Nifty

Nifty in a tizzy, hits century on the downside. Below 5730

 

You played the game very smartly

Thanks,
Siva.

 

My short targets are achieved ....

 

Nifty will test 5640 levels tomorrow and and if it closes above 5708 then uptrend will start from there you can go long in nifty for the target of 6500 levels.

 

Thanks and as shabbir always says " PLEASURE IS ALL MINE "

 

6500 Nifty spot in 2013 before elections.
Oh my God I am in heaven.
May be I am dreaming, don't wake me up.

 

Good to hear that at least now Indian retail investors/trader r doing some thing.

 

No comments.

Only market can comments on this cause it is the only one which always show us the reality.

 

All genuine traders/investor will surely like that post.
leased:

 

Sir - Please do comment, I'm confused as to how such a long (6500) can be achieved now. That would be lifetime high for Nifty.

On a different note, what are your thoughts for tomorrow?
Any thoughts on tomorrow's open ?

 

6500 is a dream of so many trader but just look @ the facts, are we ready for that, NO NOT AT ALL then why r we dreaming about that.
Surely It will touch 6500 even 7000 too but when?
Can't say but not now at least.
Still hoping that Nifty will touch 6500 or more then God may help u only.

Ask these ques. to ur self I am sure u will get the answer.

Is this the right time to go there?
Is there anything which will force Nifty to go there?
Are FII or DII or both r ready to drag nifty up above 6500?
Are our economic are @ top to drag Nifty up?
Do we have strong ruling party which can take strong and hard decisions?
Are we having current surplus instead of current deficite?
Are Rupee getting stronger?

My answer is big NO and if u also thought so then why the hell r we dreaming?

 

Yes - I second your opinion.

What are your thoughts on the Nifty tomorrow? Are you seeing any Northward moves on the charts?

On a technical note, Nifty has closed below 200 DMA level - so what could be the next likely support ?

 

According to me fresh short will open tomorrow means more down side but it may take support @ 5700 for a while or for maximum a week cause pull back is due from long time and even those who r dragging nifty down want more people to get trap in pull back.

Better to be cautious before it is too late and we should do what charts r suggesting.

More after looking the market opening and behavior.

 

OK, Bingo -
So what I conclude is that next likely support would be 5700 for tomorrow - though Nifty can pull down tomorrow, but will find support@5700

Any thoughts on these news -
1) CAD Q1 comes at 4.9% vs 4% YoY : Markets are already discounted ?
2) US faces shutdown - due to the debt ceiling issue - could it be good or bad ?

 

But may find support @ 5700


On CAD Q1 all of us know that it will be high so it is already discounted but market may react on this for little while.

Us faces shut down, it may help India just like it helped in 2012 when all the developed country was in crisis.

Let's wait till chart (price) says to react cause anything which is very important in market is " price ".

 

Thanks a ton Sanjay for sharing your views

It was of great help ...

 

My pleasure.

 

Sorry, I missed this.

U may check any chart it is totally up to u, what important is how u reading and what r u planning to trade 4.

 

Very sorry couldn't update on time because of fast movement. Bought Nifty Oct 5700 pe @ 141.55 and covered it @ 147.20. Now will initiate shorts only below 5700-5690.