Incisive Nifty Trend Analysis

[Bewinner]

Hi Josh,
Your level is breached I think. now Nifty spot is trading at 5660 level. By the way I think the level is provided is on Nifty spot. Isn't it?
What to do now? Should we add more shorts here? should we cover up shorts and go long here. As there is a tradition I observed in India that on diwali time mkt should remain high.

 

[megapixel]

Hi Josh,
Your level is breached I think. now Nifty spot is trading at 5660 level. By the way I think the level is provided is on Nifty spot. Isn't it?
What to do now? Should we add more shorts here? should we cover up shorts and go long here. As there is a tradition I observed in India that on diwali time mkt should remain high.

What is your source ? Can you please post your source if any.

Are you following this ...

http://www.moneycontrol.com/news/ma...er-to-6000-by-diwali-betlt-baliga_772125.html


http://www.moneycontrol.com/news/ma...e-beyond-5800-markfew-days-baliga_773110.html

 

[josh1]

Hi Josh,
Your level is breached I think. now Nifty spot is trading at 5660 level. By the way I think the level is provided is on Nifty spot. Isn't it?
What to do now? Should we add more shorts here? should we cover up shorts and go long here. As there is a tradition I observed in India that on diwali time mkt should remain high.

You will have to keep Stop of 5725 on future. The level is of Nifty spot. Whether to add shorts or not is individual discretion. Nifty is still in 5730 -5630 range. Nothing can be said unless it moves out of it.
There is no such tradition about Diwali. In fact in 2008 Diwali, Market was doomed. Look at 2011 November also.

 

[josh1]

What is your source ? Can you please post your source if any.

Are you following this ...

http://www.moneycontrol.com/news/ma...er-to-6000-by-diwali-betlt-baliga_772125.html


http://www.moneycontrol.com/news/ma...e-beyond-5800-markfew-days-baliga_773110.html

MP

Instead of following, read the thread 'Teach a man to fish' by Saint in technical analysis section.

 

[Bewinner]

Sorry MP...I don't have time to read any news on Moneycontrol or rather what Moneycontrol analysts are saying...I watch moneycontrol just for price... woh bhi very rare as there price are delayed...

 

[Bewinner]

Thanks Josh for quick reply...
Actually personally I don't have faith on this moneycontrol so called bullshit analysts. My belief is based on my intuition as what I observed for the last 3-4 years I just said ....though I know what happened in 2008 October month but please watch minutely that it recovered half just before diwali or on the time of diwali...
and even in the last year also it just went up before diwali for 4-5 days and it felt down just after diwali...So that's why I asked are we expecting same thing in this diwali also? In fact it's a question to myself also...

 

[josh1]

Market is poised to go up on Monday. Resistance at 5675 - 5686 - 5700 - 5720.
Looks fully manipulated. After this Teji, there will be heavy decline below 4500 and Kalimata will take one more Bali from some big scam.

 

[mech71]

Market is poised to go up on Monday. Resistance at 5675 - 5686 - 5700 - 5720.
Looks fully manipulated. After this Teji, there will be heavy decline below 4500 and Kalimata will take one more Bali from some big scam.

Heavy decline below 4500 or 5500.............??

 

[Bewinner]

Josh,

Let's see what will happen on

Kalimata will take one more Bali from some big scam.

...but the decline level is 4500? I mean 1 year back support level? or 5500/5600?

 

[Bewinner]

Where is Prada now a days? He started the thread and he is missing!!!!