Long or Short Opinion

[rajputz]

Bullish WW on nifty spot getting full respect untill now....

 

[simple_trader]

Still it can go and test 5270 around. I guess this is not a proper up move.

I seem to be not track with the market. it seems to be strong up move. can make a new swing high above 5375 today.

 

[aditya14]

again a volatile day was dull in morning but nice moves on both sides traders paradise

 

[rajputz]

Update of Apil Buy given at 613 levels... now at 662.

Update of Hindalco Buy generated by Ghost. It is exit now. Trade At profit.

 

[rajputz]

Allahbad Bank is showing strength to downside on both daily and weekly charts. CCI has gone negative with Lower pivot broken. Price was taking support here for last few days which is finally broken. Gator method also suggests to sell at the current moment.

Sell near or between 158.50 and 157 for the target of 156 / 154.60 / 152.20 keeping stoploss at 160.20 / 161.20.

 

[rajputz]

State Bank of india is also showing weakness in any further move. Strength is building to downside. Below 2290 movement is strong. Macd is also showing downward divergence over price.

Short at 2290 for the target of 2270 / 2243 with stoploss at 2313. I consider this one a little risky as market is in indecision.

 

[rajputz]

this is little confusing. I dont consider and watch news most of the time. But my observation says that our market is settling down before a big run to either side. And if G-20 issue is so important, it can add as a fuel to the direction.

For my observation, since july 2009 the first bull run corrected between 50-61.8%. The bull run then retraced between 100-127% of the correction till january 8. We again corrected between 61.8-100% of the bull run. Next bull run again ended between 100-127.2% till 9 April. The next correction was again between 61.8-100%.

Considering the above scenerio, are we headed to bull run between 100-127.2% i.e approximately between 5400-5550, before market zooms to upside or downside??

 

[goodstocks]

UTVSOFT could be a buy at cmp of 405. The near term target may be 420, 460 and 520.Stoploss may be placed at 390 on a closing basis.

 

[rajputz]

UTVSOFT could be a buy at cmp of 405. The near term target may be 420, 460 and 520.Stoploss may be placed at 390 on a closing basis.

Well, let it close above 419 goodstocks.

It can face strong resistance there in short term. let it break.

 

[rajputz]

5318 needs to be taken out for further upmove...