Comments on: India pre-market November 8th 2011

By: agiletrader

agiletrader — Wed, 09 Nov 2011 20:19:30 +0000

In reply to Jai. Silver high was Rs. 58,480. Today's high Rs. 58,320 (approx). :-)

By: Jai

Jai — Wed, 09 Nov 2011 01:42:28 +0000

In reply to rdesikan.

Dear Desikan,

The bulkssms services have been erratic -delivering to most networks but not delivering to a few despite +ve confirmation from gateway. So we have moved to direct sms’s from a mobile. So there will not be any blocks. If you received no sms’s then it means none has been sent.

Hope that helps.
Best,
Jai

By: rdesikan

rdesikan — Tue, 08 Nov 2011 09:47:05 +0000

Hi Jai,

Just want to confirm whether any calls on specific stocks given today since I did not get any sms.

Regards

By: Jai

Jai — Tue, 08 Nov 2011 06:10:36 +0000

In reply to prateeksinha.

The first leg of this bear market was from Nov beginning to Nov end. Basically, the move to the August low is a Fibonacci relationship. I have summed it up – basically Reliance movement has been a very important part. Do not have to get technical.

Hope that is clear.
Best regards,
Jai

By: prateeksinha

prateeksinha — Tue, 08 Nov 2011 05:22:09 +0000

‘If we project the first leg of the decline of Nifty from the November highs to November lows to the January high’s the low of 4720 on Nifty is just a few points over 225%.’

Jai i could not understand what you meant by this..

By: Jai

Jai — Tue, 08 Nov 2011 03:13:44 +0000

In reply to rahulrtawde.

I do not have a live track of MCX Silver but it is $35.7 on Globex. If 58000 is the 28th October high, yes u should place a stop above that.
Regards,
Jai

By: rahulrtawde

rahulrtawde — Tue, 08 Nov 2011 03:09:05 +0000

Dear jai,
Do we hold the silver short? With a stop of 58000? In mcx?

Regards,
Rahul T