Long or Short Opinion

[nimish_rulz]

But ST my tgt for this week 4800 is it wrong??????

It is not wrong but most of the world markets are at massive support levels. FTSE below 5,000 has bounced out everytime this year. Dow 9800, Nifty 4930, etc. So fresh shorts might be risky. However if you hold short 5020 should be used as stop and keep on holding them.

I am expecting dow to close above 10,000 in todays trade and tomorrows trade. It should open high and keep going up. If it doesnt first target is 9630 on the dow this is what was seen yesterday when the futures market opened when dow closed. However the entire dip was bought into suggests something fishy. Also Asia showing strength today combined signals up move on dow. This happened a few days back and dow rallied from 9900 levels to 10,300. Lets see what happens now.

First hour of dow will tell the direction.

 

[praveen taneja]

People watching what operators want them to see
all want to buy at low and have quick gain but my sixth sense says this time its boom boom dhadaam
I am on RIL put 1000 and dont see any need to hedge already having 40% plus profit in intraday

 

[simple_trader]

These are a couple of points are important in short term trading now -

1. NIFTY has got 180 points premium (as per today;s closing), this can hit long position if there is any local news comes in. Even if global markets go up, we can get a hit.

2. There is one island reversal in NF chart (valid till today). This works in favor of bears.

3. Most important thing, when market is over sold, then market stands on a thin line, some news can make the market crash, or if there is no news, or even slight delay, can trigger short covering as market would not stay over sold for long (any time frame). If there is no news in favor, getting out is better idea. other wise, it works like boomerang!


Let's play the volatility!

 

[rajeabc]

Hi,

What else does one need for country's economy to grow.

Cheers !!!

Alok Tewari

That is called money ! I mean Global participation is must to grow. Why are we not in the group of developed countries ? Reason is very simple , we are not in global supply chain. Even there are lot of countries which are much smaller than India but enjoying economy better ,reason is very simple because they are in global supply chain. They sell what they have and buy what they don't .
If you think India can enjoy economy and grow without participation of other countries then I beg you pardon to differ from you. if there is no external engagement then we will become a banana economy where citizens will keep exchanging things and living happy without knowing what is happening out side.

 

[rajeabc]

.... already having 40% plus profit in intraday

Taneja ji , kya karenge itna paisa chhap kar ?

 

[nimish_rulz]

Taneja ji , kya karenge itna paisa chhap kar ?

ROLF! I wish I could give him my money and he will give me similar return on commission basis interested kya?

 

[nimish_rulz]

Breaking news/ Rumour, BP found a possible second leak. Stock down 5% and tanking. FTSE will keep going lower if BP drags!

 

[rajputz]

The weekly chart of nifty is showing weekness ahead. Although untill the close of friday, commenting some thing would be really hard, as the last three days can change the whole scenerio on weekly basis. If looking at the daily charts, we got a GB100 yesterday which i didnt counted for the reason of indecision going in market and the global cues that are ruining our move. Still the trend is down. CCI is to the downside, with price reverting to go up from the resistance of 20 and 34 EMA. If price closes anywhere below 4930, we may be in danger zone and can see further downslide in price.

Check the Charts: -

P.S. Nice time for you nimish, as you dont have positions and waiting for more downside.

 

[rajputz]

Trend Decider for tomorrow remains at 4985 on future. Stay short below it as the targets to the downside can be 4918 4870. to the upside of 4985 we may se 5034 5103.

 

[rajputz]

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