Long or Short Opinion

[simple_trader]

Though as per me we would continue this up ward rally for next 3-4 days in index (5080 NF is floor), in between one can look at SBI at key resistance area in 2360-80 spot range. It may offer an opportunity for down side from that range. This is for swing traders.

Happy trading!

As suspected SBI fell!

 

[praveen taneja]

So Are u positive on the movement of NIFTY on the upside?....

Praveen bhai might have a word to say lol.............:rofl::rofl:

Bhai ye lol nifty movement ke karan hai ya praveen bhai ke liye:rofl::rofl:

 

[praveen taneja]

Any Idea why were the banks falling apart and any comments on the snail paced Reliance???

Again we have underperformed the world markets todays .. :|

http://www.traderji.com/day-trading/32562-trading-pt-style-429.html#post434597
posted in morning booked just now
these chars and pc can never defeat human brain:thumb:
$@ days high keep eyes open everywhere
remain inform no need of any afl
listen bhajan that is must bcoz god is gr8888888888
he help only those who are dependent on him bakiyon ke liye god ne FII chhod rakhi hai:rofl:

 

[simple_trader]

As expected NIFTY continued rally of day before yesterday. i am observing one thing in last a few days trading that NIFTY is unable to sustain above 5200. Going by this, it seems closing basis 5200 is a resistance. So my thinking is from today that it may not be good to long around 5200.

Market is showing some signs that it is not able to move up. Probably we could see a down move here (swing move).

Resistance area for NIFTY at 5270 future around (may not get tested).

Happy trading!

smooth fall from 5200. Will it continue till tomorrow? I guess so.

 

[praveen taneja]

As suspected SBI fell!

Result impact not out but rumour there
Euro Falls To Fresh 14 Month Low Under $1.2510

 

[simple_trader]

We are all expecting the rally downside, the market will go and do the opposite of what all of us are expecting so that it can trap our money.

I guess you did not expect down move ? It can continue for 1-2 days more. Won't be surprised if it tests 5000-4980 again early next week.

Any way option writers market now (mid of a series), too much one sided is not good. take your profit and get out safely. or partial profit booking is needed.

 

[simple_trader]

This is how over all situation is now, from 5200 resistance level market fell apart in intraday today. Expecting 4980-5000 odd level on Monday or Tuesday.

As of today 5000 PUT has highest OI. It may be possible to get support around 5000. Bigger range market is good for trading now. As when market changes mood, can be identified better way than before.

Over all closing basis, 5200 would remain as resistance in the series.

Is it possible to see a crash below 200 DMA? No straight answer as yet. We have to see how we trade for some more days.

Happy trading!

 

[simple_trader]

Result impact not out but rumour there
Euro Falls To Fresh 14 Month Low Under $1.2510

Just following chart, it was giving bearish signal!

 

[simple_trader]

It seems to have got rejected from exact resistance line yesterday. Looks to be a swing short.

It came down today.

 

[goodstocks]

As predicted the Nifty made a shallow upswing where some of the retailers got trapped at higher levels and Nifty may slowly and gradually retreat to lowerlevels in the MEDIUM TERM

I have mentioned in my posts of 10.05.2010 and on 11.05.2010 that the shallow high made by Nifty is not sustainable because the sensex advanced 550 points with a meagre participation of FII &DIIs 20cr each.More so, there are fears of China slipping into recession with some countries in E U likely to join the group.This international scenario may effect our economy adversely too.5000...4800 and 4300 in Nfty can be expected in the medium term.It may be relevant to mention that W.buffet wants to enter Indian market in mid next year, perhaps when the stocks here could have bottomed out.Kindly,Rajputz, bring out ur observations