My Twitter id- BinGotrades

Dear all,

Please follow me on twitter my id is binGotrades,i will tweet my posts there as well from now on.

binGo

Nifty

Nifty - looks set for bounce back from currrent levels and 250/300 points move possible now  on upside.

buy Options of 5100 or buy Nifty Fut now.

NTPC

NTPC- AT STRONG SUPPORT LEVELS AT 140 -42 LEVELS GOOD UPSIDE POSSIBLE NOW.

Technical s - Redefined

Last evening i was wondering while sipping  coffee , that how  there are strange similarities between technical we use in analyzing stocks price movements and techincal in actual life as well

let me rephrase it for you ;

Resistance & support- Stocks as well as human beings face it all the time from adversaries and at the same time they also get support from family and friends.

Breakdown & Breakout- Stocks and human beings have so much similarities, in there respective life cycles both have to break out and break down some where.

Now some terms which are of interest to many

Money flow - There are various methods to gauge money flow in stocks be it In or Out , and a person also has phases where there is money flow in his vault at rapid phase and similarly there are phases of outflow as well.

So, by this i mean to say technical is nothing but human behavior and cycles  applied to stocks and not vice versa.
that is the reason i feel the fairly liquid stocks should follow a definitive pattern all the time as humans dabble ith them so it has automatically got human element to it.

And yes, fundamentals are elusive just because with Audit and CA's firms under there payroll companies can get whatever numbers they want remember Satyam, Enron etc .But X-ray tell us all.

BinGo

Big Boys are Playing

Big Boys are Playing 

By BinGo

There's going to be a lot of very heavy betting over the next few days, weeks, and months on what's going up, what's going down, and what's going around:

If you don't have the stomach for what's going to feel like an out-of-control rollercoaster ride, sideline yourself.
If, on the other hand, you like a lot of action, welcome to Mayhem - the preamble month to what will likely be the Summer of Some Discontent.

Indian economy is on total disarray, there are problems galore and stock markets are in firm grip of bears ,Infact hard hitting bears so bottom fishers beware you may be in for tough times.

At the end of this mega roller coaster ,We have to go much lower .

My take is wear all your protective gears to play this match .

BinGo.

Market Update ------->>>>SENSEX VIEW OF LAST WEEK ABOUT TRIANGULAR BREAKDOWN OBLIGING US , SENSEX DOWN 17000 TO 16250 >> DOWN 750 POINTS IN A WEEKS TIME  .
16250 will be a support for the markets .break of that will bring bears play the game again with a new force.

RANBAXY update on 28/04 also paying off down 500-510 to 472 levels on friday ,
Biocon -has not yet broken its support chaneel , so wait for that.

Sensex !! Triangle breakdown "Implication of 1500 points" ?

SENSEX-

Almost 2month long  lawn tennis match is over now , its time to send the ball out of park .bears are /have taken control of proceedings now.They will call the shots now.
Charts says it has broken a imp support of 17000/5150 levels .
The trade should be to Short sell Nifty with a tgt of 16000/15500 levels .while crossing of 5150/5300 spot levels will put a brakes on the plans of hard hitting Bears.

BinGo !!