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Nifty View - December |
saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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Post: #331  Posted: Thu Dec 06, 2012 8:16 pm Post subject: |
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Many friends here are in confusion about todays candlesticks pattern and its outcome. I reproduce below an excerpt
Candlestick Analysis
Today’s Candlestick Patterns:
High Wave
Bullish Kicking
Today a High Wave was formed. This implies a loss of sense of direction and that there is a great amount of indecision in the market.
The last two candlesticks formed a Bullish Kicking Pattern. This is a bullish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.
I do not know how accurate is this analysis.
Last edited by saumya12 on Thu Dec 06, 2012 8:17 pm; edited 1 time in total |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #332 Posted: Thu Dec 06, 2012 8:17 pm Post subject: |
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"they" with huge money indeed do apka. of course momentum takes it further but huge buy and sell orders are put around those levels. note that they have the power to take price to those levels first to begin with depending upon their outlook.
I am afraid of china hijaking our fdi after a few weeks as it has become more attractive. hopefully chiddu knows it and takes some reform intiatives. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #333 Posted: Thu Dec 06, 2012 8:22 pm Post subject: |
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| saumya12 wrote: | Many friends here are in confusion about todays candlesticks pattern and its outcome. I reproduce below an excerpt
Candlestick Analysis
Today’s Candlestick Patterns:
High Wave
Bullish Kicking
Today a High Wave was formed. This implies a loss of sense of direction and that there is a great amount of indecision in the market.
The last two candlesticks formed a Bullish Kicking Pattern. This is a bullish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.
I do not know how accurate is this analysis. |
havent heard this one before, thanks |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #334 Posted: Thu Dec 06, 2012 8:24 pm Post subject: |
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| vinay28 wrote: | "they" with huge money indeed do apka. of course momentum takes it further but huge buy and sell orders are put around those levels. note that they have the power to take price to those levels first to begin with depending upon their outlook.
I am afraid of china hijaking our fdi after a few weeks as it has become more attractive. hopefully chiddu knows it and takes some reform intiatives. |
hmm... then we should preplan our trading anticipating by calculating where such % of levels come at next.
historically 78.2% is not crossed at one go.. correction follows it..  |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #335 Posted: Thu Dec 06, 2012 8:31 pm Post subject: |
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| I guess FIIs sold NIFTY for last a few days. Even today small sell figure. However we are making new swing high even today. We need to give more respect to this until it stops. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #336 Posted: Thu Dec 06, 2012 8:37 pm Post subject: |
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| sw_das wrote: | | I guess FIIs sold NIFTY for last a few days. Even today small sell figure. However we are making new swing high even today. We need to give more respect to this until it stops. |
That figure contains total for Dec, Jan and Feb series which are open for trading.
Dec Futures OI saw addition of 2.25 lakh shares.
Jan Futures OI saw addition of 22.5 thousand shares.
Feb Futures OI saw addition of 29.5 thousand shares.
So, if they have sold how market rose... Whether the selling is exiting of previous longs.. addition of fresh shorts BY FII.. all this cannot be determined. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #337 Posted: Thu Dec 06, 2012 8:44 pm Post subject: |
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| apka wrote: | | sw_das wrote: | | I guess FIIs sold NIFTY for last a few days. Even today small sell figure. However we are making new swing high even today. We need to give more respect to this until it stops. |
That figure contains total for Dec, Jan and Feb series which are open for trading.
Dec Futures OI saw addition of 2.25 lakh shares.
Jan Futures OI saw addition of 22.5 thousand shares.
Feb Futures OI saw addition of 29.5 thousand shares.
So, if they have sold how market rose... Whether the selling is exiting of previous longs.. addition of fresh shorts BY FII.. all this cannot be determined. |
Selling of existing long or new short it does not matter for us. It means they think we may not go up much. This is just a thought. Also one thing clarify, I meant making new high has more importance. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #338 Posted: Thu Dec 06, 2012 8:48 pm Post subject: |
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| sw_das wrote: | | Selling of existing long or new short it does not matter for us. It means they think we may not go up much. This is just a thought. Also one thing clarify, I meant making new high has more importance. |
ok. perhaps they are hedging against their own nifty 50 longs in cash... hehe |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #339 Posted: Thu Dec 06, 2012 8:51 pm Post subject: |
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"....historically 78.2% is not crossed at one go.. correction follows it.."
apka, have you checked leap years? By the way a sell figure can be for sell of put also, right? If they sold today also, what is +800+ cr for?
today nifty reacted from 2 short of april '11 high. today's candle requires close above 5943 for two days to fail in bearish tone.
anyway, we will know eod 11th dec. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #340 Posted: Thu Dec 06, 2012 8:57 pm Post subject: |
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| vinay28 wrote: | "....historically 78.2% is not crossed at one go.. correction follows it.."
apka, have you checked leap years? By the way a sell figure can be for sell of put also, right? If they sold today also, what is 800+ cr for?
anyway, we will know eod 11th dec. |
no leap years i havent checked  let me see
FII net 838.14cr+ is buying in equities .. including all stocks listed in NSE and BSE.
For FNO, attached stats |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #341 Posted: Thu Dec 06, 2012 9:02 pm Post subject: |
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I guess Stock sell usually for hedging. NF is more of near term direction. Cash more for longer term.
Also hedging or not, meaning remains the same. Why would one hedge? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #342 Posted: Thu Dec 06, 2012 9:03 pm Post subject: |
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| apka, your file is only for fno? |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #344 Posted: Thu Dec 06, 2012 9:38 pm Post subject: |
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| vinay28 wrote: | | apka, your file is only for fno? |
What else data you are looking for.
Let me know perhaps I can provide it. But be specific, please, as I do not understand many terms. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #345 Posted: Thu Dec 06, 2012 9:38 pm Post subject: |
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| no, what I meant was what about data for their net cash purchase/sell? |
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