nifty calls

M

MAGNET MAN

Member
#381
#381
magnet calls for thursday

as expected, once it crossed 5295 tgt was 5425, and we achieved that today

now we said that crossover of 5425 will tgt 5515, we maintain that.

now crossover of 5515 will tgt 5638 in few days, if we crossover 5515vthen sensex can touch 19000 before any correction.

conclusion
hold ur buy and book profit near 5515 and buy again above 5520, if nifty opens above
5515 then hold ur buys and book profit near 5620 in coming days.


2 maro mkt will depend on big daddy's (infy) result also, expected good.

warm regards
magnet man
 
C

Czar

Guest
#382
#382
Big daddy has become grand daddy, old & semiretired, others daddies are much more active... I think Infy role would be over in this rally maybe another 100/150 Rs. rise is tops, it has done its purpose... RIL & co. is the daddy to watch for...

the worst part is Nifty has broken out of all long term trendlines, now its anyones guess... if anyone can figure a long term (not short term) trend line for this move do let me know where I'am lost...
 
T

tulika

Active Member
#383
#383
Truely said,
last result season big daddy declared that now he has become grand daddy , as contribution in the rally.. was less than younger daddy ..Reliance Group
 
M

MAGNET MAN

Member
#384
#384
i wud like to see this in diffrent way.

its a cycle, one paddle is down another one is up
both have near about same weigtage in sensex, this time reliance was up next turn cud be of infy.
about tgts infy has a short term tgt of 2250 after that it may start correcting again but whats ggod is , looks like it has bottemed out
warm regards
magnet man
 
C

Czar

Guest
#385
#385
but logically the dollar situation is not appealing for the rise in IT, true sops are there, but long term I feel IT sector will join ranks with HLL / ITC, thats why I said Its done its part in this rally, with maybe a 100/150 upside still there...
 
M

MAGNET MAN

Member
#386
#386
mkt likely to be volitile today, book profit near 5510, and re enter only above 5550

as 5515,5530,5547 there r three res on upmove likely to see profit booking in later half
play safe

warm regards
magnet amn
 
A

ayurakshapad

Member
#388
#388
Respected magnet man,Renu mam &czarji,
i hope all of u will be enjoying bullish market as well as "nifty"
i jst want ur views abt nifty fr tomorrow, since it has already touched 5530 level.
magnet sir has told very clearly that it has sm resistance at 5530, bt i want to know that will it be safe to take long call of nifty future at this level(continuosly 3 days hike)
shud nt it has to correct.
if correction is there then wen,how much,wat will be indicators?
Thanks in advance.
Regards,
Ayurakshapad
 
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