Nifty: Daily Price Analysis

[simple_trader]

I am somewhat against sharing trades. Forum is good for sharing knowledge and views. Everyone should do their analysis and trade.

 

[rrmhatre72]

I am somewhat against sharing trades. Forum is good for sharing knowledge and views. Everyone should do their analysis and trade.

I agree.
I feel if knowledge is shared with live example then it is well understood.
Yes it should be only one live example & not the all trades.....

 

[Esse]

Dear Esse,

You may well be right. My analysis and my knowledge is as good as yours or as any other trader. It is just that I have lost way many more times than you and hence I may be experienced.

Need to see how things will move forward.

Tc.

Dear Raunak,

As Holmes would have put it, " Elementary my dear Watson". You are not only a seasoned guy but also have metamorphopsed into a matured trader going thru all the trades and the ups and downs. In the technical analysis thread of yours in the 5th page I saw someone (Watcher) commenting about you ("bahut lamba jayoge"). I also share the same views and respect and admire your approach. And hope to learn from the same.

Thanks

 

[scplindia]

All that is said in this post has been ignored by nifty. A close above 5220 which is a major resistence, means bulls have taken control for the time being.

 

[nimish_rulz]

All that is said in this post has been ignored by nifty. A close above 5220 which is a major resistence, means bulls have taken control for the time being.

Considering the thin trading volumes lack of participation by the FIIs they have only bought for the last 2 days not sure if that is short covering or fresh longs. DIIs selling.Most of the money went into ADAG stocks. It can be distribution at higher levels we need to be careful. The entire world markets have moved up on very low volumes dow has negligible volumes in the past 2-3 trading days.

 

[scplindia]

today's volume in Indian Markets is not thin, is quite good. Infact the last three days volumes in Indian Markets has been very good, much above average.

 

[SwingKing]

Nifty Price Analysis 15th June 2010

Above 5200-5220 Band markets have now entered a neutral zone. We are still not in a Bullish zone and need to go forward with our planned trades. On a personal note, I did close my short positions and accepted what the market had to offer. Beyond these levels, we need to see whether this upmove is a start of a new rally or something else. A simple test of this would be the high of 5399.8. If we are able to close above the highs, then we would resume an upward move. Below that, anything remains to be traded with caution. Somehow, I still carry the opinion that we are witnessing distribution at these levels. This view would get quashed when the previous high gets taken out. So lets see what actually happens.

Globally, leaving DAX, SriLanka Index and Nifty index, rest all of the Indexes do remain poised at critical levels. Markets globally have been rising on lower volumes and this needs to be factored in while analyzing the current move. I am still biased on the short side and would wait for the markets to show me potential sign of weakness again.

Let's see how things go forward.

Tc

 

[SwingKing]

All that is said in this post has been ignored by nifty. A close above 5220 which is a major resistence, means bulls have taken control for the time being.

Would you care to clarify this ?? In what context have you written this?

 

[crown]

Nifty Price Analysis 15th June 2010

Above 5200-5220 Band markets have now entered a neutral zone. We are still not in a Bullish zone and need to go forward with our planned trades. On a personal note, I did close my short positions and accepted what the market had to offer. Beyond these levels, we need to see whether this upmove is a start of a new rally or something else. A simple test of this would be the high of 5399.8. If we are able to close above the highs, then we would resume an upward move. Below that, anything remains to be traded with caution. Somehow, I still carry the opinion that we are witnessing distribution at these levels. This view would get quashed when the previous high gets taken out. So lets see what actually happens.

Globally, leaving DAX, SriLanka Index and Nifty index, rest all of the Indexes do remain poised at critical levels. Markets globally have been rising on lower volumes and this needs to be factored in while analyzing the current move. I am still biased on the short side and would wait for the markets to show me potential sign of weakness again.

Let's see how things go forward.

Tc

I also feel the same.
top 6 gainers of nifty include r-power, suzlon, r-com, dlf, sterlite and unitech. Except sterlite the other five scripts are somewhat fishy in their moves. my personal opinion about all scripts of reliance group (of both ambani brothers) is not good as these scripts many a times appear to be controller by operators. suzlon, dlf and unitech might have shown short covering.
i feel that banking, auto, health and oil sector are showing weakness/resistance; therfore, the numbers (nifty levels) are not to be relied upon to decide the upside direction of the market at this stage.

 

[laxsri]

All,

Again here is a tortoise in the race requesting for some information. Please advice me settings for intraday trading in a 5 min TF for Stochastic and MACD. I browsed through various sources in the internet and got different opinions, the problem is with my experience not allowing me to take a judgement on what should be considered as the right one.

Can I be guided? Pls.....................