NIFTY FIFTY

[orderflow13]

Thanks Amit ji for restarting the thread. Consider me as a daily visitor here

 

[orderflow13]

Also forgot to mention one point.After reading your posts every where I always felt i read Economic Times column. Reason must be the quality of thoughts and language.

 

[uasish]

Also forgot to mention one point.After reading your posts every where I always felt i read Economic Times column. Reason must be the quality of thoughts and language.

That's his Long time signature speciality.

 

[AMITBE]

Thanks Ashish and Alex.
I must say Eco Times must be getting better all round!
Nah...kidding.

Alex, I do like the way you resolve data as well...great perspective, good stuff.

Thanks again.

 

[AMITBE]

Should there be a recovery:

New PP zone at 3130-3140 at this point.
Can drag down should NF flounder at lower levels.

3115 to 3155 not an easy passage, anf if the thrust is strong, short covering would help.

 

[AMITBE]

Should there be a recovery:

New PP zone at 3130-3140 at this point.
Can drag down should NF flounder at lower levels.

3115 to 3155 not an easy passage, anf if the thrust is strong, short covering would help.

The point is, in the gap down open this morning, NF fell through the base PP zone (I have been writting of three, remember) which at that time stood at around 3215....and got dragged down steeply following today's fall to the levels mentioned in the above post in red.

So a test of these levels a while ago, for me validates today's price action. It's no longer a false move.

This is not to say that area will not be tested again. These tend to be magnetic zones....but a falling away creates a big move.

 

[orderflow13]

Thanks Ashish and Alex.
I must say Eco Times must be getting better all round!
Nah...kidding.

Alex, I do like the way you resolve data as well...great perspective, good stuff.

Thanks again.

This is the new edition of ET 'TJET' n its always better.
Amit sir i Didnt get wt u mean by 'resolve data'.. talking about option chart ?

 

[citrus]

AMITBE I have been reading you levels, written in splendid and stylish English, from last few days. But I have not been able to work out how to trade these levels. Please elaborate.
Thanks in advance and regards.

 

[AMITBE]

I'm posting the new PP zone created at this point.
Will update these as we go along.

At this time, as NF trade at 2985:

3045-3055

As we know, these will alter to lower levels should NF take a dip from here.

 

[praveen taneja]

I'm posting the new PP zone created at this point.
Will update these as we go along.

At this time, as NF trade at 2985:

3045-3055

As we know, these will alter to lower levels should NF take a dip from here.

Ohhhhhhhh pls dont say that let it go up for god sake i m dying to see nifty go up .Everything favouring India except stock market panic like situattion erupts in financial sector.And other reason i m on 3100 calls
Thanx sir for ur marvelous views n levels i regularaly watch n read ur views which are going sharp day by day God bless u