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Deepak Says:
December 9th, 2008
Posted at: 12:15 pm
Hi Sir
Good Morning
sir,
1) i have one Queries when uropien market are opeing at 1.30 P.m. than our market performing as per there market. and after 2.30 market will performing differant that time what is our Trading stratage in nifty F&O. i am not sure how getting position on opening bell...................
2) as per my observstion whan other market as performing positive that time our market performing negative and other market performing negative that time our market performing positve. as last day trade. so that time we getting contra position or not ? plz advice sir.........................
CB Says:
December 9th, 2008
Posted at: 12:36 pm
Hi Deepak, yes, you are right..There are many factors markets consider before an upswing or downswing.. As of now there are no triggers in Indian markets and are following global queues. If you noticed, since all were aware of the govt investment in power and infra companies and CCR rate cut our markets showed an upmove couple of days before the actual annoucment and they day annoucment was made our markets saw a gap up opening and profit booking came in. All are trying to stay ahead of the market movement.
Usually we follow Asian markets at opening bell, In the afternoon European markets along with Dow futures (US market). In such markets I would advice to tarde using technical analysis with strict stoploss at support levels and buying when we cross a resistance level. As of now markets look weak and many are expecting us to test previous lows. Support for Nifty now is 2750. Don't buy at opening bell wait for the right time.
We will make our own moves when we have some news backing it or strong buying is seen by FII's and DII's. Trading during Election time will be volatile.
Deepak Says:
December 9th, 2008
Posted at: 12:46 pm
thank for advice sir...... hops you will gave me more knowledge, if u dont mind sir if i am asking any qusition .
CB Says:
December 9th, 2008
Posted at: 12:50 pm
Hi Deepak, no problem.. You are always welcome..