Time to Stick my Neck Out ,Nifty 7300

Discuss Time to Stick my Neck Out ,Nifty 7300 at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by rajaram.dilipkumar Sudoku, Let me know the technical explanation before you post ...


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  #91  
Old 24th January 2008, 08:58 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300



Quote:
Originally Posted by rajaram.dilipkumar View Post
Sudoku,

Let me know the technical explanation before you post any levels for sensex or nifty ....

Asish,

nifty RSI looks oversold ( infact it was at historic lows when compared to last five years) and just yesterday i saw RSI sneaking back above and recovering somewhat(though MACD still has a negative c/o across all time frames)....also noted a higher low pattern on play for the last three days .
friend , what do u interpret from this....buy, or sell....?
the more the indicators more the confusion....
our LP is stuck due to the unability f the mkts to gain strength....
its not imp for a technial guy if his stop is not moving everyday....
the imp part is did u interpreted the chart correctly..
majority of the technical guys confuse the general invstr that if this is crossed , than this & if this is broken than this....
he will not clearly tell 2 buy or sell...but leve on to the followers....
it should b straight cut like.....
unless sensex closes abv 18475....forget all supports , only remember the hurdle....
taad , taad , taad....
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  #92  
Old 24th January 2008, 09:31 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

sudoku1,

What is your intention of posting the copy of a highlighted line ,mentioning sensex levels ,above which level according to you is good for buying ,why this in multiple threads ?

Asish
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  #93  
Old 24th January 2008, 10:08 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by sudoku1 View Post
friend , not everyone follow technicals.....those who lost , majprity of them were in the so called hitech casinos (f&o)....without proper trading strategies.....
unless v close abv 18475....will see the dark sides of this casinos zoomed .....!!!!!!
Futures & Options ,are an essential part of a matured Capital Mkt.
By employing few excellent strategies ,available in Derivatives ,one can minimize the extent of erosion in their portfolio values.
There are many advantage one can take from a liquid matured derivative mkt.In india other than Index & few liquid counters the Option mkt is yet not fully developed.
This type of comment only reflects the ignorance & in Indian penal code ignorance can not be argued for excuse.
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  #94  
Old 24th January 2008, 10:24 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Using sophisticated strategies leveraging one's asset (be it knowledge,Mkt status ,Capabilities etc ) is a new arena in today's world.
Tisco management used that beautifully by leveraging Tisco they could get the Finance from the Leading Banks Consortium to gulp,Corus , & leap forward in the World of Steel.
So it is need less to highlight that to use any Type of Leverage one has to be Smart & Efficient in his/her domain.
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  #95  
Old 25th January 2008, 01:02 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Nifty Fut started showing weakness in 10 mins Chart,Shorted at 5298.95

Stop is placed at 5311.00

Last edited by uasish; 25th January 2008 at 01:07 PM. Reason: Missed Stop
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  #96  
Old 25th January 2008, 01:30 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Stop Hit .
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  #97  
Old 25th January 2008, 01:35 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

With Double qty in Stop ,could recover some loss.
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  #98  
Old 25th January 2008, 02:50 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

carrying nifty 2 lots, short at 5267.
will take home if cant dissolved in profit
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  #99  
Old 25th January 2008, 04:58 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by sudoku1 View Post
friend , what do u interpret from this....buy, or sell....?
the more the indicators more the confusion....
our LP is stuck due to the unability f the mkts to gain strength....

majority of the technical guys confuse the general invstr that if this is crossed , than this & if this is broken than this....
Sudoku,

When RSI is oversold and sneaks back from a oversold territory means that its time to buy..when i say its a higher low pattern it means the trend has changed till the previous low is not taken out decisively(when i go long the previous bar low will be my stop).These things are the first you should learn before venturing into giving levels for sensex or nifty.
Have a look at the key levels chart i have posted i have mentioned that 5401 represents 50% retracement(dont ask me what are these fib levels) which inturn offered resistance today.....
Go learn the basics before thinking of giving any calls from now.
As for leveraging i second the views expressed by asish..
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  #100  
Old 25th January 2008, 08:21 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by anjubhatia View Post
carrying nifty 2 lots, short at 5267.
will take home if cant dissolved in profit
anujbhatia,

You must your own reason for carrying 2 Lots Shorts of Nifty Fut.My Stops are normally placed just below the expected probable reversal points if the trend reverses both in cases of Long / Short ,which was in 10 mins chart at5312.55 .My Stop got Hit today.
However will study the Charts of different Time frame in weekend,kindly use a Stop.

Asish
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