Long or Short Opinion

[rajputz]

Rajputz,

Great posts, you have already told me that you donot consider news while studying the charts, unfortunately, Monday looks to be Gap down so far, based on news and Global Cues, this was not the case when we closed on Friday. When we closed on Friday, no major fall was anticipated in Dow and Europe Markets. But subsequently news pulled all of them down.

With majors uncertainity looming over PIIGS countries, Goldman Sach probe etc, I am sure this is just the tip of the iceberg, because politicians who control most of the analysts will not allow, bad news to be released as it is, in its true form. So far whatever we are hearing is bad news sugar coated, when the sugar disolves, thinks are not going to be good.

So with a RED DAY expected on Monday, can you still suggest that these long calls will hold.

In that case i am also giving some key levels for monday. Stay short below that points. I am off the news for last three days, so not aware of this. I posted what i see on charts. Lets c what happens tomorrow. All i see for now is longs getting build up. Still stay short below this, and stay long above that.

AUROPHARMA 954

CAIRN 315

IBREALEST 166

BRFL 226

MCDOWELL-N 1245

GRASIM 2750

MPHASIS 673

PRAJIND 96

SBIN 2299

TATAMOTORS 865

 

[rajputz]

Hey Scplindia,

i am posting below the EOD data for last 15 years. Download the rar file>extract the content into c:\program files\amibroker\ > Open amibroker > go to file menu > open database > select "End of day" folder.

You are done. Its latest as of 30th April 2010.

http://www.mediafire.com/?n53nwgetimt

 

[columbus]

IBREALEST has given a trend continuation patter, gb100 giving more upside. Other indicators are also supporting the move. Everything. Closing above 177.5 can bring more upside.

Testing.

Clarity of image is lost but one see the chart in one go.

 

[rajputz]

Columbus bhai one more idea...Agar mozilla firefox use karte hoo to just Press CTRL + Minus...

Maine images choti karke post to ki thi...but quality dekh kar maza nahi aya...mera khud ka mann nahi kar raha tha unhe dekhne ke liye. Isliye fir se bada size kar diya...Lol...fir try karta hoo...next time ki posting se...

 

[rajputz]

Any ideas where nifty is headed upto.

 

[columbus]

Columbus bhai one more idea...Agar mozilla firefox use karte hoo to just Press CTRL + Minus...

Maine images choti karke post to ki thi...but quality dekh kar maza nahi aya...mera khud ka mann nahi kar raha tha unhe dekhne ke liye. Isliye fir se bada size kar diya...Lol...fir try karta hoo...next time ki posting se...

Hi rajput,
I do not have Firefox on this laptop.What I have done was Saved image to
a new window and resized the window frame and then used TINYPIC to
post the image.

 

[simple_trader]

Today for intraday, nifty spot supports seems to be around 5190-5200. and resistance around 5275 spot.

Looks like it can correct and then recover.

happy trading!

regards

 

[rajputz]

Last Traded Price in Accordance with levels given

AUROPHARMA 954 - 957

CAIRN 315 - 318

IBREALEST 166 - 174

BRFL 226 - 231

MCDOWELL-N 1245 - 1281.30

GRASIM 2750 - 2714

MPHASIS 673 - 683

PRAJIND 96 - 94.85

SBIN 2299 - 2299 low 2280

TATAMOTORS 865 - 872

The blue one are below the levels in opposite direction. SBIN to downside and prajind at downside...rest all are above the levels yet...

 

[rajputz]

Can anybody check SAIL, MARUTI, NTPC, RELCAPITAL

 

[simple_trader]

Can anybody check SAIL, MARUTI, NTPC, RELCAPITAL

SAIL and NTPC can be avoided (no trade). MARUTI is weak.