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Nifty break down

Discussion in 'Technical Analysis' started by sanjay_sansanwal, Nov 16, 2012.

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  1. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    It should correct and signaling weakness but I am not getting confirmation by chart so better to wait & watch, for more uptrend we should wait to close above 5950 and for correction we should wait 1 more negative closing day.
     
    sanjay_sansanwal, Dec 9, 2012
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  2. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Ready to see the 5780-5790 level
     
    sanjay_sansanwal, Dec 14, 2012
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  3. smuthukri

    smuthukri Active Member

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    Is it good time to short Nifty .
     
    smuthukri, Dec 14, 2012
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  4. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    u can with stop of 5870 for the target of 5790
     
    sanjay_sansanwal, Dec 14, 2012
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  5. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Nifty is again showing tiredness and if it close below 5960 it may touch 5800-5775 level very soon.
     

    Attached Files:

    sanjay_sansanwal, Jan 8, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    shabbir, Jan 8, 2013
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  7. vishuhd1

    vishuhd1 Member

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    Shabbir,
    Is there a pinbar formation in the nifty on 4th Jan (@6010.6) indicating a trend reversal?.. Last two or three trading sessions have started in green but ended up in red.. Can this mean a correction to some extent in nifty?..
     
    vishuhd1, Jan 10, 2013
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  8. vishuhd1

    vishuhd1 Member

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    Adding to my earlier comment, I see that the 10 day SMA is much higher than the 21 day SMA.. This indicates a upward trend though.. I even checked the bank nifty and its also showing the same pattern as nifty..
     
    vishuhd1, Jan 10, 2013
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  9. shabbir

    shabbir Administrator Staff Member

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    No I don't see a pinbar being formed on daily charts but yes in 4 hourly charts to an extent but I would wait for 5850 for a trend reversal breakdown.
     
    shabbir, Jan 10, 2013
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  10. shabbir

    shabbir Administrator Staff Member

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    No I would short only below 5850
     
    shabbir, Jan 11, 2013
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  11. krasquinha

    krasquinha Member

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    Shabbir,

    Any view on the nifty ?

    Regards,
    Kiran
     
    krasquinha, Jan 16, 2013
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  12. shabbir

    shabbir Administrator Staff Member

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    Consolidation.
     
    shabbir, Jan 16, 2013
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  13. vishuhd1

    vishuhd1 Member

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    Shabbir,
    Any view on the nifty and the type of the trading that happened today?..

    Even though the nifty didnt loose too much in the sense that the major support levels are still intact, most of the midcaps tanked very much.. Will this cause any damage to the stability of the nifty?... Will there be any chance that the large caps may start seeing the selling pressure due to the midcap sells?.. Please clarify..
     
    vishuhd1, Jan 24, 2013
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  14. shabbir

    shabbir Administrator Staff Member

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    Midcap index is weak and so it means that the valuations of Midcap has runup compared to large cap and as long as Nifty consolidates the view is up.
     
    shabbir, Jan 24, 2013
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  15. vishuhd1

    vishuhd1 Member

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    Shabbir,
    Is this one more level of profit booking and consolidation phase for the nifty or is there anything more to it?.. Again many mid-caps lost their ground and the large caps more or less holding its ground today.. Please comment on today's nifty levels..
     
    vishuhd1, Feb 5, 2013
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  16. shabbir

    shabbir Administrator Staff Member

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    The Nifty below 5980 means some weakness in the market but above 5820 means long term trend is up
     
    shabbir, Feb 5, 2013
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