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| Discuss 400 points rally on the cards at the Trading on Technicals within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Nifty is about to rally more than 400 points in the short term. Nifty could ... |
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#1
10th February 2006, 07:28 AM
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400 points rally on the cards
Nifty is about to rally more than 400 points in the short term. Nifty could travel 400 points or more in a short span of 2 to 3 months. F&O traders can go long at current levels. Counters like Reliance, Tatamotors, Acc, Infosys, Satyam are looking strong at current levels.
D Sathia Moorthy asksathia@************ 
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#2
10th February 2006, 07:59 AM
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Re: 400 points rally on the cards
Quote:
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#3
10th February 2006, 10:27 AM
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Re: 400 points rally on the cards
The last expanding part of the chart is part of a running correction. The running nature of the correction shows the strength of the next move.
D Sathia Moorthy asksathia@************
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#5
10th February 2006, 11:46 AM
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Re: 400 points rally on the cards
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#6
10th February 2006, 12:25 PM
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Re: 400 points rally on the cards
Rising wedge should have a structure like the one I have drawn in the chart
D Sathia Moorthy Last edited by sathiamoorthyd : 3rd April 2006 at 10:52 PM.
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#8
11th February 2006, 07:49 AM
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Re: 400 points rally on the cards
Why is it not possible, if the long term chart of sensex moves as in the uploaded chart.
D Sathia Moorthy asksathia@************ Last edited by sathiamoorthyd : 14th February 2006 at 12:20 PM.
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#9
11th February 2006, 12:57 PM
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Re: 400 points rally on the cards
Trying to predict the trend is perilous in itself and to put a date to it!
You try to decipher the primary trend and ride it. That is the way to trade successfully. Trading is serious business not astrology. Wish you luck with your trading.
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#10
11th February 2006, 02:33 PM
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Re: 400 points rally on the cards
Thank You Dilip, Whatever may be one's strategy, but there will be surely some sort of anticipation or speculation or prediction there. Even your strategy of riding the Trend needs some anticipation or prediction.
Regarding the 400 points rally, we shall wait and watch. D Sathia Moorthy
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Re: 400 points rally on the cards
