The Nifty Trading Lounge

[Taurus1]

Today a temporary low is likely, to be revisited in a few days.

 

[Taurus1]

One more fast down move is in the pipeline......... but most of the downside is over.

Entry for bulllsss possible next week, daytraders only for the time being.

 

[Taurus1]

The BN enters an acceleration zone tomorrow.

Fast moves on both sides.

 

[Taurus1]

US markets in bad shape, can go either way.

Any chance of a

 

[Taurus1]

Nasdaq down - 1.67%

 

[Taurus1]

One more fast down move is in the pipeline......... but most of the downside is over.

The BN enters an acceleration zone tomorrow.

 

[Taurus1]

What are the 63 looking at ?

 

[Taurus1]

Bearish forecast: Rupee at 65, market rally to fizzle out
http://economictimes.indiatimes.com...-rally-to-fizzle-out/articleshow/21842016.cms

The Sensex may have rallied more than 570 points in the last three trading sessions, but market fundamentals are not bullish, say analysts.

The last time when the rupee was at 61, they said it would go to 70. :rofl:
That day was the exact bottom for the rupee. :rofl:
It can happen again.

Maybe Economic times and Business times can start a jokes section for the analysts to post their analysis. :thumb:
Something like this -- Chinese zoo under fire for disguising hairy dog as lion
http://www.deccanherald.com/content/351346/chinese-zoo-fire-disguising-hairy.html

 

[Taurus1]

Bear market rally here to stay, IT best bet: Experts
http://economictimes.indiatimes.com...-it-best-bet-experts/articleshow/21856347.cms

"For the near term, maybe over the next one month or say one quarter, India would continue to underperform," said Manishi Raychaudhuri, MD & HoR, BNP Paribas Securities.

Ashwani Gujral, Fund Manager, is short on the market and waiting for lower levels. "The buying strength that we are seeing at 5,500 is getting sapped," he says, adding that traders should go for defensives and export-linked stocks like IT and pharmaceuticals, as they are likely to benefit from a depreciating rupee.

Time for bulllsss is very near

 

[Taurus1]

One more fast down move is in the pipeline......... but most of the downside is over.

Entry for bulllsss possible next week, daytraders only for the time being.

The low for this move is on 20th Aug, +/- 1 day. Possible retest on the 22nd Aug.

I have started buying, Sl at 5320