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Nifty View - August Series 2013 |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #406  Posted: Mon Aug 19, 2013 2:28 pm Post subject: |
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| Hoping for a sharp upmove now. |
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vinay28
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Joined: 24 Dec 2010
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| Post: #407 Posted: Mon Aug 19, 2013 2:34 pm Post subject: |
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| I will watch how ril moves from here on. |
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ragarwal
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Joined: 16 Nov 2008
Posts: 582
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| Post: #408 Posted: Mon Aug 19, 2013 2:42 pm Post subject: |
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grt observation vinay 28.hopefully the market moves on frm here.   |
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vinay28
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| Post: #409 Posted: Mon Aug 19, 2013 2:44 pm Post subject: |
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| ragarwal wrote: | | grt observation vinay 28.hopefully the market moves on frm here. |
danke! |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #410 Posted: Mon Aug 19, 2013 3:09 pm Post subject: |
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| vinay28 wrote: | | Ratio of indiavix to cboevix went way above 1.5. That is normally a sign of bottoming out. Let's see. |
it's time to have new ratios, usdinr will fudge up everyone's earnings and balance sheets. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #411 Posted: Mon Aug 19, 2013 3:13 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | | Ratio of indiavix to cboevix went way above 1.5. That is normally a sign of bottoming out. Let's see. |
it's time to have new ratios, usdinr will fudge up everyone's earnings and balance sheets. |
it's a ratio of two vix, apka. nothing to do with $ |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #412 Posted: Mon Aug 19, 2013 3:20 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | | vinay28 wrote: | | Ratio of indiavix to cboevix went way above 1.5. That is normally a sign of bottoming out. Let's see. |
it's time to have new ratios, usdinr will fudge up everyone's earnings and balance sheets. |
it's a ratio of two vix, apka. nothing to do with $ |
what i meant was, earlier movements were linked with global falls and rise... and underlying gdp, $ rate, etc. were good. now everything is becoming adverse for indian economy and companies. so what worked earlier may actually not right now as we are delinked from global market movement right now. |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #413 Posted: Mon Aug 19, 2013 3:32 pm Post subject: |
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| Vinay, capitulation level was near 5432 last time in April... if you come to know for this time... |
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saurabhkurichh
White Belt
Joined: 30 Oct 2006
Posts: 127
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| Post: #414 Posted: Mon Aug 19, 2013 3:43 pm Post subject: |
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Would be nice to know Ramesh raja Sir's view on the nifty from a Longer term tf. It surely can be a very trustworthy view .
If someone can private message him , do let him know , that we are waiting eagerly |
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tangotaurian
White Belt
Joined: 18 Oct 2007
Posts: 30
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| Post: #415 Posted: Mon Aug 19, 2013 4:20 pm Post subject: |
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@ saurabhkurichh -
Below is RR Sir's view got from his site. I simply copy pasted it here.
@ ST Sir - sorry for copy pasting, but thought it may be useful to everyonce. If you find it inappropriate then please delete my post.
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Nifty Future:
Nifty headed to 5000 and any bounce in market should be utilised to short and in next few days it can pullback to around 5625. So far IT and Pharma stocks along with Reliance were supporting the market from a big fall has become weak from last Friday.. Market will continue to face severe selling pressure and henceforth, bears presence will be more pronounced. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #416 Posted: Mon Aug 19, 2013 4:46 pm Post subject: |
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bye bye rate cuts
| Quote: | Axis Bank hikes base rate by 25 bps
After a slew of monetary tightening measures that has led to a spike in short term lending rates, banks of late have started reversing the interest rate cycle from cutting to hiking. India's third largest private sector lender Axis Bank on Monday emerged as the first big bank to hike its base rate by 25 bps to 10.25 percent per annum. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #417 Posted: Mon Aug 19, 2013 5:24 pm Post subject: |
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from FNO and weekly charts combined, 5380 is best support on closing basis and next major daily basis support is at 5280.
5280 if comes will give minimum 60-70 points bounce. And Bank nifty fell towards close again and didn't manage to cross it's ATP intraday even though nifty did for just few minutes. So, bank nifty should go further down taking nifty down also. 8780-8820 spot comes as a very good weekly support for bank nifty and we will see a bounce there.
5400ce has added more than 200% OI in a single. So, it's next 2 days are important to see. Whether if we make new lows, but trade above today's low for most time or not.
USDINR is hampering all bullish momentum and VIX had cross 26 today. The next resistence for VIX comes near 28-28.50. Near that if it comes, we will see options profit booking. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #418 Posted: Mon Aug 19, 2013 7:12 pm Post subject: |
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| apka wrote: | | Vinay, capitulation level was near 5432 last time in April... if you come to know for this time... |
where did you get this? I was trying to find it since yesterday. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #419 Posted: Mon Aug 19, 2013 7:44 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | | Vinay, capitulation level was near 5432 last time in April... if you come to know for this time... |
where did you get this? I was trying to find it since yesterday. |
Straight from the horse's mouth, you. I also have memory like Saumya, for some things  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #420 Posted: Mon Aug 19, 2013 8:02 pm Post subject: |
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| Quote: | India will ban the duty-free import of flat-screen televisions from 26 August, the government said in a statement on Monday, adding to a package of measures designed to prop up the rupee by stemming the flow of foreign currency out of the country.
Government officials estimated that more than 1 million television sets were brought into the country last year — many from Dubai, Thailand and Singapore — under a scheme that allowed airline passengers to bring in screens worth up to 35,000 rupees as part of their baggage allowance.
Under the new rules, passengers will have to pay a 35 percent duty and other charges, the officials said. |
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