Time To Stick My Neck Out "Nifty 5000"

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uasish

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#21
#21
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uasish

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#24
#24
Hi,
Nifty may go to 4400 or 3000 ,the point is people whose money is stuck has to take a call.The attached chart depicts that where Nifty had taken support & the support area.Plz look at the following statistics :
Nifty Fut (near month) High to Low
4239.95 to 3515.00 = 724.95 points ,
Low to High
3515 to 3780 = 265.00
Hence of the earlier fall corrected upwardly 36.55 %
Nifty Fut falling from 36.55 % level.
So now we know this upward movement has already faced a resistance at 36.55 % level,does this mean oh God it will fall & fall so let me book my holding losses here ?That is the reason i have attached this chart today ,only to know before hand what are my 2 Support lines. Wave count is subjective in nature.I may be wrong,many a time i was wrong in the past.
In that chart of spot Nifty 3685.30 is where the trendline would be in Monday.( Fut fib = 3637.60) .So now i am mentally prepered for the SL zone of my Fut holding (whose cost now is 3529).(In my entire trading life i have seen many amazing marketman; as infants feed from other peoples's hand i was also feed by these men but now as a toddler i want to eat with my own hands.)Thks for sharing your views.

Asish
 
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R

renu daga

Well-Known Member
#25
#25
hi
ashsih da,,
i dont know,,hearing this is giving damn support to the investoer and traders,,,'but hearing is not enough,,,just like dreaming is not enough,,,we all hope it comes out..
but before that many technicals are all in view that nifty shall show 3420 levels,,,,,just check ones,,,,the fibanacci and gann levls both are supporting this,,,beyond,,,this level we dont want to look further...what support levels u ahve drawn,,,it sok,,,but look at some major levls,,and the weekly and monthly chart too
renu
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U

uasish

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#26
#26
Hi,
Now haven't you started to doubt about 4400 - 4500 .Sorry if you have missed this oppurtunity to avg ,atleast now all my holdings are about to be in breakeven zone(after averaging from much below level's) & today or tommorrow will light 50% to sleep comfortably.This is the reason why i eat from my own hands only.

Asish
 
U

uasish

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#27
#27
Hi,
Those who did not belived,can wait becoz mkt is going to correct for them to enter.But at that time again all TA will pounce to say BEAR MKT ,be stock specific & belive on your TA only.

Cheers
Asish
 
U

uasish

Guest
#28
#28
BEWARE
Hi,

Yesterday was an Inside Day ,with a "shooting star"=Bearish formation ,though it can
be interpreted as "inverted hammer"= (Bullish) & in weekly it is "Engulphing Bull"
in an uptrend = Bearish,so there is going to be a really tough deciding day today.

Out Come of Bearish Implication:
In my Nifty Fut" chart in the earlier link plz mark the following.
From "B" to "C" .382= 3773.37 .If "a" has completed at 3780 on 9th Feb then the "b"
which is unfolding has a Tgt of 3359.20 in Nifty Fut.
If 3780 is not taken out today by Nifty Fut may fall further.
Spot Supp : 3652 / 3614.

So 3359.20 will be the level to open Nifty Fut Long again.

What i will do :
At 3750 spot Nifty i will start liquidating all my profitable (except Balarampur chinni) & marginal loss all positions ,if goes up will re-enter tommorrow or afterwards.And for Loss making holdings will put a mental SL at 3670 level.

In my earlier Link "Nifty Chart" the support line is at 3670.60 .

Asish
 
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