| View previous topic :: View next topic |
| Author |
Nifty View - December '14 Series |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
Post: #31  Posted: Sat Nov 29, 2014 1:16 pm Post subject: |
 |
|
Nifty for Monday (01/12/14)
Supports are at about 8573, 8527, 8507, 8473 and 8438 while resistances are at about 8613, 8632, 8675 and 8733. An unfilled gap on lower side is at about 8494. A +WW can give about 8642 (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8563, 8544 (if below 8605) and 8502 (if below 8618) (-WWs with much lower targets are not mentioned as of now).
Nifty rose sharply again in spite of a gap up open and closed just below 8600 indicating strong bullishness. The bearish div has vanished but the -ve div persists and nifty looks overbought though some upside is still possible. A close below 8533 will be bad but a close below 8488 will invite bears. Global and local eco-political events can have a bearing on how nifty moves in short term. |
|
| Back to top |
|
 |
|
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #32 Posted: Mon Dec 01, 2014 9:36 am Post subject: |
|
|
| Are you going to long nifty for trgt towards 8700? |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #33 Posted: Mon Dec 01, 2014 9:38 am Post subject: |
|
|
| apka wrote: | | Are you going to long nifty for trgt towards 8700? |
hahaha. apka, I am short now and will watch 8632NS first and then 8675. on down side I am expecting 8527/8500.
I expect very volatile day today. |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #34 Posted: Mon Dec 01, 2014 12:02 pm Post subject: |
|
|
| bond yields at 16 month low |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #35 Posted: Mon Dec 01, 2014 12:25 pm Post subject: |
|
|
| So sentiment is positive for rate cut expectation tomorrow |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #36 Posted: Mon Dec 01, 2014 12:28 pm Post subject: |
|
|
| apka wrote: | | So sentiment is positive for rate cut expectation tomorrow |
I feel no rate cut but otherwise no idea.  |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #37 Posted: Mon Dec 01, 2014 12:31 pm Post subject: |
|
|
| Yaar inflation is down, crude is down.. Manufacturing industries are down.... Ab nahi toh kab |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #38 Posted: Mon Dec 01, 2014 12:40 pm Post subject: |
|
|
| apka wrote: | | Yaar inflation is down, crude is down.. Manufacturing industries are down.... Ab nahi toh kab |
I have already told Raghu not to cut rates.  |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #39 Posted: Mon Dec 01, 2014 1:34 pm Post subject: |
|
|
| vix up 5% |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #40 Posted: Mon Dec 01, 2014 2:54 pm Post subject: |
|
|
| nifty fut has fallen from 8625 to 8605 but 8300pe has lost premium. |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #41 Posted: Mon Dec 01, 2014 3:09 pm Post subject: |
|
|
| apka wrote: | | nifty fut has fallen from 8625 to 8605 but 8300pe has lost premium. |
8587NF may not break strongly |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #42 Posted: Mon Dec 01, 2014 3:22 pm Post subject: |
|
|
| covered my short and went long in nifty. |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #43 Posted: Mon Dec 01, 2014 3:25 pm Post subject: |
|
|
Thanks for the tip...... Err, I mean information  |
|
| Back to top |
|
|
AjitS
White Belt
Joined: 21 Aug 2013
Posts: 138
|
| Post: #44 Posted: Mon Dec 01, 2014 3:29 pm Post subject: |
|
|
| vinay28 wrote: |
... on down side I am expecting 8527/8500.
|
Vinay,
Were you expecting this level today itself? |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #45 Posted: Mon Dec 01, 2014 6:30 pm Post subject: |
|
|
| AjitS wrote: | | vinay28 wrote: |
... on down side I am expecting 8527/8500.
|
Vinay,
Were you expecting this level today itself? |
as a possibility, yes but near eod it seemed to me that bottom was over or very near e.g. may be 8541/35 at the most tmrw. Based on this feeling I covered my short and went long.
In any case tmrw being rbi policy, volatility can be high and it's better to decide short term trade after noon. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
