Incisive Nifty Trend Analysis

[pakatil]

Go and challenge Nifty. Go long as much as you want. If it touches 6300 it will reward you with profit. If it goes down it will punish you with losses.

:thumb: :clapping:

 

[Bewinner]

Where is Mr. Prada now a days as his view is seriously needed.

 

[Anillal]

i talked about the levels because of the strong weekly closing and seeing monthly chart
now if a downtrend comes it doesn't matters market should touch 2010 highs
m sorry if m offensive to ny one...............

I just deleted my original post. After reading this post http://www.traderji.com/derivatives/74292-nifty-gap-up-down-openings.html just now I figured there is no point talking some logical stuff here. Please forgive me if it is offending to anyone but I am of the opinion that all the market prediction threads should be placed in general chit-chat section as they serve no fruitful purpose whatsoever and also the posts in them should come with red lettered warning READING MARKET PREDICTIONS OF ANY KIND CAN BE INJURIOUS TO YOUR TRADING.

 

[prada]

There is nothing much to post about. Week on week Nifty has hardly moved. In my last week's update, I was anticipating our market to grind lower which seems to be happening. Grinding is expected to continue. Will post my update this weekend.

Where is Mr. Prada now a days as his view is seriously needed.

 

[Rish]

i talked about the levels because of the strong weekly closing and seeing monthly chart
now if a downtrend comes it doesn't matters market should touch 2010 highs
m sorry if m offensive to ny one...............

Friend, have you made money in the rally from 5300 to 5700, if yes, then happy. Forget about the new rally, please trade with the present market. No body can predict the big levels just like that...............

Level predictors never make good money, always they miss the trend.
Good Traders will never miss the trend, they will win at last.

You decide, you want to predict or want to trade ! ! ! !

 

[josh1]

5638 - 5700 has become Neutral Zone.

 

[prada]

Accumulating some shorts from current levels. Upside looks limited. Healthy correction is the order of the day to see any substantial upside from here on.

 

[prada]

REC- CMP- 223

This stock is an excellent 'buy on dip' candidate. This should test its life time highs if one has the patience to hold it for a long term. In the medium term I have a target of 270. Quite bullish on this stock especially with the ongoing news supporting it.

 

[prada]

SP500- It came very close to my target of 1425 and bounced back. I don't see the correction in it over as yet. Its better to stay cautious at the moment.

 

[prada]

USD/INR

As expected, we have seen the final leg of the downfall coming to an end at today's low. Trend reversal is already underway. The pair should have 54 as the first target in the days ahead. Buying on dips will be quite profitable.