Nifty analysis for 28 July 2006

Dusant · #1 30th July 2006, 08:26 PM

Disclaimer: These are my personal musings and only meant for entertainment, not as trading advise. The links for the charts are below this post.
The Nifty traded sideways with a negative bias. Is it not to be expected, with a huge 200 points rise in just four trading sessions?
The roadblock ahead still holds.
Looking at the weekly chart, we see a side-by-side bearish and bullish candle. Normally this is considered to be an extremely bullish pattern. Further, I looked at the Heikin Ashi method of plotting the weekly Nifty, and the candle is a small bodied candle, with large shadows, which normally signals a change in trend.
On a weekly chart, the trend was down, and possibly, the trend may change to up. We also see a pick up in the total traded volumes on both the exchanges. This leads me to assume that, barring unforeseen circumstances, the trend is going to continue upwards.
Maybe this time, the Nifty will break out from the trading range roadblock?

Spiderman · #2 30th July 2006, 08:50 PM

Mr. Dusant,
Looks like you are not getting enough subscribers on your website candlestrenghth.com . That's why you have started an attempt to
advertise indirectly here. Save these analysis for yourself if you have such motives. If you are genuinely interested to help traders here Then you are welcome and also start a single thread instead of confusing others by scattered posts.
Spiderman

Dusant · #3 31st July 2006, 09:39 AM

Quote:

Originally Posted by Spiderman

Mr. Dusant,
Looks like you are not getting enough subscribers on your website candlestrenghth.com . That's why you have started an attempt to
advertise indirectly here. Save these analysis for yourself if you have such motives. If you are genuinely interested to help traders here Then you are welcome and also start a single thread instead of confusing others by scattered posts.
Spiderman

Hello Spiderman,

For your information, candlestrength.com is no longer my website. There is a legal tussle over that, and as of now, that website is as good as defunct as of now.

You are right when you say they are not getting enough subscribers. In fact, there are no subscribers there, as the company involved has not even renewed the payment gateway. Just try and register ... and see the response which you get.

If you are casting ulterior motives to my postings, then please feel welcome to report my "scattered" postings to the moderators of this forum as abuse.
Do you find the word candlestrength being promoted anywhere in my posts?
In fact, by bringing this up, YOU are providing unnecessary and unneeded publicity to the website in question.

Why does it seem that you find my posts confusing? They are in perfectly clear English. I have also tried and not used bombastic words. There are no such words which are not easily understood. I know that English is not the natural language for many people who visit this forum.

All my posts are in chonological order, if you can understand the order of the dates.

If I make one ongoing post for my analysis, it will become too large, which will defeat the very purpose of posting.

For your information, I have been posting my analysis seperately on my blog too - http://dusant.blogspot.com. There too, you will not find any promotions for the website in question.

If you will notice the dates and times of all the postings, you will see that all of them are not after the fact. I do not need to prove to sceptics like you, that I am making enough money trading my analysis, and not looking at publicity.

It takes all sorts of people to make the world, and you seem to see the negative side larger than the positive side. I have checked your other posts, and I notice that your manner is not too polite. I would very humbly suggest to you to inculcate a polite manner on a public forum. It is these sort of abrasive posts, which make people lose interest in posting here and leave.

If you concentrate more on the posts, rather than the motives behind them, maybe you could derive some benefit from them, which could help you in your trading derivatives, as you say that you have been quite successful in trading stocks.

Trade happy.

Dusant

amitt29 · #4 31st July 2006, 12:35 PM

Hi,Dusant dont bother abt ppl casting aspersions.U are not promoting either urself or any website.
There will always be ppl getting uneasy abt someone doin well.Remember the Lagaan song
"Chale Chalo"
Regards
Amit.

inxsofme · #5 31st July 2006, 01:31 PM

Hello Sir,

It's been few days that i've been reading ur posts and i like all of them not because they are a basis for my trades but for the perspective of a great analyst also i do not find any of those confusing at all. Further i would request u to keep posting as there are many silent spectators who would be deriving the benefits out of ur posts.

Regards
Gaurav

Ambi · #6 31st July 2006, 02:01 PM

A very big HIII to all,

I am a new member of the TraderJi Family.

I am currently working with an IT Company. I want to appear for NCFM Finance module certification test. Could anyone tell me how much will Finance certification be considered worthy when I go for a job change. Also in what ways can I cash these certifications for getting jobs in the i-banks...

Dusant · #7 31st July 2006, 04:33 PM

Hello Ambi,

The NCFM module is a very very basic test, just to make you aware of the basic terms and methods in F&O markets. Their options section is also extremely basic.

It should be considered only as a stepping stone, to higher levels of study.

Dusant

Spiderman · #8 31st July 2006, 10:40 PM

Hi Dusant,
No issues now as you have cleared everything. My confusion was
regarding your multiple posts and as you have explained the logic it is ok now.

Spiderman

Dusant · #9 1st August 2006, 06:45 AM

Quote:

Originally Posted by Spiderman

Hi Dusant,
No issues now as you have cleared everything. My confusion was
regarding your multiple posts and as you have explained the logic it is ok now.

Spiderman

If your confusion was regarding the multiple posts, then you should restrict yourself to your source of confusion rather than making wild accusations.
Dusant

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