WHAT 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?
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.
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.
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.
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.
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