Nifty Futures Trading

[Sunil]

i must admit that all ADAG stocks, general market stocks, TV survey;
all are indicating that Govt will survive...

let's see tonite...

 

[myvineet]

the calmness here shows like nobody is trading today...

 

[kapil123]

the calmness here shows like nobody is trading today...

I think this kind of bullishness on the day of vote of confidence is giving jitters.

Cheers,
Kapil

 

[myvineet]

I think this kind of bullishness on the day of confidence is giving jitters.

Cheers,
Kapil

very right.....

 

[Sunil]

on friday, 20th June, when this bear rally got worse after a double digit inflation was announced, SPOT dropped from 4500 and ended at low pt 4350...
then next trading day on monday, 23rd june, we had a gap down and till next 3 days, attemps were made to cross 4315-20 and try to close the gap by testing 4350. But, on all 4 days, SPOT failed to cross 4315. Infact, on friday 27th June, one more worse inflation figure nailed the coffin for bulls and it has been tumbling down till 3800, from where this rally has started...

only because of this (over 4 day top) 4315, which is all the weekly resistance on weekly charts, I doubt that it will be broken easily.
I feel, only good bullishness in global mkts tomorrow and govt passing with comfortable margin (and not just scrapping through), will break this 4315. Then, beyond 4350 (gap resistance) is to be seen.

Now, if SPOT closes around 4250, then a 100pt salute (till 4350) is enough if govt wins vote.

This is my personal view of spot charts & wave patterns... and just to recap the importance of this 4315-4350 gap resistance

 

[Satyen]

Any body watching Lalu jadavs Speech ????

 

[Sunil]

just check out reliance today...

not even +0.5%

if govt wins, then anil wins (but mukesh will not gain much)
if govt looses, then too stock will react down...

 

[Satyen]

market indicating goverment wining ??

 

[rajaram.dilipkumar]

bought puts and carrying home....liquidated yesterdays calls

 

[Czar]

Any body watching Lalu jadavs Speech ????

awesome speech