Bulls Ready to Ride

kkseal · #21 23rd January 2007, 06:25 AM

Inside day bar on Indices.

US Mkts slide.

Long leveraging increasing.

swagat86 · #22 23rd January 2007, 07:59 AM

2day will be an interestin day.

swagat86 · #23 23rd January 2007, 08:25 PM

Bearish Engulfing Candles on Nifty. Is a signal thats the markets are gonna go down. BUlls Careful.

adec1023 · #24 23rd January 2007, 11:02 PM

hello
since i am very new and like everyone dont wanna loose moolah
if market start to go down
1. should we sell sell sell
2. How would we know when the bad time is about to come ????????
thanks a lot

swagat86 · #25 23rd January 2007, 11:38 PM

Quote:

Originally Posted by adec1023

hello
since i am very new and like everyone dont wanna loose moolah
if market start to go down
1. should we sell sell sell
2. How would we know when the bad time is about to come ????????
thanks a lot

My frnd u gotta start learning some TA to understand the market movements. on the other hand u can go for FA. Well if the markets goin down u must sell thats ryt. But u must also know wen to cover up. Or ul land up in trouble.

Iv mentioned that for a few coming sessions there might be bearishness. Being a short term trader i dont analyse long term moves.

Thanks

kkseal · #26 24th January 2007, 12:47 AM

Quote:

Originally Posted by adec1023

hello
since i am very new and like everyone dont wanna loose moolah
if market start to go down
1. should we sell sell sell
2. How would we know when the bad time is about to come ????????
thanks a lot

For Short Term holds - Anything you've bought recently (& may still have some profits) - Sell. You'll probably get a chance to buy back at same/lower levels.
For medium term holds - Watch for a break & close below 13600.

In all cases maintain strict stop losses.
For today - chances are 99% we'll end down. (Good shorting opportunity if you are an intraday trader but watch out for some short covering in the 2nd half).

Next impt support lvl to watch - 13920.

Regards,
Kalyan.

adec1023 · #27 24th January 2007, 09:48 AM

For medium term holds - Watch for a break & close below 13600.

when u say the above
it means if sensex goes below 13600 then even sell the med hold like niittech??????

thanks a lot

kkseal · #28 25th January 2007, 03:55 AM

Hmmm ... survived. Closed above 14070 and finally a bullish candlestick pattern (Bullish harami)

As we head up we'll be pushing up against two trendlines - one from the bottom of 8800 & another (which developed later) from around 12300.

We need a good strong move with closes in the higher percentile of the day's range. This will also give strength to the RSI.

A long weekend in such (indecisive) situation usually releases 'positive energy'.

Regards,
Kalyan.

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