Hi,
First Thanks to all my readers of my diary that i didn't knew that i would get so much response thanks to all again. I request people to post genuine technical assessment of my posts as it would be good for all other readers to understand it ...
In Friday's review its abv & below 4828 instead of sbv it was a mistake
As told in Friday's review there was free fall in Nifty after it took the supports & again after coming back & as told above 4828 it was a fast rise Aban was truly a stock of the day,,,,,Banks did both ways movement as told underdogs to surprise....
Now for Monday,s Trading Day Range to be big as supports shifting lower as told in my earlier post too 4740 -4760-4810-4835 & upper targets 4900-4920-4925-4940 above that 4960 would come into place 4960 will trigger more upmove for 1-2 days which will decide trend if any is building ... I expect genuine technical comments so all readers can decide & get benefit.....
Sunday, January 31, 2010
Friday, January 29, 2010
Friday Morning Trade
Nifty as usaual on downside but took very crucial support at cash below my my support price aban to be stock of the day but there again could be intraday bounce in nifty & underdogs banks can be surprise us on both sides upper side tgts remain for 1-2 days .......
Friday,s view
As written earlier today nifty took resistance at 4925 & support came in as expected at lower levels near 4820 levels where we again began uptrend but now 4912-4925-4935 will act as resistances for near term but supports are also shifting lower by the day 4810-4835 region will again act as supports we will either take one of them to create 1-2 days trend volatility to rule credit policy will have its impact on interest rate sensitives ......... its my personal view for my personal diary record
Thursday, January 28, 2010
Thursday trading day
As expected by me we faced resistence at 4925 feb fut high was 4927.8 so we again collapsed from that level but now as told earlier expiry would be wild & volatile we did that too .. levels i would be posting in my night session but as i think again some head resistences would face us we are still not out of woods but bounce expectations & tommorow R.B.I policy would decide further trend...
Shan
Shan
Wednesday, January 27, 2010
Hi again
Dont assume that writing above my medium term nifty tgt has reached its still on & still on down side as there was big bull run for indian equities from november 2008 to january 2010 but this is medium term target & downside will bring new upside too for long term buyers ......................
Trading day of tuesday
Hi,
As i had written earlier in day today that i expected there was bounce till that we can see some bounce ,,,,,,,,,,,,,bounce came too at 10.12 am nifty touched 4959.15 the level given in my post was 4960 on saturday brk up of that will give pressure & it gave pressuree too bulls made attempt to recover there pride but failed bears were heavy on them from now on as tommorow is expiry & bear seemed to give no indication of giving up there upper hand the volatility will rise more & as all indicators are in oversold zone there can be periodic bounces attempt they can be termed as dead cat bounce,,,,,,,,,,my levels to watch for is 4925-& 5020 if for 2- 3 days we suatain above 5020 i may say that some selling pressure eased. This my diary & way to keep track of my readings i am in no way telling people to trade on my views i only do this for academic purpose.
have a happy day.
As i had written earlier in day today that i expected there was bounce till that we can see some bounce ,,,,,,,,,,,,,bounce came too at 10.12 am nifty touched 4959.15 the level given in my post was 4960 on saturday brk up of that will give pressure & it gave pressuree too bulls made attempt to recover there pride but failed bears were heavy on them from now on as tommorow is expiry & bear seemed to give no indication of giving up there upper hand the volatility will rise more & as all indicators are in oversold zone there can be periodic bounces attempt they can be termed as dead cat bounce,,,,,,,,,,my levels to watch for is 4925-& 5020 if for 2- 3 days we suatain above 5020 i may say that some selling pressure eased. This my diary & way to keep track of my readings i am in no way telling people to trade on my views i only do this for academic purpose.
have a happy day.
Hi to all
As i was busy with some personal work could not post the views of monday trades as i had told 4960 wuld be big place for longs but as it is a big gap dwn longs would favour for intra & tommorow but one should be carefull with longs .
I would post at night. these are my views i do not want anybody to take positions on my view
happy day for all.
I would post at night. these are my views i do not want anybody to take positions on my view
happy day for all.
Saturday, January 23, 2010
Bear grip for nifty has it arrived
Dear Readers,
Sharing my personal views any break below 4960 of nifty on closing basis can set the targets much lower than people think about ................. i have set a target for myself on the nifty & in possible times it can or may not come but as downtrend is viscious so wuld the move from the down trend too wuld be vicious. It all depends on the coming days please be careful on both sides as volatilty will rise very much & we can get caught in that volatilty. People should not trade on my views . i am only sharing what i feel .
written on saturday 23-01-2010
Sharing my personal views any break below 4960 of nifty on closing basis can set the targets much lower than people think about ................. i have set a target for myself on the nifty & in possible times it can or may not come but as downtrend is viscious so wuld the move from the down trend too wuld be vicious. It all depends on the coming days please be careful on both sides as volatilty will rise very much & we can get caught in that volatilty. People should not trade on my views . i am only sharing what i feel .
written on saturday 23-01-2010
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