pankajvw
Long

Fri 1 Dec 2017 Nifty View

NSE:NIFTY   Nifty 50 Index
Hi All!

So Nifty             presently is going for  its third support at 9:40 around. This is just a retracement wave as its driven by Venus. And we are still far from turn date. But yes, the fall is severe.

One thing which I could have done better here is I could have hedged when supports were being taken out. But because of ongoing sluggishness I was thinking it would be just 20-30 points and so its not worth the effort. But nothing can be said about when will markets catch speed and when will they be slow.

But Nifty             and BN             today will bounce  back for sure. I will continue to hold patiently. And if by any chance you exited, go long again at 9:40 today.
Comment: Already on the upmove with a gap up opening
Comment: Nifty is skipping Mon-Tue turn date. Instead ogf giving a high ots giving a low. So basically more greeny fays agead.
@pankajvw sir what is ur view for next week? Please update. Don't mind d detractors. Afterall one makes his own call but finds a scapegoat to blame when things don't their way. Market has only three ways to move. So I will have equal number of supporters for each
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Why dont you accept that your anticipation has gone awfully wrong. Astro prediction have never worked for this market and they never will.
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what a joke of a prediction..
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Nice Analysis Pankaj but sometime it happens and Fundamentals override Technicals. All said and done - I read all comments and my advise to readers - This is a platform where you can learn, study and share your views/analysis. You may compliment someone if you benefit of analysis but there is certainly no fun in pointing fingures... The thing which you see live - on screen - tick by tick is "reality" and all our technical analysis is our "expectations". So you must be able to adjust your expectation with the reality then you can (if not win) but at least will be able to stop "bleed". The way Nifty was sold on expiry - I don't understand what makes you think for bounce and there has to be follow up selling on Next Day - it is like you try to catch falling dagger... who does that? And if you try - you basically ready for all blood and pain that it might cause. I would strongly recommend to use any relief rally (and believe me - don't hold longs for wait of the relief rallies - as again it an "expectation" but if you see the index falling - do not hesitate to cut the long positions. YOU MUST EXIT NOW. TAKE A BREAK - BREATH - NO POINT IN SHORTING AT THIS LEVEL BUT AT LEAST LET MARKET COOL OFF AND DECIDE RANGE FOR DECEMBER - THEN POSITION. FOLLOW THE EVENTS (FUNDAMENTAL - LIKE RBI MEET, GUJARAT ELECTIONS RESULTS, CRUDE PRICE AND THEN DECIDE STRATEGY. THE MARKETS ARE FOREVER AND THERE IS LIFE TIME TO COVER LOSSES...... NO SENTIMENTAL TRADING - THAT GENERALLY RESULT IN LOSS.
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Good bounce
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"Nifty is skipping Mon-Tue turn date. Instead ogf giving a high ots giving a low. So basically more greeny fays agead." --- more greeny days ahead..!! gone! next week also it is going to bleed, since Pankaj told it will go up.
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when the market was roaming around 10350-10400 range, there was not even one analysts, so called experts to predict this fall. Nobody in this world can say that they are analysts.. with whatever techniques/methods.. All waste fellows.
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@ManiCFD,
Very sorry to say, you dont spend time what others write here.
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Pankaj, pls stop predicting and posting.. whenever you say it will go up from now on, it is going down n down. Pls save us by not telling anything or say it will go down.
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sandy ManiCFD
@ManiCFD, lol
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