Nifty levels to watch

ravi1967 · #81 25th June 2006, 09:22 PM

hai all,
the short trem trend of NIfty seems to be UP.but there are strong possibilities of FED hiking rates by 0.5% instead of 0.25% as thought earlier.this will be a negative signal for world markets.but a positive signal is that Bank of Japan may not hike rates on July 14th and may defer it to August.thats why we are seeing a rally, which can extend a few days in July.
RECOMMENDATION FOR THE WEEK ENDING 30TH JUNE 2006

1. BUY JULY 2900 PUT when Nifty is between 3250-3300
2. SELL JULY 3300 CALL when Nifty is around 3300, @ 30-40.
bye
ravi

ravi1967 · #82 27th June 2006, 09:28 AM

hai all
the trend is positive today and after a initial swing upto 2861 the market may rally upto 3030.so dont short with gay abandon and get trapped.book 3% profit on every trade (up or down) and profit.
bye
ravi

bull_bear · #83 27th June 2006, 10:04 AM

A big down day saw the Nifty slip by a 100 points. The current rally saw an up move of 480 points from a low of 2600. Thus, a decline to 2942 is not a bear move. At least, not yet. We are probably inside a large trading range.We should get used to such large moves, up and down both. The current decline may well touch 2850, where thereis considerable support, as well as a 50% retracement of the up move.SAFE is RISKYMarkets reward the assumption of risk, not the pursuit of the familiar.Day traders like to close positions out by the end of the day to avoid overnight risk. But markets don't reward theavoidance of risk.Large profits are made when the market gaps open in favor of the trader. The Day Trader losesnot just the gap, he also loses the potential profit on the entire move. Once there is a gap open, it may be difficult toclimb aboard the trade.One answer to this problem is for the day trader to trade in two time frames, day and swing.As a swing trader he will keep some overnight positions and benefit from opening surges.

Agilent · #84 27th June 2006, 10:18 AM

Quote:

Originally Posted by bull_bear

A big down day saw the Nifty slip by a 100 points. The current rally saw an up move of 480 points from a low of 2600. Thus, a decline to 2942 is not a bear move. At least, not yet. We are probably inside a large trading range.We should get used to such large moves, up and down both. The current decline may well touch 2850, where thereis considerable support, as well as a 50% retracement of the up move.SAFE is RISKYMarkets reward the assumption of risk, not the pursuit of the familiar.Day traders like to close positions out by the end of the day to avoid overnight risk. But markets don't reward theavoidance of risk.Large profits are made when the market gaps open in favor of the trader. The Day Trader losesnot just the gap, he also loses the potential profit on the entire move. Once there is a gap open, it may be difficult toclimb aboard the trade.One answer to this problem is for the day trader to trade in two time frames, day and swing.As a swing trader he will keep some overnight positions and benefit from opening surges.

Bull_bear

Lot of food for thought in your post, friend, but 2 small suggestions will help :

- If you can split yr writeup in 2 or 3 paras, it will make better reading , as well as easier for the average reader to grasp

- Try attach a chart for illustrating your points, specially when u make so many references to levels, retracement etc

Keep it up

AGILENT

bull_bear · #85 27th June 2006, 10:23 AM

sorry i was in hurry so could not make it that

I will keep this in mind for future

ravi1967 · #86 28th June 2006, 09:26 AM

hai all, as said yesterday, the Nifty is still 50:50 with odds favouring a downside after a rise o around 50-60 points. the trend favours a correction with ONGC and Reliance showing mixed signals.
In cricket, in LBW, the Umpire usually favours a batsmen, if the umpire is in doubt.Likewise , we as bowlers, should be cautious of mixed signals as the breakout in a stock market, will favour a bear in a bear market!!!. am i right seniors?
bye
ravi

bull_bear · #87 28th June 2006, 10:11 AM

Short term: A rally to 3000 - 3050 in Nifty futures seems likely.

Nifty:A dip is suggested in the time period July 3 to July 7. The target box is between 2800 to 2880.

A final rally target comes between 3000 to 3260. The time period is July 28 to Sept 1. All of these numbers may change as timegoes by. A possible scenario then goes like this: rally , dip to 2800, rally to 3260, final dip between Nov to Jan 07.
Quite likely, all this may be accompanied with a great deal of volatility.

The range is between 3090 and 2870. A trend will emerge whenthe Nifty breaks out of this range. Till this happens, trades should be entered only for short term moves, meaning, take profit quickly
Share Buy/Sell Price Target Stop Loss
ITC BUY 185 165
HINDALCO BUY NEAR 161 175 154

kuldeep49 · #88 28th June 2006, 09:02 PM

Quote:

Originally Posted by bull_bear

Short term: A rally to 3000 - 3050 in Nifty futures seems likely.

Nifty:A dip is suggested in the time period July 3 to July 7. The target box is between 2800 to 2880.

A final rally target comes between 3000 to 3260. The time period is July 28 to Sept 1. All of these numbers may change as timegoes by. A possible scenario then goes like this: rally , dip to 2800, rally to 3260, final dip between Nov to Jan 07.
Quite likely, all this may be accompanied with a great deal of volatility.

The range is between 3090 and 2870. A trend will emerge whenthe Nifty breaks out of this range. Till this happens, trades should be entered only for short term moves, meaning, take profit quickly
Share Buy/Sell Price Target Stop Loss
ITC BUY 185 165
HINDALCO BUY NEAR 161 175 154

Something not right about your ITC figures.

ravi1967 · #89 29th June 2006, 09:17 AM

hai all, sensex seems to move more accuratly then nifty in a chart.so
attached is pivots for sensex today

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