Comments on: If you had any doubts this was not a bear market..

By: Rut

Rut — Fri, 19 Aug 2011 14:47:15 +0000

Jai…thanks a ton. Wish u a relaxed weekend…regards

By: Jai

Jai — Fri, 19 Aug 2011 11:35:01 +0000

In reply to Rut.

Rut,
1857-62 was a zone that should have put brakes. This is why extended waves are dangerous. Check if it reverses at close, else it might be time to fold and get back once there is a reversal.
Good trading to you,
Jai

By: Rut

Rut — Fri, 19 Aug 2011 10:24:38 +0000

Ok. Jai…I have got a wrong decision on shorting Gold. How does the chart look to you. Any stop loss ?

By: Jai

Jai — Fri, 19 Aug 2011 10:20:55 +0000

In reply to zubair.

Continue to stay cautious.
All the best,
Jai

By: Jai

Jai — Fri, 19 Aug 2011 10:19:01 +0000

In reply to rajesh raut.

Rajesh,
Whatever you did the credit goes to you 🙂 you tracked someone on tv, you checked the past accuracy and you used your discretion to pick weaklings and asked the right questions. Well done to you. Trust me, it’s never easy to pull a trade following someone else

By: zubair

zubair — Fri, 19 Aug 2011 07:55:38 +0000

hello sir
what about the gold rally at 1866

By: rajesh raut

rajesh raut — Fri, 19 Aug 2011 06:15:18 +0000

Hi,
You gave me tgt for alstom project 492 almost there covering ..u gave counter trend rally tgt for Rec 230 235 reached, exited, CMP 170..u gave a tgt of 190 on titan almost there..add to it all other super calls on nifty ,cap gds etc much ahead of actual break dwn ..fantastic job jai thks & bst wishes..i also agree was always in denial mode about this being a bear mkt..

By: zubair

zubair — Fri, 19 Aug 2011 05:59:06 +0000

hello sir
as you expected nifty near 4800 level

By: Parag

Parag — Wed, 17 Aug 2011 11:13:14 +0000

Dear Jai,

If NIFTY & BANKNIFTY 18 months chart is compared:
– NIFTY is more closer to its May low of 4800 (5% drop from here will take it there).
– But BANKNIFTY is still way too pricey in that comparison – since its May low is 9000 (i.e., 10% drop from here).

What is your opinion in this – could BANKNIFTY easily outperform NIFTY on the downside & go upto 9000 if NIFTY were to go to 4800?

I really got interested to Buy BANKNIFTY today below 9900 levels for atleast a short term rally from here.

Best Regards,
Parag

By: Jai

Jai — Wed, 17 Aug 2011 04:56:06 +0000

In reply to Julie.

Julie,

I cannot tell you what you should buy and sell. Im not an investment advisor. I merely present what I see – it should be your own judgement to reject/accept it and process the opinion in a way that suits your risk profile.

All the best,
Jai