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Rally ends and ready for a Crash Land!!!

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  #31  
Old 6th March 2007, 10:15 AM
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Default Re: Rally ends and ready for a Crash Land!!!

Chart couldnt attached yesterday. Mtnl, my service provider showing its own color. Will attach later.

Aroonsankar
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  #32  
Old 6th March 2007, 10:26 AM
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Default Re: Rally ends and ready for a Crash Land!!!

Hello all,

Since no short nifty position right now as it cut yesterday, feel very relaxed in a green tick morning. Now go short again on nifty around 3775 level(spot) if comes, today or tomorrow as it comes

Aroonsankar
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  #33  
Old 15th March 2007, 10:24 AM
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Default Re: Rally ends and ready for a Crash Land!!!

Hello all,

In my last update 6th march, asked to short 3775 (spot). During this period nifty made a high 3795. Now its 3700. Hold the short position. Those coulnt short, short it now - 3700 (spot). Nifty at 3200 is now in sight.

Aroonsankar
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  #34  
Old 15th March 2007, 11:28 AM
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Default Re: Rally ends and ready for a Crash Land!!!

Quote:
Originally Posted by aroonsankar View Post
Hello all,

In my last update 6th march, asked to short 3775 (spot). During this period nifty made a high 3795. Now its 3700. Hold the short position. Those coulnt short, short it now - 3700 (spot). Nifty at 3200 is now in sight.

Aroonsankar
On what basis?????? Purely technical or fundamental...???

Subrata Bera.
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  #35  
Old 15th March 2007, 11:54 AM
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Default Re: Rally ends and ready for a Crash Land!!!

Technical. 3790-3720 has a strong resistance and this range is 38% - 50% of retracement from high to low of last 5 days (nifty breaks out of a FLAG). As far as medium target of 3200 is concerced, refer the first chart ; which still holds good.

Aroonsankar

Last edited by aroonsankar; 15th March 2007 at 12:01 PM.
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  #36  
Old 16th March 2007, 10:42 AM
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Default Re: Rally ends and ready for a Crash Land!!!

Hello all,

Those who short nifty at 3775 (1 week back) and 3700 (yesterday), cut the short positions now (3615 spot). And wait till nifty breaks 3550 to go short again.
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  #37  
Old 16th March 2007, 11:01 AM
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Default Re: Rally ends and ready for a Crash Land!!!

Adding to a poing to my last post, Go short on nifty again if and only if it closes below 3550(spot). Not on intraday basis; as the range 3550- 3620, might be a bear trap there.

Aroonsankar
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  #38  
Old 16th March 2007, 12:58 PM
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Default Re: Rally ends and ready for a Crash Land!!!

To know latest live news about Indian Stock Markets with news about individual shares, from most of the news sources at one place, visit http://livestocknews.blogspot.com/.
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  #39  
Old 20th March 2007, 11:53 AM
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Default Re: Rally ends and ready for a Crash Land!!!

Hello All,

As expected, 3550-3620 range acted as a 'Bear trap'. Now go short again on nifty (3710 spot now) - But trade in small quanity (half of normal nifty trades, as can't predit FED meet impact)
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  #40  
Old 20th March 2007, 01:24 PM
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Default Re: Rally ends and ready for a Crash Land!!!

Hello,

Refer: my last posting .

Exit the shorts at 3690 (spot) now. Take the last call as intraday. Difficult to carry overnight nifty position today bcs of fed meet.

Aroonsankar
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