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FOR THE WEEK OF SECOND NOV-09- 9TH NOV TO 14 TH NOV-WEEKLY

 
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Author FOR THE WEEK OF SECOND NOV-09- 9TH NOV TO 14 TH NOV-WEEKLY
veerappan
Expert
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Joined: 19 Dec 2007
Posts: 3357

Post: #1   PostPosted: Sat Nov 07, 2009 10:30 am    Post subject: FOR THE WEEK OF SECOND NOV-09- 9TH NOV TO 14 TH NOV-WEEKLY Reply with quote

hi,
chennai boy again [gain]...
last week it tested the levels of 4524-4536 range and bounce backed... with volatile sessions..we got 180 pts.. as per my view this much of volatile means trying
to bring it down more or it may be a new high...let us c...

for this week trend decider is 4717...already its in up only...current closing
of nf is 4790...its up...longers shd have the stop loss of atleast at 4710 or 4700... [ people wont put exact pts]... if it trades last 30 min below this 4717 means u can cut your longs first...then decide the short ...above 4717 its favour for bulls in this week- targets of 4775-4834-4888-4936-5043-5151-5260...and below 4717 favour for bears [for us is it?] for the
target of 4667-4616-4558-4500-4392-4283-4175....from my point of view still i am a bear according to my monthly trend decider of 4996..suppose if it falls below 4717 further add the shot...upside sl of 4996 on closing basis...if u r a weekly player just follow the weekly trends only....

bye bye
chennai bear boy [time being]
veeru
Very Happy Very Happy Very Happy Very Happy [each smile is -125 pts on nifty fut]
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sethu45
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Joined: 06 Aug 2009
Posts: 165

Post: #2   PostPosted: Sat Nov 07, 2009 4:51 pm    Post subject: Reply with quote

Hi Chennai (bear) Boy.

You are right. Always welcoming the bear to the market. The strategy is pull the bear max and kill and thereafter only bull. OK. I think you will also agree to this. Noted your levels. Can you please give about the Bank nifty.

sethuraman
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