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WILL THIS RALLY CONTINE FURTHER ? Lets See !

From : Kumar G at 12:35 AM - Feb 11, 2012 ( )
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WILL THIS RALLY CONTINE FURTHER ? Are we heading for Nifty 5600/5800 levels?
 
TODAY WE HAVE SEEN NIFTY BREAKOUT above 5400.
 
An Upside Breakout is considered a bullish signal. Nifty has done the breakout from a trading range of 5400-5320 which will start a new uptrend.
 
Once after taking a long position in Nifty don’t get into comfort zone and relax, stay alert and keep monitoring the position especially the losses if any because profits always take care of themselves but losses never do.
 
o   If Nifty moves up & closes 50pts or more up tomorrow – Well, in this case the assessment for going long just after the breakout above Nifty 5400 is correct and market has endorsed this. One can continue to stay with this position and read daily market update/outlook .
 
o   If Nifty remains flat and closes 10-20pts up/down tomorrow – This is the least likely outcome for tomorrow. Just after a breakout Nifty MUST not trade in narrow range especially close to 5400 levels where one can experience huge selling from the lock-in traders. This is a sign of weakness and we have to re-consider or re-access long position.
 
o   If Nifty moves down & closes 50pts or more down tomorrow – This may indicate that what we have seen on Thursday was a false breakout. Nifty falling back to the zone of 5320-5400 is not a good sign for bulls. Remember, false move in one direction leads to sustained breakout in opposite direction. 
 
 
:::::::Never “PREDICT” or “ANTICIPATE” the market, try to “REACT” to what the Market is telling by its behavior.:::::::
 
God bless us all!
 
Regards,






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From : Rakesh Padhi at 04:12 PM - Feb 13, 2012 ( )


Yes, Thanks for this thread.

Market does a good rally on Tuesdaay for past 5/6 weeks and hope Nifty will break past 5400/5450 resistance zone tomrrow.





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From : Kumar G at 03:46 PM - Feb 13, 2012 ( )


Markets end Flat even after the big news and Globally all markets being GREEN today. !

Is this Sign of weekness ?!





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From : Kumar G at 09:41 AM - Feb 13, 2012 ( )


Greece finally approves austerity bill..

European Finance Ministers need to approve the Deal now. . .

Lets See what happens now!





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From : Kumar G at 11:44 PM - Feb 12, 2012 ( )


 Greek lawmakers looked set to endorse a new austerity deal on Sunday to secure an EU/IMF bailout and avoid national bankruptcy, defying public rage and protesters who fought pitched battles with riot police outside parliament... Result still not out ?! probably will know tomorrow morning!





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From : Venkat Raman at 01:53 PM - Feb 12, 2012 ( )


Sir,

For those who want to know the real reason

behind this rally go to this link

Courtesy ET

http://www.firstpost.com/economy/forget-the-iip-theres-free-cash-oozing-out-of-every-pore-209617.html?utm_source=MC_TOP_WIDGE





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From : Kumar G at 11:51 PM - Feb 11, 2012 ( )


Lets see on Monday. . . Nifty movement on Monday will show the direction . .

Greek Leaders are going to approve the draft bill on sunday! if its passed in the parliment, then they are sure to get the Aid and it will be a very big thumps up for the market. . .atleast for the short term!.





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From : Meghraj Purohit at 09:42 AM - Feb 11, 2012 ( )


NIFTY MAY CURRECT 100-150 POINTS BUT RALLEY MAY CONTINUE  OVER 5500 BEFOE FEB EXPAIRY.




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