Insight into why the NIFTY is probably heading down

[SwingKing]

sir greaaaaaaaaaaat work. U have to tell us the secret. U using more than technicals.plzzzz say. Am short 500 nifty. All thnks u.

Thanks Adi.

There is no secret to anything. Whatever I do or whatever I study, I post it in my threads. There is however one simple and often neglected fact I would like to mention. "It takes a lot of effort to have an unbiased opinion. And I feel unbiased opinion is formed my analyzing the facts". Hence, it is very important to be non biased towards any opinion.

Market's were very weak and now that is being proved by price action. That was a fact which I guess was neglected by many. I am glad I could help you in someway. But analyze yourself and make an effort to learn.

Tc

 

[sunnytalreja]

Hi,
Thanks for this useful info.
BTW is there any reason for having such low trading volumes these days.
Are all investors/traders gone for some strike or they won some holiday tickets?

The recent fall is also because of low volumes. If the Nifty goes back to green as well, that won't surprise me. Its loo less the volume to hold any resistance or support.

 

[scplindia]

Hi,
Thanks for this useful info.
BTW is there any reason for having such low trading volumes these days.
Are all investors/traders gone for some strike or they won some holiday tickets?

The recent fall is also because of low volumes. If the Nifty goes back to green as well, that won't surprise me. Its loo less the volume to hold any resistance or support.

pl see cnbc, the market has been coming down with good volumes for the last 4 days.

 

[SwingKing]

Hi,
Thanks for this useful info.
BTW is there any reason for having such low trading volumes these days.
Are all investors/traders gone for some strike or they won some holiday tickets?

The recent fall is also because of low volumes. If the Nifty goes back to green as well, that won't surprise me. Its loo less the volume to hold any resistance or support.

Sunny volumes have been high on falling days. Get your volume data verified.

 

[pegasus]

sir,
I am not a great believer of analysts or tech advisors.but we do have to agree their presence in media moves the market according to their whims & fancies...may be the are true that our markets are too overvalued and the subprime greek crises and the contagion..etc are escuses for corrections back to fair valuations...what do you think about that? And if so what do you think are the fair valuations of our markets now? Some say 10% lower some say 5% some give horrible amounts that everyone would run away with their money! The size of our gdp compared to the total market is much lower? Will this free falling stop when the fair valuations are reached? What do you think is the fair value for nifty and bse?

 

[YogeshD2010]

Hi,

4950 is the 200 days DMA level.which need to support.

Also Dow Jones Market was gone down on friday 139 Point.
FTSE & Dax 14 months low on friday.

Regards,
Yog

 

[oilman5]

sir,
I am not a great believer of analysts or tech advisors.but we do have to agree their presence in media moves the market according to their whims & fancies...may be the are true that our markets are too overvalued and the subprime greek crises and the contagion..etc are escuses for corrections back to fair valuations...what do you think about that? And if so what do you think are the fair valuations of our markets now? Some say 10% lower some say 5% some give horrible amounts that everyone would run away with their money! The size of our gdp compared to the total market is much lower? Will this free falling stop when the fair valuations are reached? What do you think is the fair value for nifty and bse?

Why ? min qualification to be an analyst either CFA or CMT. so how many of them r that?........they r quack........mostly paid by broking for hulla -bulla .
Market must have game of marketing........if u listen to them/rather ask the value by them better NOT in market...........market is not for lame duck.There r many place u can learn how to value + follow money flow.......u can earn.
U can lose by trade but there should not be any confusion .

 

[oilman5]

In short ,Fii ,some money is going out, but Nri money shall replace it soon.......also local fund shall come in around 1 yr,......in short, buy in every dip the stock u know.understand Raunak is qualified to speak & have method of objectivity.

 

[oilman5]

a good thread !!!!!!!!!
thanks to all

 

[pegasus]

to all guys interested in this thread,
what do you make of todays market movement? good and sustainable? or speculative? should we now go all out than for shorts?
Is this movement definitive?