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Nifty View - April Series 2014 |
vinay28
Black Belt
Joined: 24 Dec 2010
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Post: #106  Posted: Tue Apr 22, 2014 11:07 am Post subject: |
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| About 6790NF and 6860NS very crucial on either side. |
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amitagg
Black Belt
Joined: 01 Oct 2013
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| Post: #107 Posted: Tue Apr 22, 2014 1:33 pm Post subject: |
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| vinay28 wrote: | | About 6790NF and 6860NS very crucial on either side. |
NS can still be in buy above 6770....and sideways if above 6730....and down only below 6670.............likely 6730 shall hold.......i expect sideays moves between 6800-7000 over next 7-10 days.....and then a gap above to 7200- 7300........6850-6950 cannot be cleaned out without a solid gap up.
otherwise good selling opportunities shall come even below 6670.....if something uncertain happens......no need to be short for positional now.....yes intra day shorts can be there....
4500+50%= 6750-6850
5110+50%=7650-7800.......lets see what happens..... |
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vinay28
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Joined: 24 Dec 2010
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| Post: #108 Posted: Tue Apr 22, 2014 1:43 pm Post subject: |
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| amitagg wrote: | | vinay28 wrote: | | About 6790NF and 6860NS very crucial on either side. |
NS can still be in buy above 6770....and sideways if above 6730....and down only below 6670.............likely 6730 shall hold.......i expect sideays moves between 6800-7000 over next 7-10 days.....and then a gap above to 7200- 7300........6850-6950 cannot be cleaned out without a solid gap up.
otherwise good selling opportunities shall come even below 6670.....if something uncertain happens......no need to be short for positional now.....yes intra day shorts can be there....
4500+50%= 6750-6850
5110+50%=7650-7800.......lets see what happens..... |
I didn't give any call, particularly shorting. Just that more down/up side below/above those levels. Worst case is 6630NS but very doubtful. Probably 6730/20. Buy on dips as of now. My view is top of about 7200 by 12/5. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #109 Posted: Tue Apr 22, 2014 1:45 pm Post subject: |
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| vinay28 wrote: | | amitagg wrote: | | vinay28 wrote: | | About 6790NF and 6860NS very crucial on either side. |
NS can still be in buy above 6770....and sideways if above 6730....and down only below 6670.............likely 6730 shall hold.......i expect sideays moves between 6800-7000 over next 7-10 days.....and then a gap above to 7200- 7300........6850-6950 cannot be cleaned out without a solid gap up.
otherwise good selling opportunities shall come even below 6670.....if something uncertain happens......no need to be short for positional now.....yes intra day shorts can be there....
4500+50%= 6750-6850
5110+50%=7650-7800.......lets see what happens..... |
I didn't give any call, particularly shorting. Just that more down/up side below/above those levels. Worst case is 6630NS but very doubtful. Probably 6730/20. Buy on dips as of now. My view is top of about 7200 by 12/5. |
this is precise trading guide.....thanks.....and i do believe the same ......in fact the same as i posted elsewhere.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #110 Posted: Tue Apr 22, 2014 4:40 pm Post subject: |
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| unless 6845 is sustained, may be 6750 first before 6900+ |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #111 Posted: Tue Apr 22, 2014 8:28 pm Post subject: |
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Today
NF - IDNR7 (Inside day plus NR7)
NS - 2NR7 (2nd consecutive NR7 day)
BN - NR7
BNF - NR7
Will tomorrow, a highly volatile day |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #112 Posted: Wed Apr 23, 2014 2:26 pm Post subject: |
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we are seeing very low roll over to next month series which is expected to be very volatile due to election results
normally nifty outstanding is at/above 2 cr of perticular month. this time roll over till now is 1.28 cr by end it can maximum strech to 1.4 cr
this low roll over has 2 implications.
first - bears are not rolling over there shorts for next month as they expect higher levels
second - bulls have gone light for next month and today will cut their trades at settlement price due to low roll over ...now scope comes for bulls to build more position if some favourable outcome comes from election
but yes low volume roll over will keep market volatile in coming days...
IMHO, that's because FIIs are sitting with heavy longs in calls and puts for May as hedge for their huge cash longs and hence NF not seeing much rollover. |
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #113 Posted: Wed Apr 23, 2014 3:06 pm Post subject: |
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| Bank nifty seems to be holding Nifty |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #114 Posted: Wed Apr 23, 2014 7:32 pm Post subject: |
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| vishyvaranasi wrote: | | Bank nifty seems to be holding Nifty |
bank nifty has given a BO and nifty will give above 6860NS, which it crossed for a second during open today |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #115 Posted: Wed Apr 23, 2014 8:08 pm Post subject: |
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Dear Vinay,
For your information,NF mar-apr premium gap not yet adjusted,so it has to be adjusted in this month.So we can trade according to this. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #116 Posted: Wed Apr 23, 2014 8:12 pm Post subject: |
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| chandrujimrc wrote: | Dear Vinay,
For your information,NF mar-apr premium gap not yet adjusted,so it has to be adjusted in this month.So we can trade according to this. |
oh thanks chandru. what level does it imply? may be you can explain again if you don't mind for brushing up |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #117 Posted: Wed Apr 23, 2014 9:11 pm Post subject: |
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Dear vinay,
Nf mar expiry day close was 6644 but same day apr close was 6683.This gap of 40 points to be adjusted in the first week of april if not the whole month will be in bull only,as per this plan the whole month of april was in bull only.So now may series NF either go first towards 6644 or where ever it goes up it will be an opportunity to go short.
If India gets hung parliament NF will march towards March 3rd low.
Last edited by chandrujimrc on Wed Apr 23, 2014 9:16 pm; edited 1 time in total |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #118 Posted: Wed Apr 23, 2014 9:15 pm Post subject: |
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| chandrujimrc wrote: | Dear vinay,
Nf mar expiry day close was 6644 but same day apr close was 6683.This gap of 40 points to be adjusted in the first week of april if not the whole month will be in bull only,as per this plan the whole month of april was in bull only.So now may series NF either go first towards 6644 or where ever it goes up it will be an opportunity to go short. |
oh ok thanks chandru. anyway I have a target of 6640 of a -ww. I also posted a few days ago that worst case is 6630. The problem is it may happen after elections before which nifty may scale new highs.
By the way similar situation exists for today's expiry also, right?
premium is anyway too high for start of series and little carry over so looks like a new game as posted today |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #119 Posted: Wed Apr 23, 2014 9:20 pm Post subject: |
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| Yes you are correct,first it should clear this month gap. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #120 Posted: Thu Apr 24, 2014 8:46 pm Post subject: |
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| chandru, this difference has to be filled up in first week of next expiry or calendar month? |
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