Time To Stick My Neck Out "Nifty 5000"

[Czar]

lol, I pray for further wrongness & achievement of nifty according to your topic (5k)

so many nifty threads cropping up with nifty just going one way, if we hit 5k your thread will be the Oscar winner

 

[uasish]

No Czar it will be closed then,however i am dizzy at Heights.

 

[Czar]

yup all traders feeling shortness of breath symptoms in this ultra bought rsi

 

[amitt29]

Hello Czarbhai,hows you doin?

 

[Czar]

great Amit, what's your call on nifty 5K ? Dow getting whipped today again...

 

[amitt29]

Lol
b4 5000 we had 4700 to contend with.Some shakeout will be there,no easy and free money.

 

[uasish]

So Nifty Fut again closed above 4600 on settlement day.

 

[uasish]

http://www.traderji.com/103990-post129.html

Think this is a compliment.

 

[uasish]

Czar,
Dow being down,4600 of Nifty Fut ,difficult to hold , Amit's level are to be watched ,Savant's level are good for to-day,i am not carrying any position than Intraday since Wednesday.
To-day if there is a correction then will be interesting to watch which succumbs 1st & which gives ground slowly.
Amit,
What does EW says,the wave positions.
Asish

NBidnt Read the charts is busy with a New application.

 

[uasish]

From yesterday's Nifty Fut 5min chart 1 thing is clear that from 2.55pm the vol Alert line is crossed & from 4592.80 closing the final days close was 4618.On Derivative settlement day who will buy in last 30 mins,(as last 30mins weighted avg is taken as settlement price),which the Longs would prefer to go up & Shorts anticipating trap will cover.
So yesterday's last lap Rally is infact a Bear Rally.
Going thru my levels my strategy would be :=
SL for Short = 4626.50
Entry if 4612 breached(a mkt order);( Here a risk of 15 points a/c'ing slippage)
crossing downward 4593 (will comfort);
4560.95 ( 1st covering point);
4596.80 (2nd covering point);