Monday, August 29, 2011

Nifty Futures last traded price is 4939 and it was predicted well in advance..

Nifty Futures last traded price is 4939 and it was predicted well in advance...

12:32 PM harkara: Gm kailashji
 me: hi gm
 harkara: ur chart is gud
12:33 PM me: how was my btst call
 harkara: nifty at fib resist level, and its strugglig to go past 4880
  too gud, though one had not guts take that call
 me: i said buy any thing for 1%
12:34 PM harkara: yes i bot titan 210 call and hind lever 320
  call
 me: and mkt is trading 3% up from there
 harkara: both options, i told u i am stuck in godrej & hdfc
  therefore, i had no money sufficient to ake any further
12:35 PM yes but as u rightly said, unless it crosses 4880-85 and sustains, nifty may be difficult to
 me: k
12:36 PM harkara: if mtk is gud & positive, may be option call will give gud return kailashji, how do u view
 me: u r rt
12:37 PM mkt will move up today above 4900
 harkara: nice but is it stiff resist around 4920 for NF?
 me: ok
 harkara: no no, i am asking u for ur view or comments
12:38 PM i want to learn TA from u sometime later
 me: then tom will be gap up and resistance will act as support
12:39 PM harkara: thats nice to hear from u, becoz many of them already started giving short calls, saying mkt wont sustian and will go down
 me: ok they may be correct too
  i shared mine view
 harkara: but i have confidence in ur view
 me: mkt will decide
12:40 PM harkara: becoz i saw on a couple of previous occasions
  though its not any bodys hands
  still ur view, i appreciate, not becoz i am long
12:41 PM me: if futures will move above 4890
  u will see 4930 today
 harkara: ok it may be strong above that
  is it?
  
fine, followed
Nifty spot closed well above fib level and it was marked here 

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