July 26, 2011

Nifty intraday Update

  • Bulls of nifty were trying to move away from the Pivot level of 5605 But their attempt was halted by RBI and price is back to this level again.
  • For the series nothing has changed we are still right in the middle of the range.
  • We can apply some physics here. This 5605 level is now acting like gravity. So either bulls or bears has to develop enough escape velocity to go out of this range. For now this attempt of bulls looks to be a failed one.

3 comments:

  1. bulls or bears....nothing matters..in market what retail does the reverse happens. RBI rate hike or +ve -ve news flows whatever this stock market manipulators are perfect in moving the mkt in their way. so no one can predict the market but only market manipulators are moving our market. One day a package for Europe will take nifty to 90-100 pt up while other day it will dip to 90-100 points on rbi rate hike. That is how innocent traders lose money in the market & all the news channels & these mkt manipulators earn. forgot fundamentals of market in our Indian market

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  2. i agree with gaurang patel,these market manipulators move 100 points in just 20 min ,and we traders break our head trying to analyse all sorts of technical analysis

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  3. If we understand the levels of market we will not be trapped in. Only those who buy any stocks at any rate gets trapped easily. We have to buy a stock, however good a company is, only at its support price.

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