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Nifty View - August Series 2013 |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #421  Posted: Mon Aug 19, 2013 8:03 pm Post subject: |
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| apka wrote: | Straight from the horse's mouth, you. I also have memory like Saumya, for some things  |
oh I know I posted it but I can't find that post.
By the way, I had posted in June that, as per one theory, since nifty did not cross above 6230 in May, we could see a 13 month bear market. That makes it next August. If you recall, I have been posting levels, which if broken could lead to much lower levels e.g. 6000/5800/5500 were levels posted by me.
Now there is no support left in real sense. 5000 is just a level. Before that, as I had posted earlier, about 5170, an age old level since oct '09. And above that we have about 5280.
I am very nervous. Not for a trader or an investor but for any Indian since this is an issue of the picture we are going to show to the world, thanks to this utterly stupid and inept govt.
Today nifty filled gap created on 14/9/12 and next gap is at about 5238 created on 7/9/12. And worse still, there are gaps around 5100/4850/4740/4635, etc. etc. And we don't know where it will stop.
One thing looks very possible soon and that is, we may see a recovery before next fall begins. |
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ragarwal
Yellow Belt
Joined: 16 Nov 2008
Posts: 582
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| Post: #422 Posted: Mon Aug 19, 2013 8:07 pm Post subject: |
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| Vinay28,mayb thts the silver lining for the time being.But election gaps have yet to be filled. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #423 Posted: Mon Aug 19, 2013 8:10 pm Post subject: |
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| ragarwal wrote: | | Vinay28,mayb thts the silver lining for the time being.But election gaps have yet to be filled. |
actually the so called election gap does not exist for NS. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #424 Posted: Mon Aug 19, 2013 8:46 pm Post subject: |
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India, for sale:
| Quote: | India raises FDI cap in asset reconstruction cos to 74 pct from 49 pct
India raised the cap on foreign direct investment in asset reconstruction companies (ARC) to 74 percent from 49 percent, the Reserve Bank of India (RBI) said on Monday, another measure to attract capital inflows to support a sagging rupee.
The foreign investment limit of 74 percent in the company will include both foreign direct investment and foreign institutional investment with a single portfolio investor not allowed to exceed 10 percent of paid-up capital in the ARC, the RBI said. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #425 Posted: Tue Aug 20, 2013 12:12 am Post subject: |
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| Is there a +ve divergence (RSI) in daily chart of NIFTY |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #426 Posted: Tue Aug 20, 2013 8:58 am Post subject: |
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| saumya12 wrote: | | Is there a +ve divergence (RSI) in daily chart of NIFTY |
there is all TFs upto daily.
5365 is a multi year pivot. If that is broken then 5180 possible. |
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saurabhkurichh
White Belt
Joined: 30 Oct 2006
Posts: 127
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| Post: #427 Posted: Tue Aug 20, 2013 9:00 am Post subject: |
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| sgx.... 70 points down !!!! Jai ho UPA .... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #428 Posted: Tue Aug 20, 2013 9:04 am Post subject: |
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| I feel INR chart may show an evening star or a hanging man today. |
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saurabhkurichh
White Belt
Joined: 30 Oct 2006
Posts: 127
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| Post: #429 Posted: Tue Aug 20, 2013 9:19 am Post subject: |
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| rupee almost 64 , nifty low 5200 in futures |
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #430 Posted: Tue Aug 20, 2013 9:25 am Post subject: |
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| saurabhkurichh wrote: | | sgx.... 70 points down !!!! Jai ho UPA .... |
JAI HO SONIAAAAAAAAAAAAAAAAAAAAAAAAAA.
IS BAAR INDIA ITALY KA GULAM HOGA. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #431 Posted: Tue Aug 20, 2013 9:25 am Post subject: |
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| saurabhkurichh wrote: | | rupee almost 64 , nifty low 5200 in futures |
ya that low is a freak value. chart data is 5306.45. even then I don't recall seeing a 100 point candle for first 5tf. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #432 Posted: Tue Aug 20, 2013 9:32 am Post subject: |
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| NS candle is <50. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #433 Posted: Tue Aug 20, 2013 9:37 am Post subject: |
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| Short holders be aware. We could see a rise to 5400NF again. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #434 Posted: Tue Aug 20, 2013 9:41 am Post subject: |
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| saurabhkurichh wrote: | | sgx.... 70 points down !!!! Jai ho UPA .... |
Sonia Gandhi indeX ?
Prakash Holla
VINAY: Again you are predicting LONG. Just like divorcee marrying for fourth time, HOPE winning over EXPERIENCE?!
Last edited by pkholla on Tue Aug 20, 2013 9:52 am; edited 1 time in total |
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saurabhkurichh
White Belt
Joined: 30 Oct 2006
Posts: 127
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| Post: #435 Posted: Tue Aug 20, 2013 9:51 am Post subject: |
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ha ha ha ha ha ... nice pkholla sahab !!!!!
banks showing some strength |
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