diary of a day trader

[VIKAS 21]

nifty reversed from the high of the day.....

 

[quinox]

i dont think nifty is going to reverse today. either it will now go sideway or will rise till EOD. If it has to reverse, then it will do so tomorrow after RBI rate decision.

 

[rajgreenpeace]

nifty reversed from the high of the day.....

Will touch 6100 in this exp...........

 

[del_66]

i dont think nifty is going to reverse today. either it will now go sideway or will rise till EOD. If it has to reverse, then it will do so tomorrow after RBI rate decision.

and how many shorts were in the market and how many stops have hit around 5972 spot...

 

[TraderRavi]

and how many shorts were in the market and how many stops have hit around 5273 spot...

:clapping::clapping:

 

[quinox]

and how many shorts were in the market and how many stops have hit around 5972 spot...

 

[del_66]

:clapping::clapping:

 

[TraderRavi]

and how many shorts were in the market and how many stops have hit around 5972 spot...

too many people were short , this explains nifty's 500 point rise in 14 days..........

 

[TraderRavi]

too many people were short , this explains nifty's 500 point rise in 14 days..........

now all shorts stooped out, but trend will be clear only after rbi policy............subba can gift 50% cut, his last policy........

 

[soft_trader]

now all shorts stooped out, but trend will be clear only after rbi policy............subba can gift 50% cut, his last policy........

What I think is that every possible rate cuts is priced in already, i.e. 50bps Repo along with some CRR.

I don't think Nifty can break 52week high of 6100 easily unless there is a big surprise from RBI and some Dovish tone from Subbaji.