Comments on: NSE Nifty : The bullish and the bearish possibilities https://www.cashthechaos.com/nse-nifty-the-bullish-and-the-bearish-possibilities/ Mon, 04 May 2026 19:30:06 +0000 hourly 1 https://wordpress.org/?v=7.0 By: What next after 4800 Nifty? » Cash The Chaos https://www.cashthechaos.com/nse-nifty-the-bullish-and-the-bearish-possibilities/#comment-589 Mon, 22 Aug 2011 05:02:48 +0000 http://www.cashthechaos.com/blog/?p=785#comment-589 […] my June 14th post, we discussed the bullish and bearish possibilities for the NSE Nifty and had mentioned that […]

]]> By: vimvasavada https://www.cashthechaos.com/nse-nifty-the-bullish-and-the-bearish-possibilities/#comment-588 Tue, 21 Jun 2011 03:14:26 +0000 http://www.cashthechaos.com/blog/?p=785#comment-588 Thanks Jai,

I guess, i will re-read the Soros’s interview..Thnx again for sharing your wisdom with detailed experiences..

warm regards,
vimarsh p vasavada

]]> By: admin https://www.cashthechaos.com/nse-nifty-the-bullish-and-the-bearish-possibilities/#comment-587 Mon, 20 Jun 2011 23:15:10 +0000 http://www.cashthechaos.com/blog/?p=785#comment-587 In reply to rakesh.

Hi Rakesh,

Thanks and welcome to my blog. Time is the most difficult market component to judge. Here is my my reading though. I expect Nifty to reach 4800 around 15th July. I have been saying this since Jan/Feb. Reliance below 900-890, has no major support till 700-750.

If I were you I would still wait a little longer to pick up stocks for delivery.

Good trading to you,
Jai

]]> By: rakesh https://www.cashthechaos.com/nse-nifty-the-bullish-and-the-bearish-possibilities/#comment-586 Mon, 20 Jun 2011 18:23:44 +0000 http://www.cashthechaos.com/blog/?p=785#comment-586 Dear Jai

Excellent blog u have got here.I usually buy for delivery when markets go down.Do you think i can get into RIL as of now since it has gone down or for the matter any other stock.should i expect any signicant downside in nifty this month itself? Plz advise.

]]> By: Jai https://www.cashthechaos.com/nse-nifty-the-bullish-and-the-bearish-possibilities/#comment-585 Mon, 20 Jun 2011 10:21:07 +0000 http://www.cashthechaos.com/blog/?p=785#comment-585 In reply to Parag.

Hi Parag,

Thanks 🙂

Usually when a range breaks, as it did on Nifty (5400-5600), markets do not bother about the oversold state and they continue to proceed in the direction of the breakout. In the current case, ONGC, Reliance, TCS the top 3 biggies have taken out major supports. Hence, firstly markets do not have any biggie to piggyback on and secondly, bcos of this bounces should be transient. If I had to initiate short positions today, I will place some staggered bets on July puts, something like buy 1/3rd now, build IF there is an oversold bounce. (If you see the charts of GTL, they were oversold even before today and they still collapsed big time!! So an oversold state need not gurantee a rally)

I will add here – as long Nifty 5177 holds, bulls may still have a very small toe hold.

Hope that was useful.
Cheers,
Jai

]]> By: Parag https://www.cashthechaos.com/nse-nifty-the-bullish-and-the-bearish-possibilities/#comment-584 Mon, 20 Jun 2011 09:48:25 +0000 http://www.cashthechaos.com/blog/?p=785#comment-584 Dear Jai,

Very well said – there is immense wisdom in what you said – I guess that’s the reason I keep refreshing this page more than few times everyday! 😉

After today’s sharp fall – due you see a potential of a pullback in this week or anytime soon for that matter?

Thanks & Regards,
Parag

]]> By: Jai https://www.cashthechaos.com/nse-nifty-the-bullish-and-the-bearish-possibilities/#comment-583 Mon, 20 Jun 2011 07:37:16 +0000 http://www.cashthechaos.com/blog/?p=785#comment-583 In reply to vimvasavada.

Hi Vimarsh,

The most important thing to me is to constantly look out for evidence opposite to the way you are positioned. In Apr 2010, I saw correction potential of up to 4300 on the Nifty and was positioned short. But I realised at 4900 & change that market had put in a low at 4786 that was not going to break. I bailed out and owned up that I was wrong and called for a new high. That I think is the key. There is a fine balance here – if you bailout too soon, you will miss the big moves but if you bailout too late the losses grow in size. This will come with experience (read after learning from losses :)) I guess this is what George Soros said “It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”

Good trading to you,
Jai

]]> By: vimvasavada https://www.cashthechaos.com/nse-nifty-the-bullish-and-the-bearish-possibilities/#comment-582 Fri, 17 Jun 2011 09:07:07 +0000 http://www.cashthechaos.com/blog/?p=785#comment-582 Thanks Jai,
Your views are of great help..I am keen to know which specific pattern you employ to play/carry-forward your positional trades i.e. besides trailing stop loss, pyramiding/averaging etc.(“What If” SBI reaches 2400) do you employ specific techniques..Based on my little readings the big successful traders typically mentions simple things like trailing SL, partial profit booking etc..is that the real case or you/they do something different..I understand that sometime its toughest to employ simple stuff..but would love to know your perspective..

warm regards,
vimarsh p vasavada

]]> By: Jai https://www.cashthechaos.com/nse-nifty-the-bullish-and-the-bearish-possibilities/#comment-581 Fri, 17 Jun 2011 08:37:33 +0000 http://www.cashthechaos.com/blog/?p=785#comment-581 In reply to vimvasavada.

Dear Vimarsh,
Yes, You might get an extra dimension. I have read some star traders have done that successfully.

My view on markets is unadulterated technicals. To me technicals are the hidden fundamentals – I do not need to know the why, as long as I know what and when 🙂
Yes, it does seem that over the medium term tatamotors has much bigger downsides, atleast 880 if not much lower. While I see the downsides of SBI and Vijaya limited to 2050 and 58 respectively. what is clear however at this point in time is that, they have not bottomed yet. Ofcourse, I could be wrong, but that is my interpretation from the charts.

Good trading to you,
Jai

]]> By: vimvasavada https://www.cashthechaos.com/nse-nifty-the-bullish-and-the-bearish-possibilities/#comment-580 Thu, 16 Jun 2011 16:52:47 +0000 http://www.cashthechaos.com/blog/?p=785#comment-580 Dear Jai,

Its good to have such an indepth perspective ..Infact, if we combine the fundamental perspective and overall global context..it strengthens your/out viewpoint..

The most interesting point in my opinion you have made is about RIL and ONGC..I did not include them in bear-basket until today..are you viewing this purely from technical standpoint or you have another fundamental reasons that may be we are missing..

I have been shorting banking/auto stocks since this month , mainly SBI,VijayaBank and TataMot and have intiated a fresh short positions in last few days..Undoubtedly banks are at their key support level and may take a while to go down further..Auto stocks like TataMot ,i believe has a significant space left on downside..

Now, appreciate if you can share your view on Banks/Auto and specifically to stocks i mentioned ..from leading the downtrend..and as a choice i have made in shorting..(i have struggled to make choice and never thought of RIL/ONGC..)..Plz advise..

warm regards,
vimarsh p vasavada

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