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Nifty View - December Series 2013 |
manojkr78 Green Belt
Joined: 07 Mar 2011 Posts: 1014
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Post: #121 Posted: Fri Dec 06, 2013 1:30 pm Post subject: |
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monday do you expect the market to go up based on election results?? |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #122 Posted: Fri Dec 06, 2013 1:41 pm Post subject: |
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manojkr78 wrote: | monday do you expect the market to go up based on election results?? |
absolutely no idea. it depnds on how large traders interpret election result and how fii play with their psychology. note that nifty will not go up only due to election results. global cues are a must. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #123 Posted: Fri Dec 06, 2013 1:56 pm Post subject: |
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from what level are you short in tisco Vinay and whats your trgt?
I am in long since 396 for trgt 440s.. now 422. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #124 Posted: Fri Dec 06, 2013 2:10 pm Post subject: |
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apka wrote: | from what level are you short in tisco Vinay and whats your trgt?
I am in long since 396 for trgt 440s.. now 422. |
apka, if you remember my post last week, my intial SL was daily close above 412 or intraday 413. That was triggered but I wasn't convinced and went short around 419 again with intraday SL of 428 though 425/26 may also be difficult to reach. Once it breaks 417 it may just slide. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #125 Posted: Fri Dec 06, 2013 2:30 pm Post subject: |
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BO of a small AT can give about 6280NS. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #126 Posted: Fri Dec 06, 2013 3:32 pm Post subject: |
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vinay28 wrote: | BO of a small AT can give about 6280NS. |
almost achieved. nifty setting itself for a plus/minus 300 point move. |
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #127 Posted: Fri Dec 06, 2013 3:34 pm Post subject: |
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vinay28 wrote: | vinay28 wrote: | BO of a small AT can give about 6280NS. |
almost achieved. nifty setting itself for a plus/minus 300 point move. |
Minus appears to be remote on Monday either gap up or flat. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #128 Posted: Fri Dec 06, 2013 3:39 pm Post subject: |
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rk_a2003 wrote: | vinay28 wrote: | vinay28 wrote: | BO of a small AT can give about 6280NS. |
almost achieved. nifty setting itself for a plus/minus 300 point move. |
Minus appears to be remote on Monday either gap up or flat. |
agreed but I won't rule out 5970 later unless all time high is bulldozed thru. |
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #129 Posted: Fri Dec 06, 2013 3:52 pm Post subject: |
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vinay28 wrote: | rk_a2003 wrote: | vinay28 wrote: | vinay28 wrote: | BO of a small AT can give about 6280NS. |
almost achieved. nifty setting itself for a plus/minus 300 point move. |
Minus appears to be remote on Monday either gap up or flat. |
agreed but I won't rule out 5970 later unless all time high is bulldozed thru. |
See that's why I thought to take a long position in some killer stock. But could not single out any and refrained from taking a position.
I thought that my long positions in equity could be sufficient for a kill. I am planning to book profits in most of them in the next week. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #130 Posted: Fri Dec 06, 2013 4:23 pm Post subject: |
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nifty weekly channel |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #131 Posted: Fri Dec 06, 2013 8:13 pm Post subject: |
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As far as I remember, never before has an index opened at an all time high. |
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sanjayojha White Belt
Joined: 13 Nov 2013 Posts: 151
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Post: #132 Posted: Fri Dec 06, 2013 10:49 pm Post subject: |
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vinay28 wrote: | As far as I remember, never before has an index opened at an all time high. |
Vinay ji you are right. But going by the cues of SGX nifty as of now, this time it looks possible. Keeping finger crossed for Monday. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #133 Posted: Sat Dec 07, 2013 10:27 am Post subject: |
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vinay28 wrote: | As far as I remember, never before has an index opened at an all time high. |
SGX Nifty 6392.50 Up +77.00 Up +1.2%
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #134 Posted: Sat Dec 07, 2013 11:10 am Post subject: |
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first 15 and 60 min on Monday will be interesting |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #135 Posted: Sat Dec 07, 2013 11:21 am Post subject: |
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In recent days, a chart featuring two lines like the ones shown below has been circulating among trading desks, according to hedge-fund manager Douglas Kass. It certainly looks scary, pointing as it does to a 1929-magnitude crash in January.
The chart shows the performance of the stock market over the past 18 months alongside the path the Dow Jones Industrial Average DJIA +1.26% traveled in 1928 and 1929. In emailing it to his clients, Kass, president of Seabreeze Partners Management Inc., called the similarity “eerie.” Read: Ghost of 1929 crash reappears.
McClellan said that finding chart correlations is risky, since they “all break down eventually — it’s just a matter of time.” Unfortunately, “they usually break down the moment you are most counting on it.” — |
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