Nifty Futures Trading

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today's action does not seem weak to me.......we have weak cues domestic and global.......but mkt sort of held on to supp...

otherwise 12.44 % inflation shud have taken it down a lot.....i think this correction may soon b over...........

contrary to popular opinion......

market is not falling with the momentum a downtrending mkt falls with......

the price per unit of time movement is very slow......

4360-4400 is historical supp....mkt may b in retest mode of dis supp.....b4 going up further..............


these r all d possibilities.......


regards

nj : )
 

rishig38

Well-Known Member
so if 4360 doesn't hold up, then you would agree that this is still a bear market and this uptrend past few weeks was just merely a bear market rally?
I am personally holding my shorts from 4624 level..
 

rishig38

Well-Known Member
My personal opinion is that markets might see one sharp correction downwards in the coming weeks (2-4) and that will be the bottom of this bear market. Just my personal opinion.
 

columbus

Well-Known Member
today's action does not seem weak to me.......we have weak cues domestic and global.......but mkt sort of held on to supp...

otherwise 12.44 % inflation shud have taken it down a lot.....i think this correction may soon b over...........

contrary to popular opinion......

market is not falling with the momentum a downtrending mkt falls with......

the price per unit of time movement is very slow......

4360-4400 is historical supp....mkt may b in retest mode of dis supp.....b4 going up further..............


these r all d possibilities.......


regards

nj : )


I think markets discounted the INFLATION already.I think inflation upto 15% level is taken for GRANTED!!!!.Even our finance minister ,RBI governor and Economic Advisor are of the opinion that we will go back to old level of inflation .ONLY,in the first half of next year.
 
I think markets discounted the INFLATION already.I think inflation upto 15% level is taken for GRANTED!!!!..
:eek: inflation uptu 15 % taken fr granted........????

sir its waay too much........nd it can't b taken as granted.........

do u knw y hav finance minister changed d day of inflation numbers frm friday to thursday.....???

coz he doesn't lyk FRY-DAYS...........markets r very reactive.......every increase in inflation numbers is veryyy veryy baad fr d mkts........



regards

nj : )
 
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columbus

Well-Known Member
Dear Friends,

Looking to the movement of Nifty Fut for the last 3/4 days, I feel there are no fresh buyers and at the same time no fresh short sellers also. The Nifty Fut has support around 4389 - 4402 levels. Todays movment confirms this. Moreorless all bad
news about Inflaion, Rate Hike, Slow Down is facotred in the markets. FIIs few
years back were positive on Indian mkts when they say growth rate of India near
5 - 6 % and now even if Indian mkts gvs growth rate of 7 -8.5% there should be no
reason for bearish on mkts, I feel one can buy for one year forward for decent
returns.

Regds,
Vipin Bhandari
To be frank the increase in INFLATION should have resulted in 200+ point downward movement in normal conditions,but this has not happened and left the market was poorer by 79 points only.
 
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