well known market expert nikstrade has written on his facebook page-Nifty is Down 450 Points from Jan,,,Now everyone convinced 5300 5100 is coming,,Broking houses business @ all time low,,Retail Participation is Nil,,,This is ideal situation for sudden upward rally,,simple rule Market like surprises,,,[source-https://www.facebook.com/Nikstrade]i too feel that all is not that bad and my response to nikstrade is-i completely agree with you Face Profit. interestingly it is these very people who are talking of 4500 used to say @6000, buy every dip. india is a great story and also used to say that if ever you get a decent correct of ten percent. do not miss it. interestingly now no one has the guts to say like you are saying......this is the time to buy. now these tv channels are doing crystal ball thinking and are bringing big bears who are saying market is going to crash. why did they not have the guts to say that market is going to crash @6000.can someone tell me what has changed in the indian story that market will keep falling as if they have no base !
narrow range candle expecting arresting this down move tomorrow.
@ rajiv malik I will suggest you to find Bazaar Shatra show from YouTube.
@ amol sharma ji not clear as to why you are recommending it just to me. i think it is a great program should be watched by everyone. maybe you liked the monkey story which was recently told on bazaar shastra.
follow the trend ppl, trend is the key.
Namaste Ilango Sir & Blogmates, Bearish: No change of fortune for the Bulls though they were not butchered like last week. Consolation up-move is also not coming for them, but SMR above 22.8, so new shorts need to be cautious..: Option Analysis for 08-04-2013Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal
can it bounce from here-http://chartfeed.icharts.in/ShowChart.php?chartkey=e01a8e64cbdba0bf2e6169879a55bf4e&symbol=NIFTY&period=Weekly&log_chart=1&color_bars=1&chart_type=CANDLES&chart_size=900&period_type=P&pr_period=1Y&id_res=%20es&uind1=SMA&uind1_param=50&lind1=Vol&lind1_param=&lind2=RSI&lind2_param=14
Expect the unexpected, market gives lessons every now and then. Trader should be like Chameleon. Let's follow the market trend.
dear rajapvt,you said- Rajiv Malik ji, Expect the unexpected. Tomorrow a new day for the new number on Nifty. what would be this new number.....up or down is not clear !
Akka Good Evening.Mambala Season arambamaiduchu. Yenna saiya