Nifty Outlook for this week.

[Czar]

Finally I rest, you 2 are made for each other...

 

[aiyaz]

Shorts are being made in huge vol. Bullishness is helping making equal % of bears, high vol. Da LAL street is near future (tomorrow 75% probability)

But on that day I earn relatively better by avoiding short sell in IFCI and Shri Renuka irrespective of mild weakness in Nifty.
Dont think that I am debating false.Really bought these two stocks in intraday on that day.
Shri Renuka Bought 300 @ 81.55 sold @ 84 confidently
IFCI Bought 1000 @ 17.95 sold @ 18.70 confidently

 

[pkamalesh]

If it will be the lowest close then why nifty falls today.
Just be opposite what you think.
Newton was very clever person thats why got a good popularity.

Acha hua newton ne market me nahi khela....barbaad ho jata tha...he himslf would have got confused with the law of gravity..heheheh

 

[aiyaz]

Dear OneBull and pkamalesh
I think you r going wrong.
Newtons 3rd law is working once again today.
Nifty a gap-up of 40 points where as DOW LAL were a gap-down overnight.

 

[aiyaz]

does anyone know we are waiting for the budget ? or now we look everywhere but india for cues

We have what people are calling the mini budget on Monday.A lot will depend on that.However,people usually first sell off on news.So, there might be a sell-off

 

[pkamalesh]

Dear OneBull and pkamalesh
I think you r going wrong.
Newtons 3rd law is working once again today.
Nifty a gap-up of 40 points where as DOW LAL were a gap-down overnight.

Hello bhai...i never said im with one bull..mereko mat kheecho...

 

[aiyaz]

2800 Put buyers have been squaring up their positions.I think this is not the right time to go short by applying 3rd Law.
Just wait for 3000 level for creating shorts in the market.
Have a nice FLYBATH today

 

[aiyaz]

Dear members
Put writers at the 2800 strike price seem to have developed cold feet and unwound 27000 contracts.Reliance holds the key to the markets and it has so far only seen reduction in positions by way of profit taking and shorts have still not happened at the counter.Railway vendors would be in action today.Some of these have already seen a good run up.They are likely to receive a favourable treatment in Lalu's budget today and one may use the buoyancy to lighten commitments in these stocks after the news comes.
Have a nice FLYBATH.

 

[aiyaz]

Dear OneBull.
Where are you?
Let us start today's discussion.
FIIs were not major buyers in India today.While the Instanex FII Index closed 1.42% higher at 218.44,the Index underperformed the Nifty (+1.91%) and the Sensex (+1.78%) since it tracks FII portfolios.

 

[aiyaz]

wait if Dow goes in -ve he will appear...for Black monday talk... but beware if he comes & says nifty to rally further get ready for big crash...

As far as monday (Budget day) is concerned I think there will be a little bit of selling pressure after the announcement.But in slightly long-term I think 3075 to 3100 level will be achieved.A lot of people are watching the crossover of 2950 which is the 89-day moving average but the acid test for this market is really going to be whether its going to touch 3100.