The Nifty Trading Lounge

[Taurus1]

Trade long in the market: Ashwani Gujral
http://economictimes.indiatimes.com...arket-ashwani-gujral/articleshow/12056482.cms

Stay short in trade, but keep tight trailing stops: Deepak Mohoni
http://economictimes.indiatimes.com...-stops-deepak-mohoni/articleshow/12053474.cms

 

[CASPER]

' '

 

[4xpipcounter]

Oh when the Saint comes marching in,
Oh when the Saint comes marching in,
Lord, I want to be in that number,
When the Saint comes marching in.

Saint, where have you been!?
Anyway, good to hear from you!

Couldn't resist the Thanks ...... your sense of humour :thumb::lol:

 

[4xpipcounter]

"The minimum correction is the point of the weekly TL break at circa 5320. The daily is showing a potential drop to 5275, which is the point the weekly TL and daily kijun meet. The WS2 is 5378, so it indicates this correction should take us into the following week to complete."

Blitzz, not everyone was surprised.

No Posts Today?
Looks like market has surprised everyone

 

[reachjesal]

But Paul (correct me if am wrong) you later mentioned that you were looking for an up correction to circa 5520-5540 ? No taking away from you calling the top when nifty touched the weekly bottom cloud

So now that we have 5275...are we done with the downward trajectory for the time being and heading to circa points or still some room left on the downside?

thanks

"The minimum correction is the point of the weekly TL break at circa 5320. The daily is showing a potential drop to 5275, which is the point the weekly TL and daily kijun meet. The WS2 is 5378, so it indicates this correction should take us into the following week to complete."

Blitzz, not everyone was surprised.

 

[anayash]

"The minimum correction is the point of the weekly TL break at circa 5320. The daily is showing a potential drop to 5275, which is the point the weekly TL and daily kijun meet. The WS2 is 5378, so it indicates this correction should take us into the following week to complete."

Blitzz, not everyone was surprised.

Although the correction didn't take us into the following week to complete!

 

[4xpipcounter]

Corrections within the smaller picture don't necessarily have to take place. They are more of containment areas.

But Paul (correct me if am wrong) you later mentioned that you were looking for an up correction to circa 5520-5540 ? No taking away from you calling the top when nifty touched the weekly bottom cloud

So now that we have 5275...are we done with the downward trajectory for the time being and heading to circa points or still some room left on the downside?

thanks

 

[4xpipcounter]

Hang in there, Anayash. The correction back to the point of the TL break has been completed, but it does not mean the entire correction has been completed. It could go sideways before we get another drop, which will take us into next week.

Although the correction didn't take us into the following week to complete!

 

[CASPER]

I recall probably Last FEB when we had the Chat Room active ..,
ST mentioned " One of these days SAINT would be here ".....,
And People in the chat room Got excited...
Asking ST "This week " , Next ......

Now I think its been almost 365 days .....to Finally see him around ....

All right guys! Saints here!

 

[reachjesal]

So 5275 is just an containment..and it would depend on price action if it was a containment or a formidable level?

Corrections within the smaller picture don't necessarily have to take place. They are more of containment areas.