| View previous topic :: View next topic |
| Author |
Nifty View - December Series 2013 |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
Post: #1  Posted: Thu Nov 28, 2013 4:32 pm Post subject: Nifty View - December Series 2013 |
 |
|
| In case anyone is interested |
|
| Back to top |
|
 |
|
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #2 Posted: Thu Nov 28, 2013 4:51 pm Post subject: |
|
|
as I see it as of now, worst case for NS is about 5970, likely latest by 4/12, and then an all time new high in Dec. I have started "accumulating" (to the best of my tiny capacity) 6200/6300CE for Dec and axis bank.
If 5970 is taken out forcefully, then a serious re-look will be necessary. Note that a level is not sacrosant and is actually a small zone.
Last edited by vinay28 on Thu Nov 28, 2013 5:56 pm; edited 2 times in total |
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #3 Posted: Thu Nov 28, 2013 4:56 pm Post subject: |
|
|
| vinay28 wrote: | as I see it as of now, worst case for NS is about 5970, likely latest by 4/12, and then an all time new high in Dec. I have started "accumulating" (to the best of my tiny capacity) 6400CE for Dec and axis bank.
If 5970 is taken out forcefully, then a serious re-look will be necessary. Note that a level is not sacrosant and is actually a small zone. |
Good one Vinay. All these trend lines... Are they expecting a Modi victory in state elections for the Index to zoom up? |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #4 Posted: Thu Nov 28, 2013 5:52 pm Post subject: |
|
|
| rk_a2003 wrote: | | Good one Vinay. All these trend lines... Are they expecting a Modi victory in state elections for the Index to zoom up? |
I wonder RK whether it's that or whether it is just a small picture out of a big one. I say that because bjp victory in states is not of much use to country's economy. If I remember correct, except Gujarat, BJP has not done much in states as they did in centre.
Incidentally, writing of 6000pe also points to above level. |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #5 Posted: Thu Nov 28, 2013 7:38 pm Post subject: |
|
|
| vinay28 wrote: | | rk_a2003 wrote: | | Good one Vinay. All these trend lines... Are they expecting a Modi victory in state elections for the Index to zoom up? |
I wonder RK whether it's that or whether it is just a small picture out of a big one. I say that because bjp victory in states is not of much use to country's economy. If I remember correct, except Gujarat, BJP has not done much in states as they did in centre.
Incidentally, writing of 6000pe also points to above level. |
I feel these state elections if in favour of BJP would be a factor for FII to take the market to a new high. It would increase the underlying anticipation of confirmed victory in 2014.
After CLSA, Goldman Sachs... today Japan's Nomura joined in hoping for Modi / BJP govt. |
|
| Back to top |
|
|
nitesh05
White Belt
Joined: 21 Nov 2013
Posts: 3
|
| Post: #6 Posted: Thu Nov 28, 2013 8:25 pm Post subject: |
|
|
| vinay28 wrote: | as I see it as of now, worst case for NS is about 5970, likely latest by 4/12, and then an all time new high in Dec. I have started "accumulating" (to the best of my tiny capacity) 6200/6300CE for Dec and axis bank.
If 5970 is taken out forcefully, then a serious re-look will be necessary. Note that a level is not sacrosant and is actually a small zone. |
Hi Vinay 100% agree with you based on the results there will be a huge gap up opening on the either side , but chances are on positive only |
|
| Back to top |
|
|
chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
|
| Post: #7 Posted: Thu Nov 28, 2013 9:56 pm Post subject: |
|
|
Dear vinay,
Any gdp data is expected?If yes when? |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #8 Posted: Thu Nov 28, 2013 10:26 pm Post subject: |
|
|
| chandrujimrc wrote: | Dear vinay,
Any gdp data is expected?If yes when? |
tmrw chandru. I think about 11-12 but not sure as some data comes at 5 pm. |
|
| Back to top |
|
|
riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
|
| Post: #9 Posted: Fri Nov 29, 2013 11:18 am Post subject: |
|
|
| again nifty rose with vix i think... still a sell on rise kinda market.. vinay |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #10 Posted: Fri Nov 29, 2013 11:33 am Post subject: |
|
|
| riteshucha wrote: | | again nifty rose with vix i think... still a sell on rise kinda market.. vinay |
yes ritesh, looks like distribution is going on. in any case today is gdp data and volatility will be there |
|
| Back to top |
|
|
chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
|
| Post: #11 Posted: Fri Nov 29, 2013 11:41 am Post subject: |
|
|
| Longs take care,volume at high lvl only. |
|
| Back to top |
|
|
vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
|
| Post: #12 Posted: Fri Nov 29, 2013 11:41 am Post subject: |
|
|
tmrw chandru. I think about 11-12 but not sure as some data comes at 5 pm.[/quote]
Vinay,
The GDP is expected in the evening. |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #13 Posted: Fri Nov 29, 2013 12:02 pm Post subject: |
|
|
| vishyvaranasi wrote: | | tmrw chandru. I think about 11-12 but not sure as some data comes at 5 pm. |
Vinay,
The GDP is expected in the evening.[/quote]
oh thanks vishy. so IF market is going to go down for a while next week, then this rise could be a bull trap considering rising vix. |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #14 Posted: Fri Nov 29, 2013 1:18 pm Post subject: |
|
|
| if a fall comes, it may be sharp. |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #15 Posted: Fri Nov 29, 2013 1:44 pm Post subject: |
|
|
| what is basis for expecting a fall guys......no indication now.... i sharp fall below 6100 would give even subsequent shorting opportunities.....so play long for now...crossing 6182 shall decide |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
