Nifty trend

[rrmhatre72]

Hi All,

Is 5640 good level to short?
Basically to take the position for Monday.
Your opinions pls

 

[Capricorn]

Lots of congestion between 5640-5580. Any way bias is still up I would be looking for shorts only below 5530. Not very good at small scalps .

 

[rrmhatre72]

Lots of congestion between 5640-5580. Any way bias is still up I would be looking for shorts only below 5530. Not very good at small scalps .

Thanks Capricorn.
Anyway I have taken short position @5635.
Let us see if it is going to be Ganapati bappa "more"ya OR Morya...

Anyway, r you from Mumbai or Pune?
Karan gharachya baher paach Ganapati mandal fakta ithech asu shakatat.

 

[Capricorn]

Thanks Capricorn.
Anyway I have taken short position @5635.
Let us see if it is going to be Ganapati bappa "more"ya OR Morya...

Anyway, r you from Mumbai or Pune?
Karan gharachya baher paach Ganapati mandal fakta ithech asu shakatat.

All the best.

Barobar odakhle, Mee Mumbaikar.:lol

 

[saivenkat]

So boring, for the last two days..I was just going surfing the net, and i came to understand that the OIL chart is showing Downtrend with a downside target of $54.:clapping:

http://www.cnbc.com/id/39032742

Two things came to my mind as i read the above article; Viz.,

A) Will our government revise the Oil Prices ( scale down) if it comes so?

B) The Inverse relation ship between OIL and Equities, which at most of times remain intact- Will they continue? If so can we take it this a tiny lead for our market, and assume that it will continue its uptrend.

Regards

 

[Capricorn]

So boring, for the last two days..I was just going surfing the net, and i came to understand that the OIL chart is showing Downtrend with a downside target of $54.:clapping:

http://www.cnbc.com/id/39032742

Two things came to my mind as i read the above article; Viz.,

A) Will our government revise the Oil Prices ( scale down) if it comes so?

B) The Inverse relation ship between OIL and Equities, which at most of times remain intact- Will they continue? If so can we take it this a tiny lead for our market, and assume that it will continue its uptrend.

Regards

They have to revise petrol prices since they have been deregulated.

Yes it was a boring weekend.

 

[Capricorn]

Levels for tomorrow...

Bias is up..above 5530

R @ 5640, 5680, 5700

S @ 5620-10, 5580-85.

Have a great week.

 

[Capricorn]

So boring, for the last two days..I was just going surfing the net, and i came to understand that the OIL chart is showing Downtrend with a downside target of $54.:clapping:

http://www.cnbc.com/id/39032742

Two things came to my mind as i read the above article; Viz.,

A) Will our government revise the Oil Prices ( scale down) if it comes so?

B) The Inverse relation ship between OIL and Equities, which at most of times remain intact- Will they continue? If so can we take it this a tiny lead for our market, and assume that it will continue its uptrend.

Regards

Actually crude seems to be ranging between 73-78. Watch for a break for direction.

 

[saivenkat]

Actually crude seems to be ranging between 73-78. Watch for a break for direction.

No worries for me..at what range crude trades.. Btw i read something, the usual prediction and guesses by the analyst about our further direction of our market during this month, that which i give below

The stock stockmarket is likely to continue its upward journey this week on the back of persistent inflows from overseas fund houses, analysts said. However, the markets will be keeping a close eye on the RBI's September 16 mid-term monetary review and the release of August headline inflation (WPI) on September 14, which will set the course on Dalal Street, they said.

Regards
Saivenkat

 

[saivenkat]

Levels for tomorrow...

Bias is up..above 5530

R @ 5640, 5680, 5700

S @ 5620-10, 5580-85.

Have a great week.

My view is simple

Above 5650 bullish till 5700, which should be the tomorrows range.