Here's the profile chart of the Nifty Future
The profile picture is again "b" shaped which speaks about shorts being covered.This can be checked with the discount/ premium of the future price.
You can also see that the value did not catch up with the action in price.So all the young bulls, be cautious yet, though shorts have been covered there is no evidence of aggressive new longs being taken.
This will have to be validated though, at the open tomorrow where if we do not see a large up movement in the first 60-90 minutes, then the possibility of a side-ways move or a test to a previous reference point ( in our case 5065/78) increases.
Hope to catch you all in the morning.Some interesting comments about global markets in the comments section. Please keep them coming.
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10 comments:
Good to see the ES back up at 1078. Yesterday's drop was unwarranted and I was surprised.
We have reacted once from 1083 and need to watch this level hereon.
Thought last night that the ES would get to 1083 before we do to 5065, but our market is more mature and didn't even react to the drop in the US markets last night !! :) .
Sir,
I don't know about your internet problem and i was thought you're not convinced with this up move so that you are in silent today. Morning at one point nifty in discount of around 15 point and gradually it reduced and turn back to premium in the latter session.
Today morning Bharti latter Hero Honda and Tata motor,Rel infra help the nifty to moved well.
Tomorrow's Initial balance period we get some clue through nifty premium whether this up move continue or not.
Am i right sir?
KPM fazal,
All trades done here are with MP.
It is not possible always to post a chart with an alert, but the same can be checked at your end with the given afl.
Sara,
Always better to air your doubts in the comments.Today was an exception, but generally I am around.
goodmorning shai, goodmorning friends
:)
Gm Shai,
I hope we have a nf trade with U today
GM Shai and all!
Good Morning Shai!
Shai look at grasim
1822 in few min.
Thx alot
I hold so I gain
Hope to book out near 1850++
Shai..
gm..
hope ur net is on..
this weekend at ur comfort co=relation analysis
public demand:Piyush, manu &ourjust nifty group
GM all.
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New post done.
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