Monday, November 14, 2011

Market is Ready for a Huge Rally



Comments are there in the chart.
Posted by at 7:55 AM
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7 comments:

  1. If any one is initiating long as per recommended bet in today's post then it is better to wait for first 15 mins ORB and then buy. However above 5 day avg market will keep moving up as i expect this to be a new upwave start. 11/11/11 made the bottom to me.

    Prices i have mentioned are spot nifty prices in the comments.

    ReplyDelete

  2. I have recommended buy trade above 5245 . That is 5 day avg as of today. Now with today's closing if we assume same as last friday then 5 day avg will drop around 5220. so buying strategy is to buy at closing if market is above 5220. Play accordingly.

    Kind Regards,

    Nirav Shah

    ReplyDelete

  3. hi nirav..
    otherwise we see a fall?

    whats ur count then

    ReplyDelete

  4. Nirav,
    are you still long?? looking at macro economic data and global economy, do you think markwt will rally??

    Thanks,
    Hari

    ReplyDelete

  5. Hi Manu

    I do not see a fall now as market averages r strongly showing upwards trend but today it has closed at 5140 below all 5 n 13 n 21 day averages. I will update bearish counts tonight.

    Hi Hari
    I m still long n my count shows as of now bullish counts n I would like to stick to it as of now
    I base my trades based on technicles n then look at news n not viceversa

    ReplyDelete

  6. Gentlemen,

    Did not get a chance to update. But here is the call.

    first 15 mins high low we will have . first 15 mins low is the stop loss for recommended trade. Market is trading against the my bullish counts and market is supreme so going with the market But I will not like to take a short call as of now. Will update sooner.

    Kind Regards,

    Nirav shah

    ReplyDelete

  7. SL HIT. After that downmove was brutal. I am still not convinced with the downmove so will wait for next trade.

    Kind Regards,

    Nirav Shah

    ReplyDelete

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