Random thoughts on technical analysis

[orderflow13]

NIFTY FOR MONDAY 8/9/08

I dont think nsg matter will change our gdp rate from 7 to 11 in next six months,i dont think nsg outcome help our falling trade deficit,in short it does not have any short term effects.well get to know this doesnt need any rocket science,almost anyone in market can tell,but there was fear of early elections,now that danger isnt there,what market reacted on Friday was amazing,i mean ok there r now early elections,whats the heck man? anyhow we will undergo general elections,as regular election period is fast approaching.Everything was just a street reaction,there weren't any greater participation from biggies in last 2 days. i am expecting a flat close today,under lack of any trigger market will yo yo here n there for the benefit of brokers,at maximum i expect nifty may make 4435-4445 high,if so i will short call of 4500 with s/l 4465,if 4465 crosses i will cover my call with loss and will write put of 4300.By now i wd have been convince that market is in bullish zone.

p.s.even nifty close around 4405,i will cover my calls,it can turn the chart in bullish territory.

probability - 60 % = Nifty close 4355
30 % = Nifty close 4405
20 % = Nifty close 4465

 

[vvvv]

why so much hype & thinking buddy???
head & shoulders in the making on nifty...so wht if we open a gap up...still nifty is bearish

 

[Czar]

the only bullish thing I can see from your post is the 20/50, but all could change within the next 10 hours so lets stop speculating & sleep else you will again blame the dear trade load...

 

[orderflow13]

why so much hype & thinking buddy???
head & shoulders in the making on nifty...so wht if we open a gap up...still nifty is bearish

thanks for mentioning it mate , i noted it on fridays post ,
http://www.traderji.com/derivatives/18953-nifty-futures-trading-1298.html

p.s. its my brain back tracking system just kidding

 

[praveen taneja]

wakeup man u r still sleeping n mkt abou t to start

 

[Czar]

Praveen he usually does not follow the Indian Sun, dont worry he will come when he smells the 200 nifty points...

 

[Czar]

Ya Alex Indswift is a medium term bet, thus a buy for me on weekly basis...

RPL: True thus only a break of 147 & we take a bite...

&and i remember dessending trangle with downtrend means bearishness? - ya correct...

S&P: similar with other countries has broken down from 1260 which I had mentioned in my nifty thread was crucial, now should come & test that break...

Rest coming back... thanks

So they need to bail out Freddy & fanny just to test a breakdown point its easy in India I guess than USA

 

[orderflow13]

So they need to bail out Freddy & fanny just to test a breakdown point its easy in India I guess than USA

money is the boss ..did u write the 4500 call?

 

[praveen taneja]

write mean buy or sell????????????????????

 

[orderflow13]

write mean sell.... but dont trade now, its applicable if nifty goes to 4535 - 4545