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Nifty Is On The Back Of BULL Sheekha

From : Sheekha Sanghavi at 10:52 PM - Mar 07, 2010 ( )
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As I am still carrying my LONGs & will carry those till nifty touches 5300 level. Nifty may touch 5390 level also.

So BEARS................Be Aware!
Do NOT carry or average your SHORTs!!

I will NOT open any new thread till nifty touches 5300 level & will post my views in this thread only!!!

Show will start from 08/03/10
   



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From : Bhikka Modi at 02:44 PM - Mar 08, 2010 ( )


Title: Make Sure You Don't Get Caught At Higher Levels On Nifty
From : Bhikka Modi at 09:10 PM - Jan 30, 2010 (37 days ago)
Market has broken its uptrend with big momentum & heavy volumes . FII have been Net Sellers in Cash since Oct'2009. Since past 3-4 months the market had been in accumalation & distribution pattern. FII have been sellers & DII buyers (most Insurance Companies which make a real long term investment cuz they have constant flow of fund & are not subject to short term redemption like Mutual funds). If you take a look at 5 year chart of Nifty/Sensex u'll get an idea where this market is actually heading.

My Levels for Nifty from here 4960 , 5050 break & close above this for 2 consecutive days with volumes then 5150-5180 (chances very unlikely) 
Downside Support 4500-4700 (will break in coming days) Next 3700-3800 , Next 3300 & God Forbide if this breaks we will see NEW LOWS in the making for sure 1800-2000 , Scary ? it is but that's what long term charts & Global Economic Fundamental conditions are suggesting.(US in particular)





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From : Bhikka Modi at 02:41 PM - Mar 08, 2010 ( )


From : Bhikka Modi at 06:50 PM - Feb 19, 2010 (17 days ago)

If Nifty breaks & closes above 5150 for 3 Consecutive Sessions & a Weekly Close then we will see "A Trend Reversal" taking place & the target for Nifty will be 5650 & Sensex 19000 which ever is earliest on these 2 Indicies. This is Purely a Technical View

My Personal View of this happening is "very remote" but this is Indian Stock Market .....nothing is impossible.





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From : Ajay Pandurang at 02:31 PM - Mar 08, 2010 ( )


Good to See Nifty Holding 5100.  Now if today trades above 5144 should attempt 5170. Should cross 5144 hurdle.





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From : Bhikka Modi at 02:24 PM - Mar 08, 2010 ( )


You could be right Sheekha......but you know my Positional Calls are'nt just based of Crowd Psychic......... my positional calls are Combination of Technicals of Nifty ,Dow Jones , Dollar Index & lately started to take Options Data into consideration....... which is suggested People are Trading More on the Bullish side than on Bearish side..... even after so many positives Nifty today so far has'nt been able to go above 5150...leave alone 5180.......... i am still saying 5150-5180 TREND REVERSAL level.....after that it will become BUY ON DIPS MARKET & If Not manages to cross those levels today or by tommorow....it will remain SELL ON RALLIES MARKET





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From : Sheekha Sanghavi at 02:17 PM - Mar 08, 2010 ( )


Dear Bhikka...most of the times i have seen few SHORTs in mudra as compared to LONGs. but this time we have good number of SHORT traders in mudraa....Trust me....this time trap is for BEARs & NOT for BULLs....Good number of shorts are created in market as well & many more would be created....Good fuel for BULL to shoot up like rocket!





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From : Bhikka Modi at 02:08 PM - Mar 08, 2010 ( )


Sheekha...... hopefully the Nifty does'nt gets tossed off the Bulls in a Mud Pit & again Traders/Investors will Cry about being caught up at higher levels....has already happened Twice , in Oct'09 then Jan'10 & then again those poor fellows go & short when Nifty gets closer to 4700 -4800 levels... to again get trapped....





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From : Bhikka Modi at 01:31 PM - Mar 08, 2010 ( )


From : Bhikka Modi at 12:18 PM - Mar 08, 2010 (1 hours ago)

Nifty has'nt breached 5150 level today so far.....Europe will open Slightly Positive..... if Europe not able to Build Up on the Opening Gains......i expect the Bears to Gain Control then or else it might be a dull, boring , dead market :|





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From : Ajay Pandurang at 01:14 PM - Mar 08, 2010 ( )


Only If Nifty Fut. Trades above 5144, you will see your target of 5170. Till then caution.





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From : Ajay Pandurang at 01:14 PM - Mar 08, 2010 ( )


Only If Nifty Fut. Trades above 5144, you will see your target of 5170. Till then caution.





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From : Bala Palniappan at 01:11 PM - Mar 08, 2010 ( )


look Like we should make that target of 5170 today.





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From : Sheekha Sanghavi at 01:09 PM - Mar 08, 2010 ( )


If we touch 5170 level TODAY then also my targets will get achieved in this series very soon.





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From : Sheekha Sanghavi at 01:01 PM - Mar 08, 2010 ( )


Nifty has no resistance at all....at today closing, we will see the trailer of picture ahead...Keep on pocketing ur profits...Do not become more greedy....at every deep go long...5300 is not at all challenge...but i want to see my second target 5390 flashing on the screen...





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From : Mahendra Pardeshi at 12:48 PM - Mar 08, 2010 ( )


i have started averaging long position after 5100 as i considered it as a big resistance for NIFTY. Thanks for ur confidence which makes me relax as i am not alone in buy positions with such a confidence.





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From : Ajay Pandurang at 12:39 PM - Mar 08, 2010 ( )


Intraday eiter or Nifty may go up only above 5144 should attempt 5166 and should fall if breaks 5115. What you say Sheekha. nifty not yet making decision which way to move. Positional Nifty week below 5050.





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From : Bala Palniappan at 12:21 PM - Mar 08, 2010 ( )


surely sheekha thanks a lot.





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From : Sheekha Sanghavi at 12:07 PM - Mar 08, 2010 ( )


Bala....believe in your trade & just hold on dear!





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From : Bala Palniappan at 11:28 AM - Mar 08, 2010 ( )


Bhikka and Sheeka are having amazing conviction on there calls... its really great to see. Both of them have cotrarian view with each other. Bhikka is bearish whilst sheeka is Bullish. Lets see who wins the battle. My intution goes with Sheekha but the explanations arrgued by Bhikka stops me from going long in my trades. I am long Nifty 300 quatity at 5070 as per sheeka but have stop loss put at 5100.





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From : Karthi Manmadan at 11:11 AM - Mar 08, 2010 ( )


how do u say this sheeka?





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From : Sheekha Sanghavi at 11:07 AM - Mar 08, 2010 ( )


Yes Bhikka.........we will leave this to market





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From : Bhikka Modi at 11:03 AM - Mar 08, 2010 ( )


Well...... Let the Market prove me wrong ^_^




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