Nifty Analysis – 28th August 2011

By on August 28, 2011 in Analysis, S&P CNX Nifty

Weekly Analysis of Nifty.

Currently Investments are not advisable at this stage. Active trading can be done with the current set of market instruments. Volatility is going to remain high going ahead and traders need to be extremely flexible and nimble.

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6 Responses to Nifty Analysis – 28th August 2011

  1. Benzujk August 31, 2011 at 8:42 pm #

    Thank you so much for the video ST Sir. Very well explained.

    Sir, now that Nifty has jumped from 4747spot to 5001 in the past two sessions; should we call this a temporary rally or would it be appropriate to call this a sharp upmove towards 5300..levels…???

    Tc.

    Reply
  2. Siddharth September 1, 2011 at 8:50 am #

    BenzuJK as I have explained in the video there is high likelihood that market can bounce as high as 5300 +. So still I feel we will be moving up from here in near term. Overall I still think that market is not in good health and can come down as low as 4200 – 4400 once this rally plays out.

    ST

    Reply
  3. MurAtt September 1, 2011 at 11:40 am #

    How about doing a BT for falls as you have done for bounces after falls ?

    What is the max retracement over longer terms …

    For what I feel … we may not be breaking 4747 BUT if we do, as I am bullish and believe in the India story … as suggested by me earlier 4400-4200 max downsides and then we can say bye to the bears for a long long time to come.

    BUT again if THIS low remains intact then we’ve already said bye to the bears and we can see Senxsex at 30K in a year or year and a half maybe ….

    What say Sid (I like this better that Super Trader … ;) )

    Reply
  4. MurAtt September 1, 2011 at 11:43 am #

    A small tension reliever -

    God created mankind and gave unique faces to all of mankind.
    BUT he got tired after so many variations etc etc.
    So by the time he was into China he started copy-paste – copy-paste

    :D

    Reply
  5. MurAtt September 1, 2011 at 11:50 am #

    Since we are on the subject of copy-paste and that too by the Almighty .. well I just wondered what would happen if Architects (since the Almighty too is a grand architect) started copy-paste formulas in their designs.

    We would be living in a monotonous world !!!

    And think of what would happen if Analysts and Traders started this copy-paste … ooh la la … my analysis .. we would be at 4200-ish by next week and 30K Sensex by Diwali !!!!

    I am loving it … Sid & RA (Raunak and not the RA from RaOne) .. your expert comments please :D

    Reply
  6. Raunak Agarwal September 2, 2011 at 8:28 am #

    SM Bro

    What I feel at this stage is that lower levels are bound to come. Not only that, I think for a prolonged time markets are going to struggle. Trading opportunities are going to be there on both sides but largely the trend will be down.

    Somewhere down the line I think fundamentally and technically we are into the Mid 90′s zone. And this period of high interest rates, high inflation, high commodity prices and contracting growth will continue.

    I certainly don’t think this is a good time to accumulate or buy anything. However, this is going to be one of the best times to trade in the market. Volatility levels are just reverting back to their mean and before falling below it, they will expand 1SD or 2SD from it. Given the macro and micro economic outlook, at this stage it does seem that the spike is going to come on the lower side.

    Tc

    Reply

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