Long or Short Opinion

[rajputz]

Nifty is looking weak over the technicals, also i am hearing some bad news from US markets which suggest that further downside movement can continue. Towards target of 5174. Horizontal Resistance line broken failed to survive to upside, and also the secondary trendline is broken over the logarithmic price chart. Fibonacci Retracements are suggesting a further move to minimum of 5174. Be cautious on long side yet.

P.S. - These are my personal view. Price can go any where, disrespecting my opinion.

Todays bar of Nifty...80 Points down...My day was done covering the shorts at 2 minute of Opening. All the positions squarred off including nifty, SBIN

 

[rajputz]

Sail has today reached my buy levels. Exactly at 221 where i guessed. But not initiating buy at the current levels. Want it to give a hook back first, then will follow the move to upside or Hit Stoploss. Looking for hookback near this fibonacci fan(trying it for the first time)

 

[rajputz]

Check the Famir pattern that has appeared on Sesagoa with the increased volume. A down Move is expected in the coming time. The stock has risen unexpectedly since nifty has started up trend. Check the other signals too.

Breaking of the Major support at 458 and 446 is must for further downside

 

[rajputz]

Relcap looks weak. May go down to 750-755 levels.

Nice pick good stocks. praveen bhai apka level b aa gaya...


Buy can be intitaed on these levels....If breaks this then looking for next support.

 

[goodstocks]

Dear Rajputz and fellow members,

The most important point to bear in mind is the FII activity.For the first time after 15 to 20 weeks of incessant buying,only yesterday they have sold for the first time to the tune of about 770cr.The movement of Rupee is going against them.It is time to be more cautious on the long side.

 

[praveen taneja]

Bro untill mkt close above 5235 I am only for short on higher level covered puts taken at 5253 reason 5253 looks cute yaar only

 

[rajputz]

Yesterday i think was the panic day due to Goldman Sachs fraud case. they have stake more than 1% in many companies of india. and in their country they are the major market makers, having large institutional orders. So panic might be created by these. So let the market cool off this effect. Untill then it is just puzzled activity. Its unclear for me at the current moment.

 

[rajputz]

Bro untill mkt close above 5235 I am only for short on higher level covered puts taken at 5253 reason 5253 looks cute yaar only

Praveen bhai, sail check karo...

 

[praveen taneja]

it was a clear sell on break of 250 now if it break 211 can give 200 where one can buy for his kids
condition mkt close above 5235 spot at least once

 

[praveen taneja]

duplicate msg