Monday, October 31, 2011

Answers to comments oct31-11

Here are my answers to comments.


rocky said...
thanks sir for your revert but one thing i would ask this was swing trade and what about intra day trade on expiry day as nifty broke 3 times orb...

My Notes: This was a swing trade with the bullish head and shoulders as the base. ORB should not be traded every day, and, certainly not on F&O expiry days.
 
rohit said...
Sir but what is your gut feeling? is the bear market over? Should one start buying on dips or start shorting heavily in the range of 5450-5700.
 
My Notes: My gut feeling is that there is more downside to come. But, I do not trade on these gut feelings. Currently, trend is up while momentum is coming down, suggesting a consolidation or dip. That's the trading view.

October 31, 2011 11:34 AM

Kuldeep.rk said...
Dear Sir,
Shall we expect Nifty to fall below 5325-30 area to fill the gap till 5200?

My Notes: I should think so. But, the key question is when? Maybe now, maybe some weeks later.

2 comments:

rocky said...

thanks alot for your reply...
How to develop a view on markets each day before we actually start trading ?

amarjeet said...

respected sir,
please write on CENTURY TEXTILES.on thursday mitesh ask buy only above 320.but i am bullish on when it break 312.because it break ASSENDING TRIANGLE.where im wrong.please write with chart.