Nifty : Real time discussions...!

[praveen taneja]

Dear friends,

The rally which had been to 5699 is a fake one. High chances of probability are there for the nifty to touch 5300 in the coming two months. I strongly advise you to not buy rather than sell at appropriate levels.

My level for short sell for Monday that is on 04/07/2011 will be 5611 with a SL of 5637 and a target of 5572.

happy trading:clap:

Have a look at this view too:thumb:

http://www.traderji.com/day-trading/32562-trading-pt-style-908.html

 

[sumeetsj]

1. 5720 - 5740 should come on Nifty

2. The trend line almost coincides with the 200 SMA

3. How the stoch shapes up in coming sessions will be interesting to see..

 

[linkon7]

Dear friends,

The rally which had been to 5699 is a fake one. High chances of probability are there for the nifty to touch 5300 in the coming two months. I strongly advise you to not buy rather than sell at appropriate levels.

My level for short sell for Monday that is on 04/07/2011 will be 5611 with a SL of 5637 and a target of 5572.

happy trading:clap:

Its the way market behaves. The run from 2200+ lvl to 3700+ was a big testament of bears being systematically slaughtered.

Rally start when there is pessimism and despair as that's when shorts get killed as fresh shorts are piled on every known resistance level and when the lvl get broken, price shoots up thanks to short covering. As long as there is belief and hope that rally is fake, it'll only ensure more upside.

One way of knowing if a rally is fake is by looking at delivery volumes of big players. So far last 1-2 week saw heavy inflow from the FII. Till the time we don't see a hint of outflow, it's foolish to assume it as fake.

Thursday volumes would be high compared to friday thanks to expiry, so a drop in volumes traded is not a convincing reason to build shorts.

 

[praveen taneja]

Here is the Monthly chart of NIFTY. Does not it look dangerous at the moment?.


The T line mentioned in the Market Status, is the same as the one shown here, red colored.


market is bullish only after a convincing breakout above the red trend line.


So… These are the lines which separate the bullishness and bearishness.

Bullish above “T’. On 1 Jul, NIFTY resisted near “T”. If it breakout next week, a huge Bullish move might result.

 

[rajgreenpeace]

After testing 5700 level Nifty witnessed profit booking and came down near to low of the day. Nifty is likely to consolidate in the range of 5,500-5,750. The market trend in July month is expected to be influenced by the progress of monsoon showers in India as well as the announcements of corporate results for Q1FY12. Nifty Intraday Levels For Monday (04-July) : Nifty could find resistance..

 

[sumeetsj]

When we check PCR charts, it gives us a clear picture of highest CALL and PUT concentration at particular strikes.
That i feel is a clear cut indication of the range markets are gong to be in..

Sometimes an upward rally is supported by heavy put writing, similarly,
downward movement is supported by heavy call writing,

hence OI and PCR comes into picture

 

[ranger123]

.......................... not for this thread

 

[anayash]

Doing some scalping in 5400 PE today!

 

[linkon7]

this thread has become very quiet.... ! wonder why...?:annoyed:

 

[PGDIMES]

this thread has become very quiet.... ! wonder why...?:annoyed:

testing the patience of the thread-owner... :rofl::rofl::rofl: