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Nifty View - December |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #1006  Posted: Sat Dec 22, 2012 8:55 pm Post subject: |
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| iakash, this was posted some months ago by some one. Also, check out the CnH on monthly charts |
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iakash
White Belt
Joined: 07 Mar 2012
Posts: 46
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| Post: #1007 Posted: Sat Dec 22, 2012 8:59 pm Post subject: |
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| vinay28 wrote: | | iakash, this was posted some months ago by some one. Also, check out the CnH on monthly charts |
Thanks Vinay,
Can you give your opinion on this pattern? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #1008 Posted: Sat Dec 22, 2012 10:18 pm Post subject: |
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| looks OK to me akash and that's why I also mentioned CnH chart. Of course target is subjective. |
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jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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| Post: #1009 Posted: Sun Dec 23, 2012 2:44 pm Post subject: Hawala rates |
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Dear Apka, Psalm
Seasons greetings!!
This series the range is just 5825 to 5965 ..
Dec hawala rate is 5825 NS.. Earlier also I suggested you to keep track of closing price of NF for December series on day of expiry which was on 29th Nov.
I personally keep NS values...All my trades are based on these nos nothing else...
This series all buy near NS high with ISL Hawala given 300 pts. & range was just 140 pts..
Pls check how many times NS came closer to H of 29th ie. 5833 and all longs opened with sl of 5825 gave 50 pts
I suggest you pay attention to these nos in your analysis in each month.
These nos are series decision points. It works wonder on stocks like RIL, SBIN, a few to mention..
e.g. SBIN hawala 2147..high made 2408 .. every month I can guarantee you +200 pts in SBIN per lot
Also we were trading below 60% of spread in this series( This concept was shared to you last time)
Happy trading
JJM |
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iakash
White Belt
Joined: 07 Mar 2012
Posts: 46
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| Post: #1010 Posted: Sun Dec 23, 2012 7:02 pm Post subject: |
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| vinay28 wrote: | | looks OK to me akash and that's why I also mentioned CnH chart. Of course target is subjective. |
@Vinay,
I checked the CnH pattern and it looks good to me too. All the major bottoms are touching the cup line. The cup is almost about to finish.
The height of the cup is 1800 points. If we take that as a target after breakout from handle, that's a huge move up for nifty.
I am doubting my bearish view for nifty now considering these clean CnH and IHnS patterns. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #1011 Posted: Sun Dec 23, 2012 7:40 pm Post subject: |
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"....I am doubting my bearish view for nifty now considering these clean CnH and IHnS patterns......."
iakash, you can still be bearsh in short term (though it may not go down at all), as this is a long term scene. As I said earlier, target is always subjective. |
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iakash
White Belt
Joined: 07 Mar 2012
Posts: 46
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| Post: #1012 Posted: Sun Dec 23, 2012 8:03 pm Post subject: |
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| vinay28 wrote: | "....I am doubting my bearish view for nifty now considering these clean CnH and IHnS patterns......."
iakash, you can still be bearsh in short term (though it may not go down at all), as this is a long term scene. As I said earlier, target is always subjective. |
@Vinay,
Actually my bearish view is for long term as i consider the 2012 up move to be a bear market rally which will be followed by continuation of long term bear moves.
I have recently started observing chart patterns... so i am re-considering my bearish view after seeing these IHnS & CnH patterns develop on weekly. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #1013 Posted: Sun Dec 23, 2012 11:25 pm Post subject: |
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IMO the price can take a rebound just from the present or a little lower levels.
As a trendline from the 21.12 (weekly) low and 23.7 (weekly) low indicates this.
And this trendline also supported two more weekly low previously.
Your comments please. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #1014 Posted: Mon Dec 24, 2012 7:59 am Post subject: Re: Hawala rates |
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| jjm wrote: | Dear Apka, Psalm
Seasons greetings!!
This series the range is just 5825 to 5965 ..
Dec hawala rate is 5825 NS.. Earlier also I suggested you to keep track of closing price of NF for December series on day of expiry which was on 29th Nov.
I personally keep NS values...All my trades are based on these nos nothing else...
