Time to Stick my Neck Out ,Nifty 7300

aca_trader · #**401** 20th February 2008, 04:19 PM

Quote:

Originally Posted by biyasc

any picking style looks dirty when it hit sl. dont blame only on bottom picking.

Get the pun buddy!

biyasc · #**402** 20th February 2008, 04:24 PM

Quote:

Originally Posted by aca_trader

Get the pun buddy!

what do you mean by pun ?

aca_trader · #**403** 20th February 2008, 04:49 PM

Quote:

Originally Posted by biyasc

what do you mean by pun ?

Pun is the humorous use of a word or phrase so as to emphasize or suggest its different meanings or applications. English, being a funny language, gives us different meanings of bottom.

new2sm · #**404** 20th February 2008, 04:52 PM

Quote:

Originally Posted by skarpio

The nse website has a 'Markets Today' section/charts etc for FnO as well. Doesn' that tell you much? The very jagged nature of the volume curve tells me it did trade. Or am I mistaken? I keep that one up as well as a plan B, I just don't trust my broker's software.

Yes but the NSE site is delayed for more than necc. to carry out trade. I think 5-15 min or something like that. I for one can definately NOT trade using it for sure. ID is instant but BIG A** when it comes to reliability and uptime. Am definitely wanting to bail myself out of ID if I can get a 1. reliable 2. cheap broker 3. with powerful software both desktop(I use linux and windows) and web-based.

rajaram.dilipkumar · #**405** 20th February 2008, 06:25 PM

nifty hourly attached

rajaram.dilipkumar · #**406** 20th February 2008, 06:32 PM

still bullish on wipro ( find enc. chart)...... however waiting for a b/o from the triangle before adding to my existing long position in cash.....

uasish · #**407** 21st February 2008, 01:17 AM

rajaram,

Thanks for the charts.

Asish

rkgoyal_98 · #**408** 21st February 2008, 02:11 AM

Dear Saint,

Area of demand coming up........covering a third here at 5159

Saint

What is the basis for area of demand how do we come to know about it in live market.

Kindly explain "No follow through" - after new low of 5140.05

Kindly Excuse me if these are novice questions

Regards
Rajeev

Saint · #**409** 21st February 2008, 02:40 AM

Quote:

Originally Posted by rkgoyal_98

Dear Saint,

Area of demand coming up........covering a third here at 5159

Saint

What is the basis for area of demand how do we come to know about it in live market.

Kindly explain "No follow through" - after new low of 5140.05

Kindly Excuse me if these are novice questions

Regards
Rajeev

Hi Rajeev,

Not at all.........

Basically took Rs40 from the start of the short,and as price slowed here at the 5155-ish area,and started to stall at support,thought it was wiser to lighten up as well.

And the second part:As expected,gradient starting to slow,a down bar followed by an up bar,expected a bounce ....looking like no real follow through.Took 2nd half off...........in retrospect,good to have taken that third off the table.Great.But probably was a bit too hasty in coming out of the third............Although,the next move up would have taken me out at 5140 anyway.......a bit of a premature exit,but no harm done!!Neat profits,not complaining!

Follow through is like 4 dn bars,1 up bar,4 dn,2 up,3 dn,2 up,1dn,1 up,1 dn,1 up.......the gradient just lost its steepness.Was time for caution.....

Saint

Saint · #**410** 21st February 2008, 03:19 AM

Quote:

Originally Posted by aca_trader

Pun is the humorous use of a word or phrase so as to emphasize or suggest its different meanings or applications. English, being a funny language, gives us different meanings of bottom.

lol Ashsish...