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Nifty View - December '14 Series |
vinay28
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Joined: 24 Dec 2010
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Post: #1  Posted: Thu Nov 27, 2014 7:30 pm Post subject: Nifty View - December '14 Series |
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Nifty for Friday (28/11/14)
Supports are at about 8485, 8464, 8435, 8387 and 8298 while resistances are at about 8516, 8529, 8537 and 8580. Four +WWs can give about 8524 (if above 8435), 8546/96 (if above 8446) and 8569 (if above 8485) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8450/31 (if below 8513) (-WWs with much lower targets are not mentioned as of now). A channel BO/BD can give 8595/8365.
Nifty rose again but closed just below 8500. The bearish div persists and will not go unless nifty crosses 8536. Friday must close above 8512 and preferably above 8531. Friday is also an important day being weekly and monthly close. A close below 8477 will be bad but a close below 8430 will invite bears. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully being an expiry day. |
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vinay28
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Joined: 24 Dec 2010
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| Post: #2 Posted: Thu Nov 27, 2014 8:07 pm Post subject: |
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60tf chart. pattern of volume in "next month's" NF in last 3 days upto expiry. pattern is same since feb. Though normally this is true for all months, nifty has fallen only in one month if I remember right.
Incidentally, as of yesterday, FIIs' average cost was 8633NF. Today's figure is not available. I won't be surprised by a 200-300 point rise in 3 days. Pl correct me if I am wrong.
Caveat - if NS doesn't cross 8536, doesn't close above 8531 and closes below 8430, above bullish feeling is negated. |
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vinay28
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| Post: #3 Posted: Fri Nov 28, 2014 8:06 am Post subject: |
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| as of eod yesterday, FIIs' average price was 8555. sgx high was 8596. it should come down towards 8555 when it becomes a buy. |
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rsnerella
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Joined: 30 Jul 2008
Posts: 153
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| Post: #4 Posted: Fri Nov 28, 2014 8:38 am Post subject: Market Direction |
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| FII Average cost 8631/8555. These numbers are not seen earlier in index. Are you predicting future prices? |
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vinay28
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| Post: #5 Posted: Fri Nov 28, 2014 9:46 am Post subject: Re: Market Direction |
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| rsnerella wrote: | | FII Average cost 8631/8555. These numbers are not seen earlier in index. Are you predicting future prices? |
no this is their average of contracts for all months in future also. |
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saurabhkurichh
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Joined: 30 Oct 2006
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| Post: #6 Posted: Fri Nov 28, 2014 9:47 am Post subject: |
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| Vinay is there not a upper trend line resistance in NIFTY SPOT on daily charts around 8625-40 |
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vinay28
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| Post: #7 Posted: Fri Nov 28, 2014 9:56 am Post subject: |
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| saurabhkurichh wrote: | | Vinay is there not a upper trend line resistance in NIFTY SPOT on daily charts around 8625-40 |
yes saurabh, 8626 I think, otherwise 8731. |
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apka
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Joined: 13 Dec 2011
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| Post: #8 Posted: Fri Nov 28, 2014 11:18 am Post subject: |
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| exited my dec long took a week back |
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vinay28
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| Post: #9 Posted: Fri Nov 28, 2014 11:25 am Post subject: |
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| apka wrote: | | exited my dec long took a week back |
8665/86 max I feel in this move. Must come down to 8590/55 on Monday.
Global bond yields are worrying |
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apka
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| Post: #10 Posted: Fri Nov 28, 2014 11:27 am Post subject: |
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| vinay28 wrote: | | apka wrote: | | exited my dec long took a week back |
8665/86 max I feel in this move. Must come down to 8590/55 on Monday.
Global bond yields are worrying |
Ok. Then why is there decoupling between equity markets and bond market?
Remember the famous decoupling everyone used to honk about in 2010 when we again went for 6300. |
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vinay28
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| Post: #11 Posted: Fri Nov 28, 2014 11:31 am Post subject: |
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| apka, ours is just an orgasm. bond yields became a worry only yesterday but simultaneous fall in oil has sent our market up. Weekend will cool down tempers. I am -ve on monday |
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apka
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| Post: #12 Posted: Fri Nov 28, 2014 11:33 am Post subject: |
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I see thanks. Now if you could please look at my silver investment thread and lend some advice.  |
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vinay28
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| Post: #13 Posted: Fri Nov 28, 2014 11:42 am Post subject: |
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| apka wrote: | | I see thanks. Now if you could please look at my silver investment thread and lend some advice. |
best is to ask our dear friend about silver. are you not in contact with him?
BTW, BSE capitalisation crossed 100 trillion for first time. wow |
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apka
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| Post: #14 Posted: Fri Nov 28, 2014 11:52 am Post subject: |
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| vinay28 wrote: | | apka wrote: | | I see thanks. Now if you could please look at my silver investment thread and lend some advice. |
best is to ask our dear friend about silver. are you not in contact with him?
BTW, BSE capitalisation crossed 100 trillion for first time. wow |
Not in touch... |
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riteshucha
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Joined: 19 May 2012
Posts: 1292
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| Post: #15 Posted: Fri Nov 28, 2014 11:55 am Post subject: |
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in 20 years of the last 25 years, dec month has given 3/4% rise in nifty...
(read it somehwere)
well first day started with 1%....
lets see what happens going forward... |
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