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Nifty View - December '14 Series |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #46  Posted: Mon Dec 01, 2014 8:08 pm Post subject: |
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This is just a personal view and NOT a recommendation or a tip.
Nifty for Tuesday (02/12/14)
Supports are at about 8540, 8526, 8496 and 8472 while resistances are at about 8575, 8605, 8653/61, 8707 and 8733. An unfilled gap on lower side is at about 8494. Four +WWs can give about 8604/17 (once above 8565) and 8648/70 (once above 8571) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8383 (once below 8605) (-WWs with much lower targets are not mentioned as of now).
Nifty fell again and closed just above 8550. The -ve div persists and nifty looks overbought though some upside is still possible. A close above 8589 may mean more upside while a close below 8530 may be bad and a close below 8477 may invite bears. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully being a RBI policy review day. |
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yoginishreyas
White Belt
Joined: 03 Dec 2012
Posts: 80
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| Post: #47 Posted: Mon Dec 01, 2014 8:24 pm Post subject: |
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Vinayji,
First time I have noticed that Maximum CE and PE is generated on the same strike price. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #48 Posted: Tue Dec 02, 2014 9:48 am Post subject: |
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| vinay28 wrote: | | AjitS wrote: | | vinay28 wrote: |
... on down side I am expecting 8527/8500.
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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. |
8527 came today. that's why never predict a top or bottom.  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #49 Posted: Tue Dec 02, 2014 10:01 am Post subject: |
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This is just a personal view and NOT a recommendation or a tip.
We should be heading for 8700+ |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #50 Posted: Tue Dec 02, 2014 10:22 am Post subject: |
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| apka wrote: | This is just a personal view and NOT a recommendation or a tip.
We should be heading for 8700+ |
good boy! 
if nifty continues to go up from today and shows 8760 by Friday, I intend to start selling some of investment also this week. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #51 Posted: Tue Dec 02, 2014 10:34 am Post subject: |
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| vinay28 wrote: | | A good dog should retrace its steps before taking up further journey. |
good doggy!  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #52 Posted: Tue Dec 02, 2014 10:59 am Post subject: |
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| Updated NF levels. I feel if it goes down, it may not break 8543 by much. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #53 Posted: Tue Dec 02, 2014 11:39 am Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | | AjitS wrote: | | vinay28 wrote: |
... on down side I am expecting 8527/8500.
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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. |
8527 came today. that's why never predict a top or bottom. |
8500 also almost came. anyway, bought more near bottom and got out 30 above. still having yesterday's longs. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #54 Posted: Tue Dec 02, 2014 12:23 pm Post subject: |
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ohh deleted my bad...
apka, remember your funda of going against the trend half an hour after policy events???
man it always works... earned cool 40 points... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #55 Posted: Tue Dec 02, 2014 12:42 pm Post subject: |
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| riteshucha wrote: | ohh deleted my bad...
apka, remember your funda of going against the trend half an hour after policy events???
man it always works... earned cool 40 points... |
was that a recommendation/tip given by apka? |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #56 Posted: Tue Dec 02, 2014 12:49 pm Post subject: |
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hahaha... guess just an observation... dont think u can call that a recommendation or tip...
| vinay28 wrote: | | riteshucha wrote: | ohh deleted my bad...
apka, remember your funda of going against the trend half an hour after policy events???
man it always works... earned cool 40 points... |
was that a recommendation/tip given by apka? |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #57 Posted: Tue Dec 02, 2014 12:57 pm Post subject: |
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| vinay28 wrote: | | riteshucha wrote: | apka, remember your funda of going against the trend half an hour after policy events???
man it always works. |
was that a reco/ tip given by apka? |
Vinay: I guess for Apka to be put in short-list of SEBI witch-hunt, Ritesh has to pay Apka for the tip/ reco/ wink/ nudge!
Paper trail for SEBI: Funda>Tip>Funds
Prakash Holla |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #58 Posted: Tue Dec 02, 2014 1:03 pm Post subject: |
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| Apka view sounds like sabka view. Bach gaya mein. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #59 Posted: Tue Dec 02, 2014 1:07 pm Post subject: |
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| would mentioning what u obeserve (not guaranteeing or predicting) be construed as recommending or providing tip?????? |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #60 Posted: Tue Dec 02, 2014 1:14 pm Post subject: |
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if you are having a trade and share it then it's not a tip.
i don't think it's anything serious yet. it only gets serious if someone files a complaint or brings it to the notice of sebi.
i prefer to ask 'are you going to long / short for this level' or use the disclaimer which vinay did. seems legit. |
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