NIFTY FIFTY

[amitt29]

Hi rahul ,,
Is the PPT of RJ ? If yes , can you plese send it to me also on [email protected] . Thanks a ton .
Vinsu

You can use popular zipping programs like winzip or winace to compress the file.

Amitji,it has come a full circle from last Friday.

 

[s77]

A pdf copy of RJ presentation is available at http://valuestockplus.blogspot.com/... see the entry on Wealth Creation & Wealth Management - A presentation by Rakesh Jhunjhunwala

Hi rahul ,,
Is the PPT of RJ ? If yes , can you plese send it to me also on [email protected] . Thanks a ton .
Vinsu

 

[vinsu]

A pdf copy of RJ presentation is available at http://valuestockplus.blogspot.com/... see the entry on Wealth Creation & Wealth Management - A presentation by Rakesh Jhunjhunwala

Got it .
Thanks Man .
Vinsu

 

[Saint]

Without any sideways consolidation in time, and time means an extended period of time, these are merely corrective bounces, so please dont trust them.
Going ahead when the inevitable corrective downwards tug comes again, one only hopes it would be orderly, and in line with retracement laws.
If not, the move will likely seek lower levels than seen already.

And if so, then we can begin to talk of a trading range for consolidation, without vicious moves on either side.
That would create a base for getting on with itthe bull marketby and bymany weeks, if not many months later.

Great stuff,Amit..........

Saint

 

[AMITBE]

Not a lot should be seen in the big jump yesterday.
Unless one is very sure of what one is doing, do stay out.
A massive rally like we saw, and with some more likely to come ahead, if global cues are to be a signal, the moot question is if such a moves are sustainable.

Without any sideways consolidation in time, and time means an extended period of time, these are merely corrective bounces, so please dont trust them.
Going ahead when the inevitable corrective downwards tug comes again, one only hopes it would be orderly, and in line with retracement laws.
If not, the move will likely seek lower levels than seen already.

And if so, then we can begin to talk of a trading range for consolidation, without vicious moves on either side.
That would create a base for getting on with itthe bull marketby and bymany weeks, if not many months later.

Im bringing a couple of quotes from the past againsame place, different time.

Dec 13:



Well, yesterdays close at 2798.80 is pretty much what we are at, is it not.

Dec 12:


A lot of what was written back then is true in the immediate term as well.
One the Nifty begins to trade well above 2822, then 2865-2877 would be the immediate goal.
Once there, interestingly the next major turning point then from my data is 2913, which is bang on the nose of the 200 DMA which is what Im watching for closely.

To the up:
2809-2816-2823-2830-2837-2840-2844-2851-2858-2862-2866.

Supports are 2790-2784-2778-2772-2766-2755-2750.
2734 is crucial.

Will update.

Hi Saint...thanks and long time no see around here!

Now that the Jhunjhunwala dialogue is hopefully over, to look ahead at this point.

The 200 DMA tryst at 2913-1915 area is all but done, and we are in some tentative levels now.
One cannot say for how long the Nifty would play around here, and how far higher, if at all, the move may test.
For the record, 2991 is the 20 DMA.
2984 is the 20 EMA.
2883 is the 13 EMA.

This morning I had also mentioned 2865-2877 as being important levels.

These are a few important levels to keep in mind at this time, in case a trading range should develop in the very short term.

For now 2898-2886 forms an important support.
To the up a crossover at 2920-2926 could lead to test 2944.

 

[pkjha30]

Hi Saint...thanks and long time no see around here!

Now that the Jhunjhunwala dialogue is hopefully over, to look ahead at this point.

The 200 DMA tryst at 2913-1915 area is all but done, and we are in some tentative levels now.
One cannot say for how long the Nifty would play around here, and how far higher, if at all, the move may test.
For the record, 2991 is the 20 DMA.
2984 is the 20 EMA.
2883 is the 13 EMA.

This morning I had also mentioned 2865-2877 as being important levels.

These are a few important levels to keep in mind at this time, in case a trading range should develop in the very short term.

For now 2898-2886 forms an important support.
To the up a crossover at 2920-2926 could lead to test 2944.

Hi Amit

Nice to see you in full swing.

Only thing I miss here is your red and green colour coding.

I also hope people are wiser now and would like to take tips as tips and not the full wages. Also the should not mistake your levels for trading levels though it can't be avoided with compulsive trade.New mwmbers would do well to do a little searching on the forum.

Pankaj

 

[vince]

Hey Amitbe
I think that yours and saints words carry more weight around here than the Jhunjhunwalls of this world, as they rightly should.

 

[gvnarendra]

hello amitbe,

is 200 day ema of any concern? its value is 2943.75 as of yesterday which coincides with one of your levels-2944

regards,
gvnarendra

 

[AMITBE]

hello amitbe,

is 200 day ema of any concern? its value is 2943.75 as of yesterday which coincides with one of your levels-2944

regards,
gvnarendra

Exactly correct, gvnarendra. 200 EMA holds a lot of weight.

It's an interesting time in the markets...it seems to be in the hands of deep pockets, considering the buying pressure recently.
How and when will the let go the hold is anyone's guess.

Thanks Pankaj...but growing weary by the passing day to keep this thread going.
Your own work is putting to shame the best of the frontline batsmen!

Hi vince...nothing of the sort as far as I go...of course Saint is a different kettle of FISH!

 

[amitt29]

Hi Amitji and all.
If 2950 is held in good stead and Nifty closes above it we are looking at 3025 odd.
Lets see.
Regards.
PS
Yesterdays high was approx 2/3 retracement from 2915(high) to 2595 low.