WHY IS EVERYONE IN A HURRY TO SHORT??---By Syam Nair

Good Evening Syam Nair JI .........Many Many thanks you always give Nice views.......live in the present....let the future come ...forget the past what ever it was on 09 Mar 2009....enjoy the present data....keep it up....God Bless You

sham ji i think that there is no large correction in nifty from 4850,
 
market is continiously in upside movement,  so i think every one expecting a large correction,

it's personaly my view

well said syam. Daily more shorting is happening with anticipation of market crash [like crash after budget] and I also feel that NIFTY may reach higher and will be range bound of 100 points.

KINDLY CORRECT OVERSOLD RSI TO OVERBOUGHT RSI...TYPING MISTAKE

I Agree with you on that Mr.Syam ...but do want to add why people want to BUY at these level when they were'nt willing to buy when Nifty fell to 4700 levels ...... Since Sep 2009 to 10 March'2010 Nifty has been in a range of 4540 to 5310..... why try to buy closer to the Topper End of the Range that too when Technical Indicators are'nt supportive either...

Mr. Syam...... take a look at this thread & leave your views on it.

http://www.mudraa.com/singlepost.php?messid=44144

Thanks to all friends for their views..

To Bhikka ji:I am not telling anyone to buy at this level but nor to short...What i intend to say is wait for market direction instead of going blindly for shorts...Since,overall world market is positive,a single positive news is enough for NIFTY to explode trapping all those shorts...See the dangerous 5000Put OI over 1 crore supporting bulls...You rarely see that....a OI of over 1 crore....

I hear ya My Friend .... reason why i agreed with you to NOT SHORT right away & i did notice you were'nt asking people to BUY either..... but i was making a point that people should be careful before trying to buy at these levels...... as for Options Data...we know they change pretty fast ..like it was 4800 PE last month having OI of 77 lakhs but Nifty did break & go to 4675..... ^_^

Dear Bhikka I just saw Nifty chart at your thread I have a physical record Sensex and Nifty since 2002 to current date at closing base>The chart is good to see the previous up and down movement of Nifty which you send in your thread.At present Nifty is moving in a limited circle which is good for day trader and if we get a chance to buy at 5000 it will not bad for take it for April because I think Nifty will take some up movement in the next month Downside is not expected until it break 5000 level so it will be a good opportunity to buy at lower level either stocks or Future index.

well said shyam...y cant we see that everything is positive for now..instead of buying puts v sud go with the market which is clearly going up...the only problem is china they are also not moving...everything else is fine...y buy puts and loose sleep over it..market is going up...y cant v see that...every dip sud be bought v are consolidating at 5100 from past 3 days (accumulation phase)..if nifty has to break a range it will be 5150 ... thanks

To Shyam ;-- Your question is nice Really a most of person are afraid of further fall perhaps these person made a heavy loss in past and now afraid of buying at higher level but we dont forget that we are in bull run now and it will be better if market get some correction this is sign of healthy market.I does not see any major correction (if happen) so early at least for the next 1 month and not believe that it will break the strong support like 4850 or 4950 the experts who say that it will go down upto 4500 ,they are misguiding investors .The up move chances are more than down move.BUY AT DIP for long term .

22 trading days finished with this going on moving wave. Today itself,15 stocks from nifty50(index movers)showed and closed with a bearish sign in wich including tatamotors too, but still have to confirm this bearish trend of these stocks wich we may deside by tomorrow's closing. 5stocks from 50 showed from monday and confirmed today.6 from 50 already in a bearish trend. all these are based on elliot theory and with in my trading facility.So, people, they are trying to catch  the nifty trend as early as possible, because downward movement is limitted as per present situation. There is nothig extra ordinary in this cases. Option data wich may change with in an hour.  

Hi Aboobacker, Can you start new thread regarding EW analysis and teach us.

IT HAPPENED AGAIN...ANOTHER DAY WHERE MOST MEMBERS ARE  GOING SHORT EARLY BELOW 5105...BUT NIFTY BOUNCED BACK....

ANYWAY SELLING NIFTY NOW AROUND 5115 SOUNDS GOOD LOOKING AT THE NEGATIVE ASIAN CLUES...TARGET 5090...JUST 25 POINTS...

any stop 4 this boss

excellent information by respected abobacker i am really impressed --simple lucid way of explaing --i have added ril at 1012--3 months horizon

YES,SENTHIL JI...TODAY'S HIGH AT 5121.5 CAN BE THE STRICT SL....JUST 6 POINTS TO STOPLOSS FROM 5115...FOR JUST GAINING 25 POINTS(UNLESS THE RANGE BREAK),WE NEED THAT TIGHTER SL...

tnx boss

YES,BHUPINDER JI...ABOO JI IS REALLY AN EXPERT...AS YOU SAY,IT'S GOOD TO BUY RIL ON A THREE MONTH HORIZON...WITH LOT OF CASH RESERVE,A NEWS FROM THIS BIG GIANT GOING FOR NEW ACQUISITIONS IS MUCH AWAITED...

TO ADD,MY SL FOR NIFTY IS SPOT LEVELS....NOT FUTURE LEVELS....

Indian federal bond yields opened marginally higher on Thursday on the back of higher U.S. yields but traders said the market would be rangebound ahead of the factory output and inflation data due in the coming days.

* At 9:07 a.m. the yield on the Indian benchmark 10-year bond IN10YT=RR was at 7.99 percent, up from 7.98 percent at close on Wednesday.

* On Tuesday, the yield had risen to 8.02 percent matching the 17-month high hit on Monday.

* U.S. Treasuries prices slipped on Wednesday as traders cut prices to draw buyers to securities the U.S. Treasury is auctioning this week. [US/]

* Dealers said the bond would find support at around 8 percent levels but trading would be rangebound until fresh cues emerge. Traders were awaiting the industrial output data on Friday and inflation data on Monday for direction.

* Industrial output is forecast to rise 16.65 percent in January from a year earlier, the median forecast in a poll of 20 economists shows. That is marginally lower than an annual rise of 16.8 percent in December. [ID:nSGE61B0DF]

* The central bank would release later this month the size, frequency and tenure of bonds to be auctioned for the financial year starting on April 1. This calendar would then set the tone for the start of the next financial year. 

SOURCE:REUTERS

LET THESE DATA COMEOUT AND LET THIS RANGE BE BROKEN...I AM WAITING...SHORTS ARE HIT AGAIN....