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Nifty break out

Discussion in 'Technical Analysis' started by sanjay_sansanwal, Aug 8, 2012.

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  1. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Nifty can be good pick above 5365 with stop loss of 5250
     
    sanjay_sansanwal, Aug 8, 2012
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  2. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Bought nifty future 27 sep 2012 @ 5407 with stop loss of 5298
     
    sanjay_sansanwal, Aug 8, 2012
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  3. sujan4bw

    sujan4bw Member

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    Hi Sanjay,

    I believe Nifty would easily touch 5450 this time. I could see reversals for many stocks in Nifty.

    Regards
    Sujan
     
    sujan4bw, Aug 8, 2012
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  4. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Same I believe.
     
    sanjay_sansanwal, Aug 8, 2012
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  5. sujan4bw

    sujan4bw Member

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    Morgan stanley reported that 10 Year bond has taken reversal on upside, due to which there is uptrend.

    Also it claim that Indian market has entered into bullish zone.
     
    sujan4bw, Aug 8, 2012
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  6. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    That I am not aware but Shabbir told us not to beleive them, I am long in nifty only because of technical chart.
    nifty has formed W pattern and break out @ 5350
     
    sanjay_sansanwal, Aug 8, 2012
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  7. sujan4bw

    sujan4bw Member

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    You are right. Chart will always speak Fundamentals and technicals too.
     
    sujan4bw, Aug 8, 2012
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  8. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Yeah same thing shabbir commented in wockhard thread.
    I think we all r learning so much here.
     
    sanjay_sansanwal, Aug 8, 2012
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