Indian Charts: Nifty HnS ( chances of 5238 )

Wednesday, February 29, 2012

Nifty HnS ( chances of 5238 )

First this chart in 10min TF.

Vipani expects 5238 ::http://marketsmusic.blogspot.com/2012/02/kaprekar-numbers-again.html

These FREAK trades occured 2 times last year . And both of times Nifty touched the figure. So expect 5263 in Nifty futures.
Gold and crude sold hard yesterday . Not good for other asset classes too.

Also high premium although it got decreased yesterday a bit. 5 hour charts are looking bearish . And looks like my analog will work and nifty Futures will hit the lower daily bolinger band.

http://markettechnicals-jonak.blogspot.com/2012/02/nifty-correction.html

So changing my views from yesterday. We will go long once nifty is 5240 area.

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"The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight."

---Jesse Livermore

"What beat me was not having brains enough to stick to my own game – that is, to play the market only when I was satisfied that precedents favoured my play. There is the plain fool, who does the wrong thing at all times everywhere, but there is also the Wall Street fool, who thinks he must trade all the time. No man can have adequate reasons for buying or selling stocks daily – or sufficient knowledge to make his play an intelligent play."

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Wednesday, February 29, 2012

Nifty HnS ( chances of 5238 )

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