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A good counter move today to the bu(r)st on Friday.
All the pivots played out except for the last 3155.
The next steps on the up wud be 3155-3169-3185-3197 and then to take out the intermediate high of 3201.
The downside levels remain same as 3127-3115-3104-3085.
However caution needs to be exercised as today's move was on very low volumes infact lower than last week's low(when the deluge hit Mumbai).
The Dow (or the Cow as reffered by some
)effect was notwithstanding on our markets.Perhaps as a vindication of my contention that when this intermediate term movement ends we will be independent of the Dow(or the cow).
Seniors pls correct me if i am wrong.And any help will be greatly appreciated.
Regards.
Amit.
All the pivots played out except for the last 3155.
The next steps on the up wud be 3155-3169-3185-3197 and then to take out the intermediate high of 3201.
The downside levels remain same as 3127-3115-3104-3085.
However caution needs to be exercised as today's move was on very low volumes infact lower than last week's low(when the deluge hit Mumbai).
The Dow (or the Cow as reffered by some
)effect was notwithstanding on our markets.Perhaps as a vindication of my contention that when this intermediate term movement ends we will be independent of the Dow(or the cow).Seniors pls correct me if i am wrong.And any help will be greatly appreciated.
Regards.
Amit.
Hi,
Todays close makes it very interesting tomorrow,because its sitting on an edge where even a 5 point slippage cud sent it tumbling down and to hold the upside it needs a gapup of 15 points.According to me of course.The initial 15 mins cud decide the trend for the day and for the coming weeks.
As the market waits with baited breath for Infosys numbers the risk reward is skewed in favour of risks.
17th July is one date which i will look forward to in the coming week.
And still i am not getting any responses guys c'mon write anything(a gaali or even a song will do )
*These are just observations and no trading calls.These are just for academic purpose.
Todays close makes it very interesting tomorrow,because its sitting on an edge where even a 5 point slippage cud sent it tumbling down and to hold the upside it needs a gapup of 15 points.According to me of course.The initial 15 mins cud decide the trend for the day and for the coming weeks.
As the market waits with baited breath for Infosys numbers the risk reward is skewed in favour of risks.
17th July is one date which i will look forward to in the coming week.
And still i am not getting any responses guys c'mon write anything(a gaali or even a song will do
)*These are just observations and no trading calls.These are just for academic purpose.
amitt29 said:
Hi,
Todays close makes it very interesting tomorrow,because its sitting on an edge where even a 5 point slippage cud sent it tumbling down and to hold the upside it needs a gapup of 15 points.According to me of course.The initial 15 mins cud decide the trend for the day and for the coming weeks.
As the market waits with baited breath for Infosys numbers the risk reward is skewed in favour of risks.
17th July is one date which i will look forward to in the coming week.
And still i am not getting any responses guys c'mon write anything(a gaali or even a song will do )
*These are just observations and no trading calls.These are just for academic purpose.
Todays close makes it very interesting tomorrow,because its sitting on an edge where even a 5 point slippage cud sent it tumbling down and to hold the upside it needs a gapup of 15 points.According to me of course.The initial 15 mins cud decide the trend for the day and for the coming weeks.
As the market waits with baited breath for Infosys numbers the risk reward is skewed in favour of risks.
17th July is one date which i will look forward to in the coming week.
And still i am not getting any responses guys c'mon write anything(a gaali or even a song will do
)*These are just observations and no trading calls.These are just for academic purpose.
Best Regards,
--Ashish
Hi,Ashish
at the time when i posted I had no inkling of the blasts.But that wont be a factor i believe if we dont have an aftermath.The reaction to action.I am sad with this development though because the blast didnt discriminate between people.And now if an aftermath happens it will discriminate.
Regards
Amit.
at the time when i posted I had no inkling of the blasts.But that wont be a factor i believe if we dont have an aftermath.The reaction to action.I am sad with this development though because the blast didnt discriminate between people.And now if an aftermath happens it will discriminate.
Regards
Amit.
Hi,Ashish
Do u think God will come to deliver us from the evils or to kill the ppl.How can he come we will achieve salvation/mukti if he does that or for that matter any body else.
He has blessed us with the best thing that he cud ever had,the ability to think.That is something that he has too albeit a much wider perspective,what with then his creativity.
Its our own perception that is distorted.I cant help but draw an analogy with the stock markets,its the same perception same ppl become bulls and bears.Optimistic and pessimistic.
Hope I made some sense or Sense(x)
Warm regards
Amit.
Do u think God will come to deliver us from the evils or to kill the ppl.How can he come we will achieve salvation/mukti if he does that or for that matter any body else.
He has blessed us with the best thing that he cud ever had,the ability to think.That is something that he has too albeit a much wider perspective,what with then his creativity.
Its our own perception that is distorted.I cant help but draw an analogy with the stock markets,its the same perception same ppl become bulls and bears.Optimistic and pessimistic.
Hope I made some sense or Sense(x)
Warm regards
Amit.
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