Dear novice1000,
Sorry for the confusions!
As you know, there are HELL lot of PLAYERS in the stock market. ST MT LT trader and investors!
Some BIG SHARKS and some SMALL fishes! :)
My profit calls was when nifty reached the minimum expected level of 4575.
Being a positional trader, I do not go for BUY LOW and SELL HIGH!
My BS rules for trading are different from those BUY and HOLD type as explained on my homepage. :)
For normal long term investors (BUY and HOLD kind of investors), rules of GAME are different.
Before the start of day, data available showed that FIIs were marginal net sellers. In order to maintain nifty in green territory, a major BIG player need to support that position. Today data clearly show that FIIs are going LONG on Nifty even though those BS experts want us to believe some fancy terms like short covering ! :)
With major BUYing by FIIs today, it is quite clear that that sensex of 10000 or nifty of 4000 will not come!! :) :) Those who are still habitual of SHORT SELLing will be out of the MARKET in coming UPMOVE again if FIIs continue to do what they did today! :)
With minor UP and DOWN in Nifty, the BULLish trend would continue!
As Buffet says, Stock market is designed to transfer the money from ACTIVE to PASSIVE. So I wish to wait for clarity. UPSIDE around 4600 was LIMITED as per the current intermediate plan. :) In case Nifty goes above 4700, then we will be into interesting time again as the rally will easily take us to 4850+ levels. Again, we will need to watch those PLAYERS playing the GAME on daily basis!
Another point to note: DOLLAR YEN ratio is on UPMOVE (109+) signaling BULL run in Equity market!
Gud luk & happy investing! :) |
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