Nifty trend

[timepass]

If we close above 6310 today we should see about 6400 2morrow. Uske baad pata nahin.

6565:clap::clap:

6301..

Now what about tomorrow?

 

[Capricorn]

November rains in Mumbai, I don't know whats going on.

Back to Nifty...

R @ 6300 , 6330 , 6390

S @ 6270 , 6180-6210 zone , 6160

If we can't crack 6330 its going to be choppy.

 

[sarath67]

nifty is facing resistance at 6300 levels .let us see if breaks below or not

 

[alroyraj]

November rains in Mumbai, I don't know whats going on.

Back to Nifty...

R @ 6300 , 6330 , 6390

S @ 6270 , 6180-6210 zone , 6160

If we can't crack 6330 its going to be choppy.

Would be happy enough if it went till 6330. 6300 is quite a strong resistance.

 

[nitinbourai]

Nifty will crack down as PE of nifty is close to 26
we can see clearly from the nse website that on 13th oct 2010 nifty PE was 25.91
see the link http://www.nseindia.com/marketinfo/indices/yield/histyield.jsp
and from then on it is fighting to go above 26.
this period is to trade for short term ,get your pockets and enjoy
enter into market when PE atleast come close to 20 levels
india is a growing economy and we have to see higher market PE as 20 PE is also not the right time to enter but for india its a different story
so enter at 20 PE and enjoy

 

[Capricorn]

Yes , but beyond 6330 it should fly. Keep a part position for it in case we take out 6330.

 

[kingfisher3210]

The psychological behavior of nifty future suggest it is bracing itself for a nice intra day fall tomorrow if global markets does not have a bullish run tonight.

I expect nifty future tomorrow to go to 6250 levels during intra day.Nifty Future is having hard time to sustain 6330-6345 since last 4 days. If it cant go up, it has to come down.

Assumption is global overnight markets does not have a bullish run. If they have a huge bullish run, then sentiments will change.

 

[MindlessTrader]

i am stuck with 6500 CE ...lets see tomorrow.....

 

[timepass]

i am stuck with 6500 CE ...lets see tomorrow.....

and I with 6300 & 6400 CE. But eventful days ahead - G20 meet in S.Korea on Thu & Fri, Crude series ends.. when? Next Wed? .. Lately (since 3-4 sessions) the dollar has hovered approx between 44.1-44.4 Rs., and crude around $86-87 - neither of them breaking out this way or that.

Maybe G20 will do something about the recent currency wars and give the dollar some direction. China has increased interest rates to suck in liquidity. Dunno how these things affect our market but they do.

 

[MindlessTrader]

and I with 6300 & 6400 CE. But eventful days ahead - G20 meet in S.Korea on Thu & Fri, Crude series ends.. when? Next Wed? .. Lately (since 3-4 sessions) the dollar has hovered approx between 44.1-44.4 Rs., and crude around $86-87 - neither of them breaking out this way or that.

Maybe G20 will do something about the recent currency wars and give the dollar some direction. China has increased interest rates to suck in liquidity. Dunno how these things affect our market but they do.

6300 & 6400 CE lost quite a premium today....btw dow is recovering...