Nifty Futures Trading Part 2 (Positional)

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xtalk

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Anyway, guys...did anyone notice while market is falling and so is ADX? NF ADX is at 32 today, Spot ADX at 39. It is a sign that the current trend is losing strength and a trading range could develop.
 
C

Czar

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lol was going through an old post of mine: dated: 5th December 2006, 12:58 PM :D:D:cool:


No chance mate...reversal is far far away , minor major corrections may come...20K is my target now for the sensex...funny in april
I put a sensex target of 6.3K now nifty around 6K lets see, this is just IMHO...that would be the true euphoric target it seems
well predicting is something I dont have... reasoning - I may have my own, like many others....

Euphoria is missing as I have being saying consistently...mob is ready to drop their pants & run on the 1st sign of weakness... for a may kindof mayhem...the Fi2's need someone to dump their billions of purchases (as advertised by the media...

If you hinting to a correction...I agree its closeby... Only an International downtrend can reverse & break our trend out of the thumping bull run... or euphoria...lets see which comes 1st...Euphoric levels according to me are 20K ish...so I stated the same, this kindof bull run cannot just end one fine day & the major players just quit & say ok tata bye bye...whatever I can get I get by selling off... + dollar weaking is a big + for the FII

the index is climbing at 1K points per 15/20 working days average...today 20K seems "Oh my GOD" but it'll seems much closer 2 months down the line & results are around the corner...

@Karthik - lol hope you are too, we have beaten dow indeex but japan HK are still pending & maybe mexico & brazil (naah that's too much) ???
 
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