Monday, June 9, 2014

Nifty, in uncharted zone, makes more gains...(inching up)


9 comments:

POWERTRADE said...

@All -------------- May be vague and u may think i am a perennial bear --------- but book profits tomorrow morning immediately as now we may witness selling till 7350 - 7320 ---- and may be even 7229 again --- this is just my opinion ---- lest the decision is yours !!

shriram said...

Nice PT.. jus 1 Q... pl mention the TA logic to back the view. Rgds

Prana Swaminathan said...

PT may be right. Look at the chart - 5D at 95.9, 14D at 94.6. At these levels up side is limited. Max 7700. Mkt may fall by EOD, if not earlier .

CDG said...

14D and 5D have sustained 99 for couple of days with huge gains in the past. check the historical sheet for confirmation. Ilango made a clear note earlier that during strong trending times (such as a 3rd similar to this one) indicators are not as reliable as they are in sideways market

Pattern Trading said...

Good evening master and all blog amtes

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ankita said...

I think week month will come above 90. Then only correction may happen in month.

Sujatha said...

PT - 7229??????????? balance who will give????

raman said...

By age and temperament I am tending to go with bears and this has proved to be not so profitable at all, excepting small gains, very small indeed, on manipulations of put sold positions. Inspite of all that I am still short on call option with 7500 strike and keep telling myself "it cannot be up and up and up all the time!" . Habits are hard to break, really, in spite of all the clarity available for just picking !

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