Try to liquidate and exit your position in may itself if nifty resist to fall below 4200 for the next week and Started making any kind of euphoria.
Coz Montly 5 EMA is still at 3529 levels. Strongly not to be good for June Season. Such a gap is unsustainable i.e nearly 700 pts now between Spot and Monthly 5 EMA
I have only one valid point from my end. If nifty not keeping dipping below 4200 before the start of June… Then one should considering Booking Profits in Deliveries. As the risk for carry forwarding his position for next month is keep on increasing if the breadth of Nifty Spot and 5 EMA(montly) Keep on widening.
Iam not trying to panic….. But just trying to say the risk in carry forwarding deliveries in June…. Just follow the rule “Sell in May and Go Away”.
Related Readings and Observations
Getbhavcopy format – 05 Nov 2010 NSE EOD Data Download Getbhavcopy format – 05 Nov 2010 NSE EOD Data
Three MIDCAP Stocks to Bet on New High All the three stocks (NHPC,Thermax,GMR Infra) resembles the same pattern i.e trading very close to 52 week high and possibly a good bet for very short term longs 7-15 days. One can take a […]
Phase of the Stock Markets and Volume Analysis Stocks go through phase. And we must understand in which phase the stock is in to enter in disciplined way. You might see a strange thing in the image.That is the stock below is moving in […]
Simple Elliot Rules to Follow to find Nifty resistance
As per http://blog.afraidtotrade.com/the-three-hard-rules-of-elliott-wave-theory/Elliot Simple Rules to Follow :1. Wave #2 Cannot Retrace 100% of Wave #12. Wave #3 Cannot […]
Nifty Options Open Interest lookup for September 2011 series Today there has been a tremendous short covering in nifty from the bottom gaining 171.80(+3.62%). Also the shorter term trend had finally turned to buy mode after a month long.
ForexTrend TSL indicator for Metatrader ForexTrend TSL is a Bollinger Band based trend trading indicator. The mathematical model uses bollinger band to compute the trailing stoploss level for the Buy and Sell Signals.
sir ur knowlegde is great plz email detial of Euphoria in Nifty with chat & plz tell me where i found centurytex intraday Rt chat (prabhdeepsngh@yahoo.com) best regards Prabhdeep Singh
@Prabhdeep Right now iam not having any tracker for Century Textiles.
Yaa…. True EMA(5) is too deep New (the OLD one only) govt. will try to increase revenue with new (final) budget by adding extra taxes hike in petrol, less bank interest etc. So Budget can be turning point for markets.Point to be noted here :* Let media project any thing New Govt dont have pure support of 50% or 2/3 mejority !! they still depend on others, only thing is that this Govt has got better decision making power at least at this stage. * Nothing much has changed overnight, regarding economically.* Newly elected But Govt is same, like before. It has not changed.* Govt is and has: Same Strong Leader & some extra strength for Decision making. ( at least at this stage )* World is same* US Problems are still the same* No new positives in terms of policy making in immediate course. Nuke deal is already done.* People's pockets (except traders and investors) is still more or less the same. There is a net slowdown.* growth rate expected 7% rather than 9% !! it is 2% less