Long or Short Opinion

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Buddy please dont distort the rythm of the thread with offtopic questions. You can take this question to some brokerage thread if you like. This thread is totally deidcated to OPPORTUNIST group (I just gave it name )
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rajputz

Well-Known Member
Yaar koi nifty pe commentry karo (Bullish wali :p) :lol:

I dont have the chart for nifty so cant check my self.
 

rajputz

Well-Known Member
Got my Charts

Nifty is standing between the support and resistance zone of 5258 and 5212. Closing above any of this will give the proper side to the market. Although the break to the lower side was due to gap down opening on monday due to GS fraud and it recovered above it at the end. if 5260 is breaken to upside on closing basis then we can see the 5300-5400 again, other wise down.



Also CCI has given a hook back to upside(this is bullish Commentry :). I think going for the formation of GB100 Pattern. I am waiting for LSMA line to go green. (Praying).if the LSMA goes green then all the way to upside for me.

 

rajputz

Well-Known Member
ITC - Sell

ITC failed to pierce its topmost resistance of 270-273 and reversed back testing the 20 EMA again, standing between 20EMA and 34EMA. Stochastic are weak, and also CCI has given the famir pattern, suggesting further fall in price. if 261 is broken then we can see the bottom of 256 which is the 38% retracement of the rally. Price is also giving the negative divergence over stochastic and RSI. The Point of 20EMA 264.6 can act as a trend decider. I wont go short above it. That is the stoploss point for me.

Atleast!!!!

Please check the charts.



Waiting for the target entry of 261.50 to be crossed. Not hit yet.
 

chaitanyagoa

Well-Known Member
I see the volume increasing on the undervalued share. Good pick again.
Dude do u have a yahoo messenger or Gtalk?
DUmp me ur ID:thumb:
 
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