Nifty trend

[Capricorn]

Let's get back to work..

S @ 5060-70 , 5025 , 4980

R @ 5170 , 5220 , 5255 , 5290

Trade well..

Could have a bounce above 5220 ..

 

[kaly422000]

Let's get back to work..

S @ 5060-70 , 5025 , 4980

R @ 5170 , 5220 , 5255 , 5290

Trade well..

Could have a bounce above 5220 ..

how did u get that figure , mainly 5060. pls explain

 

[kaly422000]

Somebody had given me a theory years ago that, when 3/4th or more traders are anticipating that market will move in one direction, market certainly moves in the other direction. (How will the operators earn money if they behave as per wishes of majority of traders?). I had used used this theory to predict market movement successfully, earlier in this thread. The above poll vindicated it again.

I have been able to predict market movements successfully eight out of ten times. However prediction is different from actual trading. Actual trading (time range of up to fifteen days) requires control over emotions and that is very difficult. These long term predictions will help only in investing. I cannot keep shorting because market is heading downwards. However, I can start investing when the down trend is over.

I came to this thread because I found Capricorn has very good trading technique. I have been able to learn a lot from him. I did not want to clutter this forum with another thread. I do write here because he allows me to and he has open mind.

wait for panic and pessimism to come . market will reverse then

 

[Capricorn]

how did u get that figure , mainly 5060. pls explain

Did u like it?

 

[Capricorn]

Tomorrows levels tomorrow. A bit exhausted today.

 

[EagleOne]

Hey Sai! Nice to hear from you! I saw your name in the unread posts, and I was like, wow, my special friend!
As far what I said the other day to Capri, that may seem 'capricious' of me. But it was not. I liked his posts when I read them. However, I just wanted to make sure that he was not given to playing to the gallery in the name of 'knowledge sharing'. There are many 'goofy' newbies around, Sai, but their money in the ledgers is real. You do the math what I am trying to say...
Anyway, like ST, Columbus, Pride and many other worthy people, I found Capri a level-headed guy - an attribute which cool traders like Josh are too clever to miss.

@Capricorn
My sincere apologies, friend, if I caused you any distress. I wish you all the best - on TJ as well in your life.

How are you Goofy bro..
Good to see you here... but shall i ask you, what enticed you to, try and provoke Capri bro? To be frank i never expected it from you..

As far as i could see.. Capri is a silent contributor and has a nice system for making his entry and exits in his trade.. He is far far better than many big heads here..


Take care friend

Saivenkat

 

[Capricorn]

@ EagleOne , No hard feelings here either.

 

[Capricorn]

Sgx is already trading around 4970 at the time of this post, so we take it from here..

S @ 4960-85, 4930 , 4883 , 4841 , 4800.

R @ 5030 , 5060 , 5180-90.

Trade well.

Beyond these levels we re-evaluate.

 

[Capricorn]

Just an after thought if u are not already short better to avoid any trade.

 

[kaly422000]

Did u like it?
but we want the formula sir:annoyed: