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turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
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Post: #76  Posted: Mon Jan 06, 2014 11:27 pm Post subject: |
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Latest Observations:
1. 60M trend is Negative.
2. Slowly Breadth is getting Over Bought.
3. Major supports are between 5900-5750.
After a range Expansion to downside, Nifty is consolidating. Nifty is far from getting over-extended on the down-side. Further fall can be expected in coming sessions.
Invest Wisely,
Turtle
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turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
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| Post: #77 Posted: Wed Jan 08, 2014 8:04 pm Post subject: |
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Latest Observations:
1. 60M Trend is Negative
2. Breadth has more room to get Oversold for Nifty to Bounce.
3. Today its NR4 & Inside Bar on both NS & NF . Since trend is negative, Breakout could fail. Breakdown can be significant.
4. Keep an Eye on 22nd & 24th Jan 2014. Good trade-able Low can be expected. Another Imp date is 6th Feb 2014.
5. Volatility Expansion is indicated by India-Vix chart.
"When in doubt, follow the Trend"
Invest Wisely,
Turtle |
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turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
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| Post: #78 Posted: Thu Jan 09, 2014 1:29 pm Post subject: |
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Supply is not very strong below 6150. And before a Binary event like INFY result, better to trade light, than be Worried.
Invest Wisely,
Turtle
Last edited by turtlecsi on Thu Jan 09, 2014 8:04 pm; edited 1 time in total |
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turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
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| Post: #79 Posted: Thu Jan 09, 2014 7:59 pm Post subject: |
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Latest Observations:
1. 60M Trend is Negative
2. Supply not very strong below 6150.( as of now....)
3. Very Short term Breadth is close to Over-Sold level.
4. Intermediate and Long term Breadth is still Bearish. Not reached Extreme level as yet.....
5. Major supports at sub-5900 level only.
Monday-Tuesday are likely to be turning points. If we continue falling till then, I will expect a strong rebound. If instead , we go up till that time, Nifty may resume down trend there-after.
Invest Wisely,
Turtle |
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turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
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| Post: #80 Posted: Fri Jan 10, 2014 2:03 pm Post subject: |
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60M Trend is turning Positive. This up move may travel farther...
Invest Wisely,
Turtle |
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turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
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| Post: #81 Posted: Fri Jan 10, 2014 3:27 pm Post subject: |
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Nifty failed to hold on to its intra-day gains. However, Short Term Breadth is Oversold. Expecting a pull back latest by Tuesday.
Invest Wisely,
Turtle |
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turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
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| Post: #82 Posted: Fri Jan 10, 2014 8:23 pm Post subject: |
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Nifty is poised at a critical juncture. Will it take out Dec 13 Low @ 6129 ??? Will it give a monthly close below 6139 or 6175 ??? If we are in deed into a Bull Market, the probability is very Low.... Risk Reward Ratio is very good for the Wise ....
Invest Wisely,
Turtle |
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turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
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| Post: #83 Posted: Mon Jan 13, 2014 9:43 am Post subject: |
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If Nifty sustains today's early gain for the next 3 hours, 60M will turn Positive.
Keep a close eye on Dec 2013 Low....6129
Invest Wisely,
Turtle |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #84 Posted: Mon Jan 13, 2014 9:53 am Post subject: |
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| will all time high break this week itself??? |
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amitkbaid1008
Yellow Belt
Joined: 04 Mar 2009
Posts: 540
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| Post: #85 Posted: Mon Jan 13, 2014 11:24 am Post subject: |
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| मुझे 2008 की जनवरी का तीसरा सप्ताह याद आ रहा है |
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turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
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| Post: #86 Posted: Mon Jan 13, 2014 12:02 pm Post subject: |
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We must understand that , for a Major correction ( Jan-Feb 2000, April 2004, May 2006 or Jan 2008), market has to make an Exponential move. At present the situation is not like that. The possibility of such a correction will arise only above 9000 as far as Nifty is concerned and for Sensex above 30000. Till that time there will be Corrections for sure, but not those 20% kind of moves.
Most people missed the Bus to buy near Aug 2013 Low. Trading is one thing...Opinion is something else. If we trade below 6129, Nifty can correct to 5900 odd level. But, I do not see a January 2008 like event happening at current level.
Invest Wisely,
Turtle |
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turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
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| Post: #87 Posted: Mon Jan 13, 2014 8:50 pm Post subject: |
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Latest Observations:
1. 60M and Daily Trends are Positive.
2. Nifty has been successful in holding supports @ 6150-6129 ( So far...)
3. Nifty Spot resistance @ 6310-6360. Failure to get past these by 16th Jan would indicate we may retest 6150-6129.
4. Doubtful if Nifty would take out Dec 2013 high of 6415 in Jan itself. Late Feb to Early March 2014 looks more probable.
5. Very Short term Breadth is still Over sold. If we close in Green or flat for the next session or Two, it will get Over Bought.
6. Short/Intermediate term Breadth are not Over Sold as yet. So the not expecting a Huge Blast-off anytime soon.
7. Expansion in VIX can be expected in the next couple of Sessions.
Invest Wisely,
Turtle
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #88 Posted: Mon Jan 13, 2014 10:22 pm Post subject: |
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| tnx.... |
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turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
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| Post: #89 Posted: Wed Jan 15, 2014 11:27 am Post subject: |
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Nifty Spot is in resistance zone. If we close in green today, Short term Market Breadth will get Over Bought. And with VIX at lower level, must not be Aggressively Long .
Invest Wisely,
Turtle |
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turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
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| Post: #90 Posted: Wed Jan 15, 2014 8:19 pm Post subject: |
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Latest Observations:
1. Both 60M & Daily trends are positive
2. Nifty is in Resistance Zone- (6310-6360)
3. Breadth is getting Over-Bought.
4. 16th Jan is a Turn date. Pay attention...
5. US Dollar Index looks Bullish. Any rally here, may have Bearish Implications.
Invest Wisely,
Turtle |
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