Friday, May 21, 2010

NIfty closes below weekly Channel.


6 days to the Month. A close below 5105 will generate a Monthly Sell.
5 days to the week continuing the downtrend if a close below 5082.
5 days to the week giving a pause to the Down if closes above 5017.
Daily "Sell on rises" would be intact below 5020 Close.

22 comments:

Justin said...

hello sir or anyone

how can i receive messages posted in this blog to my email. normally there will be a option to Subscribe by email. how can i do that.

thanks

assortZ said...

raja,

write your comments in the box and select your profile in the box below and and when you ready to click "post comment" -you will get a link as "subscribe by mail" which is adjacent to "post comment" and "preview" tabs..if you get a error while posting..just copy comments then refresh page and paste it again in the box..done..you will get comments of that post in your mail box..

Justin said...

assortZ

thanks a lot. i was wondering for some days and thought some fault in the blog.
got it cleared otherwise i use to refresh it every minute.

thanks

R.GURUMURTHY said...

@all,
Sorry i am out of market from afternoon,
see you all on Monday

rochak parekh said...

sir, if we trade closer to 5015-20 monday 3-3.20 , wud u suggest me to go for MAY PE 4900, leverage quantity as i have missed the bus, from 5200 , and incurred a huge huge longs in my longs since from 5200, thanks answering

HariArani said...

FII's Net Sell = -1540.32 Cr
DII's Net Buy = + 816.92 Cr

San said...

Hai everyone

Nifty has formed a hammer and the descending broadening wedge is also still in place. But the reversal patterns will be valid only if we trade above 4980.

http://niftychartsandpatterns.blogspot.com/2010/05/nifty-daily-chart-with-hammer-and.html

thank you

manu said...

sir
now why dow , eu flling even the german
senate passed the rescue bill..

lazydude said...

Videshi is selling everyday. Bear market cometh.

Anonymous said...

4300 before 4th june 2010, and below 4000 before 14th June 2010.

Local said...

Just FYI ... Prechter saying "we're in for a long, long bear market":
http://tinyurl.com/2ccwy58

I think he means for the US - India is an emerging market and we're expected to zoom up at sometime unlike the older First World Mkts (That's not to say I won't regret holding my shorts if it shoots up on Mon.:)

Local said...

@manu,

This one's Bob Prechter on why 1 trillion can't save the euro. http://tinyurl.com/2cr6kgl

Unknown said...
This comment has been removed by the author.
Mr GG said...
This comment has been removed by the author.
devang said...

Dear sir,
I am go through weekly chart of Nifty. its weekly 50EMA is 4830 and Nifty's low is 4842.
so i think may be nifty bounce back in nifty.
so is it advisable to go long in nifty for a tgt of 5120 with Sl of 4800 for next week???

Admin said...

With all these DII buying inspite of huge FII sell-offs and +ve divergence in the hourly (and daily almost), I expect the index to be between 5000-5050 during the settlement. If this will be the case, Ilango sir, do you recommend closing the conservative shorts completely and re-enter @ higher levels?

Lalit said...

hello Lalit here joined blog today

Paresh said...

@lalit
what's the procedure to join? i want to join too.

Admin said...

Paresh, I guess Lalit did mean that from today, he has become a 'JustNifty'ian, like you and me and everyone else here :)

I don't think there is any signup option available O_O

Lalit said...

in 15 working day from 3rd may to 21 may FII sold 9908.07 cr in cash mkt.out of 15 days they were salers for 13 days

Lalit said...

can anyone help me to analyse FII fno data being posted on nse site daily it can give very good clue about fii activity of previous day in index future,, this data with TA can really help a lot

sanjeevs said...

assort,

I am not getting link "Subscribe by email". Please guide

Post a Comment

Retracement strategy, a must for traders.

 Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...