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MARKET FROM NEXT WEEK
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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 i assume is ...with lot of events and holiday , the big players are able to create a big crack in the system.
Look at the timing! now what is needed? a very bad IIP data on friday to trigger the stop loss of bulls and finally when everything is over , comes the next game...some urgent meeting in europe (ECB) and italy problem going to solve, then ,italy is leaving euro, then italy selling the gold reserve(4th largest gold reserve holder in the word with 1700 tons) and finally some news of agreement , non agreement...
The fooling game will continue.... looting the world will continue...
till then ...keep your account safe! because robbers are all around to steal your money and to make we all bankrupt!
Yes Leena ; I agree. Prophetically it is the best of times; it is the worst of times (a tale of two cities ); Depends on how u look at it.
Having said that and even after seeing the candle pattern, I took refuge to the Chart as a long trend line emerged. As all of us know, drawing a trend line is not free from the drawer's bias, i wanted to cross check. Since u put up ur opinion, it is obligatory on my part to put mine.
There is clear down move in the NIFTY. But on a weekly basis,the Higer Lows need to be negated. Else it will touch 5300 before further move.
Below if we look the daily and weekly chart candle patten are showing clear bearish candles..
in the weekly chart a bearish top harami pattern formed and it can drag nifty further down i feel..
i feel 5152 minimum for nifty if fall below then? hard to predict the weather now...if sbi fall to 1700 then?
cant rule out all these...all options are on the table now..see the danger level lying ahead for nifty 4498
so in this market nothing can be ruled out!
Tell tale sign of weakness and indecisiveness. TC. Better dont carry any position if in pft. Truncated week is coming.
Back.Some NET problem since yesterday. Resolved now.Opened to see the NIFTY move. Greece+Food Inflation+VIX at 6 % low now + Oil Price Hike + Friday => Indecision !!!! Chk 5360. Kaal 5210 was protected. TC. I am not trading though.
VIX increased by > 3.5 %. NIFTY hovering @ 5210. Watch and TC. Cannes Summit -G-20- may send some rider.
Lotsa international events, And u say they dont affect us > Loom around. Traders r euphoric. a journey to 5360 spot seem imminent.A gap up opening !!! Support everybody sounds 5210. So be it.
So take a journey-opens 5280, cruises to 5340; then ! Mln dollar question. rolls back from here or move forward ?
Future will tell of course. And who knows during the course something else happens. And frankly is there really anything to be so euphoric ? Greece election, referendum, europe unsettled, us job promise not much; inflation and growth rate nothing much to write about >I am personally not very positive. Eurozone debt crises the main item in G 20 summit at Cannes.
Current %chnge Open High Low Prev close
| S&P CNX NIFTY | 5,258.45 | 0.01 | 5,216.75 | 5,300.10 | 5,204.95 | 5,257.95 |
Move of 100 points intraday; open to close ~ 40 points; prev close equal to current close. So a Mrng star type- daily chart. Let us update our EOD charts to infer. U may also chk it. Pls..
VIX is sidewise @ 25 type.Nifty PCR 1.2. Everybody is expecting the unexpected. What is ur take ? Not sure !!!!
A morning star or bullish piercing pattern is emerging. We can be sure in the evening. But shorters TC
Reliance 860; sbin 1902 ; ONGC 278 ; HDFC 683
almost prophetic . cheerio. a pat at at the back. self esteem (not money )goes up. Only way to trade in this market seems FnO. Do u agree ?
From : Pradip Ray at 10:13 AM - Oct 30, 2011 (2 days ago)
Reliance is a dicey stock. It dances and take NIFTY along as the dancing duo. It is also punters god. They rhythm with it. Hazarding any guess about RIL is like talking about NIFTY. If the NSE index move up by another 100-150 points - a cool 2-3 %, can RIL / SBI / ONGC / HDFC lag far behind ? So the up move of RIL goes to its weekly resistance of 930 like -in sync with NIFTY. On a downslide it will easily go down to 850- level.Now which one first hits the floor is a lakh takar question.
Lotsa short coverings are in store. Fiddle with RIL if u know the counter. It is a demi god to the Trader. I put up my burnt hands up.
Read it to day in MoneyControl. Thot to share (Editing is mine);
"Eight of the top-10 most valued companies in the BSE Sensex added Rs 85,929 crore to their combined market capitalisation (mid-cap) last week, with energy majors RIL and ONGC stealing the show.
....Sensex gained 6 per cent during the week ; RIL 2,94,025 crore retained the top slot, while ONGC Rs 2,43,489 crore held the title of second most valued company.
TCS Rs 2,19,140 crore emerged as the third most valued company, while CIL Rs 2,13,524 crore slipped to the fourth place, followed by ITC Rs 1,67,236 crore, Infosys Rs 2,19,140 crore, Bharti Rs 1,48,217 crore., NTPC Rs 1,48,217 crore., SBI Rs 1,21,094 crore,and HDFC BankRs 1,12,687 crore......"
Hi,
The news leak is timely. @5400 lots of resistance and may change the trend. let us see
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