Comments on: Technicals 21st Nov 2011 https://www.cashthechaos.com/technicals-21st-nov-2011/ Mon, 04 May 2026 19:29:08 +0000 hourly 1 https://wordpress.org/?v=7.0 By: gtubake https://www.cashthechaos.com/technicals-21st-nov-2011/#comment-1846 Mon, 21 Nov 2011 17:50:40 +0000 http://www.cashthechaos.com/blog/?p=1243#comment-1846 In reply to vivekbhat.

Agree with your observation. But the ‘water pistol’ has had some good hits so far. I’d prefer it any day to being hit with a stoploss in a super-volatile market

]]> By: vivekagrawal https://www.cashthechaos.com/technicals-21st-nov-2011/#comment-1844 Mon, 21 Nov 2011 17:47:43 +0000 http://www.cashthechaos.com/blog/?p=1243#comment-1844 In reply to vivekbhat.

🙂 I totally agree. Either we have been hitting stop losses on winning trades or just sitting on the side.

]]> By: vivekagrawal https://www.cashthechaos.com/technicals-21st-nov-2011/#comment-1842 Mon, 21 Nov 2011 14:56:29 +0000 http://www.cashthechaos.com/blog/?p=1243#comment-1842 Hi Jai,

I think that there is an alternate wave count going on. the intensity of the fall is suggesting to me that we are in powerful Wave 3 which is not complete. ??

Thanks,
Vivek

]]> By: vivekbhat https://www.cashthechaos.com/technicals-21st-nov-2011/#comment-1840 Mon, 21 Nov 2011 13:14:17 +0000 http://www.cashthechaos.com/blog/?p=1243#comment-1840 hi jai

most of the trades we have done have been akin to firing from water pistols

]]> By: shabbirsp https://www.cashthechaos.com/technicals-21st-nov-2011/#comment-1838 Mon, 21 Nov 2011 11:47:54 +0000 http://www.cashthechaos.com/blog/?p=1243#comment-1838 In reply to Jai.

what about the upside can it be much above the 5140 level, and the speed is much faster

]]> By: Jai https://www.cashthechaos.com/technicals-21st-nov-2011/#comment-1836 Mon, 21 Nov 2011 11:37:22 +0000 http://www.cashthechaos.com/blog/?p=1243#comment-1836 In reply to shabbirsp.

Sharp observation 🙂 The medium term technical structure is one that calls for a bigger decline. May be the Rupee weakness will increase the pain quotient for FII’s. Since the fall has been relentless, the energy to go much farther after the break of 4720 is less. (Do not know if there is strength to break 4720 first) But there are is atleast one more leg of decline after the current drop halts.

Regards,
Jai

]]> By: shabbirsp https://www.cashthechaos.com/technicals-21st-nov-2011/#comment-1834 Mon, 21 Nov 2011 10:56:04 +0000 http://www.cashthechaos.com/blog/?p=1243#comment-1834 hi jai,
last time when nifty went this low i think rupee was around 45/46 level, today it is around 52 level does this change the equation in any way. like the bounce up from this level goes much higher on back of FII buying, or it sinks much below the support levels on sustained selling fearing rupee to go much lower, your comments please
regards

]]> By: Jai https://www.cashthechaos.com/technicals-21st-nov-2011/#comment-1832 Mon, 21 Nov 2011 09:53:55 +0000 http://www.cashthechaos.com/blog/?p=1243#comment-1832 In reply to Amrishrau.

Will look for sidecounters. Lets wait

]]> By: Jai https://www.cashthechaos.com/technicals-21st-nov-2011/#comment-1830 Mon, 21 Nov 2011 09:53:20 +0000 http://www.cashthechaos.com/blog/?p=1243#comment-1830 In reply to rahulrtawde.

Yes looks like that.

]]> By: rahulrtawde https://www.cashthechaos.com/technicals-21st-nov-2011/#comment-1828 Mon, 21 Nov 2011 09:35:05 +0000 http://www.cashthechaos.com/blog/?p=1243#comment-1828 Dear jai,

Whats ur take on Nifty now?
Are we headed to 4700 on expiry…is the chance of a bounce back over?

Rahul

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