Sunil_1972 view on market

[arti022]

Intraday Trading Advice on Mobile

 

[sunil_1972]

Intraday Trading Advice on Mobile

Plz post your advice in Traderji. Help everybody to minimise loss and maximise profit.

 

[sunil_1972]

RBI hiked key interest rates by 25 bps.
Dow trading 57 points down.

What going to happen on Monday?
Write your views in this thread.......

 

[trader.trends]

Expect a knee jerk reaction. May test 5180 levels. If that holds we may continue the up trend. The rate hike was expected in April. It has come a little sooner. The % increase is not a surprise, the timing is.

 

[saivenkat]

Expect a knee jerk reaction. May test 5180 levels. If that holds we may continue the up trend. The rate hike was expected in April. It has come a little sooner. The % increase is not a surprise, the timing is.

SGX QUEST(T+1) has taken a low of 5180. The 15 EMA for nifty is 5124.00 and as trader.trends said, we will be still above the 3EMA, which means we will be still clinging on to the up trend.

Regards
Saivenkat.

 

[sunil_1972]

I said yesterday about the increase of RSI due to lack of profit booking, here come the way to materialise it. How much the fall last, that to be find out.

 

[kkeskar92]

RBI has increased the rates by 25 points, however they plan to raise it by 2 points during next 3 mths. Also they plan to increase it further next month.
This will be definitely a stimulus for profit taking and would take Nifty to at least 5150. I feel the end of March nifty series would be between 5100 to 5150.

read the article on bloomberg.

 

[AlokTewari]

Now what next

Hi,

RBI's action on Friday will surely take Nifty down to about 5180 levels. However since FIIs pouring money into Indian market & MFs have to show high NAVs for financial year ending , any further fall is ruled out & March is likely to end with 5200+ levels. After that is anybody's guess specially since Europe's problems are far from over which could bring nasty surprises in near term. Result season will start in April which will be plus for Indian markets as corporates will keep showing robust numbers. Net net it is going to be confused market - Little up, Little down, Range bound rather than running away one side.

Cheers !!!

Alok Tewari

 

[sunil_1972]

The rally started from 4675 (Feb 8 low), now reached 5269 (yesterday's high).
An overall movement of 12.70%
A 5% correction from here (not single day) can drag Nifty to most comfortable zone of 5000. This makes opportunity to buy stock and market to go higher levels. I think that may be the best scenario rather breaking 5310 on a flash.

 

[simple_trader]

SGX NIFTY made low of 5180 and closed at 5195 last night (after hours trading).

Though not sure if we will open so much lower on Monday, if it happens and trade for sometime there, it would be a break down open.