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| Discuss Nifty Futures Trading at the Derivatives within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by Ajax Dear djsinha Here are my trades as per KISS principle (Keep ... |
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#2261
25th March 2008, 11:02 PM
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Re: Time to Stick my Neck Out ,Nifty 7300
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Hoping to see more of such things from you in future. Cheers djsinha 
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#2264
26th March 2008, 12:32 AM
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Re: Time to Stick my Neck Out ,Nifty 7300
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The 'Mean Reversion' nagging at the back of mind ,(becoz last few days we earned money like that),actually made me bias today. 
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#2265
26th March 2008, 12:37 AM
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Re: Time to Stick my Neck Out ,Nifty 7300
Am feeling a bit lazy to post the charts of the day,DJ......but will definitely put up yesterday's and today's trades over the weekend.
For today,Ajax and Ashish have given some great stuff..... Sorry about that.....this weekend sometime! Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust your sail..."
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#2266
26th March 2008, 01:12 AM
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Re: Time to Stick my Neck Out ,Nifty 7300
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So it doesn't matter today or tommorow.... Cheers djsinha
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#2267
26th March 2008, 02:18 AM
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Re: Time to Stick my Neck Out ,Nifty 7300
Looks like FIIs (and DIIs) are active again. Today's rally was mainly driven due to aggressive buying on part of FIIs. Look at the enclosed information which shows combined turnover of FIIs and DIIs on BSE as well as NSE (taken from BSE website).
Also worth noting is that FII + DII started buying agressively from 19th (tuenover figures for 19 are also given in same picture) when Fibonacci Retracement level was just at 78.6%. (from 17.08.2007 - just when exponential rally started - to 08.01.2008 - start of doom days) If I am correct, rallies in downtrends are with lesser volumes and higher volumes are observed during declines. We are currently witnessing higher tops with lesser volumes. Should we take this as an indication of continuation of downtrend or attribute it to the cautious approach by 'safe money' to wait and watch till 'all clear' is signalled on all fronts ? Am I missing something which can make picture more clear ? Well, 50% of the retracement of current decline (27.02.2008 to 17.03.2008)is @4925 which also happens to be the congestion area. It will be interesting to see how market responds to that tomorrow. Abhay -------------------------- Divide and rule, a sound moto. Unite and lead, a better one - Johann Wolfgang von Goethe Last edited by aad; 1st August 2008 at 04:05 AM.
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#2268
26th March 2008, 02:31 AM
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Re: Time to Stick my Neck Out ,Nifty 7300
US market is also showing higher tops on lesser volumes. Look at Dow Jones for today and y'day with their volumes reaching almost 1/10th of previous candles. Especially, look at today's candle clearing expressing what might happen tomorrow
 Abhay -------------------------- Divide and rule, a sound moto. Unite and lead, a better one - Johann Wolfgang von Goethe Last edited by aad; 1st August 2008 at 04:05 AM.
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#2270
26th March 2008, 09:13 AM
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Re: Time to Stick my Neck Out ,Nifty 7300
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Have you tried it out? Or know someone who did? What were the problems? Which service do you use? Thanks, Amit
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