Sensex

Sunday, November 29, 2009

Re: [Technical-Investor] nifty_my view

 

Hi Friends
 
I think the govt wants the markets up because it requires money urgently. And for that it intends to offload psu scrips in the market at the earliest.
 
Having said the above it is not all that easy nowadays even for governments on its own to do much with the markets - except for in the short term.
 
Especially in Indian markets there is a lot of FII's playing a major role.
 
In the short term the PCN's/PNC's would be the only way the govt can indulge in helping the outside funds to enter and move the markets up with ease.
 
If any other route taken then macro economics would come into play.
 
As trend traders we just follow the trend and let the markets take us out at our stop losses.
 
Trade Well
Regards
Floyd

--- On Mon, 11/30/09, PRS PTL <galaxypvhd69@yahoo.co.in> wrote:

From: PRS PTL <galaxypvhd69@yahoo.co.in>
Subject: Re: [Technical-Investor] nifty_my view
To: Technical-Investor@yahoogroups.com
Date: Monday, November 30, 2009, 12:43 AM

 
or it's way to give room to hot shots to save neck and/or shorting at higher level?

From: kk s <kumar40@hotmail. com>
To: technical-investor@ yahoogroups. com
Sent: Mon, 30 November, 2009 11:05:04 AM
Subject: RE: [Technical-Investor ] nifty_my view

 
the govt wants the market up????

 
To: Technical-Investor@ yahoogroups. com
From: bctbalaji@gmail. com
Date: Mon, 30 Nov 2009 11:00:41 +0530
Subject: Re: [Technical-Investor ] nifty_my view

 
GDP 7.9% VS 6.1%

5100-5116 Nifty coming today only???? Surprise WAITING....

Rgds/Balaji




On Mon, Nov 30, 2009 at 10:39 AM, FLOYD JOHNY LEWIS <fjl24@yahoo. com> wrote:


Hi Balaji
 
Was carrying overnight positions from Friday - traded only one side i.e. the +positive side on friday after watching the RSI oversold positions on the higher time frames at 1.30 pm
 
Have exited a major chunk of my Nifty Futures based on by stop loss of 5005 i.e. a cool 165 points profits since Friday - this was based on my RR ratio of 3:1 as the same exceeded 5:1 today morning booked partial profits.
 
Having some other holdings too on Nifty and other cash scrips which am presently carrying forward - lets wait and watch how the day ends.
 
Hats off to your predictions my friend am closing following you posts.
 
Trade Well
Regards
Floyd

--- On Sun, 11/29/09, BALAJI Jayaraman <bctbalaji@gmail. com> wrote:

From: BALAJI Jayaraman <bctbalaji@gmail. com>

Subject: Re: [Technical-Investor ] nifty_my view
To: Technical-Investor@ yahoogroups. com
Date: Sunday, November 29, 2009, 11:36 PM


 
As expected --- Nifty opened exactly near Fridays closing @ 4942.25, crossed Fridays High of 5005 and touched even 5028. Nifty has done 1.65% approx till now. Open & Low today also is same as expected.

It shud sustain the gains now and hold days lows.

Lets see if we can make surprise thing:  Surprise will be - BIG Intraday high on Nifty can be made - above
Thursdays high of  5116.45. which means gains of 150+ pts for Nifty, approx

Rgds/Balaji






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