Comments on: Technicals Nov 17th 2011

By: Jai

Jai — Thu, 17 Nov 2011 14:44:42 +0000

Dear Vivek,
Nothing goes vertically down or up, relief rally is coming and will be a sharp one but looks like will do 4860 (just cursory glance) first but 5100+ very within the realms. More in tomo’s note.
Cheers,
Jai

By: shivakn

shivakn — Thu, 17 Nov 2011 14:15:29 +0000

Good call on Silver. Exited my position.Thanks

By: vivekagrawal

vivekagrawal — Thu, 17 Nov 2011 14:02:51 +0000

On NIFTY Jai – It went against your expectations. Do you still expect it to go above 5100?

Thanks

By: Jai

Jai — Thu, 17 Nov 2011 09:14:16 +0000

In reply to Amrishrau. HDFC twins looks like a good short. BUT MARKETS are DEEPLY oversold on hourly charts so being a bit cautious. Looking to sell into a relief rally

By: Amrishrau

Amrishrau — Thu, 17 Nov 2011 09:11:28 +0000

Jai,

Any thoughts on SBI ? Is it a good time to go short for the short term, condering 4985 is broken ?

Regards

By: agiletrader

agiletrader — Thu, 17 Nov 2011 08:04:42 +0000

In reply to Jai. I am having so much fun trading in Nifty this week, all thanks to you. :-)

By: Jai

Jai — Thu, 17 Nov 2011 07:53:58 +0000

In reply to hotlakshmi. The idea of putting a daily note on market is not because we want to day-trade. It is to understand where the market is placed in the broad trend and if it presents a low risk opportunity. If you check the older posts, I expect Rupee to hit 57+ in the longer term

By: prateeksinha

prateeksinha — Thu, 17 Nov 2011 07:46:38 +0000

Sir

We are reaching the anniversary of the peak that we had for nifty.. Any views on how the mkt will react considering the example which you gave about satyam and the 2008 peak

By: hotlakshmi

hotlakshmi — Thu, 17 Nov 2011 07:22:07 +0000

What is your view of Rupee for today? Thanks

By: Jai

Jai — Thu, 17 Nov 2011 04:55:42 +0000

In reply to agiletrader. Yes