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Discuss Nifty Futures Trading at the Derivatives within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by aca_trader To be frank, No Idea. DOW is under a small consolidation. ...


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  #591  
Old 25th February 2008, 03:12 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by aca_trader View Post
To be frank, No Idea. DOW is under a small consolidation. Every alternate day it rises and falls, trading between the range of 14200-14500. If it closes near to 14200 today, tomorrow we may open lower around the trendline from which we have bounced back today. Only a fall below the trendline may cause major fall.

However, If there is a gap-up tomorrow around 5225 Level in NIFTY underlying, we may have a reversal day.
i think u were meaning 12200-12500....... also for me 12800 is the critical level for dow being the h and s neckline resistance .....
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  #592  
Old 25th February 2008, 03:12 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Selling 1/4 at 5218

Saint
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  #593  
Old 25th February 2008, 03:13 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Originally Posted by aca_trader View Post
Above 6070 (Marked as 2), It'll be a 1-2-3 pattern beyond doubt both on Daily & Weekly charts. Some people may treat the minor top of 6030 (Marked as 2A) as point 2 as well. A close above these levels will be a triangle break-out.

Regards,
--Ashish

Thanx,.....shall have a look at it post mkt!

Saint
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  #594  
Old 25th February 2008, 03:16 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by rajaram.dilipkumar View Post
i think u were meaning 12200-12500....... also for me 12800 is the critical level for dow being the h and s neckline resistance .....
Thanks for the correction.I will change it.
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  #595  
Old 25th February 2008, 03:18 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Originally Posted by rajaram.dilipkumar View Post
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.....
will close wipro when it touches 444 in cash ....... still holding idea. ...
Asish,
Just mentioning this since i posted the calls here.... will post stock calls ( if i have any )in your other thread from now... thanks
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  #596  
Old 25th February 2008, 03:20 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Originally Posted by Saint View Post
Selling 1/4 at 5218

Saint
Just for info for the newer guys who are counting losses and wins........this 1/4 sale made up for the last 4 stopped out trades and more!

Raisng SL of the 1/4 to 5194

Saint
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  #597  
Old 25th February 2008, 03:26 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Out of 2nd 1/4 at 5210

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  #598  
Old 25th February 2008, 03:27 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Originally Posted by Saint View Post
Just for info for the newer guys who are counting losses and wins........this 1/4 sale made up for the last 4 stopped out trades and more!

Raisng SL of the 1/4 to 5194

Saint
i am newer guy and.... i will keep that in mind sir..

circle zee
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  #599  
Old 25th February 2008, 03:28 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Holding back half overnight............am taking the risk,once again part of the plan.If not yours,suggest to get out and think of tomorrow as a new day.

Great going everyone!!

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  #600  
Old 25th February 2008, 03:35 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

It was indeed delightfull to watch the Veterans & their Analysis.
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