BLOG DESCRIPTION: This is blog, i have started so that i can help people understand what stock trading is all about. The main aim is to educate the massess and secondly help them with the tools of the trade.
My father once told me when i had failed very badly at a task at hand and was crying profisely, that sometimes in life son u have to jump of the bridge first and build ur wings on the way down. This blog is exactly for that sort of people. By the way "atmevaha" means "ourselves alone".
My father once told me when i had failed very badly at a task at hand and was crying profisely, that sometimes in life son u have to jump of the bridge first and build ur wings on the way down. This blog is exactly for that sort of people. By the way "atmevaha" means "ourselves alone".
Well Well Well
Posted 27th September 2007 at 07:17 PM by joesb213
Date 09/27/07 time 6.11 pm
I was just going through the hourly charts and i have this to say " tomorrow at 11.00 if it (nifty cash) were to close above 5014 then i will renter on the long side. On monthly, Weekly Daily charts the nifty is cosily placed. On hourly charts though the first signs of taking a breather are evident. Today a signal at 11.00 on nifty cash has not fructified its target. This is the first sign of weakness. Tomorrow i think if it does close above 5014 at 11.00 am then i will be drawn to it from the long side. i will be extremely careful though. Remember our first aim in any trade is to safegaurd our capital the profits take care of themselves. Eventually as it runs out of steam there will come a time when the first hourly chart signal will fail, ,hat is our cue to be standing out. Buying, selling and not doing anythig is a active position a trader can take. It takes quite a character to stand on the sidelines when seemingly so much is happening. All the above that i have written is with hourly charts in mind, mind u about that.
I was just going through the hourly charts and i have this to say " tomorrow at 11.00 if it (nifty cash) were to close above 5014 then i will renter on the long side. On monthly, Weekly Daily charts the nifty is cosily placed. On hourly charts though the first signs of taking a breather are evident. Today a signal at 11.00 on nifty cash has not fructified its target. This is the first sign of weakness. Tomorrow i think if it does close above 5014 at 11.00 am then i will be drawn to it from the long side. i will be extremely careful though. Remember our first aim in any trade is to safegaurd our capital the profits take care of themselves. Eventually as it runs out of steam there will come a time when the first hourly chart signal will fail, ,hat is our cue to be standing out. Buying, selling and not doing anythig is a active position a trader can take. It takes quite a character to stand on the sidelines when seemingly so much is happening. All the above that i have written is with hourly charts in mind, mind u about that.
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Nifty going higher for now...Hi Neeraj,
Nifty at 10:47am is poised at R1 of 5030.5. Since it has crossed it even as I write this, it could go up to 5060 (R2). So I believe you when you say you'll re-enter the mkt. See you. Thanks for your insight. Paresh  |
 
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