Do you play the stock market

sanjaymugur · 5th March 2009, 12:36

i am short NF since 2628 ( just before yesterdays close), my target 2320 - 2340 by march end or 1st week april, stop loss for short is 2680.... all NIFTY FUTURES numbers mentioned..

it may just rise for a day or two, eventually nifty will to come to 1800-1900..

ravibhat · 5th March 2009, 14:45

Thats right strategy Sanjay. But there is strong technical support for Nifty around 2500 levels, it would take some time to break it. Tomorrow is crucial day.

I suggest keep SL for nifty future short as 2710 instead of 2680. Short some more around 2660 levels If it reaches there. Today If it closes below 2500 then I am sure within no time it can hit 2320.

Nifty long time target is 1800 which is very much intact and once its below 2350 level we need to start buying in phases.

Ravi.

sanjaymugur · 5th March 2009, 20:13

there seems to be lot of support for NF between 2505 -2515, will be covering 70% of my shorts here, NF might bounce some 100 -130 points, then, will go down again...

ECM · 6th March 2009, 14:39

Bse up+100,Nse up by+37!If anyone want to know the signals generated in my system I would love to share with them(privately).PM with your email in that case,cya.

sanjaymugur · 6th March 2009, 21:01

covered my NF shorts at 2543 @morning bell, went long NF @2614 near closing bell, carrying the positions for next week... lets see what happens next week...

ECM · 12th March 2009, 09:57

Bse upby 200 points,Nse +60.Bears are in........

ravibhat · 12th March 2009, 20:24

In this bear market going LONG for next day is risky than keeping Short. Right now the market strategy is sell on rise. I am not doing that but my feeling is buy around 2550 and sell around 2620. Nifty has to close above 2640 and then 2700. Untill then its bear's market.

Take today's example: It clearly indicates traders use opportunity to short the market when it rise and crash of some big boys indicates there will be lot of crack in coming weeks.

I wish by March end Nifty target: 2200 and by April/May end 1800 which would give better opportunity for investors. But that does not mean we have bottomed out. Such levels will be tested again and again.

This is traders market not investors and looking the situation I smell next 2 years nothing much improves. Unless Nifty crosses 3200 and closes above that with smile/confidence its bear's market.

Ravi.

ECM · 13th March 2009, 08:12

Market may not give time to cover your shorts,see what is going to happen.I usually give clues here and then leave decision on members to act upon.I got some pms to show how my system generated a buy call,will reply to them in due corse of time.Simple clue find is 9 out of 10 people are bearish and projecting nifty below 2k which itself a concrete reason to go long!

Will discuss someday where sensex and nifty can go or a bottom for both.

ravibhat · 13th March 2009, 09:20

Thats good strategy ECM , so it appears Nifty wont break 2500 this month. There seems solid support there. But I feel next week market is highly unstable but if it somehow hold 2500 can we expect technical bull run in coming week ?

Ravi.

ECM · 13th March 2009, 09:40

Dear Ravi
Inflation is 7 yrs low same almost with i.rates,commodities are going up and that is the first signal that economy will soon come on track,same I wrote number of times here in my old messages.To be a successful trader or investors one must look at important factors like inflation/interest rates/commodities etc..my experence say that market never respect your own sentiments and It looks beyond most of time.Bears are saying 1800 Nifty or 6000 sensex,bulls are in sideline,market needs a boost to go up and that boost will come due to huge shortcovering,watch out.

ravibhat · 13th March 2009, 09:51

Thats great point ECM, you are master

Although people kept saying long term target is 1800 for Nifty I still feel at 2200 we have bottomed out in October 2008. Business won't allow things to go out of hand so easily. So hard work next 6 months would bring economy back in shape ? Thats what I hope and I am doing the same with my client.

Astrological predictions say the same.

Regards,

Ravi.

sanjaymugur · 13th March 2009, 10:28

will be covering my longs @2680-2690 range today & let market tell me where it is trying to move... will watch out for 2732 NF to decide to go long or if closes below 2680 NF i will open short positions.....

ravibhat · 13th March 2009, 12:00

I think bhartiairtel has trouble. If it won't boucne back to 565 levels it might crash down to 510 levels in coming days. I feel that will be best opportunity to enter this stock for long term (2+ yrs) target of 1000+ ?

Ravi.

ECM · 13th March 2009, 12:55

Ravi
Never ride on a horse which looks ill,example Satyam,people bought and now waiting for 3 digits in it.
One can buy other good telecom stocks at Bharati's valuation price-say one can buy Rcom just an example,think differently with safety.What use of catching falling knife brother if atall your statement is true which I doubt.

Quote:

I think bhartiairtel has trouble

ECM · 13th March 2009, 17:02

Nifty ended at 2719,an example of huge short covering,hope all of you are enjoying this.Cheers.

