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Nifty View - December |
skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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Post: #616  Posted: Thu Dec 13, 2012 12:03 pm Post subject: |
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| I guess more twist & turns are expected....is inflation data out? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #617 Posted: Thu Dec 13, 2012 12:15 pm Post subject: |
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| sw_das wrote: | | I guess more twist & turns are expected....is inflation data out? |
CPI was announced yesterday (above estimates)....WPI will be there tomorrow... |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #618 Posted: Thu Dec 13, 2012 12:21 pm Post subject: |
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ITC had very good rising wedge pattern, given nice fall today. I happened to see the chart yesterday by chance  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #619 Posted: Thu Dec 13, 2012 12:34 pm Post subject: |
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| Premium once again above 40. Not good |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #620 Posted: Thu Dec 13, 2012 12:38 pm Post subject: |
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| vinay28 wrote: | | Premium once again above 40. Not good |
for whom ? |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #621 Posted: Thu Dec 13, 2012 12:47 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | | Premium once again above 40. Not good |
for whom ? |
should be for longs. it means longs are built, if falls they are trapped. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #622 Posted: Thu Dec 13, 2012 12:53 pm Post subject: |
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| ok, at the moment, new new lows are being made by 2-3 points and then immediately nifty comes back up... its just timepass trading unless 5865 breaks. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #623 Posted: Thu Dec 13, 2012 1:00 pm Post subject: |
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| apka, even if 5865 breaks 5850/25 are there. High premium is not good for nifty to go up. It has to come down to 20 or so and PCR below 1.0. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #624 Posted: Thu Dec 13, 2012 1:04 pm Post subject: |
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| also, every time NF has made a new high in an intermediate wave, it's a red candle. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #625 Posted: Thu Dec 13, 2012 1:05 pm Post subject: |
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short covering can not be ruled out now..but risky to make longs as we are living at the edge  just wait and watch..... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #626 Posted: Thu Dec 13, 2012 1:16 pm Post subject: |
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| sw_das wrote: | | short covering can not be ruled out now..but risky to make longs as we are living at the edge just wait and watch..... |
I don't think there are enough shorts in the system to trigger a significant short covering rally...remember we're not far from the recent highs...... |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #627 Posted: Thu Dec 13, 2012 2:01 pm Post subject: |
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| We are there 5850-55 spot range. it came after lot of halts.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #628 Posted: Thu Dec 13, 2012 2:02 pm Post subject: |
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| sold my PEs |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #629 Posted: Thu Dec 13, 2012 2:04 pm Post subject: |
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if 5852 spot breaks then expecting 5825 and 5785. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #630 Posted: Thu Dec 13, 2012 2:07 pm Post subject: |
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| apka wrote: |
if 5852 spot breaks then expecting 5825 and 5785. |
Europe is slightly struggling at the moment.....off the highs substantially now.... |
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