real magical strategy for you .

[trade4joisar]

Hi Rajsumi

One has to look for monthly close only or monthly high low also.

Monthly close

 

[kcsusha]

Nifty Spot closed today at 5248. Hence Jan 2012 High of 5217 still holding on.
Similarly in respect of Infosys, Closed at 2462. Hence Jan 2012 High of 2895
still holding on.

 

[mech71]

Nifty Spot closed today at 5248. Hence Jan 2012 High of 5217 still holding on.
Similarly in respect of Infosys, Closed at 2462. Hence Jan 2012 High of 2895
still holding on.

If you are following this thread, then you are correct as far as Nifty is concerned but for Infosys ,the closing of April is still below Jan High.

 

[kcsusha]

Dear Mech71,
Please see my earlier posting. I was watching Infosys as test case. So far,
Jan high has not been taken out. Once it is taken out on closing basis, then we can take this as base and go long in the counter. Nifty Spot has not closed below
Jan 2012 High and Infosys has not closed above Jan High. It is just a test case.

 

[terry1234]

Ranbaxy has made high of rs 474.5 on 23rd Jan2012, first time on monthly closing basis it is rs 503 on 30th April. Can we go long with stop loss of Rs474.5.

 

[IAtma]

bullish turned into bullshit........Finally.

upto 5160 only (as high of Jan is 5215,less 1% as correction factor) below 5160.....bullish turn to bullshit.

 

[john6]

If you are following this thread, then you are correct as far as Nifty is concerned but for Infosys ,the closing of April is still below Jan High.

the stst is only fr nfs ;isujjest not fr scripts;if im wrong i aplgize

 

[kcsusha]

On 18/5/2012, Nifty Spot closed at 4891. Jan 2012 high was 5217. Will Nifty

climb 327 points to maintain Jan closing during 9 trading days left in May 2012.

It looks highly impossible keeping in view present condition of the Market. So can

we keep 5217 as SL on closing basis and go short whenever Nifty comes near 5200 level?

 

[john6]

its fr only nfs not fr scpts;im wrng apolgize

 

[john6]

On 18/5/2012, Nifty Spot closed at 4891. Jan 2012 high was 5217. Will Nifty

climb 327 points to maintain Jan closing during 9 trading days left in May 2012.

It looks highly impossible keeping in view present condition of the Market. So can

we keep 5217 as SL on closing basis and go short whenever Nifty comes near 5200 level?

yes u have to consider frm prv recrds nf moves min 400 pts in month of may