Nifty opened negative, but did not get any buyer support and drifted down with each passing hour to end below the psychological level 5800. The index closed at the lowest point of the day at 5788.80, a huge loss of 89.20 points. The broader market was bad, with just 262 advances to 1025 declines. Option Table looks fully loaded in favor of the Bears .
Sudden jump in oi seems as false indication of fresh short build up …it seems that big players created long positions so that huge volumes also seen as selling climax may be there …from long unwinding… sudden spike 10 times shows some thing cooked ….
Nifty eod candle closed just below 200 dma …it seems that today’s gap down opening may be used for accumulation and gap filling may be possible…
A period of extraordinary volume which comes at the end of a rapid and comprehensive decline which exhausts the margin reserves of many speculators or patience of investors. Total volume turnover may exceed any single day’s volume during the previous upswing as Panic Selling sweeps through the stock or commodity. Also called a Clean-Out Day, a Selling Climax reverses the technical conditions of the market. Although it is a form of a One-Day Reversal, it can take more than one day to complete.
Negative to gap down opening is expected with possibility of gap filling then smart pull back rally as per technical indications…if these are true we may see nifty above 5850 within 2 sessions …
trade in nifty as per these levels
Buy at / above: 5776 Targets: 5792 – 5811 – 5830 – 5849-5879
Stoploss : 5757
Sell at / below: 5757 Targets: 5740 – 5722 – 5703 – 5684-5654
Stoploss : 5776
admin: BUY nifty above 5800 sl 5788 trading at 5809 BUY 5900 ce sl 47 .90
kailash123p@yahoo.co.in (6/11/2013 12:54:06 PM): buy nifty above 5800 sl 5788 trading at 5809 buy 5900 ce sl 47 .90
kailash123p@yahoo.co.in (6/11/2013 9:37:28 AM): buy bajaj auto at 1775 1785 sl 1758 tgt 1799 1825 trading at 1778
kailash123p@yahoo.co.in (6/11/2013 11:14:33 AM): nifty ca and b auto sl triggered
kailash123p@yahoo.co.in (6/11/2013 11:59:36 AM): buy bajaj auto at 1762 sl 1749 tgt 1779 1799
admin: SELL crude 5612 25 sl 5636 tgt 5582 5552 5500 and below trading at 5613
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tanya: chart reading is some thing i didn’t understand
kailash123p@yahoo.co.in: v simple
kailash123p@yahoo.co.in: just read at manthan
kailash123p@yahoo.co.in: u have to follow only 2 lines
kailash123p@yahoo.co.in: buy above lines and stay in trade
kailash123p@yahoo.co.in: and sell if candles are trading below lines
kailash123p@yahoo.co.in: and stay in trade
kailash123p@yahoo.co.in: simple na
tanya: let me check the chart and see
tanya: sounds simple
kailash123p@yahoo.co.in: see here http://tipsncalls.blogspot.in/2013/06/how-to-set-emas-and-template-at-zerodha.html
tanya: there are 2 lines red and green
tanya: right
kailash123p@yahoo.co.in: yes and candles
kailash123p@yahoo.co.in: left side rate
kailash123p@yahoo.co.in: and time at bottom
kailash123p@yahoo.co.in: market starts from left
kailash123p@yahoo.co.in: and as time passes on moves to right
kailash123p@yahoo.co.in: if candles will move up with time we will plan long trades
kailash123p@yahoo.co.in: and short if candles will fall
kailash123p@yahoo.co.in: read more and more
kailash123p@yahoo.co.in: u will become master
tanya: but i am not able to see the candle over here
kailash123p@yahoo.co.in: candles will come during mkt hour
kailash123p@yahoo.co.in: u will see first 1 at 9.16
tanya: in this same site
kailash123p@yahoo.co.in: at present can see at google
kailash123p@yahoo.co.in: or chart ink
tanya: http://stockcharts.com/freecharts/candleglance.html?%24DJUSPR%2CGSK%2CJNJ%2CAZN%2CSNY%2CPFE%2CNVGN%2CMRK%2CABT%2CBMY
tanya: right now i am cing this site
kailash123p@yahoo.co.in: what i said is correct na
kailash123p@yahoo.co.in: only game of lines
kailash123p@yahoo.co.in: above lines
kailash123p@yahoo.co.in: going up up up
kailash123p@yahoo.co.in: below lines only fall
kailash123p@yahoo.co.in: by chance breaking rules
kailash123p@yahoo.co.in: for that we will place sl order
kailash123p@yahoo.co.in: see important are crossing of these lines
kailash123p@yahoo.co.in: best entry level at crossing point
tanya: ok
tanya: PFE is showing
kailash123p@yahoo.co.in: what is PFE
tanya: ok
tanya: u r not seeing the site i have given
kailash123p@yahoo.co.in: seeing
tanya: Pfizer company is showing the 2 two lines crossing
tanya: r u talking of that
kailash123p@yahoo.co.in: ya
kailash123p@yahoo.co.in: u are correct
kailash123p@yahoo.co.in: that is death cross
tanya: but the blue line is coming down
kailash123p@yahoo.co.in: and it can be said that death of bears
tanya: u mean from here buying will start
kailash123p@yahoo.co.in: death of bulls
kailash123p@yahoo.co.in: correct it pls
tanya: ok
tanya: so sell
kailash123p@yahoo.co.in: golden cross means death of bears
kailash123p@yahoo.co.in: ya bindass sell
kailash123p@yahoo.co.in: in ur case green line will do it
tanya: ok
NIFTY OUTLOOK AND TRADING LEVELS FOR 12 JUNE 2013
