Nifty Futures Trading

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Re: Time to Stick my Neck Out ,Nifty 7300

CRR and Repo hike , short covering expected tomorrow ?
yeah definitely shorts will be covered by the largest and smartest local operators with out inflating the price.......thats why we call them smart money.....
they will take this fantastic opportunity to cover their large shorts with out destrying their paper profit....
now what we can do?
we have to read the tape.......:)
 

Sunil

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Re: Time to Stick my Neck Out ,Nifty 7300

"INFLATION" problem has already been solved in the stock market....

Stock prices are cheaper 30-70% from their peak....

;-)
 

Sunil

Well-Known Member
Re: Time to Stick my Neck Out ,Nifty 7300

NIFTY SPOT SUPPORTS FOR TODAY'S TRADING:

4150 (nearly the low of yesterday)
4130 (S1 for today)
(all these might be broken at opening itself)

4110/4100
4085
4070 (S2 for today)

We are already in oversold conditions....
If , after initial knee-jerk reactions, SPOT is able to hold 4100/4080 level, then it may gaive a dead cat bounce till 4190/95 (yesterday's close) to close the gap down opening....
The bounce may not even last beyond 4150 (the first support i have mentioned & the low of yesterday), if even global markets are bleeding
 
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