Long or Short Opinion

[crown]

If 5380 not breaking.. then i have a feel that it will close above 5400 levels..

namaste bhai
I think that tomorrow will be the deciding day. The chances of Nifty bouncing back towards upside are quite strong; though it do not indicate any strong upside move.
In case, Nifty closes below 5390 we can see a good rally downside.

What I am expecting is that Nifty make upside move for one or two days i.e tomorrow and day after tomorrow; and then starts falling. The upside rally and/or movement should not be above 5506; and better if it remains below 5497. At that level, if it give even a weak signal for going short, I will be into it. Because in that case, the probability of Nifty touching 5300 becomes very strong.

 

[rajputz]

Check dow...Market can sink in fear tomorrow...All the time i tried to speculate nifty, it moved against my views...adjust ur sail accordingly...

 

[saivenkat]

IMO, Dow should fall more than 150 points, otherwise it wont have much effect on our markets., because the way the buying came after nifty fell below 5400 levels, gives me a feel that market is not in a mood to snap..

Just like you rajputz bhai.. every time i try to judge something.. it will be otherwise..

 

[saivenkat]

SGX at 5388, a fall of 41 points.. Should there be a gap down opening.. and if its below 5380.. then bears ko maja aayega..

Rajputz bhai, you have forecasted correctly.. :thumb:

 

[prst]

Dear Sir,

i am holding 1500 shares of crane software , bought at 23.
but now the share has come down to 9 rs, and crane has not declared their results.
NSE had decided to delist/suspend this scrip till further notice.
Should I sell and book losses now, or wait ?

Please advise.

 

[rajputz]

Dear Sir,

i am holding 1500 shares of crane software , bought at 23.
but now the share has come down to 9 rs, and crane has not declared their results.
NSE had decided to delist/suspend this scrip till further notice.
Should I sell and book losses now, or wait ?

Please advise.

No information about fundamentals buddy....atleast to me...someone might be able to help you...

 

[rajputz]

5050???

Possible!!!!

What Say!!!

 

[SwingKing]

5050???

Possible!!!!

What Say!!!

Nice (pictorial) analysis dear.

Well, anything is possible Rajputz. Sky is the limit.

In this case, 5050 or 5100 or 4800 is anybody's guess. Markets generally don't break down so easily. Especially after the kind of flows we have seen. Since last time, there are structurally two themes different this time around.

a) Banks have been in amazing run. Now, think this. If markets have to tank, why is so much delivery based buying happening in banking sector? Smart money never comes in at the top. Furthermore, there are some other sectors like Telecom, Consumer durables which are beginning to show leadership.

b) Don't you think any one with even 5 days of TA experience is predicting a crash? When this happens, usually markets don't correct. If it were so easy, then probably the concept of permanent job would have been wiped off long back.

It's anybody's guess dear. At the end of the day, we need to go with the flow. That's where we can make profits.

Tc

 

[rajputz]

Nice (pictorial) analysis dear.

a) Banks have been in amazing run. Now, think this. If markets have to tank, why is so much delivery based buying happening in banking sector? Smart money never comes in at the top. Furthermore, there are some other sectors like Telecom, Consumer durables which are beginning to show leadership.

It's anybody's guess dear. At the end of the day, we need to go with the flow. That's where we can make profits.

Tc

Hi raunak sir,

Partially agree with you.

This is my point for last few trading sessions. Smart Money never comes at top.

In smart money we generally look at the flow of DIIs and FIIs. But for the last few months, the way they are buying and selling is totally messed up. In the last bear run, we had FIIS as the buyers and DIIs as the sellers. And in this bull run at the top we had FIIs as the sellers and DIIs as the buyers. Which is little suspicious that what they are doing. There buying and selling activity for last few months is way beyond understanding.

For last 5-6 weeks we are in rangebound conditions with high volumes. This suggests me that there is some correction due. Whenever i have seen volume increasing at the top, it is always accompanied by correction. And also when we try to speculate nifty or any other stock, we try to look in the time of current or next expiry, where as this buying in delivery is for much bigger time frame. Only banking and telecome sector has shown strength, but we cannot forget that there are many sectors which are still weak. Metal, Auto, Oil which i believe will get weaker in coming time, Reliance the major constituent is still weak, State bank is also one of the major constituent giving me sell signals. Significantly, i have seen volumes giving me sell signal on nifty also.

Other thing is that when ever we rise so much or fall too much, we talk about support and resistance, but evidently it is always broken. Like when we were at top, every support was considered as a point to go long, but finally we settled at 4750. When we were at bottom, we were looking for 4400 at 4850, and every resitance was broken to take us to 5550.

For me it is distribution going on now. And also i am short on some active positions, with stoploss. Even if they hit my trailing stoploss, i would be in profit. But taking a long position is bit uncomfy. I am expecting these levels, but with some stair case pattern. Lets c, if i get some signal to short, cover or go long now.

 

[rajputz]

i placed a stoploss at 5433 for my nifty short at 5505....lets c if its hit or not.