I feel great pleasure in informing you, my readers, that today happens to be my 200th post on this blog. What Brian Lara has done 9 times, Don Bradman 12 times, Rahul Dravid 5 times, Sachin Tendulkar and Sunil Gavaskar 4 times each (a score of 200 and above), I have done once :-). It's nice to be in this elite club of 200 and above.
The Nifty opened with a downward gap of about 50 points consequent to bad American and Asian markets. After some initial hitches and an hour of range bound trading, it staged a good recovery to fill the gap with which it had opened but at 12:30pm it started the southward journey once again and this time it was a consistent fall. A little bit of recovery in the last 30 minutes made the Nifty end the day with a loss of 68 points and the BSE Sensex closed 238 points in the red. In the international scene, as the things stand now (at the time of writing), crude, after making a low at $101.50, is now trading close to $102.50, FTSE closed about 50 points down, while Dow Jones is about 90 points in the green after a loss of 280 points yesterday.
The Nifty opened with a downward gap of about 50 points consequent to bad American and Asian markets. After some initial hitches and an hour of range bound trading, it staged a good recovery to fill the gap with which it had opened but at 12:30pm it started the southward journey once again and this time it was a consistent fall. A little bit of recovery in the last 30 minutes made the Nifty end the day with a loss of 68 points and the BSE Sensex closed 238 points in the red. In the international scene, as the things stand now (at the time of writing), crude, after making a low at $101.50, is now trading close to $102.50, FTSE closed about 50 points down, while Dow Jones is about 90 points in the green after a loss of 280 points yesterday.

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ReplyDeleteCongratulations Vikas for making a double century .Its really a great achievement because you are giving important time of yours on daily basis to let us know the movements of market ........
ReplyDeleteWe are ( all reader)thankful to you for writing this blog & wish you grow alot in your life .....
You have a chance to break the brian lara record of 400 so keepup the good work hehehehe .....
Take care & bye.......
hi vikas , hope u remember me !!
ReplyDeletei hv been short on nifty from 4500 onwards . nifty is headed towards the lows possibly even breach it with ease .
here is the logic ...
wave 2 of last double zig zag is now over . Wave 3 may hv now begin .
a move below 4200 should confirm my beleif .
another trigger could be closign below 4350 which should trigger the bears as that would confirm a lower top and lower bootttom . ( check line chart of fut nifty )
happy trading !!
krishna