The Nifty Trading Lounge

[Arsh]

The gap up came on time, but it looks like political factors are weighing on the Nifty. :annoyed:
Longs back in place, Sl 5650

"We could continue to underperform global markets if there is no political clarity."

The Sensex fell 0.48 percent, or 91.32 points, to 18,792.87, its lowest close since November 26, 2012.

Some key shares analysis:
http://in.reuters.com/article/2013/03/21/market-eye-indian-shares-up-recent-under-idINDEE92K04N20130321

 

[dineshN]

Doob gaya Taurus ... err Bull .. arrey Ek hi to hai .. Taurus (the Bull)

His Bear predictions have Divine power to come so precise but Bullish predictions are not YET up to the mark. I am sure he will check his system.

 

[Taurus1]

"We could continue to underperform global markets if there is no political clarity."

The political drama is mostly over unless Mulayam changes the equation.
Today's fall started after this
North Korea threatens to attack US bases in Okinawa, Guam

North Korea has threatened to target US airbases in Okinawa and Guam as it issued an air raid alert on Thursday and ordered its military to stand ready

http://rt.com/news/north-korea-air-raid-alert-568/

Edit: European markets dropped as soon as the news hit

 

[Taurus1]

Bullish predictions are not YET up to the mark. I am sure he will check his system.

Bears have got two fluke windfalls from the DMK on Tuesday, and N. Korea today.
If the DMK and N. Korea crisis didn't happen, where would the market be now??

US markets are down today despite yesterday's support from the Fed, for the same reason.

 

[timepass]

Bears have got two fluke windfalls from the DMK on Tuesday, and N. Korea today.
If the DMK and N. Korea crisis didn't happen, where would the market be now??

US markets are down today despite yesterday's support from the Fed, for the same reason.

So I suppose 21st and 22nd are turning the other way

 

[Taurus1]

Trend change for 22nd Mar
Low at 2:16 PM

 

[Taurus1]

Trend change for 25th Mar
High at 10:48 AM

Edit: Date typo fixed

 

[dineshN]

Trend change for 23rd Mar
High at 10:48 AM

25th Mar!

That means Nifty will drag down??

 

[Taurus1]

25th Mar!

That means Nifty will drag down??

No idea. There is a high at 10:48 AM, thats all.

 

[timepass]

No idea. There is a high at 10:48 AM, thats all.

What he means is that today is 25th of March, but you have predicted for 23rd..