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Nifty View - December Series 2013 |
rrk2006hyd
Yellow Belt
Joined: 13 Oct 2010
Posts: 874
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Post: #241  Posted: Fri Dec 20, 2013 3:12 pm Post subject: |
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| what a weekend blast.... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #242 Posted: Fri Dec 20, 2013 3:34 pm Post subject: |
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nice trade vinay... i exited my long call in reliance yesterday of dec and today news came its high gas price has been approved ..
sometimes  |
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ca.krishna
White Belt
Joined: 17 Sep 2013
Posts: 158
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| Post: #243 Posted: Fri Dec 20, 2013 3:36 pm Post subject: |
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Now I remember Vinay, you said when reliance up, the market is up....is this means next week also markets are up.
| vinay28 wrote: | | vinay28 wrote: | | vinay28 wrote: | | saumya12 wrote: | | vinay28 wrote: | | vinay28 wrote: | | Bought 900CE of RIL as a gamble. CMP 1.40. |
enjoying 100% profit for second day in a row. |
Vinay, did you buy today at 60-70 np or missed |
of course I did. sold 2/3 for 100% profit. just like yesterday.  |
Bought at 2.1 sold at 4.80. >100% in a day AGAIN!  |
TODAY'S MOVE 1.65 TO 9.60 AS OF NOW. 6 TIMES! |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #244 Posted: Fri Dec 20, 2013 4:29 pm Post subject: |
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| ca.krishna wrote: | | Now I remember Vinay, you said when reliance up, the market is up....is this means next week also markets are up. |
He said the opposite. When markets rally due to reliance, it normally is last leg of rally.
Today's rise mainly included energy stocks reliance, ongc, cairn india .. and hdfc & IT |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #245 Posted: Fri Dec 20, 2013 4:38 pm Post subject: |
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| apka wrote: | | ca.krishna wrote: | | Now I remember Vinay, you said when reliance up, the market is up....is this means next week also markets are up. |
He said the opposite. When markets rally due to reliance, it normally is last leg of rally.
Today's rise mainly included energy stocks reliance, ongc, cairn india .. and hdfc & IT |
Now there is a fundamental shift which was materialized concretely in case of Reliance and I think the old adage is no more valid.
If there is no Jaipal Reddy in the cabinet Reliance must have taken up market by another 100 points. Still the gas price hike approval by cabinet has a long lasting effect on reliance profit potential not only at current generating capacity but also with future additions too.
Let Jaipalreddy go out of Cabinet as a Chief minister of 'Telangana'. Reliance will celebrate. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #246 Posted: Fri Dec 20, 2013 9:17 pm Post subject: |
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Dear friends,
If any one noticed the spurt in volume in Nse spot 5 mnt chart at 3.25 pl explain. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #247 Posted: Fri Dec 20, 2013 9:31 pm Post subject: |
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I will be away from Sunday till expiry and may not be able to post. hence giving my brief below
Previous gap at higher level is at about 6308. Three +WWs can give about 6300, 6343 and 6425 (+WWs with higher targets are not mentioned as of now). A -WW can give about 6149 (-WWs with lower targets are not mentioned as of now).
Nifty will have to close well above 6252 in Dec. A close below 50 dma, presently at about 6166 will bring bears back. Oil price and/or INR can play spoilsport and will remain key to the future of Indian markets in short to medium term. Only global cues and/or liquidity can take nifty further up. Trade carefully, expiry being next week and as nifty attempts to revisit and cross the all time high. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #248 Posted: Fri Dec 20, 2013 9:34 pm Post subject: |
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| Call put premium erosion game is going on.One day up one day down again one day up.NF even after closed above y"day high call options are not crossed the previous high. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #249 Posted: Sun Dec 22, 2013 6:27 pm Post subject: |
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Just post your comments
Does the pattern qualifies for the Cup of CnH pattern |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #250 Posted: Mon Dec 23, 2013 3:05 pm Post subject: |
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6300PE may forming IH&S
take care |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #251 Posted: Mon Dec 23, 2013 5:56 pm Post subject: |
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| Today NS and NF are NR4 day |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #252 Posted: Mon Dec 23, 2013 8:01 pm Post subject: |
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| saumya12 wrote: | | 6300PE may forming IH&S take care |
Saumya: Already rk (I think) has cautioned you that N and stock options are manipulated.
Hence I feel that any H&S, IH&S, WW, etc you may observe on option charts may not be as reliable as that formed on future or spot charts
Prakash Holla |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #253 Posted: Mon Dec 23, 2013 8:24 pm Post subject: |
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| pkholla wrote: | | saumya12 wrote: | | 6300PE may forming IH&S take care |
Saumya: Already rk (I think) has cautioned you that N and stock options are manipulated.
Hence I feel that any H&S, IH&S, WW, etc you may observe on option charts may not be as reliable as that formed on future or spot charts
Prakash Holla |
Yeah
I understand this
But many times I have found that option charts particularly ITM PUT chart give clear indications, as it shows patterns opposite to NS/NF movements.
And at that very moment I had option chart in front of me and I noticed an IH&S and so posted the message,
And it did move, from 22 to 35 in just 10 minutes. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #254 Posted: Mon Dec 23, 2013 10:57 pm Post subject: |
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| saumya12 wrote: | But many times I have found that option charts particularly ITM PUT chart give clear indications, as it shows patterns opposite to NS/NF movements.
And at that very moment I had option chart in front of me and I noticed an IH&S and so posted the message, And it did move, from 22 to 35 in just 10 minutes. |
Saumya: Tusi great ho. Keep posting. Prakash Holla |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #255 Posted: Tue Dec 24, 2013 12:36 pm Post subject: |
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since vinay is out.. apka, what can u make from FNO data...
btw, nifty within JT's tunnel range again 6294 to 6328... trading near the lower end of the range and SAR for positional short of yest at day's high... 6313... very confusing... what do u think... |
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