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?
ON OUR WAY TO DAY CLOSE 5133 (SPOT); MORE OR LESS SAME LEVEL. WHAT DOES EOD SAY?
From : Pradip Ray at 12:13 AM - Sep 21, 2011 (16 hours ago)
WE SEEM TO HAVE A ROAD MAP TO 5300 (GAP AT 5320) AND THEN- UREE BABA- TYPE. MORE TIME IT TAKES - THE BETTER. WE WILL HAVE SOME MORE TIME TO LOOOOONG. THEN IN THE CAULDRON OF THOSE SQUEEZER -SHT..........
GAP CONVINCINGLY CLOSED. NOW POSSIBILITY OF GOING TOWARDS NXT GAP FULFILLMENT.RELIANCE IS THE PRIME MOVER. OTHER NIFTY STOCKS I HAVE NOT CHKED AS YET. NO SIGN OF TIREDNESS . TO MORROW ???? I WILL HAVE TO CHK THE EOD CHARTS THOUGH.
From : Pradip Ray at 09:32 PM - Sep 19, 2011 (18 hours ago)
GAP FORMED AGAIN. NOW NIFTY TO GO GO UP WILL HAVE TO CROSS 5080 SPOT.TO DAY'S MOVE WAS COMPREHENSIBLY DOWN. O/H/L/C TO DAY 5068/5068/ 5017/5029, FRIDAY CLOSED 5080 TYPE. SO THIS GAP IS FORMED.
TO MORROW WATCH IF 5000 IS BREACHED OR 5080 IS CLOSED.FEW INTERMEDIATE POINTS MAY BE SEEN IN THE PIVOT / FIB CHART.5100-5000 MAY BE THE LVL TO CARE.
i think reality sector's has more strength . so any one want to buy stock, compare strength between different stock in reality sector.............through i am not saying of anything buying in this situation..........things are not good for long still now.......
nifty on19.9.2011 As expected on friday Showed strong resistance at 5120 spend lot of time at this level , sudden jump to 5140 but not crossed this level as chart showed . (Check early post)
What next on nifty now? Now as per daily chart nifty will start to lose its up move steam in coming days but for that it has to create negative divergence on daily chart, to make this nifty must and should trade above 5170 level then it will come down again . so this week will be deciding week for nifty. So positional traders don't short nifty keep positive ,the moment it trades above 5170 then take exits on longs and take shorts.
Intraday - Levels down 5030 and 4975 , levels up as usual 5120 and 5140. Probability of intraday nifty-
Flat to negative opening,difficult to cross 5120 , end in negative.
NEXT WEEK DONT EXPECT BIG MOVE EITHER SIDE HIGER SIDE 5170 AND AT LOWER SIDE 5005 + 0R - 30 POINTS ON CLOSING BASIS THAT WOULD KILL ALL OUT OF MONEY CALL AND PUT OPETIONS 5100+ CALL OR 4900 -PUT OPTIONS WILL DIMINISH IN VALULE AND TIME...!!
YES LEENA, I DO NOT KNOW / UNDERSTAND MUCH ABOUT THIS HFT BUT INTERNET REPORTS R DISTURBING (WHO KNOWS. EVEN THOSE REPORTS MAY BE CONCOCTED).
AND MR(S) SUGA AND CHAR, THESE R SOME POINTS HARD TO DIGEST. LOGIC FAILS TO ACCEPT. REALITY SHOWS OTHERWISE. I WROTE ABOUT MY APPREHENSIONS, U URS. MAY BE BOTH R WRONG. MAY B BOTH R RIGHT. EXPIRY IS CLOSING .AND HARISH ALREADY GAVE HIS IDEA. LET US C WHAT IS IN STORE. BUT THE HEAT / COLD R TOUCHING US.
All world is lying.The latest report from greece if it is reliable, says they given wrong highly inflated figures to grab the european union and IMF aid.
the market as a whole is in the hand of powerful circulated traders who get full information about the public sentiments prevailing in the market and change the cards accordingly.
The trading pattern totally changed now. Before 5 to 6 brokers sitting in differnt location do the circular trading,now it is ovetaken by the High frequency traders.If you still dont beleive, see the trades happening with in 3 to 4 seconds in major counters and nifty and see the volume.It is hard to beleive.
Why Nifty didnot crash on friday, despite Petrol hike, Bad IIP numbers, Inflation numbers and raise of Interest rate by RBI? These things are already discounted by Market, I feel. Now it is like Nifty at zero level and from here any little Positive or Negative news will take the market in that direction. Personally, I feel the market is trying move up and hence it is supported well, otherwise market (Nifty) would have crashed at least 50 points at each negative news.
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