Trading with PT style

Status
Not open for further replies.
What I wrote is assuming people will not take their positions over weekend.

5550 -5625 is a major supply zone . I don't see it cross it that if crosses then we can say bullish rally has started again.
Other things to consider are

1- Today A-Nil was summoned at CBI office. SC's remark is very strong on him. So could be any thing.
2- Budget is near so we could see a rally till just before the budget.

But I feel FIIs will come in play only when the see value . And Market would be valued at 15xPE at around 15550 BSE.

Per bhayee log... I may be wrong..
hope u r not in short.................
 
Last edited:

rajeabc

Well-Known Member
hope u r not in short.................
thanks for your concerns.
Actually , yesterday night after analysis data .. I wrote (not today.. wrote yesterday :) )
And since morning. I am shouting that SBI , TATA MOTORS ,will go up...NIFTY(was positive biased but thought it may close flat -1+ 10 points)
you did not join chat room today ?

http://www.traderji.com/equities/50282-intraday-positional-calls.html

- Banking sector is attracting fresh long positions (same story with Tata motors).
- Today OI has increased little but price stay at same level(almost). Yesterday Reliance OI had gone down. which mean this rally for reliance is typically a short covering one.
- Major put writing had happened at 5300 , 5400 and 5500.
- Calls OI has gone down at 5200 , 5300 , 5400 and 5400.
- There is Major Calls OI at 5600 and 5700.

I note following from above data

-We may see some further upside in Banking sector
-There wont be any major falls at least in coming few days few days.
-5600-5700 is major supply zone and DMA (200) lie in this range. So Most probably Smart money see this rally as corrective and are not betting on it crossing DMA(200).
-5300-5400 level will work as a strong support in coming days.
-Major Bull and Bear fight on 5500 so we saw a volatile day today , we may see tomorrow unless one wins.
 
I was online today.....n predicted will cross 5500...........after lunch..........n it did...
 

rajeabc

Well-Known Member
What I wrote is assuming people will not take their positions over weekend.

5550 -5625 is a major supply zone . I don't see it cross it that if crosses then we can say bullish rally has started again.
Other things to consider are

1- Today A-Nil was summoned at CBI office. SC's remark is very strong on him. So could be any thing.
2- Budget is near so we could see a rally till just before the budget.

But I feel FIIs will come in play only when the see value . And Market would be valued at 15xPE at around 15550 BSE.

Per bhayee log... I may be wrong..

Tomorrow or friday.. market will fall.. atleast 85-100 points.. Reason.. this whole weak longs have been created and majority would not like to keep open positions over weekend.


No way to fall....85 to 100 points......sebi watching insider trading...............
Market fell as wrote so.. but yesterday data very telling some different story... Data may be wrong because they are form past action.
 
Market fell as wrote so.. but yesterday data very telling some different story... Data may be wrong because they are form past action.
kitna chara kitna gida................:lol::lol::lol:
 
Status
Not open for further replies.