Market Gravitates or We Spot those LEVELS…. Mystery !!

BANK NIFTY

Here in this very space we have written Y’day and updated today intra-day too: @ 9106 wrote to Sell CNX Bank INDEX on any Rise. It would tumble to 8719 level very shortly.  Bang on… just in 48 hrs it collapsed to exactly our level, precisely 8715, a whooping fall of 400 points. 

 In the same breathe you were forewarned that for NF not crossing 5165-68 would weaken it to 4994 – 4970 levels. Exactly from 5168 of y’day it has nosedived uptill 5017.

 

These are indices: Non-manipulatable, Non-influential. How did it happen, who did it, can there be any attributes at all !!!!  Its our ever dependable charts, Analytical skills and wisdom of Insight. Collectively Technical Analysis. Just Pure Intelligence.

Yesterday  I written about Bank stocks…Just click here

Read Yesterday’s Guesstimates

Many Traders had asked about MTNL…..and they say I don’t about failure calls.First of all about MTNL….Technically was /still looking hot …But I had written many times never act blindly in market and always consider price as Father of stock/Commodity.

-Now click here and see…the reason ..Why MTNL had crashed in yesterday’s trade.

Now about Failure calls.If I recommend any stock or do analysis then I always write Support/Resistance levels.(Never in life trade without stoploss/never be rigid/and always remember Sensex/Nifty are Barometer of Market…if trend becomes down..and sentiment changes then no stock will perform the way I had written or anybody else writes )

-But ,I like Critics very much..Not from Today ,But from last 16-17 years.I also know that 90% Traders are losers only 5% Traders are neutral (They will lose and earn will do time pass )and only 5% Traders will earn from Stock Market/Commodity Market or Currency Mkt.

I Don’t want to impress anybody in my Life ,Not Thirsty for Money too.First in life try to achieve something then write or say something.

 We eagerly await the times when Indian Academicia makes Technical Analysis a curriculum atleast at Master Course level.