Nifty trend

[Capricorn]

S @ 5720 , 5630-60 , 5580-5600

If 5700-20 holds we see a good bounce else....

 

[rajsingh]

S @ 5720 , 5630-60 , 5580-5600

If 5700-20 holds we see a good bounce else....

That it did low was 5698..

You're almost eerie :thanx:

 

[Nihilistic]

Kindly do not mind a question from a novice. Was it short covering that kept Nifty above 5700 today?

 

[josh1]

Was it short covering that kept Nifty above 5700 today?

Does it make any difference? Switch on CNBC and you will get n number of reasons :lol:. Postmortem of market behavior does not help in trading.

 

[praveen taneja]

Vollume in nifty around 5725 is quite scary ek to thund upar se ye vollume apni to halat patli ho rahi hai

 

[Capricorn]

The bounce came ...now

R @ 5890 -5920-5950 above that we are up and flying.

Below 5700 ...you know what:lol:

 

[Nihilistic]

Does it make any difference? Switch on CNBC and you will get n number of reasons :lol:. Postmortem of market behavior does not help in trading.

Thank you for the pointer, Josh. I shall remember it. As I mentioned already, I'm a novice, more importantly, a foolish novice, who has lost more than just money till now. Learning as much as I can; better late than never.

Regards,

 

[josh1]

The bounce came ...now

R @ 5890 -5920-5950 above that we are up and flying.

Below 5700 ...you know what:lol:

There is one more resistance of 6000- 6020 which is 61.8% of this entire fall. 50 DMA is also there.

 

[josh1]

Thank you for the pointer, Josh. I shall remember it. As I mentioned already, I'm a novice, more importantly, a foolish novice, who has lost more than just money till now. Learning as much as I can; better late than never.

Regards,

Never mind. Everyone of us was a foolish novice some or other time.
Market is like ocean. If you want to survive, learn to recognize the direction of the tide and swim in that direction. Unless you have tons of resources to turn it in your favor.

 

[Nihilistic]

Never mind. Everyone of us was a foolish novice some or other time.
Market is like ocean. If you want to survive, learn to recognize the direction of the tide and swim in that direction. Unless you have tons of resources to turn it in your favor.

I hope, like everyone who is successful, I gain knowledge and gain back at least some of my losses.

Neither I have tons of resources, nor I know the direction. I'm in the ocean right now, little too late for undoing, unsure if I can come out swimming with the tide or get drowned going against it. I'll never stop trying, though.

Regards,