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MARKET FROM NEXT WEEK
| From : Pradip Ray at 12:10 AM - Sep 03, 2011 ( ) |
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Share it on FacebookWHAT DO U GUYS FEEL ABOUT THE MARKET NXT WEEK ? GENERAL GUT FEEL: EW FEEL; TECHNICAL FEEL; NEWS BASED FEEL; EXPECTANCY FEEL ; RETRACEMENT FEEL ; STOCK SPECIFIC FEEL ; SECTOR SPECIFIC FEEL ; FII/DII SPECIFIC FEEL; RBI FEEL;INFLATION FEEL ; ANY OTHER FEEL?
NIFTY CHART GAVE AN EV STAR TO DAY ? EID KA CHAND;KHUSI KA DIN .THOSE IN SHT SIDE AND THOSE IN THE LONG SIDE WOULD TEND TO INTERPRET IT IN HIS OWN WAY. WHICH SIDE R U?
20.09.11 dow - 108; sgx nifty -17
TO DAY'S VIX
|
32.00 |
32.81 | 30.50 | 31.07 | 32.00 | -2.90 |
TO DAY'S VIX - RANGEBOUND.TREND UP.
As on Sep 30, 2011 15:30:27 hours IST
India VIX  |
||||||
| Open | High | Low | Current | Prev Close | % Change | |
| 31.07 | 32.52 | 30.28 | 31.94 | 31.07 | 2.80 | |
No comments !
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What will happen to market to morrow ? Any real trade with volume will take place ? All of us exprcting thin volume and lean trade.Past few similar Saturdays taught us.This time will the History repeat?
Chart wise we see an indecisive pattern in the daily chart while weekly chart is bearish.Sort of a mrng doji . Take care of 5230 Spot. Above it may reach 5280. Below 5180. So a 100 point range bound move.
That was yesterdays posting when STRONG SUPPORT / RESISTANCE came to 5260-70 spot. Now look at the strengh of the TA. The market , inspite of all his algotrading came back to close at 5290 implying the strength is in place. Have faith on TA and TC of ur SL as that became the point of attack.Individual Nifty stock did not react in unison with the Index.So Index now is the point of attack. In 2010 it was INFOSYS, To morrow again may be a stock or/ and Index. If u have faith in ur TA what u can do is accept the SL and re enter. The earlier concept of not averaging the option, avoid bottom fishing, go with the trend etc may call for a revisit.
From : Pradip Ray at 09:16 PM - Apr 19, 2012 ( a day ago )
To days pix emerge as below. An isoseles triangleStrong support / resistance at 5260-70 . The gaps at 5344 is closed although very transiently. RIL result has strong potential I found in my Mail Box a letter from one of the EW proponents about market trend as dwn. I am not all that educated and qualified. But the damage done by these Experts I have bitterly witnessed. May be the long term trend is up;may be it is down. But a trader is concerned about day,week end , BTST ,STBT etc. They are nor Investors. And north or south does not matter.
Having said that I see the trend is up. I dont put any number as is my habit. Only a general outline.
This is a bit embarrassing to know and with all humility I accept ur wishes in my journey.
Sir, first of all congratulations on completing two years, and your thread is becoming more and more informative, great job sir!!! All the best...
Dear Pradip Ray,
Congradulation for completing 2 year in mudraa today!
The interesting part is , it was not me who find this out!
The credit goes to some one else in mudraa !
To days pix emerge as below. An isoseles triangleStrong support / resistance at 5260-70 . The gaps at 5344 is closed although very transiently. RIL result has strong potential I found in my Mail Box a letter from one of the EW proponents about market trend as dwn. I am not all that educated and qualified. But the damage done by these Experts I have bitterly witnessed. May be the long term trend is up;may be it is down. But a trader is concerned about day,week end , BTST ,STBT etc. They are nor Investors. And north or south does not matter.
Having said that I see the trend is up. I dont put any number as is my habit. Only a general outline.
Gap up open to day as predicted.And the trend continues. LONG LONG and LONG . I am not to kill any bear or bull. Only the Chart, But tomorrow RIL result and Friday. 53/54/55/56 CE are important. And selling 52 put may be chked. Nifty traders would be blessed.
Yesterday we discussed about Gap. look at todays Chart and the Ellipse.How the Gap was finally filled everybody in the market must have noticed.We see these every day but dont NOTICE.But the trend is up -look at the Stoch and expect a gap up tomorrow .
truely a very good and informative thread , well what can one expect more from beloved pradip da
would surely like to share and care
Oh Yes Mr Bansal, my mistake.I ovelooked the wick. Srry frnds. So we go up.
ThanX mr bansal for pointing it.
Pradip Ji, I think no Gap here. Today NIFTY traded below yesterday's close, so Gap up has no meaning.
yes Gap exists, but not here, rather between 5280 to 5320 on 9-April and 5325-5350 on 2 April.
If any Gap has to be filled, its there.
So may be, it will fill gap and then come down again.
Can we call it a Hanging Man Formation ? A little correction to morrow. A gap up open to day . Very good volume. The gap is to be filled up. So we may get a chance to long from that level again as overall the trend may be uppish.
So a dwn of 50-60 points may be expected after the euphoria of bank rate etc are absorbed.
I am glad to see few are aware of this threat HFT creating in the market.Let this be a voice of the mass and let these authorities feel the serious of this financial terririsom.Some are looting the whole world and they keep on doing this with this weapon.
This can destroy a country, a group of countries and can give shock wave if a group of Institutions determined to do it..
No one can stop this Tsunami..
All these people playing in the bond market and from time to time they manipulate the bond market and send false news to the world like europe is tanking , euro is going to crash and behind the scene these cornering stocks and fooling the whole world .
What you can do is create maximum awareness and let the govt and SEBI realise the grave threat and let them at least think india and the normal investor getting out this software usage?
..Who they are supporting in india? Some group of Financial terrorist?
Volatality is good, but a crash of 100 to 150 point with in minutes, will it help any one?
high time to think about it!
As it appears for the last coupla days market is being strongly infuenced by news and associated global cues and HFTs. But market is bound to respect Technicals. May be a bit stretched. And with the advent of Technology and Global players it seems that the archaic concept of SL and target may necessitate a relook. Also the accepted axiom that Intraday is bad may call for consideration. Option for that matter looks better candidate for Intraday (may not be the deep one). We need to fasten our belt to face the new challenges. Asymetrical knowledge, the basis for HFT, the invention of which drew Nobel can not be wished away by enactment. The academics must be ready to tackle it.
Any way as it appears the market is getting ready for a northride. More so as most of the people I talk to are skeptical about reaching 5600 but confident of touching 5000 ! Be that as it may the chart does not say so. May be another few days and the reversal would start. Prior to that a structural change - Metal to FMCG, IT to Infra kind of shift would be seen. It is natural. Overall the Economy is poised for an upward move. Remember Presidential Election is close by and International wathdogs would be at hand.It is necessary that Indian Economy should look good to them . And PSUs are expected to garner money from the market.
So Expect the unexpected !!!
RIL - BP Collaboration cleared; Spain Woes ; CNX IT low;
and PSU s must issue their shares by Aug 2013 - pretty far off.RBI rate cut to be thwarted !!
Can this be the reason of such Kolaveri D ? Inflation Fig ? Sugar IIP correction . sorry I can not make it.
And already i noted ppl started hankering for 4500 !Positional short for 1000 points ! 5000 PE.
It is the time we must be cautious.
I am sorry to report that my prediction of Gap up notwithstanding, I am shocked to witness the Index movement to day.It has taken me totally off guard. And today I am also witness to a peculiar event which sends the message of how this so called HFT made its way in India.
If any of u chk the lvl at NiftyFuture King,he might have noted. It was in the Chat that some body said the market would go up from 1-07 Pm. Mind it 1-07 ! What a confidence ! Or technology ! I was curious as the market was falling like nine pins. Exacat that time THE MARKET DID GO UP . For 2-3 mins and by around 15-20 points. Green engulfing the Red. I was again optimistic. But then came the Tsnami.
And even now this is the message there. 36....range will be 5200 to 5300 ...before 17th 12 pm
Lets take a look at I said yesterday. O/H/L/C spot to day 5240 / 5290 / 5240 / 5277 ( i may be slightly off as i keep track of NF) Any way we got an upmove. Tomorrow a gap up- Stoch and RSI tell that ?Else the trend remain.
A definite uppish Inverted Bullish Hammer. 50 EMA 5254 (Resistance); 5263 is the nearest Pivot;200 EMA 5209 (Support); 100 EMA 5191 - last support.
A definite uppish Inverted Bullish Hammer. 50 EMA 5254 (Resistance); 5263 is the nearest Pivot;200 EMA 5209 (Support); 100 EMA 5191 - last support.
Tsunami not resulted much of a disaster. Gold is High.Currency is hot. IT.Auto and Banking are expected to fare better.Infy kcking off on 13th-lucky for some one.Expcted street 24 % pft. GARR-Monetary policy on 17th
General PAT Growth will be more than 20 %. Inflation effect less on Input Cost. FEMA cost low to nil. However the topline growth may not be encouraging- 12-15 %. So the Bottom Line would more Cost Driven. The sequential dip may be seen in Metal,power and capital goods.
These appear to have already been discounted.Only concern in case of SBI may be the NPA issue.Market is divided in its opinion but verdict seems to be positive.
Lets Hope April brings in a new year of Hope. Happy new year is on 15th -paila baisakh.
Ys. Indeed the gap is filled and rebound. So spot 5420 is kicking to come out. BOL
From : Pradip Ray at 11:53 PM - Apr 03, 2012 (23 hours ago)
The trend is up. Trend line touched . Next resistance 5420 spot. Support @ 5300 spot. Gap up open usually tends to close the gap. So 5300 may be tested. But signals and Indicators are set to move up.VIX is below 20. All the indices except Pharma and, to some extent, Auto are Up. Go long with the support. BOL
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