General Trading Chat

[vivektrader]

One analyst gave his BNF target as 12000 and he says buy there for a next bullish wave.

Smart_trade

ST sir, your views on building a portfolio now or we should continue to wait still.
Thanks

 

[Smart_trade]

One target I have heard for Nifty is 5500.....to believe it or not is left to everyone.I don't believe it......

These targets are meaningless for traders. If I have 6500 as target and if market rallies 300 points from today's low, will I keep the short trade ?I won't as how do I know that it is not a trend reversal ?So targets are of no use for a trader...he has to change as the market changes.


ST

 

[copypasteaee]

Trend reversals are very rarely sudden. It will chop at the bottom before going up again. I would suggest the investors to remain calm and let the market make its bottom. then buy the stocks which are relatively more strong.

 

[traderniftybank]

One analyst gave his BNF target as 12000 and he says buy there for a next bullish wave.

Smart_trade

Yes, he is right. If BNF fall below 13000 around then we can see 12000 or even lower.

 

[timepass]

I am looking at a target of around 3300 on nifty - something like gap filling of 2009 elections. It may take some time though.

 

[copypasteaee]

I am looking at a target of around 3300 on nifty - something like gap filling of 2009 elections. It may take some time though.

All hail Timepass :thumb::thumb:

 

[vijkris]

I am looking at a target of around 3300 on nifty - something like gap filling of 2009 elections. It may take some time though.

tp ji , only some catastrophic event can cause that level.

 

[Smart_trade]

ST sir, your views on building a portfolio now or we should continue to wait still.
Thanks

Let the market make a bottom and do base building....after that it is a time to buy...but you won't be buying at the bottom...you will be buying 300-400 points above the bottom...so be prepared for that.

ST

 

[praveen taneja]

I am looking at a target of around 3300 on nifty - something like gap filling of 2009 elections. It may take some time though.

Then look for 3333 :rofl::rofl::rofl::rofl:

 

[Smart_trade]

On reverse side Elliott target is that in 1 year time we will break 9200 on upside....but that is useless for me ,can I buy at 7000 and see market going down to 6500 or 6300/6000 ? That will be crazy.

ST