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Nifty View - August Series 2013 |
vinay28
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Joined: 24 Dec 2010
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Post: #721  Posted: Wed Aug 28, 2013 6:18 pm Post subject: |
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| rk_a2003 wrote: | | Vinay, when are you going to be a patriot by shorting dollar without becoming a martyr? Any plans? |
why should I short dollar if, instead, I can invest 10B$ soon? Just busy reallocating my portfolio!  |
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vinay28
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| Post: #722 Posted: Wed Aug 28, 2013 6:20 pm Post subject: |
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| ritapandit25 wrote: | | vinay28 wrote: | | About 5245 is last support on monthly basis. |
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Vinay forget any support. Market 2morrow down down more down more more down& down close. |
what happened today rita?  |
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rk_a2003
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Joined: 21 Jan 2010
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| Post: #723 Posted: Wed Aug 28, 2013 7:00 pm Post subject: |
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| vinay28 wrote: | | rk_a2003 wrote: | | Vinay, when are you going to be a patriot by shorting dollar without becoming a martyr? Any plans? |
why should I short dollar if, instead, I can invest 10B$ soon? Just busy reallocating my portfolio! |
Clever guy.  |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #724 Posted: Wed Aug 28, 2013 11:08 pm Post subject: |
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USD/INR 67.355 +1.044 (1.58%)
SGX Nifty fut 5294.50 +26.50 (0.5%)
Appears as though tomorrow rupee will recover. It's going to be very volatile tomorrow.
Nifty Aug fut today traded 30 million shares in fut volumes. I think highest since Nov 2011 if I am right. It was 24th Nov, a day before expiry we traded between 4600-4750 and it was marked as 2nd highest trading volume day in Nifty's history. (Where can we get this data?). And the next day of expiry brought a 120 point range recovery as short covering from days low.
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incase hourly NF 5325-5330 isnt breached, we should be falling and possibly making HnS. |
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amexhui
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Joined: 26 May 2009
Posts: 45
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| Post: #725 Posted: Thu Aug 29, 2013 2:34 am Post subject: |
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Apparently LIC was doing the buying. If so, I'd presume yesterdays low will not hold.
| vinay28 wrote: | | cash buying since morning |
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apka
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| Post: #726 Posted: Thu Aug 29, 2013 8:02 am Post subject: |
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| amexhui wrote: | Apparently LIC was doing the buying. If so, I'd presume yesterdays low will not hold.
| vinay28 wrote: | | cash buying since morning |
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dont underestimate the power of lic or dii buying. It's their volatile buying in april 2013, last year may 2012 which kept spot up and induced short covering. |
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amexhui
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Joined: 26 May 2009
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| Post: #727 Posted: Thu Aug 29, 2013 8:19 am Post subject: |
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Good point to remember.
Not underestimating LIC, but their firepower is seriously jeopardized due to repeated govt intervention. They have the lowest asset-liability ratio of just 1.5 in the entire insurance industry and may need govt recapitalization themselves within the next few years !!
| apka wrote: | | amexhui wrote: | Apparently LIC was doing the buying. If so, I'd presume yesterdays low will not hold.
| vinay28 wrote: | | cash buying since morning |
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dont underestimate the power of lic or dii buying. It's their volatile buying in april 2013, last year may 2012 which kept spot up and induced short covering. |
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vinay28
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| Post: #728 Posted: Thu Aug 29, 2013 9:37 am Post subject: |
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| apka wrote: | | incase hourly NF 5325-5330 isnt breached, we should be falling and possibly making HnS. |
HnS? next level after the pattern is up and not down. 5330 on hourly is correct but NS is better.
Today can be a big rise and/or fall but very volatile. |
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vinay28
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| Post: #729 Posted: Thu Aug 29, 2013 11:35 am Post subject: |
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| We could see a sudden crash to new lows if Syria is attacked, possibly today. |
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apka
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| Post: #730 Posted: Thu Aug 29, 2013 11:56 am Post subject: |
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53 ATP of 5300ce crossed, and 5350 spot also, in mrng they both stopped from being breached. after crossing they are holding up.
is syria that important that it will affect markets? |
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vinay28
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| Post: #731 Posted: Thu Aug 29, 2013 11:59 am Post subject: |
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| apka wrote: | | is syria that important that it will affect markets? |
any tension of war has its knee jerk reaction. But if you study market history over last 50 years, except major wars, maket recovers quickly and actually goes up.
Hence best not to carry forward long positions, even if it means having to buy at higher levels if nothing happens. Because attack should normally come at night. |
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vinay28
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Joined: 24 Dec 2010
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| Post: #732 Posted: Thu Aug 29, 2013 2:56 pm Post subject: |
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expecting infy to push it further now.
by the way apka, when you posted 5147 as expiry prediction, was there a typo error? i.e. 5417?  |
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vinay28
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| Post: #733 Posted: Thu Aug 29, 2013 3:32 pm Post subject: |
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| vinay28 wrote: | expecting infy to push it further now.
by the way apka, when you posted 5147 as expiry prediction, was there a typo error? i.e. 5417? |
infy did push it as expected.
by the way, premium 30 at the bell?  |
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vinay28
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Joined: 24 Dec 2010
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| Post: #734 Posted: Thu Aug 29, 2013 3:33 pm Post subject: |
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| gone short in last 5 min. |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #735 Posted: Thu Aug 29, 2013 3:36 pm Post subject: |
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| vinay28 wrote: | expecting infy to push it further now.
by the way apka, when you posted 5147 as expiry prediction, was there a typo error? i.e. 5417? |
i just get the numbers right but days wrong
ah well. yesterday was good, today couldn't take the benefit. |
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