Intraday Trading

kthakker0

Well-Known Member
Any forecast for Nifty and Sensex?Is our market resilient to Dow and S&P?
If you guys has read about Cyprus, then you will know how the middle men, salaried, and pensioners will be paying from their own (tax deducted) saving for the financial crimes committed by the political and high powered individuals over there. Their bank balances will be compulsorily reduced by 10% from Monday no matter what the type of account. That's the news by far.

So you can imagine what sort of difficult situations the common man can face for no fault of their own.

Congress has practically ruined our investment and financial market by taking many corrupt and unreliable decisions.

But our market is near its strong support of 5665 and this is the second Gann Turning Day. and if patterns are to be believed then a rally in brewing in this negative sentiments as unlimited value buying opportunities are available to the investment community at this point of time.

If if you take Dow and S&P targets, which I have mentioned in my previous thread, investment community will take some time to digest that this negative sentiment is investment opportunity.

So keep an eye only on large caps for quick money and forget small and mid caps for time being.

And no targets as of now but keep out from initiating new shorts and cover old short trades.


Bye
 

kthakker0

Well-Known Member
21/04/2013 Sunday

Hi all,

NF has entered a critical zone, with current sentiments and truncated expiry week the bulls will give full support for 5860 levels.

Strong Support levels are 5781 and 5725 and target is as stated above with crucial level of 5820

With 3 trading days left for expiry, its prudent to buy next series Put or sell next series NF. for 5625 level

NF consistently trading below 5781 will signal that cracks are widening, market may not fall but 5860 target will be difficult to achieve.

Dare Devils can buy current series 5700 Put for unexpected profits if NF tanks down before expiry.

Bye
 

kthakker0

Well-Known Member
22/04/2013 Monday

Hi all,

NF gyrated 20 points up and down of 5820. And as per Time series, today was the turning day for the rally and today's high of 5843 most probably would not be breached tomorrow.

We have 2 scenario's

  1. If 5843 is breached for some reason then any level above 5843 is the Definite Sell. My level / target in this case will be 5860
  2. 5843 breached or not NF is a Definite Sell when trading below 5820
Let's see what happens

Bye