Swing Trading for Nifty Futures
- Thread starter kthakker0
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31/05/2012 Thursday
Hi all,
Yes 4922 was indeed held yesterday as DMK had made a U turn in regards to his comments.
Pranab had till now had blamed every body like Europe n USA problems, high oil prices, Inflation etc for lower growth even our PM joined the bandwagon and blamed coalition partners for Congress inability to do any thing in the name of growth.
But they never accepted that deep rooted corruption was the main cause which has dented not only Congress but India's reputation as well.
Now the whole world knows that Congress is loosing it's grip with each passing day, this was evident when Hillary Clinton visited Mamata Banerjee and then our so called honorable PM
Today's GDP growth figures has stripped even the last fiber from Congress and Congress now stands naked in front of every one, now whom will Pranab blame.
Inspite of the dismal GDP growth figures market is kept up artificially for know reasons, (perhaps last day of series) but for how long can any one prop the market.
The market has no reason to rally and certainly not with our 5.6% GDP even if it does rally artificially how much will it rally and who will participate in this so called rally.
So the only thing left is "Down South" and with our levels firmly in place we are fortunate enough to earn in any give situation.
A gap down opening below 4922 has clearly indicated that market is in no mood to rally and the breaching of 4983 has set my next target at 4844 with intraday support at 4962
4922 as my tight stop loss in case market rallies but even in this rally I'll the seller.
Whenever market are propped up artificially it creates tension and then this tension is released thru a spring effect.
Bye
Hi all,
Yes 4922 was indeed held yesterday as DMK had made a U turn in regards to his comments.
Pranab had till now had blamed every body like Europe n USA problems, high oil prices, Inflation etc for lower growth even our PM joined the bandwagon and blamed coalition partners for Congress inability to do any thing in the name of growth.
But they never accepted that deep rooted corruption was the main cause which has dented not only Congress but India's reputation as well.
Now the whole world knows that Congress is loosing it's grip with each passing day, this was evident when Hillary Clinton visited Mamata Banerjee and then our so called honorable PM
Today's GDP growth figures has stripped even the last fiber from Congress and Congress now stands naked in front of every one, now whom will Pranab blame.
Inspite of the dismal GDP growth figures market is kept up artificially for know reasons, (perhaps last day of series) but for how long can any one prop the market.
The market has no reason to rally and certainly not with our 5.6% GDP even if it does rally artificially how much will it rally and who will participate in this so called rally.
So the only thing left is "Down South" and with our levels firmly in place we are fortunate enough to earn in any give situation.
A gap down opening below 4922 has clearly indicated that market is in no mood to rally and the breaching of 4983 has set my next target at 4844 with intraday support at 4962
4922 as my tight stop loss in case market rallies but even in this rally I'll the seller.
Whenever market are propped up artificially it creates tension and then this tension is released thru a spring effect.
Bye
01/06/2012 Friday
Hi all,
CP below 4922 confirm that selling was the demand of yesterday.
The gap down opening is our spring effect.
Yesterday was the last day to square off all the shorts in the system which could have propped up the prices else who buys on the last day?
Once a particular level is breached (e.g 4883) as per the trend we know which position to take (Short) and when (4922). This knowledge to initiate a trade at a particular level and at a given time is what differentiates winner from all others.
As our main aim is to "Earn in all market conditions"
4922 was indeed our target to initiate a short position tomorrow and those who had done the same would be laughing their way to their banks today with at least 50 points in their pocket. 4862 has proved to be the intraday level.
4844
Target achieved, square off the shorts at 4838 and take home the profit.
Bye
Hi all,
CP below 4922 confirm that selling was the demand of yesterday.
The gap down opening is our spring effect.
Yesterday was the last day to square off all the shorts in the system which could have propped up the prices else who buys on the last day?
Once a particular level is breached (e.g 4883) as per the trend we know which position to take (Short) and when (4922). This knowledge to initiate a trade at a particular level and at a given time is what differentiates winner from all others.
As our main aim is to "Earn in all market conditions"
4922 was indeed our target to initiate a short position tomorrow and those who had done the same would be laughing their way to their banks today with at least 50 points in their pocket. 4862 has proved to be the intraday level.
4844
Target achieved, square off the shorts at 4838 and take home the profit.
Bye
Last edited:
04/06/2012 Monday
Hi all,
By now we all know that Indian market is going to fall not only due to world markets but also due to non functioning of our gov, lower GDP, high inflation, GAAR which compelled FII to sell on every rally, lower participation thru P Notes, lower chances of interest rates been reduced and many other negative reason not known to public at large.
On 18/05/2012 I had written (when NF was trading at 4767) that for any meaning full rally to happen NF has to trade below 4735 NF did not trade at or below those levels then but I think it will now as I can only forecast levels but not TIME as to when market will trade at those levels.
My NF target is between 4688-4610 before any meaning full rally takes place.
We have to see where does the market bottoms out, as that bottom will be tested multiple times before the market can consider it as a foundation for rally.
Hi all,
By now we all know that Indian market is going to fall not only due to world markets but also due to non functioning of our gov, lower GDP, high inflation, GAAR which compelled FII to sell on every rally, lower participation thru P Notes, lower chances of interest rates been reduced and many other negative reason not known to public at large.
On 18/05/2012 I had written (when NF was trading at 4767) that for any meaning full rally to happen NF has to trade below 4735 NF did not trade at or below those levels then but I think it will now as I can only forecast levels but not TIME as to when market will trade at those levels.
My NF target is between 4688-4610 before any meaning full rally takes place.
We have to see where does the market bottoms out, as that bottom will be tested multiple times before the market can consider it as a foundation for rally.
Stop spreading false information , the people of india want congress in power and hence the people of india deserve the govt that is in power..no point in crying about it...
The people of india have always favored congress right from the beginning of independence....and even after 100 years ..congress will still be in power..history repeats itself...
I do not support congress or the bjp...I m just stating the facts..
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