Long or Short Opinion

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R

rajputz

Well-Known Member
#773
#773
vssoma said:
dear raj,
which system are you using....if u don't mind.......... in brief only.....
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Its simple CCI. I think u use it too. I am making mistake my self in identifying the patterns some where. Need more precision.

please check the trades with Nifty future on given dates and see the patterns, and where i made mistake....





I cant post the chart of Infosys. I dont have the real time feed. You can check the EOD data i have posted in morning.
 
R

rajputz

Well-Known Member
#774
#774
I am getting a good feeling that we might recover from this level. Nifty has rejected to go down or fell from 4970 three times and more. we may see a little bounce back...



 
S

simple_trader

Well-Known Member
#775
#775
simple_trader said:
NIFTY has maintained intraday down trend. short covering or upmove expected only if NF crosses 4980 and sustain now. other wise it is in down trend for intraday.
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As expected after crossing 4980 NF, market has cleaned up intraday shorters.

Also time and again market will teach onething. 200 DMA is God for traders.
 
S

simple_trader

Well-Known Member
#778
#778
shreerangk said:
Nifty has come up and now trading above 5000 levels ... seems this is a pull back rally ... what do experts think ..?
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My personal opinion, swing down side is done. Now we have to allow market to make base for small up swing play. If we give time, in the process we do not get trapped in case market has more down side left.


I have written my complete view in the other thread.

I think market will close lower around 200 DMA today, tomorrow range bound move around 5000. We can see sustained bounce to 5100 later half of this week. Not much hurry to make long for swing!

Anyway, we have to be careful and selective for making long. Fresh swing shorting is dangerous here. I am giving my views without considering any extra-ordinary situation which makes market to crash suddenly.
 
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