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[babubm]

these levels are for spot or futures?

 

[amitt29]

these levels are for spot or futures?

Hi babubm,
Its based on spot.Read earlier post(3-4 posts back)
Regards
Amit

 

[babubm]

thanks amit babubm

 

[jraj]

Hi Amit

What happened to this thread?Can this thread be resurrected for the benefit of us all?

For a start,what is your opinion on the markets?Any more upside from here?At what point should we stay out of long positions?Plz clarify.

Jay Raj

 

[Dev Mookerji]

Amit da,
first time ami dekhlam je tomar ekta thread chilo.

why donn u start posting in ur threads?

regards
dev

 

[Saint]

Amit da,
first time ami dekhlam je tomar ekta thread chilo.

why donn u start posting in ur threads?

regards
dev

Agreed with Dev(the English part that is.. and Jay Raj............would be great to have this thread up and running again!

Looking fwd to it!

Saint

 

[amitt29]

http://www.traderji.com/103417-post33.html

This thread wud lose its relevance among the various calls given here.
Thanks Dev and Jraj.
Saint,i wud start posting,was getting occupied in trading.

Well now for the Dowjones and other markets and our markets reacting.

I actually see support coming in on Sensex at 15300.Must not close below that.On Nifty the corresponding level would be 4560-4534 and if push comes to shove then 4500.Expect major support to come there.I actually do not see nifty breaking 4460.

Based on your favourite indicators,u can enter or exit.Will update as and when markets permit.

One word of caution,the longterm uptrend will be in danger if it trades negative for 3 consecutive days.

 

[amitt29]

This is not looking good at the moment.Real Danger of threatening lots of important trendlines.

4430 is going to be important.

 

[Saint]

This is not looking good at the moment.Real Danger of threatening lots of important trendlines.

4430 is going to be important.

Great to have you back in action,my friend!!

Saint

 

[amitt29]

Ok,
a vicious fall,which seemed to test the patience and panic of all.Is it the end,not quite for both the fall and the after effects.

It is important for Nifty to hold its own above 4480 and give a close above that for a march towards new highs again.
I had mentioned 4430 to be crucial,it was held by the skin of its teeth.In markets such as these we allow for some leeways,shortterm momentum is quite oversold.