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Sell on rally

Discussion in 'Technical Analysis' started by nirajshah, Sep 27, 2016.

  1. nirajshah

    nirajshah Champion

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    I see that each market rally and even today's gap up was sold into and so is this a sign of some good correction?

    Also should we book our profits??

    Sent from my 504Q+ using DIY Technical Analysis mobile app
     
    nirajshah, Sep 27, 2016
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  2. shabbir

    shabbir Administrator Staff Member

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    Booking profits are always recommended.
     
    shabbir, Sep 27, 2016
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  3. mdsafdarimam

    mdsafdarimam Active Member

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    market sentiment is really negative. distribution is taking place. shorter time frame sellers are driving the market. if the sellers are really strong they will maintain the tone negative in the coming sessions as well. coming to level, nifty closed above 8700 suggesting bulls can see a move till 8770/8800. holding of nifty 8700 level (spot) is very crucial in coming sessions. bears will get active below 8650 for a move towards 8600 / 8530.
     
    mdsafdarimam, Sep 28, 2016
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  4. shabbir

    shabbir Administrator Staff Member

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    Completely agree on this. 8700 is a crucial and if broken on a closing basis 8600 to 8500 band.
     
    shabbir, Sep 28, 2016
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  5. nirajshah

    nirajshah Champion

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    nirajshah, Sep 29, 2016
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  6. rajesh_gaikwad

    rajesh_gaikwad Member

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    and Finally Market crashed on India's attack on Pakistan.
     
    rajesh_gaikwad, Sep 29, 2016
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  7. sethuramcbe

    sethuramcbe Responder

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    sethuramcbe, Sep 29, 2016
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  8. nirajshah

    nirajshah Champion

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    I never knew those news but yes it seems like a war is round the corner. Or it seems so because war between countries with nuclear power can be fatal for the world.

    Sent from my 504Q+ using DIY Technical Analysis mobile app
     
    nirajshah, Sep 29, 2016
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  9. sethuramcbe

    sethuramcbe Responder

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    sethuramcbe, Sep 29, 2016
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  10. sethuramcbe

    sethuramcbe Responder

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    sethuramcbe, Sep 29, 2016
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  11. shabbir

    shabbir Administrator Staff Member

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    I think lets not infer in the market hours and sleep over the news or even let the week pass by.
     
    shabbir, Sep 29, 2016
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