Nov 4, 2010

EOD Update Nov 4 2010

Again a Gap Up and Nf crossing all the resistance swiflty.

Today NF was going just one way and that is up up up up ...... Tomorrow Diwali may see a new high around 6317 - 6350 -6380. The FED decision has cheered up the markets worldwide.The only thing that is paining is "FED is going to average this stimulus over 5-6 years" Read Somewhere.The last hour candle today also suggest buying interest seems we are going to open higher tomorrow.

Nothing much to add as the euphoria continues.

I have shorted NF partly at 6275 and would add other at 6380 if it comes.

Again Wishing you All Happy Diwali and Prosperous New Year.

5 comments:

  1. @Rajgopal Sir

    It is because of you that i have started making profits in stocks too earlier i never use to trade in stocks

    It will always be a debt unpaid by me to you.

    Pleaseeeeeee send your address too sir if you think i am worthy at nimesh_rpatel@rediffmail.com

    Wish you too a Happy Diwali and a Happy New Year Sir

    ReplyDelete
  2. @Ilango Sir

    This Diwali is very special to me as last year till Diwali i was in huge losses to the tune of some few lakhs reason being just shorting the market continuously every month after the march 09 rise. No knowledge of technical's or any thing. Also in my family i was the most unexpected at that time CZ of losses

    After Diwali last year i came across to this blog and this Diwali i have atleast recovered all the losses and managed some profit too.

    I owe this Diwali to you sir

    Please send me your address at nimesh_rpatel@rediffmail.com i have a surprise for you sir.

    Wishing you Happy Diwali and A Happy New Year sir.

    Please send me your address too sir

    ReplyDelete
  3. mere pyare dost. bahut excitement se short nahi karo. will post u here at time to short. buy in dip hi rakho kuch time if we see new high. ok. please i am your wellwisher.

    ReplyDelete
  4. Hello Sir,

    Always booking losses in all my trades in Nifty, I tried to stick to stocks but a desire always remained. Tried hard but all my analysis fails when it comes to Nifty. So traded twice on your advice with profit. And now I am taking my positions with you and trying to learn how what and why. Hope to pick up soon and be able to reach a level enough to "discuss" with you before next Diwali.

    My heartiest wishes that may God bless you. Wish you a very happy and safe Diwali.

    Rgds..

    ReplyDelete
  5. @Anonymous

    Thanks a lot The major trend is up i know but since NF is extremely overbought i have shorted
    considering the fact that market usually retraces
    after such a huge run to check the strenth.

    I am of the opinion that we may visit 6140 again and then start the up move

    ReplyDelete