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  #7431  
Old 5th July 2008, 09:35 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

What is the High or Low of the Day the Excess/Irrational Price zone Rejected in the daily on going Auction process.
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  #7432  
Old 5th July 2008, 09:40 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Now if we find the Upper or Lower shadow of a Candel is very less,what does it signify,that the Price zone has not reached the Excess / Irrational phase,not rejected by the Participant Auctioners.The trend can spill over to next Candel.
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  #7433  
Old 6th July 2008, 12:33 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

so bank nifty bounced and covering up shorts helped ... now for the coming week iam expecting a good buying point above 5020 futures (for spot its 5070) and from here there is a good 190 point move on the cards but the oi has to show a vol of around 15000 contracts on the 5 min for such a move as most of the trading reversals in the recent past have happened after such oi vol ...the R1 in spot is 5264 and from there 5344 spot ,the gap resistance,could act as a barrier..The plan b would be to go short only below 4633 spot for 4180-3382.
as far as nifty is concerned , there is HH-HL in 5 min but the hourly will form a HH-HL only after 4106 Spot is crossed ... in the mean time , trading more long than short till 5 min forms a LL-LH
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  #7434  
Old 6th July 2008, 12:59 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by uasish View Post
When do we do not follow Trend.
.................................................. ....

In any strong Trend the culmination phase is 'irrational phase' or 'Excess phase' or 'Exuberence phase' or 'Capitulation phase';whatever terminology we use,all of us can understand the meaning.Plz remember this Excess/irrational phase can continue for excess/irrational TIME.
Presently we are in that phase.
agreed but how far down can these stocks go ... for e.g most psu banking, infra ,real estate , some mid-cap IT and auto stocks are heading fast towards zero and will bounce at some point(some have already) but i dont want a quick and a sharp reversal because that will make people to liquidate all their holdings thereby making the market fall even faster..let it be a slow and steady bounce rather than a fast one atleast that will ensure a more durable bull market..
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  #7435  
Old 6th July 2008, 06:02 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

In my opinion we may see a bounce to a maximum of 4500 on the nifty. Then we down again. How much it goes up depends on the oil and political situation. Beyond 4500 we would be seeing a reversal in the trend. But things are bleak to support that scenario.
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  #7436  
Old 7th July 2008, 09:21 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

SGX july nifty futures up 23 points at 3988,recovers 70 points from day's low.
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  #7437  
Old 7th July 2008, 11:25 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

any body there......

y no posts today...

asish, sunil... where are u
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  #7438  
Old 7th July 2008, 11:39 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

4060 FUT seems to be the equilibrium level with 4075 (+15) and 4045 (-15) BO pts...
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  #7439  
Old 7th July 2008, 11:41 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

but breaking SPOT 4115 would be the real push upwards....
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  #7440  
Old 7th July 2008, 11:48 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

if reliance would not have been a drag today (news based), nifty would have been cruising up by now till 4150..
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