Author Topic: My CNXIT view  (Read 6351 times)

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Offline daytrader7459

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Re: My CNXIT view
« Reply #15 on: October 09, 2014, 02:48:16 PM »
do we really in process of repeating 7 march 2014 incident like
in cnxit a big fall on 7th march(10272-9966) and on 10 march 10033-9792 net : 480 down in 2 days
and a big gap down on 13th march... low 9433

in banknifty 7th march -11947-11332 ,10th mar 12157-11784  net :825  up in 2 days

cnxit low 9433 on 13march has been successfully breach on 11 june  almost taken one quarter to recover ,,,,we hav infy result  2morow  ,,, do we really hav a big down day 2morrow  ,,if this is the background ,,,only market will confirm ,,,

enjoy ur trading

Offline karan

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My CNXIT view
« Reply #16 on: October 09, 2014, 08:42:56 PM »
IMP day for CNX IT tomorrow ....INFY results :-\

Regards,
Karan
Karan Kulkarni

Offline daytrader7459

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Re: My CNXIT view
« Reply #17 on: October 10, 2014, 09:14:58 AM »
11191-10985 is the range to follow on closing basis and trade according

like in nifty 7970-7910 level closing extreme ...

Offline daytrader7459

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Re: My CNXIT view
« Reply #18 on: October 10, 2014, 10:40:35 AM »
11191-10985 is the range to follow on closing basis and trade according

like in nifty 7970-7910 level closing extreme ...

although the level i mentioned  is the trading plan ,,,
trading view is this is a pull back of recent downfall and probably market will not make a new high
trading range is 11000-11500 ,,probably will  seee a profit booking or correction in comng days ,,,,all these view true till the time not making a new high and closing above it,,,

let see only market will tell which way it wanted to go ,,,

Offline daytrader7459

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Re: My CNXIT view
« Reply #19 on: October 17, 2014, 12:45:37 PM »
11191-10985 is the range to follow on closing basis and trade according

like in nifty 7970-7910 level closing extreme ...

although the level i mentioned  is the trading plan ,,,
trading view is this is a pull back of recent downfall and probably market will not make a new high
trading range is 11000-11500 ,,probably will  seee a profit booking or correction in comng days ,,,,all these view true till the time not making a new high and closing above it,,,

let see only market will tell which way it wanted to go ,,,
    my view: on technical anlysis /                                                                                                                                              technical analysis is the only way with which we the common retail investor/trader can earn bcoz if u successfully read the chart ,u can understand the market participants perception the so called value of any security,,,,,remember value can't be defined in absolute terms it is relative to ur perception bcoz with the same kind of information two analyst can come with different view ,, market  discount every thing before it happens  ,,always ahead of fact to come ,,,,with chart analysis u can analyse the behavior of informed and insider trader ,,,, its a game of probability so it does not mean  technical trader never go wrong ,,, its a game of probality ,risk management and money management .........good luck technical traders

Offline daytrader7459

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Re: My CNXIT view
« Reply #20 on: October 20, 2014, 11:02:35 AM »
do we really in process of repeating 7 march 2014 incident like
in cnxit a big fall on 7th march(10272-9966) and on 10 march 10033-9792 net : 480 down in 2 days
and a big gap down on 13th march... low 9433

in banknifty 7th march -11947-11332 ,10th mar 12157-11784  net :825  up in 2 days

cnxit low 9433 on 13march has been successfully breach on 11 june  almost taken one quarter to recover ,,,,we hav infy result  2morow  ,,, do we really hav a big down day 2morrow  ,,if this is the background ,,,only market will confirm ,,,

enjoy ur trading

mkt have memories ,,,
well the correlation above  has been mentioned here in context of infy results but ,, scenario has been developed  and repeated after tcs results ...same pattern
cnxit down from its high and banknifty in process of making a new high very near....

cnxit broken a bearish h&s pattern neckline 11000 tgt 10400.....

mkt is always ahead of news ,, discounted every thing early  and before it happens ,,, thats why we have gap after acceptance or rejection of thoughts ,,,

Offline daytrader7459

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Re: My CNXIT view
« Reply #21 on: October 21, 2014, 03:04:55 PM »
cnxit seems like taken support from 10600 ,,which is not as strong as 400 level....but for the time being  taken ,,,then where it could stop ,,pull back  upto 10800 level ,,,, let see

Offline daytrader7459

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Re: My CNXIT view
« Reply #22 on: October 29, 2014, 10:19:58 AM »
the environment for cnxit is a trend  day ,but major move will come once traded above and holded 10840 ,,,i think 11000 will be a tough resistance 2 close ,,

Offline prakash

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Re: My CNXIT view
« Reply #23 on: October 29, 2014, 11:47:36 AM »
:)
Regards
Prakash Gaba