Nifty

About contents you are correct.
About members it is doing perfectly fine cause in a single day it got 8 likes excluding my wife, what more u expect.
About gaining, it's not about gaining or loosing it is user's choice weather take it or not.
Gaining from my side, I am not expecting anything at least till now no matter I am paying for this but providing this totally free.

Any how we r in a same boat cause we both want to aware people, so hoping for the best.

 

Thanks.

 

Thanks Sanjay for launching the facebook page!

Thanks for giving guidance to people like me & others in this forum regarding Nifty trading.

You've kept this thread alive, I have watched Nifty trading before, but this is different. Live trading updates [almost real-time] + your explanations [one thing that money can't buy, for everything else, there's Shabbir's forum hey, just kidding ]

Kudos to you for your relentless effort in posting real-time updates, along with explanations/forecasts.

It has been an eventful week, first with the Nifty falling to 5700 levels, and then a strong bounce-back of 250 odd points to 5950, and then finally closing at 5907.
Happy trading to all!

 

Thanks Dear,
My pleasure.

 

Dear Sanjay Sansanwal,

What will be the fate of nifty on Monday?. I was monitoring your calls of nifty CE/PE on Friday. I have nifty 6200CE bought at 64, should I hold or sell for whatever rate I get. According to some analysts nifty will be down i.e 5540-5250 and then reversal 5980. Kindly share your views.

Regards/Thanks
PF

 

Prescilla first of all thanks for your view on https://www.facebook.com/HiStocks
Now about Nifty View I will surely update before next opening but before that I need others view on nifty.
It will educate more and more Indian so have some patience for my new thread.

About analysts on TV, don't give them a shit.
You always feel happy by ignoring them.

Best of luck.

 

Next Nifty move will be?

What will be next move of Nifty?
Try to find out users, it will help you a lot.
Post your views.

I will update my views soon.

 

Dear Sanjay, Thank you very much for your quick reply.
Regards,
pf

 

My pleasure.

 

Well Sanjay, what little I learned from charts, looks like nifty has still a little juice left, but should be very careful once we find nifty trading below friday's opening. There is a lot of hype in the market - but then they are nothing more than inflated baloons.

Eagerly waiting for your evaluation - which like everybody on this forum - I value with great appreciation. Keep up the good work

Rgds

Utpal

 

Thanks for those wonderful words, I feel proud and it gives me more strength to keep working on this.
I will update my views shortly.

 

I feel nifty will test test 5940, 5980 levels tomorrow ...

 

My view:
If Nifty can cross 5950 and gives closing above 5950, it is headed higher in the week ahead. In that case, it can test levels of 6050/6100 - till the time US shutdown will be there without any announcement, dollar could remain weak, hence rupee can gain - boosting Indian market.

But, in general market looks inflated to an extent.
Unlike September series where Nifty rose substantially due to a gaining rupee, Nifty has a fair chance of heading lower in 2nd half of this month - can go to 5550/5600 on the downside.

Events to watch out for - Big 3 results - Infy results on Oct 11 - HDFC Bank on Oct 15 - Axis Bank on Oct 17 - Results could be impacting market sentiments, as there's a chance of earnings not turning up too well.

 

It may, more I'll update soon.

 

Agreed and I forget us shutdown issue on Friday because of very tight schedule ( doing rake) and carried my short positions.
I agreed on your views on nifty but 5950 is not an issue now, now the issue will be 5990-6010 for higher side and 5780-5800 for lower side.
One thing which can destroy all this is Us shutdown and because of of this It may give gap up or gap down but if still unresolved then those level are important.
I'll explain that soon on chart itself.

 

If the US shutdown continues for sometime, without any definite announcement/message coming regarding their budget - then Dollar would remain weak - That will make Rupee gain - and if that happens, (it seems) markets will move Northwards..... at least, till this shutdown confusion remains.

Sanjay - please add your valuable comments ....

 

Not able to udate on time cause DIY was down, tried so many time anyways here is the update on nifty.


Now time for my views, according to me 5950 will be very tough resistance for nifty to cross but if any how manage to cross then 5990-6010 will become strong resistance even if manage to cross that then wait to cross above 6050 and sustain for up move cause 6050 is the level where nifty will be in grip of bulls. on other hand nifty may test 5800 very soon but it should not breach 5750 level or else we will see 5700-5650. As u can see in the chart streap upward from 5100 level and streap downward from 6150 level till 5700, it made a uptrend channel but it has to sustain above 5800-5750 to continue with trend where it lower trend ilne support. For me it will go down first till 5800-5750 at least and then if it take the support then again it will go up but for uptrend it has to cross 6050 and sustain.

 

Sold 100 nifty oct 5600 pe @ 59.35 my perivious holding. Now holding 100 nifty oct 5600 pe.

 

Sold remaining100 nifty oct 5600 pe @ 71 my perivious holding, average sold price is 65.17, Now no holdings on nifty put nor nifty long.