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Nifty View - August Series 2013 |
vinay28
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Post: #226  Posted: Thu Aug 08, 2013 2:56 pm Post subject: |
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| rameshraja wrote: | Mr Vinay
Looks like Spot closing below 5625 |
indeed Mr Raja, looks like that. I am only confused since this week is truncated e.g. if we had only 2-3 working days in a week, how much to trust a weekly closing is not clear. |
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vinay28
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| Post: #227 Posted: Thu Aug 08, 2013 2:57 pm Post subject: |
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| vishyvaranasi wrote: | | vinay28 wrote: | | Let's watch banknifty now. |
Vinay wat do u expect from bank nifty?Can we expect an upmove |
yes vishy. sbi/icici/indusind look good for a few days |
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vinay28
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| Post: #228 Posted: Thu Aug 08, 2013 3:02 pm Post subject: |
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| is there a diamond formed from 12.30 to 2.30? |
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vishyvaranasi
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| Post: #229 Posted: Thu Aug 08, 2013 3:03 pm Post subject: |
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Vinay,
Would u support an open buy position in SBIN with the results on Monday( i have a position)
vishy |
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vinay28
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| Post: #230 Posted: Thu Aug 08, 2013 3:13 pm Post subject: |
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| vishyvaranasi wrote: | Vinay,
Would u support an open buy position in SBIN with the results on Monday( i have a position)
vishy |
dicey vishy but worth the risk I feel. at least a small qty. |
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vinay28
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| Post: #231 Posted: Thu Aug 08, 2013 3:14 pm Post subject: |
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| vinay28 wrote: | | is there a diamond formed from 12.30 to 2.30? |
???????? |
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vinay28
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Posts: 11748
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| Post: #232 Posted: Thu Aug 08, 2013 3:22 pm Post subject: |
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| vinay28 wrote: | | vishyvaranasi wrote: | Vinay,
Would u support an open buy position in SBIN with the results on Monday( i have a position)
vishy |
dicey vishy but worth the risk I feel. at least a small qty. |
but wait for price to settle after results if they come intraday unless you get a good spike. I think 1620 is SL. |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #233 Posted: Thu Aug 08, 2013 4:30 pm Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | | is there a diamond formed from 12.30 to 2.30? |
???????? |
ok, so now till that line holds below, trade is for upside? |
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apka
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Posts: 6137
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| Post: #234 Posted: Thu Aug 08, 2013 4:31 pm Post subject: |
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| bank nifty was phoos phoos in the end. NR7 didnt result in anything special in it. |
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vinay28
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apka
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| Post: #236 Posted: Thu Aug 08, 2013 6:27 pm Post subject: |
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ok, so first you find lady shoes, then diamond.. now what's next? 
Appears as though, Bank nifty on weekly charts has hit multiple support zones and have accordingly bounced and closed. Chart given below. Wouldn't be surprised to see a movement upto 10300-10400 in next week. But I am unsure, would wait to see what SBIN contributes to Bank Nifty on Monday.
Same way nifty has also found some weekly support. |
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apka
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Posts: 6137
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| Post: #237 Posted: Thu Aug 08, 2013 6:39 pm Post subject: |
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| Following up to the BN chart closing lines I posted during the day, here is final update after today's weekly close. Appears to have taken the support. |
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apka
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| Post: #238 Posted: Thu Aug 08, 2013 6:40 pm Post subject: |
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anybody knows what it means
| Quote: | The Reserve Bank of India announced on Thursday new measures to drain cash from the financial system in a bid to address volatility in currency markets, following up on a slew of steps announced last month.
The central bank will auction 220 billion rupees of government cash management bills every Monday, it said in a statement, without specifying for how many weeks the sales would last.
The duration of cash management bill sale will be announced one day before the auction, it said.
The rupee closed at 60.88/89 per dollar on Thursday, compared with 61.30/31 on Wednesday.
($1 = 61.2050 Indian rupees) |
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Andre
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Joined: 06 Jun 2012
Posts: 220
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| Post: #239 Posted: Thu Aug 08, 2013 7:15 pm Post subject: |
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Apka.....
These are essentially liquidity sucking measures....which essentially drains out the money flow from the system so as to interest and other rates can be kept at higher level...these measures are similar to ones which RBI took after asian crisis in order to stem the depreciation of the currency...
I dont know how much further it will push up the short term rates i.e overnight money market interest rate.....but one thing is definite that interest rate and liquidity is going to be firmer from here...
Actually RBI doesnt want to increase CRR or SLR rate at the moment in order to stem the depreciation of rupee....as these measures will almost kill the growth left in the system...these are intermediate steps...CRR and SLR are kind of "RAMBAN" for RBI at the moment which they will take only in extreme conditions.
Regards,
| apka wrote: | anybody knows what it means
| Quote: | The Reserve Bank of India announced on Thursday new measures to drain cash from the financial system in a bid to address volatility in currency markets, following up on a slew of steps announced last month.
The central bank will auction 220 billion rupees of government cash management bills every Monday, it said in a statement, without specifying for how many weeks the sales would last.
The duration of cash management bill sale will be announced one day before the auction, it said.
The rupee closed at 60.88/89 per dollar on Thursday, compared with 61.30/31 on Wednesday.
($1 = 61.2050 Indian rupees) |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #240 Posted: Thu Aug 08, 2013 8:02 pm Post subject: |
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| Andre wrote: | Apka.....
These are essentially liquidity sucking measures....which essentially drains out the money flow from the system so as to interest and other rates can be kept at higher level...these measures are similar to ones which RBI took after asian crisis in order to stem the depreciation of the currency...
I dont know how much further it will push up the short term rates i.e overnight money market interest rate.....but one thing is definite that interest rate and liquidity is going to be firmer from here...
Actually RBI doesnt want to increase CRR or SLR rate at the moment in order to stem the depreciation of rupee....as these measures will almost kill the growth left in the system...these are intermediate steps...CRR and SLR are kind of "RAMBAN" for RBI at the moment which they will take only in extreme conditions.
Regards,
| apka wrote: | anybody knows what it means
| Quote: | The Reserve Bank of India announced on Thursday new measures to drain cash from the financial system in a bid to address volatility in currency markets, following up on a slew of steps announced last month.
The central bank will auction 220 billion rupees of government cash management bills every Monday, it said in a statement, without specifying for how many weeks the sales would last.
The duration of cash management bill sale will be announced one day before the auction, it said.
The rupee closed at 60.88/89 per dollar on Thursday, compared with 61.30/31 on Wednesday.
($1 = 61.2050 Indian rupees) |
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okay, thanks. the base i understand as written is for draining liquidity. i understand how crr, slr, repo rates effect in that regards. but i dont know what this CMB are even though i searched for it i dont understand what exactly are the cash management bills, who buys them, in what currency and what is exchanged in return and how it affects liquidity, thats what I basically wanted to understand? so this thing will again bring downside in bank stocks as it did when RBI earlier announced the measures? |
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