Nifty: Daily Price Analysis

[Esse]

Kindly go thru the link. Makes an interesting read.

http://finance.yahoo.com/news/Marke...vb24-?x=0&sec=topStories&pos=1&asset=&ccode=;


Thanks

 

[AW10]

Kindly go thru the link. Makes an interesting read.

http://finance.yahoo.com/news/Marke...vb24-?x=0&sec=topStories&pos=1&asset=&ccode=;


Thanks

this death cross, (50dma cross 200 dma after coming from top i.e. giving bearish cross) is very slow indicator. S&P is already down 16% from its peak and the signal is coming now.

I really doubt, if a profitable trader can really make money using such lagging indicators.
But yes, it is major sentiment indicator tracked by many and specially by media..

Happy Trading

 

[SwingKing]

this death cross, (50dma cross 200 dma after coming from top i.e. giving bearish cross) is very slow indicator. S&P is already down 16% from its peak and the signal is coming now.

I really doubt, if a profitable trader can really make money using such lagging indicators.
But yes, it is major sentiment indicator tracked by many and specially by media..

Happy Trading

I Wish making money in the markets was so easy by simply applying the Death cross or the Golden cross.

Making money in the markets is relatively easy but it is when there is some objectivity and subjectivity to what is being used and applied. As far as I go, I see no objectivity in the death cross or the golden cross. Positive expectancy in such crosses (or any other cross) is nil.

Tc

 

[simple_trader]

We are slowly going there. We are in the track of hitting 5500-5550 range, which is final target for this move. We would cross 5400 with gap up, I feel so as there are some resistances coming in around 5350 NF. Shorts would be flushed out with gap up open. Global markets are over sold, hence gap up is evident in near future.

Happy trading!

After some jitters, we seem to be back on track again. 5200-5240 seems to be support. I think this time rally may sustain. my personal view.


Happy trading!

 

[simple_trader]

After some jitters, we seem to be back on track again. 5200-5240 seems to be support. I think this time rally may sustain. my personal view.


Happy trading!

Market has been twisting and turning in a narrow range for past so many days. But toady, after many days, we traded whole day above 5300 NF. It is a good sign. Once we get a close above or around 5350, we should breakout above 5400 next.

Today's close is a good setup for rally tomorrow (may be good one on the card)!

This is my personal view. Please do your own analysis before committing money.

Happy trading!!

 

[nimish_rulz]

Anyone follows international market? Looking for a view on Nokia in stock 50 europe trading at around 6-7 euros an all time high of 40 euros and this year a high of around 12 Euros also trading at 5 year low. Any advice would be appreciated. Looking to buy around 100 shares. Good company and good future in Emerging market not everyone can afford an Iphone. Soon they will have a device that would compete against the iphone or should I hold My gun and let it go lower or higher before jumping in. Many thanks

 

[rajeabc]

Market has been twisting and turning in a narrow range for past so many days. But toady, after many days, we traded whole day above 5300 NF. It is a good sign. Once we get a close above or around 5350, we should breakout above 5400 next.

Today's close is a good setup for rally tomorrow (may be good one on the card)!

This is my personal view. Please do your own analysis before committing money.

Happy trading!!

Simple_trader ,
I think market is still not ready for any major move and will wait for earning session to start. We are expecting some improvement in Fin market in Euro but there are lot to come. Today jump was just to catch up with US market . Today US market is not looking very bullish and may close flat or in red.
Moreover nifty has been progressing in downward channel since 21st June and even could not break the resistance around 5330.
As per now I have no open position(or say not allowed to open any position as ICICIDIRECT was down whole day)

Would be happy to listen Raunak , Nimish and you along with any valuable feedbacks.

Thanks

 

[Apurv7164]

Simple_trader ,
I think market is still not ready for any major move and will wait for earning session to start. We are expecting some improvement in Fin market in Euro but there are lot to come. Today jump was just to catch up with US market . Today US market is not looking very bullish and may close flat or in red.
Moreover nifty has been progressing in downward channel since 21st June and even could not break the resistance around 5330.
As per now I have no open position(or say not allowed to open any position as ICICIDIRECT was down whole day)

Would be happy to listen Raunak , Nimish and you along with any valuable feedbacks.

Thanks

My 2 cents...

I would wait for breakout above or below last week's high or low... per best of my understanding of current set up, we r sitting on explosive and move anyside wud be violant....
My gut feeling - I think we should break on upside coz we are spending more time in consolidation... if it were to break below it wud have fallen quickly after up move... dont forget mkt falls with its own weight....

~ Apurv
Not an expert or analyst!!!

 

[simple_trader]

Simple_trader ,
I think market is still not ready for any major move and will wait for earning session to start. We are expecting some improvement in Fin market in Euro but there are lot to come. Today jump was just to catch up with US market . Today US market is not looking very bullish and may close flat or in red.
Moreover nifty has been progressing in downward channel since 21st June and even could not break the resistance around 5330.
As per now I have no open position(or say not allowed to open any position as ICICIDIRECT was down whole day)

Would be happy to listen Raunak , Nimish and you along with any valuable feedbacks.

Thanks

I believe that market does not follow any sacred level. So Even if we go above 5330, we can not say that market can not fall after that. Whatever data i see and chart of NF, suggest that it would go up (unless some negative formation happens now). When and where we want to trade it is upto individual's choice in terms of deal (risk-reward). Market will always give surprises.

We have two types of move in market is, one rational and other one is irrational to our analysis. As a trader, we bet for rational part of market move, but irrational part is usually bigger than what we bet for.

We need to continuously evaluate our stand in market!

Happy Trading!

 

[simple_trader]

My 2 cents...

I would wait for breakout above or below last week's high or low... per best of my understanding of current set up, we r sitting on explosive and move anyside wud be violant....
My gut feeling - I think we should break on upside coz we are spending more time in consolidation... if it were to break below it wud have fallen quickly after up move... dont forget mkt falls with its own weight....

~ Apurv
Not an expert or analyst!!!

If we take view of July series, I think it will be range bound & flat close. My personal view.