Holding of 5100/5150 is important, for an immediate rally, if we break downside is pending... All world markets are in sync & having very similar pattern, waiting for some major event I guess (dont tell me its for the Indian budget, lol). People say all Asian markets were good, why we went down or something similar but if we observe all market are having a broader same moment, If we rise more on a particular day we fall more & if we dont rise like other markets we fall less, all moves are compensated. A break above 5545 is required to sooth all bull nerves. Till then we are indecisive.
A few reasons why I think 4900 / 5000 Nifty will be tested are that We need to test the falling trend line from the top, which is around those levels & also the 200 DMA + 1 down wave is pending (which seems to have begun), Also the gap may be covered at those levels which we made in this upmove, so 3 in 1 reasons. Now in this down leg if we dont break 4800, then we surely have the POWER on, but if we do, bottom is far away.
My views is the way we are making gaps on the falls, we would have a very fast upmove to 5700 / 6000 levels, but please protect your finances first, "To run away & fight another day is better than To die fighting"
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13 comments:
arre bhai,
seeing gap downs,we wont be far away from running away from mkts..LOL
and our mkts really miss retailers...pls desperately pray to god to bring Retailers back :)
sorry my friend, retailers will only come in the last 1/4th part of the rally, so expect them around 19.5k if & when it arrives... Regarding gap down we will surely cover today gap down fast say 5245 nifty future... gaps are giving me confidence that 1 upswing is there...
helllloooooo....anybody there?...i m alone.
arre bhai.... see bulls are back... we need bears also...LOL...
ither hi hai sirji, 3 day small vacation... we are not out of woods yet, need to sustain above 5370... & then fill the gap... & any break below yesterday's low will be doomsday, not a convincing rally yesterday only RIL was used
funny thing is yesterday sensex filled the downside gap, but nifty gap was at 4950, so it dint fill
sirji,wat do u say now,would now nifty will go and fill that gap...
sirji,mere ko bahut tension ho raha hai...
my mind is saying 4800 and excel is saying 5400 will come first...hope is excel is correct..
true sir both are possible, but its settlement week & budget overhang so any direction will be taken during the budget & it will be a big move... today we need to close above 5150, are you futures or delivery ?
we are still in the triangle still with very little leeway now, yesterday was a bull trap & gave a false breakout in the morning...
i m into options segment.
for options I think a wide spread would do wonders, puts for 4500 & calls for 5900/6k ? but try getting into april from now only...
sirji,we cant say wat will happen tomorrow,u r saying to buy next months(expensive!!) options...tussi gr8 ho..LOL...
by the way..ur friend HLN is predicting Nifty 4450 by 18 march'08 and then 3600!!!...
wats your opinion on that?...ROFL
next month option will cost me
4600PE=120 premium X 50= 6000
5700CE=100 X 50= 5000
total outflow=11,000!!!
this month=
4600PE= 60*50= 3000
5500CE= 80*50= 4000
total outflow..7000!!
which one is better!! sirji tell tell...
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