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vinay28
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Post: #91  Posted: Sun Jan 15, 2012 7:25 pm Post subject: |
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| ssrivatsa, the adjectives you have used are also not correct e.g. asleep, teachable. But I don't remember exact ones. |
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ajayhkaul
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Joined: 18 Jun 2009
Posts: 866
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| Post: #92 Posted: Tue Jan 17, 2012 9:39 am Post subject: |
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| AJAYHKAUL wrote: | I expect a spike UP before a normal reaction say around 5000 ..
Then we have a long term resistance to overcome ... from the previous series of lower tops
Are we not looking at a double bottom -- 4531 and 4588 (spot) ?
The center of the W is 4801 and nifty has managed to stay above that for last three trading sessions.
You know how that works....
Also remember lots of foreigners (individuals) are now permitted to trade in the Indian markets. These guys are buying .....
I would rather be disciplined and agile than bearish.
Another exciting week ahead .....! |
Here comes the spike ....? |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #93 Posted: Tue Jan 17, 2012 9:43 am Post subject: |
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| AJAYHKAUL wrote: | | AJAYHKAUL wrote: | I expect a spike UP before a normal reaction say around 5000 ..
Then we have a long term resistance to overcome ... from the previous series of lower tops
Are we not looking at a double bottom -- 4531 and 4588 (spot) ?
The center of the W is 4801 and nifty has managed to stay above that for last three trading sessions.
You know how that works....
Also remember lots of foreigners (individuals) are now permitted to trade in the Indian markets. These guys are buying .....
I would rather be disciplined and agile than bearish.
Another exciting week ahead .....! |
Here comes the spike ....? |
4935-40 levels could give some resistance....Fingers crossed....  |
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vinay28
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| Post: #94 Posted: Tue Jan 17, 2012 9:45 am Post subject: |
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if you keep your fingers crossed, how will you enter trade?  |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #95 Posted: Tue Jan 17, 2012 9:51 am Post subject: |
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| vinay28 wrote: | | if you keep your fingers crossed, how will you enter trade? |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #96 Posted: Tue Jan 17, 2012 10:16 am Post subject: |
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| psalm..... the buying momentum is quite high so 4940 may be overcome ... then its 5000 zone resistance to watch out for |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #97 Posted: Tue Jan 17, 2012 10:18 am Post subject: |
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I hope so....Looks like 4940 wont be a prob...  |
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vinay28
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Posts: 11748
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| Post: #98 Posted: Tue Jan 17, 2012 10:18 am Post subject: |
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| 4960 NF is a resistance |
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vinay28
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Posts: 11748
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| Post: #99 Posted: Tue Jan 17, 2012 10:33 am Post subject: |
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| after a further look, I feel it may go to 4954 NS but after that I WANT it to come down to 4878 |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #100 Posted: Tue Jan 17, 2012 12:35 pm Post subject: |
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| rk_a2003 wrote: | Rupee rosé from 51.89 to 51.42…..Up by 1% suggesting very strong flow of FII money still continuing. Moody’s upgrade of India to investment grade contributing for the massive flow of Dollar from pension and other hedge funds.
Presently most of the money might be going into debt market, it is only question of few days for the massive infusion into equity Markets.
If you believe in the above fundamental reasoning. No one needs to tell you what to do at least for the short term. |
Above observation posted on 13th, now we are nearly in 100 points profit again.The flow appears to be continuing considering the strength in rupee. Can carry longs for a target of 5050 but with TSL just below 4900. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #101 Posted: Tue Jan 17, 2012 1:10 pm Post subject: |
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| rk_a2003 wrote: | | rk_a2003 wrote: | Rupee rosé from 51.89 to 51.42…..Up by 1% suggesting very strong flow of FII money still continuing. Moody’s upgrade of India to investment grade contributing for the massive flow of Dollar from pension and other hedge funds.
Presently most of the money might be going into debt market, it is only question of few days for the massive infusion into equity Markets.
If you believe in the above fundamental reasoning. No one needs to tell you what to do at least for the short term. |
Above observation posted on 13th, now we are nearly in 100 points profit again.The flow appears to be continuing considering the strength in rupee. Can carry longs for a target of 5050 but with TSL just below 4900. |
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ajayhkaul
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Joined: 18 Jun 2009
Posts: 866
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| Post: #102 Posted: Tue Jan 17, 2012 1:39 pm Post subject: |
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| vinay28 wrote: | | after a further look, I feel it may go to 4954 NS but after that I WANT it to come down to 4878 |
Pray harder Vinay ..... |
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #103 Posted: Tue Jan 17, 2012 3:24 pm Post subject: |
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It appears that International Markets are celebrating on European Downgrades and rallying in unison  . Expect severe volatility in the coming day’s. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #104 Posted: Tue Jan 17, 2012 3:33 pm Post subject: |
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| rk, even europeans are celebrating |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #105 Posted: Tue Jan 17, 2012 3:36 pm Post subject: |
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International ....includes Europeans Vinay .
All the Markets displaying brave face. Let one EU bank collapse and watch theese brave hearts.Not very far away....
Last edited by rk_a2003 on Tue Jan 17, 2012 4:35 pm; edited 1 time in total |
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