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Nifty View - August Series 2013 |
saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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Post: #391  Posted: Sun Aug 18, 2013 8:54 pm Post subject: |
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| apka wrote: |
that is my last closing basis level to have the cup n handle intact in nifty. it's already broken in bank nifty. |
???????????
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #392 Posted: Sun Aug 18, 2013 9:49 pm Post subject: |
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| not sure, but all the patterns i have seen as examples have a falling trendline, which for nifty I see coming at 5380. |
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apka
Black Belt
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #394 Posted: Mon Aug 19, 2013 11:16 am Post subject: |
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| NS should not close below 5425 and should close above 5480 for further upmove. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #395 Posted: Mon Aug 19, 2013 12:13 pm Post subject: |
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5409 low. lower trgt side nearly done... bank nifty low 9122.
now the way OI is building up at 5400pe despite the 350 point fall in 2 days... it appears it will hold up for today and we should see some bounce from here. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #396 Posted: Mon Aug 19, 2013 12:21 pm Post subject: |
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| within 8 mins of posting, suddenly 5400pe OI changed from 96 lakh to 78 lakh... while 5400ce OI is almost doubled intraday... very weird, will break 5400 it means. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #397 Posted: Mon Aug 19, 2013 12:28 pm Post subject: |
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| apka wrote: | | within 8 mins of posting, suddenly 5400pe OI changed from 96 lakh to 78 lakh... while 5400ce OI is almost doubled intraday... very weird, will break 5400 it means. |
INR is creating problems. 63 is the target |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #398 Posted: Mon Aug 19, 2013 12:43 pm Post subject: |
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| look at the build up at 5100pe. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #399 Posted: Mon Aug 19, 2013 12:44 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | | within 8 mins of posting, suddenly 5400pe OI changed from 96 lakh to 78 lakh... while 5400ce OI is almost doubled intraday... very weird, will break 5400 it means. |
INR is creating problems. 63 is the target |
The pace of rupee depreciation is unprecedented. It’s surprising me. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #400 Posted: Mon Aug 19, 2013 12:49 pm Post subject: |
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| rk_a2003 wrote: | | vinay28 wrote: | | apka wrote: | | within 8 mins of posting, suddenly 5400pe OI changed from 96 lakh to 78 lakh... while 5400ce OI is almost doubled intraday... very weird, will break 5400 it means. |
INR is creating problems. 63 is the target |
The pace of rupee depreciation is unprecedented. It’s surprising me. |
It is reflecting the serious scarcity of $ inflow, and drop in exports / rise in import costs.
Imagine the chaos when if QE tapering is announced.
If the govt only thinks of vote banks and doesn't act on reducing consumptions and helping supply side areas, this is going to escalate alarmingly. |
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saurabhkurichh
White Belt
Joined: 30 Oct 2006
Posts: 127
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| Post: #401 Posted: Mon Aug 19, 2013 1:05 pm Post subject: |
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yes apka , vinay :- the ruppee is going to the gutters .
We might soon have a situation in which fuel imports are reduced, gold import is banned, we go to the IMF for help and worst if we have to pledge our Gold to banks in London ,UK |
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saurabhkurichh
White Belt
Joined: 30 Oct 2006
Posts: 127
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| Post: #402 Posted: Mon Aug 19, 2013 1:09 pm Post subject: |
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our political system
1. lacks accountability
2. the host of regional parties that strangle the government in order to fill their bottomless pit of demands |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #403 Posted: Mon Aug 19, 2013 1:13 pm Post subject: |
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| rk_a2003 wrote: | | The pace of rupee depreciation is unprecedented. It’s surprising me. |
rk, today's currency trade doesn't have much volume and you know what that means. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #404 Posted: Mon Aug 19, 2013 1:27 pm Post subject: |
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| vinay28 wrote: | | rk_a2003 wrote: | | The pace of rupee depreciation is unprecedented. It’s surprising me. |
rk, today's currency trade doesn't have much volume and you know what that means. |
Thanks for the information.I have not checked the chart.Busy with the work. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #405 Posted: Mon Aug 19, 2013 1:35 pm Post subject: |
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| Ratio of indiavix to cboevix went way above 1.5. That is normally a sign of bottoming out. Let's see. |
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