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Today's Buy Levels

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  #1121  
Old 2nd November 2007, 12:12 AM
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Default Re: Todays Buy Levels

Ashish da,

Best wishes for couple!!!

--Your Namesake.
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  #1122  
Old 2nd November 2007, 09:34 AM
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rajaram.dilipkumar will become famous soon enoughrajaram.dilipkumar will become famous soon enough
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Default Re: Todays Buy Levels

Quote:
Originally Posted by rajaram.dilipkumar View Post
Today the market was down with record volumes. This made me dig deeper in to niftys historical data and charts .Some excerpts :-
1. Todays fall was the 10th fall in the last 19 trading days . Whenever nifty has fallen , it has done so with high volumes . In a raising market usually the volumes will have to be higher on up days rather than down ( unlike what the nifty is doing right now ) .
2. Since mid-sep Niftys trendline has moved out of primary channel and is moving in a zone last seen during the 2000 tech burst . The long-term supports for nifty is at 4000 and short-intermediate support is at 5600,5230 and 4850.
3.Nifty ADX is moving down since oct 16 , 2007 and this bothers me .
4.Fundamentally speaking ( asish ignore this point .. i know you hate fundamentals) .... Nifty P/E crossed a six year resistance P/E of 22.01 on 24th september 2007 and has since moved to 26.01 ( as on yesterday ).If the six-year resistance becomes support then nifty should find support around 4960-4970 .Noted that the peak P/E for nifty ever was 28.47 ( 11th feb 2000). If that peak were to be the resistance then nifty will find resistance at 6422 .Also noted that it fell from the peak to reach a P/E of 12.30 on 21-sep-2001 ( present nifty equivalent of 2774 ).
day before yesterday i had the above concerns but i want to repeat the statement i made somewhere in this thread.

Retracements from highs in a bull market provide a low-risk entry point provided we are willing to wait for prices to reach critical supports which may be fib levels(33-50% retracement), previous b/o levels,trendline ,MA 50 or time tested supports....
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  #1123  
Old 2nd November 2007, 11:00 AM
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Default Re: Todays Buy Levels

Maruti Fut Long @ 995.25
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  #1124  
Old 2nd November 2007, 11:01 AM
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Default Re: Todays Buy Levels

Plz place SL Buy order
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  #1125  
Old 2nd November 2007, 11:07 AM
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Default Re: Todays Buy Levels

Trade executed
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  #1126  
Old 2nd November 2007, 11:07 AM
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Default Re: Todays Buy Levels

Sold here @ 1005.90
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  #1127  
Old 2nd November 2007, 11:08 AM
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Default Re: Todays Buy Levels

Got 4k Gross per contract the Trade Lasted for 30secs hence no SL
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  #1128  
Old 2nd November 2007, 11:12 AM
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Default Re: Todays Buy Levels

Plz verify why i placed a SL Long order at 995.50 & why a Break out was expected in the attached Tick Chart.

Last edited by uasish; 10th August 2008 at 11:45 PM.
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  #1129  
Old 2nd November 2007, 11:17 AM
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Default Re: Todays Buy Levels

Today a Break-Out method demostrated here there are few advantages:=
1) Fearful people like me who hate SL & waiting for the Price to reach Tgt .
2) The day's share from Mother Mkt can be got within 11.30 & can go for some other daily chores.
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  #1130  
Old 2nd November 2007, 11:19 AM
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Default Re: Todays Buy Levels

Bye will have to Run now will return at 1.30pm
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