Trading with PT style

[praveen taneja]

PT,
the first resistence will be 4890 to 4900, as this was a major support in the down trend. Now the Support will become resistence. If this is cleared then the low of the last two days, 4915 will be the next resistence, then it will be 4933.

Bro you are talking with chart and I am talking with my eyes only as on day before yday 4935 stop mkt from going up so I chose that as cocrete evidence:thumb:

 

[praveen taneja]

Hi PT & all others

Which is the lowest Nifty level expected in coming days/months?
Pls share your views.

My tgt doe of 4850 given at 5328:clap:

 

[praveen taneja]

Next week Nifty 5250?? Or 4850?? Or Both??

Jai Ho

None of them as per me.
Market will take support at 5000 if falls further.
If goes up then resist at 5200-25.
Monday's close may be +/-20points. i.e. inbetween 5070 to 5115

East Or West Tukka Is Best Tgt Done

 

[praveen taneja]

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 20-May-2010 2158.57 2815.8 -657.23


DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 20-May-2010 1847.8 1126.65 721.15

 

[praveen taneja]

Please for god sake Do not sell your Portfolio In panic as there is nothing wrong in our countries Fundamentals Once Sentiment improve we would see Shower of money from all over world but If you are on Margin money then Allah Maalik

 

[vssoma]

dear praveen bhai,
i bought NF june, @4875, if i want to hedge, which one PE is better
tnx

 

[praveen taneja]

dear praveen bhai,
i bought NF june, @4875, if i want to hedge, which one PE is better
tnx

Pls read next post:thumb:

 

[praveen taneja]

Nowdays is probably that time of the year when market supports do not exist and resistance does not matter. Though our market, on a standalone basis,
doesnt have any issues barring inflation problem, we are still falling on global cues; reason being liquidity.

March 2009, most of the world indices made lows and depicted strong upward traction since then. At that point in time, your dollar index was at 89 levels and gold was trading around 930$/Oz.

In uncertain times, world moves towards safer assets like currency and if not paper currency then ancient currency Gold. Today too, we are seeing dollar index around 87 and gold near 1200$/Oz, but equity markets are far higher than their March 2009 lows. Either, $ and Gold should correct significantly or Equity markets.

I believe it should be equity markets; not to those lows but substantially from current levels, as dollar and gold may not correct due to debt and currency problems in Euro region.

Bounce-backs are due to short covering and falls are due to cash base selling and formation of short positions. Implied volatility of puts surged to 30.19% day before and has slightly cooled off, but may increase further as global cues are suggesting further downside. These signs are that of bearish market.

For May series on 20-May, we saw unwinding in 4800 put option for first time where most of the put writers are standing. This is not encouraging. Also June series, 4800 and 4700 put has started building decent positions which is more of buying in such times.

Metal stocks may continue their downward move and banking may also correct due to long unwinding first and then followed by formation of shorts. Its just matter of time that RIL will give way to correction if it closes below 980 levels.:clap::clap::clap:
Next tgt after 4850 is 4705:clap:

 

[praveen taneja]

Today is Maa Bagula Mukhi Ashtami aur Maa ko Bali pasand hai Today is Friday also lets see Bears aur Bulls kiski Bali chadti hai Jai Maa Bagula Mukhi:clap::clap::clap::clap:

 

[vssoma]

taneja bhai,
not yet observed, your new pic is excellent.
keep rocking....