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5th March 2009, 12:36	#1051
sanjaymugur BHPian Join Date: Apr 2005 Location: Bangalore Posts: 262 Thanked: 57 Times	i am short NF since 2628 ( just before yesterdays close), my target 2320 - 2340 by march end or 1st week april, stop loss for short is 2680.... all NIFTY FUTURES numbers mentioned.. it may just rise for a day or two, eventually nifty will to come to 1800-1900..
	() Thanks

5th March 2009, 14:45	#1052
ravibhat Senior - BHPian Join Date: Jul 2006 Location: Bangalore Posts: 2,256 Thanked: 37 Times View My Garage	Thats right strategy Sanjay. But there is strong technical support for Nifty around 2500 levels, it would take some time to break it. Tomorrow is crucial day. I suggest keep SL for nifty future short as 2710 instead of 2680. Short some more around 2660 levels If it reaches there. Today If it closes below 2500 then I am sure within no time it can hit 2320. Nifty long time target is 1800 which is very much intact and once its below 2350 level we need to start buying in phases. Ravi. Last edited by ravibhat : 5th March 2009 at 14:47.
	() Thanks

5th March 2009, 20:13	#1053
sanjaymugur BHPian Join Date: Apr 2005 Location: Bangalore Posts: 262 Thanked: 57 Times	there seems to be lot of support for NF between 2505 -2515, will be covering 70% of my shorts here, NF might bounce some 100 -130 points, then, will go down again...
	() Thanks

6th March 2009, 14:39	#1054
ECM BHPian Join Date: May 2006 Location: Somewhere Posts: 226 Thanked: 15 Times	Bse up+100,Nse up by+37!If anyone want to know the signals generated in my system I would love to share with them(privately).PM with your email in that case,cya.
	() Thanks

6th March 2009, 21:01	#1055
sanjaymugur BHPian Join Date: Apr 2005 Location: Bangalore Posts: 262 Thanked: 57 Times	covered my NF shorts at 2543 @morning bell, went long NF @2614 near closing bell, carrying the positions for next week... lets see what happens next week...
	() Thanks

12th March 2009, 09:57	#1056
ECM BHPian Join Date: May 2006 Location: Somewhere Posts: 226 Thanked: 15 Times	Bse upby 200 points,Nse +60.Bears are in........
	() Thanks

12th March 2009, 20:24	#1057
ravibhat Senior - BHPian Join Date: Jul 2006 Location: Bangalore Posts: 2,256 Thanked: 37 Times View My Garage	In this bear market going LONG for next day is risky than keeping Short. Right now the market strategy is sell on rise. I am not doing that but my feeling is buy around 2550 and sell around 2620. Nifty has to close above 2640 and then 2700. Untill then its bear's market. Take today's example: It clearly indicates traders use opportunity to short the market when it rise and crash of some big boys indicates there will be lot of crack in coming weeks. I wish by March end Nifty target: 2200 and by April/May end 1800 which would give better opportunity for investors. But that does not mean we have bottomed out. Such levels will be tested again and again. This is traders market not investors and looking the situation I smell next 2 years nothing much improves. Unless Nifty crosses 3200 and closes above that with smile/confidence its bear's market. Ravi. Last edited by ravibhat : 12th March 2009 at 20:25.
	() Thanks

13th March 2009, 08:12	#1058
ECM BHPian Join Date: May 2006 Location: Somewhere Posts: 226 Thanked: 15 Times	Market may not give time to cover your shorts,see what is going to happen.I usually give clues here and then leave decision on members to act upon.I got some pms to show how my system generated a buy call,will reply to them in due corse of time.Simple clue find is 9 out of 10 people are bearish and projecting nifty below 2k which itself a concrete reason to go long!Will discuss someday where sensex and nifty can go or a bottom for both.
	() Thanks

13th March 2009, 09:20	#1059
ravibhat Senior - BHPian Join Date: Jul 2006 Location: Bangalore Posts: 2,256 Thanked: 37 Times View My Garage	Thats good strategy ECM , so it appears Nifty wont break 2500 this month. There seems solid support there. But I feel next week market is highly unstable but if it somehow hold 2500 can we expect technical bull run in coming week ? Ravi.
	() Thanks

13th March 2009, 09:40	#1060
ECM BHPian Join Date: May 2006 Location: Somewhere Posts: 226 Thanked: 15 Times	Dear Ravi Inflation is 7 yrs low same almost with i.rates,commodities are going up and that is the first signal that economy will soon come on track,same I wrote number of times here in my old messages.To be a successful trader or investors one must look at important factors like inflation/interest rates/commodities etc..my experence say that market never respect your own sentiments and It looks beyond most of time.Bears are saying 1800 Nifty or 6000 sensex,bulls are in sideline,market needs a boost to go up and that boost will come due to huge shortcovering,watch out.
	() Thanks

13th March 2009, 09:51	#1061
ravibhat Senior - BHPian Join Date: Jul 2006 Location: Bangalore Posts: 2,256 Thanked: 37 Times View My Garage	Thats great point ECM, you are master Although people kept saying long term target is 1800 for Nifty I still feel at 2200 we have bottomed out in October 2008. Business won't allow things to go out of hand so easily. So hard work next 6 months would bring economy back in shape ? Thats what I hope and I am doing the same with my client. Astrological predictions say the same. Regards, Ravi.
	() Thanks

13th March 2009, 10:28	#1062
sanjaymugur BHPian Join Date: Apr 2005 Location: Bangalore Posts: 262 Thanked: 57 Times	will be covering my longs @2680-2690 range today & let market tell me where it is trying to move... will watch out for 2732 NF to decide to go long or if closes below 2680 NF i will open short positions.....
	() Thanks

13th March 2009, 12:00	#1063
ravibhat Senior - BHPian Join Date: Jul 2006 Location: Bangalore Posts: 2,256 Thanked: 37 Times View My Garage	I think bhartiairtel has trouble. If it won't boucne back to 565 levels it might crash down to 510 levels in coming days. I feel that will be best opportunity to enter this stock for long term (2+ yrs) target of 1000+ ? Ravi.
	() Thanks

13th March 2009, 17:02	#1065
ECM BHPian Join Date: May 2006 Location: Somewhere Posts: 226 Thanked: 15 Times	Nifty ended at 2719,an example of huge short covering,hope all of you are enjoying this.Cheers.
	() Thanks