Daily Nifty Analysis

kurian · #**101** 18th October 2006, 09:44 AM

haii Dusant

why r u senting mail after oct12.i am an die hard follower of ur analysis.
i really like the way u see the market.
pls post ur daily nifty analysis

kurian
kurian3@*****.com

kurian · #**102** 18th October 2006, 08:47 PM

haii
dusant where r u now.y no mails now.pls tel me ur web site okk
kurian3@*****.com

Dusant · #**103** 20th October 2006, 06:05 AM

These are my personal musings. These are not in any way meant to be trading advise. To view the full charts, check the links below.

It has been a few days since I updated this thread. Nevertheless, nothing has changed since. The trend remains up. In fact, the first two charts are those of Friday the 13th, when the market gapped up.

The gap created last week, was tested today. Successfully, I may add. The gap is still open. I would seriously sit up and take notice only when the gap would be closed. That would tell me that the market is now facing pressure from the bears. As things stand today, the bulls already in the market, do not want the sidelined bulls to enter at lower levels. As a result, their endeavour will be not to allow the market down.

It was amusing to see a flurry of messages that shorting time has come. To those “top pickers”, I would very humbly suggest to wait for a confirmation of weakness, rather than try and sell at the market top.

Dusant

Dusant · #**104** 23rd October 2006, 06:40 AM

Hello Readers,

First of all, on the occasion of Diwali, here is wishing you all a very happy and properous new year to come.

With two holidays coming up, it is obvious that no serious trading commitments are being made.

The real technical position will clarify only when this roadblock is passed.

I have been mentioning all along that Diwali was going to be bright, and indeed, it has turned out so.

I hope you have taken advantage of it.

SavantGarde · #**105** 25th October 2006, 07:48 PM

Hi Everybody,
I am sharing the Pivot Points for 26th October, which I have been using for sometime now, with excellent success rate & hope it will be useful for all who trade in Nifty Futures.
Pivot Points are Based on Nifty Spot therefore you may take the corresponding Nifty Futures Position based on the below given Data

Nifty Spot Close UP-1 UP-2 DOWN-1 DOWN-2 Trailng S/L
3657.30 3672.80 3695.30 3635.40 3620.60 6.50

Now that you have the above Data, here is an explanation how to take Position, If the Nifty Spot trades at UP-1 for 10 Minutes and does not break down then you may take a Corresponding Nifty Futures Position for UP-2 where it would find the next resistance and same goes for Down-1 & Down-2 to go Short and keep a Trailing Stop Loss Given.

Hope All Of You Find Some Success in This Method.

Seeya on the 26th

SavantGarde

Dusant · #**106** 27th October 2006, 05:22 AM

These are my personal musings. These are not in any way meant to be trading advise. To view the chart, check the link below.
As was suggested in my last post, the long holiday had taken its toll in shaking out some highly leveraged Bulls.
With the derivatives expiry, the market has been volatile, but the intermediate trend is still up. The volatility could now reduce.
The Nifty seems still on course to make a new historical high. With a higher top, higher bottom pattern in place in the extreme short term.
Use dips to go long? I have been suggesting this for a long time.

Dusant · #**107** 30th October 2006, 10:17 PM

These are my personal musings. These are not in any way meant to be trading advise. To view the chart, check the link below.

Well, what has been anticipated all along has finally happened.

Are the crackers going off?

Dusant

Dusant · #**108** 4th November 2006, 08:21 PM

These are my personal musings. These are not in any way meant to be trading advise. To view the chart, check the link below.

Fibonacci projections taken from the June bottom suggest that the next likely target for the Nifty could be 3840. The Nifty has respected this particular extension drawn on the chart. As can be seen from the arrows marked out, every level has been tested, and then broken.

Further, those levels have also extended support on the the subsequent downswings, as can also be seen on the chart.

Therefore, it gives additional weight to the levels marked out.

The probability is high, that the Nifty will receive some sort of selling pressure at the 3840 levels, before breaking it on the upside.

Dusant · #**109** 10th November 2006, 03:34 PM

As was suggested in my last post on Saturday, the Nifty has achieved a target of 3840 today, and has tried consistently to retest it.

As is normal, these targets are overshot somewhat.

Therefore, it is only prudent to expect the 3840 levels to be penetrated mildly, and then a minor correction to set in.

Bulls among us can now wait patiently for re-entering the market at lower levels.

Czar · #**110** 16th November 2006, 09:50 AM

My dear sir, need your updates on this historic run... your commentary is most interesting but getting shorter

we are missing it...

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