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Nifty Possible Move Revised////////////////////(GIRISH)
| From : Girish Gopinath at 07:53 PM - Oct 26, 2011 ( ) |
Share it on FacebookI will upload the nifty charts here......
Give me some time........
First is weekly chart of nifty, second daily and third is monthly.....
Monthly charts are not letting up.... however the monthly charts usually turn after a while....
Anyhow, as long as Nifty stays above 5146 a move to 5325.... 5375 is possible.... after this there will be a definite dip to 5000... 5050 levels..... after this we have to reassess the situation and see where the nifty will go as per the trading pattern seen at that time....
As long as we are in the broad channel there is every possibility of fall to 4500 which will complete a cycle as per Elliot Wave........
Pull back to breakout range is possible below 5300..... Inorder for the bullishness to continue it is imperative for nifty not to close below 5140 at any cost.... possibility for a pull back is strong as there is a huge gap in nifty and also the fact that Nifty has struggled to reach the level of 5400 and the market needs a breather before it can gather some strength to jump the biggest hurdles of all at 5400 levels.... in case 5400 is broken and traded for 2-3 days then it might be the begining of a fresh bull run (we have had two false breakouts above trendline and hence we have to be cautious in future also)......... if 5300 is not broken on the downside then we may breakout of the uppertrendline in the next two or three days....
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my expectation is, Even if Nifty goes up to 5150-70 it may come down from that level......
even iam holding feb 4900pe wht would be u r advice
EXITED ALL SHORTS............. LOSS OF 23 POINTS.......... SO 710 - 28-23 = 659 POINTS PROFT SINCE I STARTED THIS THREAD....... HOLDING 4900 PUTS........ LETS SEE........
hold shorts for monday............ SL same 5055 spot...................
Saileshji.... I hope you bought puts below 15...........
Gr8 work Girish!! Keep posting . and share your views ....You share ur views with charting i like that.
Holding 4900 put @ 20 2 lots.
IGNORE MY PREVIOUS TRAILING STOP......... KEEP SL AT 5055 SPOT......... THIS TO GUARD AGAINST PREMIUM FLUCTUATION............
MOVE TRAILING STOP TO NIFTY FEB FUT 5075..............
ZZZZZZZZZZZAAAAAAAAAAAATTTTTTTTTTTTTTAAAAAAAAKKKKKKKKKKKK............ KYA ENTRY THA.......
shorted nifty feb futures here at 5065............... SL 5100.............
Risk takers can think mof buying put now also.........
BUY 4900 PE below 15........ and hold till expiry............. SL ZERO.............
HIGHLT RISKY TRADE: Short Nifty at current spot price 4710....... SL SPOT 4731........ TGT 4640-4630...... If SL hit exit and stay away........
Already started going up........ So.. Ignore my previous call.......
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