Lowering the Red Flag

#1
Todays market action forces :mad: me to lower the Red Flag,
as it seems many scrips have turned bullish.:)
:rolleyes:
So how can one explain the 542 point drop.?
Sectoral Churning and high prices make it attractive to have this kind of fall, Particulary if you combine the factors as below:
a. Fiis have picked up a major deal in Sbi at 2021 area before the crash.
b.Sbi Results come astounding.
c. Reliance was a expectation but the prices were high before the results.

How does one achieve these goals ?
Think about it - May be this fall was engineered to make this happen.
But what about the Fibonacci cluster problems ?
I believe due to strong Fundamentals displayed by Indian Companies, is it possible to ignore fibonacci ?
Time will tell.
I was wrong in putting up the Red flag warning. So i am forced to scale it back after review of the markets.
What is going up?
I like Bajaj auto,Bhel,Sun Pharma and Suzlon.;)
 
#3
ha jee agar market nikalega to nikaljaygee, Hamara farz banta hai ke market hi raja hai. Hum to kuch bhi nahi hai.

Actually i changed my mind on seeing Colgate. I could see that what was behnid the 524 drop, so wanted to share.

Abhi chaadi to hai Jaaani:cool:Fii ka bas chale to kahi vo bhi................
 
#4
ha jee agar market nikalega to nikaljaygee, Hamara farz banta hai ke market hi raja hai. Hum to kuch bhi nahi hai.

Actually i changed my mind on seeing Colgate. I could see that what was behnid the 524 drop, so wanted to share.

Abhi chaadi to hai Jaaani:cool:Fii ka bas chale to kahi vo bhi................
I like ur spirit bro,keep it up.Not all take humour in right sense.Again hats off.

Do not try to pick top,the top will present itself to you.:cool:
 
#5
Hello Sir,

Am a newbie to share market and want to learn something before plunging into it, as I have got many cases in my family and friends who have lost a lot of money in blind trading.

Someone pointed me to this site and since then I have been leafing through all the posts and grasp in as much as I can (and I aldy have a feeling that I might actually need at least 7 and a Half lives to fully understand The Market!!)

Kudos to all the senior members / Gurus on this site, who have selflessly shared their knowledge with us lay beings. I really appreciate it.

What I like most here is humor, (as seen above and also in various other posts - though not all have taken satire as positively as Maxji), camaraderie, protectiveness shown by seniors in guiding newbies (Ratanji's post highlighting importance of maintaining Stop Loss), guides to TA by Saint Sir etc etc

keep up the good work guys.....

Nitesh:)
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The R A C E is not over, because I haven't WON yet.......
 
#6
Dear Nitesh,
I like Ratans humor more than mine..............he comes up with cracking ones.
Anyhow Harshad Mehta was a great man as i can recall his famous words"
when you buy a pair of shoes you try them on, see them, walk in them, but when you invest your savings you dont even bother to look into the company you are buying and just buy it because someone said so "
Keep this in mind that 99% people loose in the market.
1% make it
So understand Technical Analysis first than only buy a scrip.
As markets move diffrently every day and in every way.
Without charts, the buyers are blind. We can see each and every corner brightly lit by our charts. Our Play is calculated Risk. But a person who doesnot understand Charts is really a Blind person trying to walk over a road that can only fit one car which moves very fast and it is driven by Technical Analysts of the Top Breed.Hence what are that persons chance of survival on such a narrow road?
 

Apurv7164

Well-Known Member
#9
Maxbhai!

U may be correct but I'm not long as far as NIFTY does not close above 4647 (Highest High of Evening Doji STar)... I know theory does not work all time but theory saved me lot many times so I prefer to stick to it....

Happy Trading tomorrow.
ApurV