Incisive Nifty Trend Analysis

[summasumma]

is diesel price increase not going to make nifty open neutral to negative?

 

[prada]

Bhel- CMP 204

IMO, the stock has bottomed out and should bounce back to test 230-240 levels in the near term. It has Strong support around 188-195 level. Risk:Reward favours the buyers.

 

[josh1]

Hi Josh
Now going to touch 5550 in the morning itself!!
What is your opinion now.
Thanks

Yes, but the move was much faster than estimated. Nifty has gone above the upper TL joining high of 10 Jul and 23 Aug. So next tgt is 5700. which is somewhere along the upper dotted TL, unless nifty closes below 5510 today.
Will post the chart later

 

[prada]

Criticism is a part and parcel of life and I shall take it along my stride. As I've already expressed earlier, Nifty's movement in the near term does not change the bigger picture. Some of the members here need to understand that I am not here to give trading calls. I stress this point again. I look at the market from a medium-long term perspective and put out my views.

P.S: In the near term, Nifty is looking quite stretched and a move to retest 5420-5430 cannot be ruled out.

 

[bpr]

is diesel price increase not going to make nifty open neutral to negative?

diesel price increase is market positive.

 

[SEVEN STAR]

Sir my study says S&P500 can get to target of 1550 n that has tentatively confirmed by this P&F chart.. and DAX target 7500..i may go wrong also
Our market Nifty 5392 taken out 5520 is the target

DAX ALL MOST THERE AT THE TARGET.. AND NIFTY HIT MY FIST TARGET

Do your duty as you see it, and damn the consequences.


― George S. Patton Jr.

 

[Bewinner]

Thank u Mr. Prada for replying on BHEL
Waiting for your current view on Nifty....
Thanks in advance...

 

[THETRADER]

diesel price increase is market positive.

It is more because the Govt acted. Took the politically tough decision. The euphoria will die soon with rising inflation, disposable money with people shrink, ...... And the markets will follow Prada.

http://www.traderji.com/derivatives/...tml#post698191
We are close to 5590-5600 surpassing 5530-5540!

 

[sabhlok_r]

Prada,

is this the correct level to go short in Jet?......380 cmp

 

[THETRADER]

@MansiVarma

P.S: In the near term, Nifty is looking quite stretched and a move to retest 5420-5430 cannot be ruled out.

I was referring to this, maybe I should have been more clear.