Incisive Nifty Trend Analysis

[prada]

In the short term I see it bouncing back to 55 odd levels. My eventual target is 60. Major support zone- 53.2-53.70 ( spot ). Domestic macro scenario is extremely poor and I don't see it improving until 2014 second half.

What are you seeing in USD/INR in short term ? I have a feeling that the govt. will do its best to ensure rupee appreciation, the various elections being near and all. Also, the retail prices of petrol being reduced is an advance indicator of rupee strength (my personal opinion).

 

[prada]

@Bewinner, Dlf can be a good bet on the short side. I have a target of 205 on this one.

Prada...
Thanx for your update...
Is there any trade which can be taken now other than nifty and bank nifty?

 

[Bewinner]

@Bewinner, Dlf can be a good bet on the short side. I have a target of 205 on this one.

Prada...
Trade can betaken tomorrow or do u have any specific levels below which can be shorted...

 

[prada]

@Bewinner, trade can be taken on bounce backs. Please have an hedging strategy in place above 260. Since this is a high beta stock , you need to live with the wild swings. The other alternative would be to buy 240 put and 250 call of the next series.

Prada...
Trade can betaken tomorrow or do u have any specific levels below which can be shorted...

 

[prada]

Nifty- It's time to short Nifty from here on until 5850(if at all it reaches there). Also to accumulate shorts in Bank Nifty aggressively.

 

[timepass]

Nifty- It's time to short Nifty from here on until 5850(if at all it reaches there). Also to accumulate shorts in Bank Nifty aggressively.

Perhaps in May series. April series is almost over.

 

[Bewinner]

Nifty- It's time to short Nifty from here on until 5850(if at all it reaches there). Also to accumulate shorts in Bank Nifty aggressively.

Do u wanna say that SL for Nifty short is 5850?
What will be the SL for BNF?

 

[HARIVEL]

Do u wanna say that SL for Nifty short is 5850?
What will be the SL for BNF?

Strong Reversal will be @5850, so start short from here onwards SL will be @ 5910. :cheers: :cheers:

 

[prada]

Generally my SL is quite wide, since my risk:reward profile favors it that way. My stop(hedge) for this trade will be 5879(spot) on a closing basis. I will confidently sell into this rally without a second thought. SL for bank nifty will be mapped to nifty SL. IMO, this is the last leg of the rally before the 'Golden crossover' takes place.

Do u wanna say that SL for Nifty short is 5850?
What will be the SL for BNF?

 

[TraderRavi]

Sell Sell........Sell everything..........jo hath lage bech do........jo apna hai wo bhi becho , jo padosi ka hai usko bhi bech do , just sell everything ..............:thumb: