NIFTY FIFTY
- Thread starter AMITBE
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hai sanjayji, the level of selling coming is very disturbing. we may reach 2500 levels if this continues for few days.If FII's enter then, we will have some good solid rally.MF's are facing redemption pressure, which will grow with further fall in Nifty. so a compounding problem, is causing this. Tomorrow we may get relief rally, as the indicators point out to oversold zone in few index stocks.Hope that oversold is just shorting and not deliveries!!
bye
ravi
bye
ravi
If an Archeologist were to drive past the little hamlet that now lies in ruins, the unresolved question would be what brought about the downfall of the once thriving center that was slated to rise to heights beyond even the envy of great empires.
Man! Ive never visited any digging site like this since I got out of college with my Masters in Archeology and Social Anthropology.
Oh lookthats Hind Zincand therethat used to be Reliance Capital owned by the younger of the Money Brothers.
Yeah and lookremember Daburand McDowell? Oh man!
And that upstart BSEL Infralook at that.
What happened to all the Blue Bloods?
ITC, HLL, Maruti, Satyam, TISCO the lot.
And they say ONGC held out till the very end, before keeling over, unable to withstand the frenzied assault.
What massive destruction.
Hey, has the downfall of an empire ever been measured in terms of Fibonacci retracements?
Does it really go down the pits in Three Wave patterns?
Was there an earthquake that left behind such savaging?
Or was it bands of invading mercenaries who came to hunt with weapons of mass destruction? (Albeit financial weapons of mass destruction)
A bit of both perhaps.
A lot of pressure and stress had been built along the fault lines, and then came the collapse.
As for the invading mercenarieswelltheyre still hererummaging through the ruins.
Be sure, theres still a lot of riches to be found buried here still.
Theyre not done yet.
Then once theyre done, theyll line up to bag all the rebuilding contracts, if they are allowed to have their way.
And when will they be done?
Well, one lot of the mercenaries called Nomura just came out with a proclamation that says the fair value of Sensex is atwas it 6000or 8000. Does it really matter?
Theres more to plunder yet.
The levels were arrived at using technical parameters like Fibonacci retracements.
So had the bandits come here in the first place, having determined Fibonacci extensions in five waves where the fifth peaked at unfair values?
Good grief!
Hey guysplunder all you likebut spare our wounds the salt.
At least dont go talking of whats fair and whats unfair.
But wait.
Were an ancient civilization and weve seen a lot of historical plundering.
Well outlive this one too.
And as an ancient culture, we have philosophical ways of looking at the world around us.
Whether Hindu or Muslim or Christian, we all know and respect that entity known as Lakshmi.
Yes, shes the young consort of an older man and we understand and respect her need to be restlessly moving about.
But when her desires are sated, in the end she comes to those who respect and worship her.
So its not about just money honey.
Its basically about strength of character. And its about a steely resolve to outlast the marauders...yet again.
Great going folks!
The levels:
To the up 2966-2969-2972-2975-2978-2981-2984-2988.
Then congestion is seen till 2992-2996-3000-3004-3008-3012-3016.
Supports are 2955-2948-2941-2934-2927-2920-2913-2906-2898.
Lets take it from here for now.
Man! Ive never visited any digging site like this since I got out of college with my Masters in Archeology and Social Anthropology.
Oh lookthats Hind Zincand therethat used to be Reliance Capital owned by the younger of the Money Brothers.
Yeah and lookremember Daburand McDowell? Oh man!
And that upstart BSEL Infralook at that.
What happened to all the Blue Bloods?
ITC, HLL, Maruti, Satyam, TISCO the lot.
And they say ONGC held out till the very end, before keeling over, unable to withstand the frenzied assault.
What massive destruction.
Hey, has the downfall of an empire ever been measured in terms of Fibonacci retracements?
Does it really go down the pits in Three Wave patterns?
Was there an earthquake that left behind such savaging?
Or was it bands of invading mercenaries who came to hunt with weapons of mass destruction? (Albeit financial weapons of mass destruction)
A bit of both perhaps.
A lot of pressure and stress had been built along the fault lines, and then came the collapse.
As for the invading mercenarieswelltheyre still hererummaging through the ruins.
Be sure, theres still a lot of riches to be found buried here still.
Theyre not done yet.
Then once theyre done, theyll line up to bag all the rebuilding contracts, if they are allowed to have their way.
And when will they be done?
Well, one lot of the mercenaries called Nomura just came out with a proclamation that says the fair value of Sensex is atwas it 6000or 8000. Does it really matter?
Theres more to plunder yet.
The levels were arrived at using technical parameters like Fibonacci retracements.
So had the bandits come here in the first place, having determined Fibonacci extensions in five waves where the fifth peaked at unfair values?
Good grief!
Hey guysplunder all you likebut spare our wounds the salt.
At least dont go talking of whats fair and whats unfair.
But wait.
Were an ancient civilization and weve seen a lot of historical plundering.
Well outlive this one too.
And as an ancient culture, we have philosophical ways of looking at the world around us.
Whether Hindu or Muslim or Christian, we all know and respect that entity known as Lakshmi.
Yes, shes the young consort of an older man and we understand and respect her need to be restlessly moving about.
But when her desires are sated, in the end she comes to those who respect and worship her.
So its not about just money honey.
Its basically about strength of character. And its about a steely resolve to outlast the marauders...yet again.
Great going folks!
The levels:
To the up 2966-2969-2972-2975-2978-2981-2984-2988.
Then congestion is seen till 2992-2996-3000-3004-3008-3012-3016.
Supports are 2955-2948-2941-2934-2927-2920-2913-2906-2898.
Lets take it from here for now.
They are bringing the market up only to snatch the money from the remaing shorts for now. So don't be lured in even if it looks like a double top coming on.
Staying out would be best action.
A few days ago I had written some of them will bring up the markets to allow the others of their breed to get out at higher levels:
Rupee is weak against the Dollar which is weak against the Yen.
It seems they have a lot of Yen to give back.
Not just here in our markets, but internationally this being played out.
Just when everyone thinks the worst is over, it'll be slam dunk again.
Sure the Rupee has gained today, but then so have the markets.
But remember how much how much has been lost.
Staying out would be best action.
A few days ago I had written some of them will bring up the markets to allow the others of their breed to get out at higher levels:
Rupee is weak against the Dollar which is weak against the Yen.
It seems they have a lot of Yen to give back.
Not just here in our markets, but internationally this being played out.
Just when everyone thinks the worst is over, it'll be slam dunk again.
Sure the Rupee has gained today, but then so have the markets.
But remember how much how much has been lost.
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