 Posted: Wed Feb 01, 2012 4:16 pm Post subject: |
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psalm wrote: | maddyprincess wrote: | Fiscal deficit is likely to be about one per centage point higher than the budgeted 4.6 per cent of gross domestic product in the current fiscal year that ends in March - This is a bad news !!!!!!! |
They wont be able to find money through disinvestment...so it must be true....if it is true, then its a very bad macro... |
This is a good macro for the market psalm....because that means we are also printing money to spend lavishly. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #545 Posted: Wed Feb 01, 2012 7:33 pm Post subject: |
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ajay, came to know just now as a confirmation.
deficit issue was known to market long ago. |
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #546 Posted: Wed Feb 01, 2012 7:46 pm Post subject: |
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AJAYHKAUL wrote: | psalm wrote: | maddyprincess wrote: | Fiscal deficit is likely to be about one per centage point higher than the budgeted 4.6 per cent of gross domestic product in the current fiscal year that ends in March - This is a bad news !!!!!!! |
They wont be able to find money through disinvestment...so it must be true....if it is true, then its a very bad macro... |
This is a good macro for the market psalm....because that means we are also printing money to spend lavishly. | |
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #547 Posted: Wed Feb 01, 2012 7:55 pm Post subject: |
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vinay28 wrote: | what the hell, rk & sam, I posted market data as you wanted and there is no reaction from you two? Does it take so much time to review it? |
Sorry Vinay!
I was away from the market and from the web too.
By the way where is the Data .Could not find it. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #548 Posted: Wed Feb 01, 2012 8:33 pm Post subject: |
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it's under a new thread "market data". |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #549 Posted: Thu Feb 02, 2012 9:00 am Post subject: |
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for today sam, I feel nifty will react from 5310 and lower target may be 5195/5150 first before it starts next rally |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #550 Posted: Thu Feb 02, 2012 9:41 am Post subject: |
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vinay28 wrote: | for today sam, I feel nifty will react from 5310 and lower target may be 5195/5150 first before it starts next rally |
No more opinion...I dont understand the market..... ....I'm waiting for a clear signal now.....for up or down... |
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ajayhkaul Yellow Belt
Joined: 18 Jun 2009 Posts: 866
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Post: #551 Posted: Thu Feb 02, 2012 9:42 am Post subject: |
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psalm wrote: | AJAYHKAUL wrote: | psalm wrote: | AJAYHKAUL wrote: | AJAYHKAUL wrote: | At the moment psalm looks like we could see 5130- 5180 -5230 - 5280 . And beyond 5280 is another story ...but we await the market move in the stated order.
Government just changed some norms on IPOs.... so they know its time for IPOs to raise money from the public. Again, the PSU disinvestment plans may be revived. For all this to happen , the ducks have to come home and that can happen only if the liquidity sloshes around our market and things start to bubble.... |
5177 TODAY? |
Ajay,
By the end of the day, you might see a lot of inverted hammers in charts, I guess.... ....Let's see... |
we did 5130-5180 w/o any sweat.... and today they seem to have loaded more ammo to go further... |
Could be true. But as per my strategy and trade setup, nothing has changed yet as the Stoploss for my positional trades is 5231. I'm still accumulating PUTs. May be I might get stopped out, but that's part of the game. I feel that today and Monday are very important as far as the market direction is concerned. I still feel that the market will go down from here. But if the market breaks out 5231, then I'll wait for any direction....Maybe I'll wait till 5400 to be crossed to have a bullish view. Fingers crossed.
Regards,
Sam |
We have completed the above sequence ...now at 5280 |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #552 Posted: Thu Feb 02, 2012 9:52 am Post subject: |
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AJAYHKAUL wrote: | psalm wrote: | AJAYHKAUL wrote: | psalm wrote: | AJAYHKAUL wrote: | AJAYHKAUL wrote: | At the moment psalm looks like we could see 5130- 5180 -5230 - 5280 . And beyond 5280 is another story ...but we await the market move in the stated order.
Government just changed some norms on IPOs.... so they know its time for IPOs to raise money from the public. Again, the PSU disinvestment plans may be revived. For all this to happen , the ducks have to come home and that can happen only if the liquidity sloshes around our market and things start to bubble.... |
5177 TODAY? |
Ajay,
By the end of the day, you might see a lot of inverted hammers in charts, I guess.... ....Let's see... |
we did 5130-5180 w/o any sweat.... and today they seem to have loaded more ammo to go further... |
Could be true. But as per my strategy and trade setup, nothing has changed yet as the Stoploss for my positional trades is 5231. I'm still accumulating PUTs. May be I might get stopped out, but that's part of the game. I feel that today and Monday are very important as far as the market direction is concerned. I still feel that the market will go down from here. But if the market breaks out 5231, then I'll wait for any direction....Maybe I'll wait till 5400 to be crossed to have a bullish view. Fingers crossed.
Regards,
Sam |
We have completed the above sequence ...now at 5280 |
Hi Ajay,
I think I was wrong when I have anticipated that the market will go down from around 5160-5230 range....I have been analyzing the charts the whole day yesterday....but couldn't find anything...hahaha...The trade was correct till yesterday..But I shouldn't have gone against the market....It was a mistake....By saying that I'm not supporting a bullish view yet....But I agree with your analysis now that it was the liquidity which has pushed the market up.....Anyway, I have lost a around 150 points in this trade....its a good lesson for the future.....I'm waiting for a clear signal now....way up or down....
Regards,
Sam |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #554 Posted: Thu Feb 02, 2012 10:17 am Post subject: |
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ajayhkaul Yellow Belt
Joined: 18 Jun 2009 Posts: 866
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Post: #555 Posted: Thu Feb 02, 2012 10:27 am Post subject: |
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Hi Ajay,
I think I was wrong when I have anticipated that the market will go down from around 5160-5230 range....I have been analyzing the charts the whole day yesterday....but couldn't find anything...hahaha...The trade was correct till yesterday..But I shouldn't have gone against the market....It was a mistake....By saying that I'm not supporting a bullish view yet....But I agree with your analysis now that it was the liquidity which has pushed the market up.....Anyway, I have lost a around 150 points in this trade....its a good lesson for the future.....I'm waiting for a clear signal now....way up or down....
Regards,
Sam
Sure Sam... happens all the time.... but keep this at the back of your mind ...
...if you were not at the wedding, don't go to the funeral...!
( this is from horse racing)[/i] |
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