Wednesday, December 28, 2011

Closing above 4766

Nifty closing above 200 SMA is required if Bulls want to survive. Closing below 200 SMA may trigger fresh selling which may lead Nifty to 4300 which is 5th leg in correction.

US is down



What is dampening the Christmas spirit for many is anger at the financial sector and the huge bonuses their executives got for screwing the rest of us over—twice (Source: http://www.noquarterusa.net/blog/38857/santa-got-mugged/)
These words were written on Dec 23, 2009 in similar circumstances, when market dump all it's gain during Santa Rally.
Expect a gap down opening tomorrow as US has shaded all major gain during Santa rally. Be ready for major correction next week. If history to follow January is not a good month for Bulls.

Nifty intraday update VI Dec 28


We will keep our position open for tomorrow if stoploss will not hit, as Europe  is not promising and also US future is down

Nifty intraday update V Dec 28


Gold Rate since 1925

This is gold rate chart since 1925

Nifty Intraday update IV Dec 28


Nifty Intraday update III Dec 28


Intraday update II Dec 28

Total point gain till now 30 - 15 = 15

Nifty Intraday update I Dec 28


Thursday, December 22, 2011

Santa Rally Intraday

 
 Intraday was quite on anticipation still I fail to capitalize on it. First I cut my profit on short which was still not a bad bet but making my position on reverse was not correct. Tomorrow is not a very promising day for bulls as US closed in red. Expect minor gap down opening.