no one going to earn even single rupee day trading

[abhiwhy]

Abhi,

Nifty Closed in the upperband . Wonder whether its ready for upperbreakout? ( Though real Fundamentals do not support) Dont you think what we have seen in last half an hour was professional buying?

ya market has crossed the threshold levels and ready for the breakout and January 2010 is going to be a fantastic months for traders and investors , and will see new highs and the next key levels for nifty would be 5350 and 5600 .

there are several reasons for this consolidation , 23/12/2009 was provedd to be a very much bullish day the big white candle is showing strong presence of buyers and hence support and there is indeed professional buying at the lower levels and market is probably ready for a possible takeoff.

Abhi,

What I doubted seems now to be a reality. though Sometimes even Monkeys and donkeys ( in place of bulls and bears) dump some fund and trigger rally.

Let market( us!!) take rest for few days and comeback afresh. will post my today's trade in a while.

Regards
Raghav

(monkeys and donkeys )good one!!!

ya really it is something like that, these ( monkeys and donkeys ) are playing the big games and moving the markets up and down .most probably presently changing of hands took place at the lower levels and market is in strong hands now , and it will behave properly at professional hands and i see not any significant reversal before 5350 and will go upward quite comfortably.

further , nifty should swing in following style

lets see how it goes and what happens ,

regards
abhi

 

[columbus]

Nifty Closed in the upperband . Wonder whether its ready for upperbreakout? ( Though real Fundamentals do not support) Dont you think what we have seen in last half an hour was professional buying?


Regards
Raghav

Yes,Nifty closed on Upperband ,it does not necessarily mean
that reversal is imminent,there is a likelyhood of it,So be cautious.
Even nifty can ride on the top band for sometime.

 

[Rkji]

............

 

[columbus]

.................................................

 

[columbus]

[q]Originally Posted by Raghavacc View Post
Abhi,

Nifty Closed in the upperband . Wonder whether its ready for upperbreakout? ( Though real Fundamentals do not support)
Dont you think what we have seen in last half an hour was professional buying?[/q]

Yes,Nifty closed on Upperband ,it does not necessarily mean that reversal is imminent,there is a likelyhood of it,So be cautious.
Even nifty can ride on the top band for sometime.[/q]

Post is self-explanatory.Here is the chart: ................

 

[Raghavacc]

[q]Originally Posted by Raghavacc View Post
Abhi,

Nifty Closed in the upperband . Wonder whether its ready for upperbreakout? ( Though real Fundamentals do not support)
Dont you think what we have seen in last half an hour was professional buying?[/q]

Yes,Nifty closed on Upperband ,it does not necessarily mean that reversal is imminent,there is a likelyhood of it,So be cautious.
Even nifty can ride on the top band for sometime.[/q]

Post is self-explanatory.Here is the chart: ................

Hi Columbus,

as per your superb method it Seems upperband is just looking to pierce the green candle. so cat is almost on the walls.can jump anyside. ->who knows when Market ka band bajega?

Also to Abhi - Hearing that All "Laloo" stocks are going up before "Mamatha's - Rail" budget? (given more than 50% return in last one month).I am new to this funda. Can you pls throw some light on this ?

Also What do you think may take the nifty to 5600 levels since we do not expect any good news from around the globe Inflation is high. RBI is likely to tighten the liquidity, stimulus packages are likely to be withdrawn.

Regards
Raghav

 

[Raghavacc]

ya market has crossed the threshold levels and ready for the breakout and January 2010 is going to be a fantastic months for traders and investors , and will see new highs and the next key levels for nifty would be 5350 and 5600 .

there are several reasons for this consolidation , 23/12/2009 was provedd to be a very much bullish day the big white candle is showing strong presence of buyers and hence support and there is indeed professional buying at the lower levels and market is probably ready for a possible takeoff.




(monkeys and donkeys )good one!!!

ya really it is something like that, these ( monkeys and donkeys ) are playing the big games and moving the markets up and down .most probably presently changing of hands took place at the lower levels and market is in strong hands now , and it will behave properly at professional hands and i see not any significant reversal before 5350 and will go upward quite comfortably.

further , nifty should swing in following style

lets see how it goes and what happens ,

regards
abhi

Cool.

Charts of your's and that of columbus combined together-they speak more than what you write!! Superb!!.

Regards
Raghav

 

[nimish_rulz]

[q]Originally Posted by Raghavacc View Post
Abhi,

Nifty Closed in the upperband . Wonder whether its ready for upperbreakout? ( Though real Fundamentals do not support)
Dont you think what we have seen in last half an hour was professional buying?[/q]





Hi Columbus,

as per your superb method it Seems upperband is just looking to pierce the green candle. so cat is almost on the walls.can jump anyside. ->who knows when Market ka band bajega?

Also to Abhi - Hearing that All "Laloo" stocks are going up before "Mamatha's - Rail" budget? (given more than 50% return in last one month).I am new to this funda. Can you pls throw some light on this ?

Also What do you think may take the nifty to 5600 levels since we do not expect any good news from around the globe Inflation is high. RBI is likely to tighten the liquidity, stimulus packages are likely to be withdrawn.

Regards
Raghav

Dear,
I don't know if you read that our Finance Minister has said that:

Statement of the day:
Exiting from the stimulus packages now may not be the correct approach
because if the world economy collapses, the depression would be deeper.
I am not hinting at anything.
- Indias Finance Minister Pranab Mukherjee
Source: HSBC Invest Direct.

 

[Raghavacc]

Dear,
I don't know if you read that our Finance Minister has said that:

Statement of the day:
Exiting from the stimulus packages now may not be the correct approach
because if the world economy collapses, the depression would be deeper.
I am not hinting at anything.
- Indias Finance Minister Pranab Mukherjee
Source: HSBC Invest Direct.

Very simple,

Its like subsidy. Continuation of stimulus packages will further weakens economy.Its nothing but post phoning the disaster.How long can a patient be kept on artificial breath?

We need to remember one saying : "Decease comes in running and goes back crawling"

Regards
Raghav

 

[SREENAN]

Abhi
WISH YOU A VERY PROSPEROUS AND HAPPY 2010.......MAY YOU BE BLESSED AS ALWAYS
SREENAN