This series all buy near NS high with ISL Hawala given 300 pts. & range was just 140 pts..
Pls check how many times NS came closer to H of 29th ie. 5833 and all longs opened with sl of 5825 gave 50 pts
I suggest you pay attention to these nos in your analysis in each month.
These nos are series decision points. It works wonder on stocks like RIL, SBIN, a few to mention..
e.g. SBIN hawala 2147..high made 2408 .. every month I can guarantee you +200 pts in SBIN per lot
Also we were trading below 60% of spread in this series( This concept was shared to you last time)
Happy trading
JJM |
Good to see you again here, JJM. By the way, another informative post. Very helpful indeed. Will definitely include these ideas while analyzing Nifty. So, as per your post, Nifty could find support again around 5825 odd levels and could bounce-back, right? At the same time, since Nifty has been trading below 60% spread levels, it is supposed to expire towards the lower band of its range which is around 5825 which is confusing as we have only 3 days trading left for expiry. So, are you expecting a range-bound kinda scenario or a breakdown below 5825-5820 levels?
Season's Greetings
Sam |
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jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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| Post: #1015 Posted: Mon Dec 24, 2012 10:01 am Post subject: Re: Hawala rates |
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Dear Psalm
GM.
Yes.. till time 5825 is not broken and a close below it at least in 15 tf bar trend is not down..
Last series the range is too wide 5736 was opening ..so mkt acc to these nos will move max till 5780 which is median for range...
Now how to trade: My trade will be short below 5825 with sl 5837..as a SAR..
Happy trading
JJM[/quote]
Good to see you again here, JJM. By the way, another informative post. Very helpful indeed. Will definitely include these ideas while analyzing Nifty. So, as per your post, Nifty could find support again around 5825 odd levels and could bounce-back, right? At the same time, since Nifty has been trading below 60% spread levels, it is supposed to expire towards the lower band of its range which is around 5825 which is confusing as we have only 3 days trading left for expiry. So, are you expecting a range-bound kinda scenario or a breakdown below 5825-5820 levels?
Season's Greetings
Sam[/quote] |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #1016 Posted: Mon Dec 24, 2012 10:07 am Post subject: Re: Hawala rates |
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| jjm wrote: | Dear Psalm
GM.
Yes.. till time 5825 is not broken and a close below it at least in 15 tf bar trend is not down..
Last series the range is too wide 5736 was opening ..so mkt acc to these nos will move max till 5780 which is median for range...
Now how to trade: My trade will be short below 5825 with sl 5837..as a SAR..
Happy trading
JJM |
Good to see you again here, JJM. By the way, another informative post. Very helpful indeed. Will definitely include these ideas while analyzing Nifty. So, as per your post, Nifty could find support again around 5825 odd levels and could bounce-back, right? At the same time, since Nifty has been trading below 60% spread levels, it is supposed to expire towards the lower band of its range which is around 5825 which is confusing as we have only 3 days trading left for expiry. So, are you expecting a range-bound kinda scenario or a breakdown below 5825-5820 levels?
Season's Greetings
Sam[/quote][/quote]
Thanks for the clarification JJM....have a great day.....  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #1017 Posted: Mon Dec 24, 2012 10:11 am Post subject: |
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| apka wrote: | | vinay28 wrote: | apka, all we need is for nifty to close well above 5916 preferably with a gap up opening above 5888 on Monday. Pl remember this if it happens.  |
40 points gap up... high expectation at this point |
if not 40, 20 is good beginning. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #1018 Posted: Mon Dec 24, 2012 10:28 am Post subject: |
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| If the market can stay above 5840, there is chance for it to test 5875-85 range or even 5905-5915 range......current rate is around 5853.... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #1019 Posted: Mon Dec 24, 2012 11:29 am Post subject: |
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| i am feeling setup is to squeeze premium for 5900ce pe further by trading between 5890-5910 on wednesday and then thursday long / short covering should be there. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #1020 Posted: Mon Dec 24, 2012 11:31 am Post subject: |
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| apka, pl monitor OI of 6000ce |
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