Daily Nifty Analysis

pandyaketan · #31 17th August 2006, 04:29 PM

For the "uninitiated", Mr Dusant used to appear on popular channels alongwith the likes of Dr Narayan (ICICI), Deepak Mohoni, Prakash Gaba, etc. He purposely keeps a low profile. I have heard from the market that he may be starting his own website shortly. Pl grant the respect he deserves and do not argue unnecessarily. I have had the good fortune of knowing him since some time now and believe me - he is a gem of a person ! Not many people go out of way to help others, and this is his contribution to the society. He is truly vedic, as below:

"May the good belong to all the people in the world.
May the rulers go by the path of justice.
May the best of men and their source always prove to be a blessing.
May all the world rejoice in happiness.
May rain come in time and plentifulness be on Earth.
May this world be free from suffering and the noble ones be free from fears"
---- Vedic blessing

reg
ketan

Dusant · #32 17th August 2006, 04:57 PM

Hello Ketan,

I must, very very humbly, thank you for your vote of confidence.

Notwithstanding, there is no harm in a healthy debate, because I have been wrong several times, and could be wrong in the future too.

If people put me on a pedestal, then the element of debate will go out of the window.

Best wishes and may the vedic quote in your post be showered on all,

Dusant

Dusant · #33 17th August 2006, 08:56 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.
The Nifty is indeed showing signs of being tired. But so far it has not displayed any exhaustion. As mentioned yesterday, the Nifty is still struggling with the roadblock of apprehensive bulls, who had bought at higher levels, and are desperate to exit at breakeven. As a picture is better for explanations, I have marked it clearly out on the chart. The gap (rising window) on the daily chart is still open. Which reinforces the (still) bullish mood. It still seems that the market does not want the bulls who have been left out, to enter at lower levels.
I still maintain my long outlook, though I have tightened my stops for my long positions, I still am in no mood to short, until I get a confirmation.

aca_trader · #34 17th August 2006, 09:02 PM

Quote:

Originally Posted by pandyaketan

Pl grant the respect he deserves and do not argue unnecessarily.
ketan

If arguing is dis-respect then perhaps we are not truly vedic in the approach as vedas have honoured all kind of opinions and debates.

Best Regards,
--Ashish

Dusant · #35 17th August 2006, 09:24 PM

Quote:

Originally Posted by aca_trader

If arguing is dis-respect then perhaps we are not truly vedic in the approach as vedas have honoured all kind of opinions and debates.

Best Regards,
--Ashish

Hello Ashish,
Let us not have any controversies please. It is just the differences in communication, over the impersonal medium of the internet, where we cannot project our emotions, only words.
I am sure no disrespect was intended by you, and no offence was taken by me. That is adequately addressed by my reply to your post.
That is why I have particularly used the word - debate - rather than - argument, as it conveys a healthier environment.
One more thing I have learnt, trading over the years is to discard the ego, as the market has a wonderful way to grind your ego to dust.
I try and choose my words carefully, but maybe, sometimes, it does not have the desired effect. Therefore, let us debate rather than argue, and trade Happy.
Dusant

aca_trader · #36 17th August 2006, 10:26 PM

Quote:

Originally Posted by Dusant

Hello Ashish,
Let us not have any controversies please. It is just the differences in communication, over the impersonal medium of the internet, where we cannot project our emotions, only words.
I am sure no disrespect was intended by you, and no offence was taken by me. That is adequately addressed by my reply to your post.
That is why I have particularly used the word - debate - rather than - argument, as it conveys a healthier environment.
One more thing I have learnt, trading over the years is to discard the ego, as the market has a wonderful way to grind your ego to dust.
I try and choose my words carefully, but maybe, sometimes, it does not have the desired effect. Therefore, let us debate rather than argue, and trade Happy.
Dusant

Of course do agree with you dusant. Did read your reply given to ketan as well. Was just trying to establish a communication with him. Do agree that Ego is the biggest hurdel in the path of success in marktes.

Best Regards,
--Ashish

pandyaketan · #37 18th August 2006, 10:56 AM

OK ! We all are winners in our own arguments ! Three cheers for us all ! Now lets get back to biznezz !!

reg
ketan

Dusant · #38 18th August 2006, 06:37 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.

The Nifty maintained its status quo, without much movement either way. On the extreme short term focus, the trend is still up. If we step back slightly, the daily chart is showing two uncertain candles, a star and a doji. If we step back even further, the weekly chart is showing an extremely bullish candle.

The rising window of Wednesday is still open.

A classic consolidation pattern going on.

On Thursday, we saw that the FIIs have been net sellers in the derivatives segment, whereas, huge money was pumped into the cash. This could lead us to assume that the action is now going to shift from the index stocks to the mid-caps, and small-caps.

Dusant

rvlv · #39 18th August 2006, 09:19 PM

Nifty analysis 18aug2006 nice chart with trendlines

--------------------------------------------------

(8/18/2006):
Nifty Analsysis in a chart like picture

The next resistance to nifty is 3380.
If broken, nifty may to 3500 all the way up.
But time being a crack appears and correction may be due,especially in view of recent prolonged upmoves.
My friend presents the beautiful video chart with trend channels.
see it all at

http://breakouttrading.blogspot.com/...-analysis.html

kuldeep49 · #40 21st August 2006, 10:45 PM

Hey Dusant,
Haven't heard from you in a while. Nifty in a wishy washy mood? Agree?
Cheers
Kuldeep

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