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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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Post: #616  Posted: Mon Feb 06, 2012 2:23 pm Post subject: |
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| vinay28 wrote: | | ajay, I said market may go down till 2.10pm. it may then start going up and may also go up tmrw. I feel 5485 on spot may be max |
Right now and today it looks like a one-way street? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #617 Posted: Mon Feb 06, 2012 2:31 pm Post subject: |
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| why? it did go down twice and is trying again. you forgot my definition of down. it opened gap up and is down since then |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #618 Posted: Mon Feb 06, 2012 2:38 pm Post subject: |
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| my first target of 5340 reached |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #619 Posted: Mon Feb 06, 2012 2:44 pm Post subject: |
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Gr8 Vinay  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #620 Posted: Mon Feb 06, 2012 2:53 pm Post subject: |
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| it is filling up today's gap |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #621 Posted: Mon Feb 06, 2012 3:12 pm Post subject: |
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| recovery again as suggested. I feel market will be up tmrw also. |
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mania
White Belt
Joined: 24 Dec 2008
Posts: 16
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| Post: #622 Posted: Mon Feb 06, 2012 3:51 pm Post subject: |
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At the end of day, traders places the trade based on his belief abt the market. You can always find support for your belief referring TA/fundamental/liquidity/big news etc...
The move for the day is pre-planned and executed. Most of us trying to align to the market move with our own view/effort/reasoning.... |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #623 Posted: Mon Feb 06, 2012 7:00 pm Post subject: |
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| mania wrote: | At the end of day, traders places the trade based on his belief abt the market. You can always find support for your belief referring TA/fundamental/liquidity/big news etc...
The move for the day is pre-planned and executed. Most of us trying to align to the market move with our own view/effort/reasoning.... |
Well said! Mania
That's what all of us try doing....The best way is not to try read each and every minor move of the market on day by day basis which is next to impossible.... Stick to a little broader view which will protect you from whipsaws.
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #624 Posted: Mon Feb 06, 2012 9:47 pm Post subject: |
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| rk_a2003 wrote: | | mania wrote: | At the end of day, traders places the trade based on his belief abt the market. You can always find support for your belief referring TA/fundamental/liquidity/big news etc...
The move for the day is pre-planned and executed. Most of us trying to align to the market move with our own view/effort/reasoning.... |
Well said! Mania
That's what all of us try doing....The best way is not to try read each and every minor move of the market on day by day basis which is next to impossible.... Stick to a little broader view which will protect you from whipsaws.
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Super ..... words of market wisdom ! |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #625 Posted: Tue Feb 07, 2012 9:10 am Post subject: |
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Hi,
Look like the market will have a Gap Up opening. However, if the opening price of spot nifty is below 5400, one can think about selling NIFTY with a Stoploss of 5410.....I expect some profit booking today which could drag Nifty to 5300-5290 levels, which could act as the support for the day. 5410 could give some resistance. if 5410 is broken, one can expect 5430 or higher levels.
SAM |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #626 Posted: Tue Feb 07, 2012 9:13 am Post subject: |
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| I feel market will be up today. What you have said (reaction) may happen tmrw |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #627 Posted: Tue Feb 07, 2012 9:21 am Post subject: |
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| I expected some profit booking in the morning itself vinay....thats y recommended a sell...anyway, it has not triggered...as the market has opened above my stoploss.....as of now, its almost like an OPEN HIGH.....but this is just a temporary thing, I feel....As ajay and Rk said yesterday....just to shake the weaker bulls a bit... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #628 Posted: Tue Feb 07, 2012 9:26 am Post subject: |
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| I was talking about the whole day sam which may include a mild reaction in morning as you said |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #629 Posted: Tue Feb 07, 2012 9:29 am Post subject: |
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| vinay28 wrote: | | I was talking about the whole day sam which may include a mild reaction in morning as you said |
even, I expect some more selling...vinay......I'm not sure if the market will witness huge buying today....anyway, lets see.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #630 Posted: Tue Feb 07, 2012 9:38 am Post subject: |
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| I feel 5340 may be possible |
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