Skip the crap on TV: I Will post daily technicals here

Hello,

I am not quite sure if I have ever posted here before... I dont visit here too often either. But honestly I am here now, and I am here because I am tired of the crap they make technicals sound on the TV channels CNBC being the leader... So i will post technicals in this thread hence forth, from my own research or good sources...

I will post probably never post any fundamentals, cause that aint my style, trade calls will be for intraday or swing-trading.

If you have any stock you need info about, I will check it out for you too. My condition do not ask me to give precise calculations for stocks with avg. daily volume under 1 lakh.

To tell you something about myself before we start. I have been trading along with my family since I was 15. I have worked full time at trading desks in North America, which is where I learned technicals, my call are usually on the spot... the rest will have to be seen with time.

Regards,

Dheer

Call for the day:

Nifty Jan Fut

If we break 5200 we will gain superb support and will continue a rise. Though we will need to close above those levels, and if that is successfully achieved we will enter a short term bull market, with the next weak resistance at 5450 and strong resistance at 5506 and 5798.

CNBC bull***ting: No resistance at 5300

For all those who are listening to the a**ess who claim that 5300 is resistance on nifty are quite mistaken. It is not resistance, but potential support. It is a point that has to be broken and by tommorrow it will be a different technical level and will be crossed without price intervention.

So do not panic and keep your calm. We are going strong, with a high probability of enetering a bull market if all goes well.

Cheers!!!

Re: CNBC bull***ting: No resistance at 5300

Hello, I am Vicky doing intraday and Nifty trades.

well keep it up all your posts related to nifty.

I am intrested to know about LT any commnet ?

Re: CNBC bull***ting: No resistance at 5300

Hello Vicky,

Crucial point in the market so will have to wait a bit before I can pull up the charts for LT. Bear with me for a bit..

Cheers!!!

Re: CNBC bull***ting: No resistance at 5300

LT

Long Term Target 4470. If it stops or consolidates at the level get out and wait for a retracement. Else in absolute bull market it is technically sound till 5406.25

On the short term it has again entered a bull phase, and unless there is some drastic catastrophic news it will continue with the same and attempt to break the following resistances before continuing its run.

Short Term Resistance


4088
4020
3884.20
3845.44
3728 (Were strong short term support - it is necessary to keep above this point for a few days)

If LT happens to break 3845 anytime soon, your absolute next close target should be 4050 approx, though if it successfully breaks 4020 it could move much higher, dependent on the momentum and market conditions offcourse.

Re: CNBC bull***ting: No resistance at 5300

I have failed to understand these levels. Are these support levels or resistance levels?

please post your views on nifty cash market also.

regards
suba

Re: CNBC bull***ting: No resistance at 5300

its full of supports & resistances.....
but to buy or sell.....??
until sensex closes abv 18475.....no supports for anything.....

Re: CNBC bull***ting: No resistance at 5300

Again I fail to understand you also. I thought that as now Nifty is at 5000+ levels and whatever levels quoted by Dheer are support levels. Especially because he wrote it after the closure of today's market. I thought that he has deleted some lines wherein he has quoted resistance levels. Can anybody give some clarifications in simple language? It will be helpful for a novice trader like me.
Thanks and regards
R. S. Iyer