Is this the last rise before a fall ?

I somehow get a feeling that a trap is coming soon. Here we are at 5700 levels. The market will be pushed to 6000 again. This 6000 would be achieved with many hiccups forcing people to short on the way. Short covering might take the market to 6150+. Then a fall

Im no astrologer or any major technical analyst. This is just experience and nothing else. The reason for this thread is to remind people of saints first teaching to us attached in the chart below.

Whicever rises it falls & it falls to rise again ,everybody of us always think probably this is the last one ironically there is no last one if we extend the Time axis to say infinity.

one who fears of " rise & fall " should not enter the market. As simple as that.

just keep it simple ....what you have to do if the trend is up and what you have to do when trend is down ..write down enter levels and exit levels and stick to it.

lastly, i don't know how and on what basis you said it will fall...if one sector is affected by some issue there will be some other sector which gain by the same issue .

suba

I dont fear any rise or fall , trend is my best friend. Absolutely nothing else. I thought this reminder of saints novice mind graph would help a few who are looking to catch the top to short or catch the bottom to go long. I would keep posting usless stuff like to gyan from the GURUs

According to a couple of Senior Technical Analysts in various different Brokergages.. The IMMEDIATE ST target for the Bse is 21500-22000.

Pls check things at your end.

till morning session, the same experts were telling me OH BOY PLEASE.... PLEASE DONT BUY NOW... WE ARE IN BEARS MOUTH....

And I am happy that they changed their views!

Or was this last fall before rise???

Hi Friends
Excellent threads from gyanis and gurus, Its true there exits market makers and market fakers in almost all stock exchanges, market makers have made it possible to touch 20k , now deepavali is over, profits have been booked, lets see where market stablises or it will remain volatile.
happy trading guys
jaz.

Well we saw a good rise this week, 1000 points up on sensex the day after this thread started. We did see hiccups on thursday and friday. Now we have 5950 which is a major resistance. This should be taken out on monday and we should probably see 6000+. This is the time everyone would be looking to enter the market. My personal view is that the market would be very volatile next week. A lot of big player and FII selling has happened and will continue next week. But the market will hold. Now I feel there surely will be a turn around in the market in the coming weeks. The first move will take it to 5400. I dont want to talk too many numbers here. I humbly request all seniors to please help me analyse the market better and help me understand the various signals of a correction, turn around and fall.

I am no expert and please dont blindly follow what i have said here.

Im currently long in hotel leela and nifty