Operators pulling down the markets?

gssv

New Member
#3
Originally posted by amc@Mar 11 2004, 02:37 PM
The market seems to be in consolidation/correction mode.
yes mkts are in consolidation mode but we have to watch for nifty at 1760 it
showing strong support once 1760 if 1760 broken we will see at least 100 ponts fall in nifty
or if it is holding 1760 nifty levels we will see index making a new high.
 
#4
yes mkts are in consolidation mode but we have to watch for nifty at 1760 it
showing strong support once 1760 if 1760 broken we will see at least 100 ponts fall in nifty
or if it is holding 1760 nifty levels we will see index making a new high.
yes I just read more about this Nifty levels at this site.
 
#5
the market should further break the level of 1720 (Nifty) to further reach to a newer support at 1695
go short on nifty futures below 1721 - stop loss 1731
chances r bright for a drop to 1690
 
#6
1500 looks likely to be the target for the NSE Nifty.
 
#7
:eek: How come no technical analyst had the courage to predict fall of over Rs 100 in both Tata Motors/Maruti. All one gets to hear is S1,S2/R1,R2, tight stoplosses etc etc. Even when one hears of descending triangles, it comes with ifs and buts. Any clearcut solutions?
 
#8
Most people mistakenly feel that Technical Analysis can help in Market Prediction.

It is not so.

Technical Analysis reacts to market movements while most people supposes you can predict or spot in advance a turning point and get a jump on the market. This is impossible to do with any regularity. Trying to time a market direction? You might as well flip a coin.

Even Elliot Wave guru Robert R. Prechter wrongly predicted the great bear market in his book "At the Crest of the Tidal Wave: A Forecast for the Great Bear Market" which was published in 1994. What happened? The Dow kept going up and ended up 8000 points higher in the year 2000.

Many traders and investors have always dreamed of magical formulas or Holy Grails enabling them to beat the market and reap huge profits. Pursuing Holy Grails only ends in disaster.

If you are here thinking that technical analysis is some secret to quick profits and untold wealth then you are sadly mistaken!

Trading is an odds game and technical analysis can help in making sure that the odds are in your favour for more profitable trades.

Being a successful technical analyst involves years of trading experience and an understanding of how different indicators work in different market conditions. Most successful technical analyst who are traders shy away from the media and stick to what they are best at - profitable trading.
 
#9
very well said in ur report abt technical analysis
most people must understand that stock market is based on law of averages
there is no shortcut
tech analysis gives u apatern and helps u to restrict ur exposure
days like 26 th april is sort of manmade we have to live with it today they gave good chance fr exit
 
#10
Any trader or investor should be prepared for market shocks like the one on 27th April 2004.

Slumps and drawdowns are a fact of trading. One should expect them.

Trading or Investing is a challenging business. It's essential that you maintain an objective, rational approach.

But there are times when slumps and drawdowns can shake the confidence of even the most astute. It's at these times that one must be especially careful to avoid falling prey to pessimism and despair. It's vital to keep a positive outlook, weather the storm, and persistently work to return to profitability.

Having a proven trading systems helps in times like these.
 

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