Long or Short Opinion

[praveen taneja]

5333 was needed to break for any upmove it done but not with vollume it needed

 

[rajputz]

5333 was needed to break for any upmove it done but not with vollume it needed

jab tak points ate hai ane do praveen bhai...

 

[rajputz]

Looks like upmove has started on two majors in suger industry. Both Bajahind and BalramChini broke the pivot high today on very high volumes along with momentum indicator CCI. Looks like we can see more upward move coming into it.

 

[aditya14]

5333 was needed to break for any upmove it done but not with vollume it needed

at least a retest of 5350 is needed or we may start to slide lower we never drift lower.(Trigger would be RBI rate hike imo)

 

[preetksgill]

I am Long in my Shorts j/k

 

[rajputz]

I am Long in my Shorts j/k

Dont have any words for you...:rofl:

 

[aditya14]

longs to be butchered tomorrow me included

 

[rajeabc]

longs to be butchered tomorrow me included

luckily ,first time , I hedged (put 5300) my long at the last moment. I am having put in Infosys , TATAMOTORS so loss will be compensated hopefully.
I feel tomorrow 2nd half will improve (no technical analysis) .

 

[aditya14]

luckily ,first time , I hedged (put 5300) my long at the last moment. I am having put in Infosys , TATAMOTORS so loss will be compensated hopefully.
I feel tomorrow 2nd half will improve (no technical analysis) .

Agreed and in a way i feel this is golden oppertunity to buy this market we may head to 5600 this series is my gut feel.I just bought in hurry i shud have waited 1-2 days.

Tomorrow don`t be surprised to see Asia in green since much of the red was priced in and S&P has bounced off of 1040 again triple bottom.Signs of strength big time.

 

[nimish_rulz]

Agreed and in a way i feel this is golden oppertunity to buy this market we may head to 5600 this series is my gut feel.I just bought in hurry i shud have waited 1-2 days.

Tomorrow don`t be surprised to see Asia in green since much of the red was priced in and S&P has bounced off of 1040 again triple bottom.Signs of strength big time.

You do know that Government in US has laid off temporary workers and we might see a massive drop in Job numbers this Thursday. Also today the Consumer Confidence came at 52 against expectation of 62 anything below 50 is a recession. I wouldn't be that confident. Apart from Nifty all the markets are down and below 50 and 200 DMA. They are all on verge of a massive death cross 50 DMA breaching 200 DMA. It has already happened on the FTSE. Long now are for people with brave heart. Asia just priced in China's fall and a negative dow by 50 in the futures they are yet to digest the other 200 points fall.