Incisive Nifty Trend Analysis

[Stock trendy]

Fut could close above 5600 today..doubt nifty prices coming down in near term..heading higher levels.. May be 5500 levels one can hope for..not sure.

 

[trdstudent]

Fut could close above 5600 today..doubt nifty prices coming down in near term..heading higher levels.. May be 5500 levels one can hope for..not sure.

After a long break from trade ystrday I bought 4lots 5500 CE at 32.Sqroff 3lots at 116 and holding 1.Also just bought 5500PE at 23.6 just for a cooloff case ,if any.

 

[Stock trendy]

after a long break from trade ystrday i bought 4lots 5500 ce at 32.sqroff 3lots at 116 and holding 1.also just bought 5500pe at 23.6 just for a cooloff case ,if any.

rbi policy coming up next week just see the game all will be positive to boost the market..
All prices going up no way they can stop inflation.
Stock market also going up.. Really strange.

 

[josh1]

rbi policy coming up next week just see the game all will be positive to boost the market..
All prices going up no way they can stop inflation.
Stock market also going up.. Really strange.

Inflation affects shares prices also. When all prices go up, share prices follow them. That is the reason we use logarithmic scale for price axis in charts.

 

[NANDAMAD]

@Prada sir,

Sir you say market is still weak. You also said BHEL will go up. BHEL is a defensive stock? I do not know much , I do not even mean to question you,
just knowledge sake.

regards.

 

[prada]

14 September, 2012
Temporary Boost Followed By A Crash- Mark Faber
If I had messed up as badly as Bernanke I would for sure resign. The mandate of the Fed to boost asset prices and thereby create wealth is ludicrous — it doesn’t work that way. It’s a temporary boost followed by a crash. - in CNBC

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

 

[prada]

Nanda, the analysis on Bhel was based on supposed bottom picking. If it holds onto the recent low( I think 195) then it can quickly retrace some of its losses.

There is quite a strong possibility of a double top to be formed in Nifty at 5630 in the next few sessions and hence it time to be a little cautious.

@Prada sir,

Sir you say market is still weak. You also said BHEL will go up. BHEL is a defensive stock? I do not know much , I do not even mean to question you,
just knowledge sake.

regards.

 

[The Monk.]

Prada,

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

if u go short in jet, u may have to sell u r underwear too in near term..

 

[saurabhjain2005]

After a long break from trade ystrday I bought 4lots 5500 CE at 32.Sqroff 3lots at 116 and holding 1.Also just bought 5500PE at 23.6 just for a cooloff case ,if any.

Even I bought 4 lots at 37 and squared at 105. Though I feel I covered early as always. Now, I have 5600C at 46.

Just wnna ask everyone if this is a safe level or shall I just do something to hedge this. Like buying 5600P aswell. Pls seniors help me..

 

[Anillal]

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.

I am afraid sir I have to disagree a little with your views. I give market analysis due respect but as a trader I believe that one must accept the fact that what is out there right NOW in the market is real not what might or might not be in short or medium or long term. I think any market analysis with constant reference to these short medium long etc terms is a bit ambiguous appropriate only to the thugs on CNBC. It sounds wonderful but believe me one never has a precise idea of what is being talked about because their parameters change from person to person market to market instrument to instrument. Other thing. In one of your recent posts you wrote that you would buy shares when they are dirt cheap. It made me smile really. No offense intended but may I ask sir how would you know that they are dirt cheap? What parameters would they satisfy? Will Hindalco below 100 be cheap enough? For example at what price will you consider SBI is cheap enough to buy for medium to long term? Personally I think there is no low or high price of any scrip in the market. It is all relative. Any scrip that shows signs of strong moves in your direction is the one you entered cheap. Yesterday SBI looked costly at 1870 as it seemed waiting to go to 1790. Today after 100 points up it looks juicy now as it seems waiting to go to 2100! By the way because of their intrinsic value the precious metals are secular bullish, particularly gold. No analysis needed. Buy it whenever you feel it is cheap enough and then do not look at the charts just sit tight. Sooner or later you will be rewarded handsomely. 100% guarantee!
Anways as long as most of us in the name of development being fooled that money creation equals wealth creation I do not see India Inc as a rosy picture either. But I am a trader like so many other members here. And as a trader right now I see the market in the process of discounting the bearish view. opening above 5465+ is sign for the serious bulls to start the countdown for their buying setup. A due healthy retracement to 5450 etc. and they would jump in. May not be for investing but definitely for swing trading if on monday it does not turn out be a friday fluke which is highly unlikely after having such a huge gap up today.
I hope sir that your followers and fans would be as enlightened as you are and not take this post as undue criticism of you. And if it is not asking too much please attach the relevant charts appropriate to the analysis you make. Thanks and goodbye. Take care.