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Nifty View - December |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #661  Posted: Thu Dec 13, 2012 7:22 pm Post subject: |
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| apka, it's surely one of the best banks but rumour (read TV news) wasn't about results but something else. I wish I had been attentive. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #662 Posted: Fri Dec 14, 2012 8:28 am Post subject: |
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Will it trap shorts today. What do you think?
FII future sells are not stopping and cash buy is not ending either  |
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vinay28
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Joined: 24 Dec 2010
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| Post: #663 Posted: Fri Dec 14, 2012 8:34 am Post subject: |
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| 5806/5820/25 is possible. However, premium is now falling but PCR still 1.04. So much lower levels? 5600pe is 5.75 |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #664 Posted: Fri Dec 14, 2012 8:39 am Post subject: |
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| sw_das wrote: | Will it trap shorts today. What do you think?
FII future sells are not stopping and cash buy is not ending either |
If they dont continue to buy, the DII's and MFs hands will be heavy on sell button at this height. |
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apka
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| Post: #665 Posted: Fri Dec 14, 2012 8:40 am Post subject: |
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| vinay28 wrote: | | 5806/5820/25 is possible. However, premium is now falling but PCR still 1.04. So much lower levels? 5600pe is 5.75 |
hmm I dont think december has chance to go below 5710 as per charts. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #666 Posted: Fri Dec 14, 2012 8:45 am Post subject: |
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Theoretically market can go anywhere and sometime analysis may look fool
My thinking is swing buy in the range 5780-5800 NF level. ready to risk at that lvel for swing.
But getting a feel that we may roll back yesterday's fall today. Look for opportunity to scalp/intra day based on strength. possibility open for upside |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #667 Posted: Fri Dec 14, 2012 8:48 am Post subject: |
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| news focus for now: china PMI data again good for november month, our land bill passed for privates to acquire land from people with 80% yes required, govt asks to expedite infra projects above 1000cr.. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #668 Posted: Fri Dec 14, 2012 8:59 am Post subject: |
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| Moody's has revised the rating outlook to negative from stable for the various deposit and issuer ratings assigned to three Indian banks - Punjab National Bank, Bank of Baroda and Canara Bank |
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apka
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Joined: 13 Dec 2011
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| Post: #669 Posted: Fri Dec 14, 2012 9:08 am Post subject: |
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| vinay28 wrote: | | Moody's has revised the rating outlook to negative from stable for the various deposit and issuer ratings assigned to three Indian banks - Punjab National Bank, Bank of Baroda and Canara Bank |
ok.
what about the ST/SC quota bill fight in the parliament, can that be enough for SP to say they withdraw support... |
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apka
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Joined: 13 Dec 2011
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| Post: #670 Posted: Fri Dec 14, 2012 9:10 am Post subject: |
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| Code: | Flash crash curb: SEBI sets order cap at Rs10 crore
The Securities and Exchange Board of India (SEBI) has come out with a set of risk controls to avoid flash-crashes such as that seen on October 5 when an erroneous trade at an Emkay Global terminal temporarily wiped out Rs3 lakh crore of investor wealth from the stock market.
The circular issued on Thursday said the controls are only the ‘initial’ set of measures, suggesting more maybe in the offing. The measures include asking stock exchanges to ensure that orders greater than Rs10 crore are not executed.
Sebi has also asked them to ensure that stock brokers put in place a mechanism to limit the cumulative value of all unexecuted orders placed from their terminals below a threshold limit.
The brokers have to put in place checks based on the risk profile of their clients.
Stock exchanges have a dummy filter, or an operating range, for stocks which do not have price bands. These dynamic price bands prevent acceptance of orders for execution that are placed beyond normal limits.
The limits are relaxed when a market-wide trend is observed in either direction.
Sebi has asked that the filter for orders on such a stock be set at 10% of its previous closing price. Any changes to these are to be made in increments of 5%.
Sebi has also asked exchanges to put stock brokers in ‘risk reduction’ mode when 90% of their margins are utilised.
On reaching this level, all unexecuted orders are to be cancelled. Only orders which will be cancelled if not executed immediately (immediate or cancel) shall be permitted.
Orders will only be executed if they have sufficient margins.
The new controls are to be put in place within a month, with at least one week advance notice to the market.
Deena Mehta, MD at Asit C Mehta Investments, sees it as a good move that is likely to prevent flash crashes. “Though this is likely to burden the exchange on operational front, it won’t cause much hassle for the investors... However, I would have loved to see some guidelines on annulment of trades as unintended errors can always happen,” she said.
Yogesh Radke, head of quantitative research at Edelweiss Securities, also said it was a positive move, but said negotiated bulk orders may be impacted.
Source - DNA |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #671 Posted: Fri Dec 14, 2012 9:16 am Post subject: |
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| apka wrote: | | news focus for now: china PMI data again good for november month, our land bill passed for privates to acquire land from people with 80% yes required, govt asks to expedite infra projects above 1000cr.. |
Shanghai index had targets of 2085 and 2135 once it has broken above 2040 levels....now the index is just around a percent away from those levels.....Chinese revivals may not help the global markets much I feel....there are people who questions the authenticity of chinese data....by the way, if you just want any idea of how the commodities are doing, one can even check Baltic Dry Index (many experts question it too) which has corrected more than 30% in the last 10 or 15 days.....so, this revival as per the PMI data looks like a false one to me....I expect the U.S markets to continue to fall from here...but that wont prevent our market from making some upside.....but the trade here is to SELL..rather than BUY...that's what I feel...anyway, let's wait and see how the market closes today....  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #672 Posted: Fri Dec 14, 2012 9:43 am Post subject: |
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| baltic dry index .. vinay has also mentioned it .. will check it out |
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psalm
Black Belt
Joined: 12 Nov 2011
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #674 Posted: Fri Dec 14, 2012 10:05 am Post subject: |
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BDIY for the last 10-12 years....saw it recently in a website.......by the way, the situation is not as doomed as it depicts....the index's pros and cons were discussed earlier in this same forum.....anyway, posting it now. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #675 Posted: Fri Dec 14, 2012 10:08 am Post subject: |
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| apka wrote: | | what about the SC/ST quota bill fight in the parliament, can that be enough for SP to say they withdraw support... |
Apka: BSP aka Maya wants SC/ST quota, not SP! SP will not rock the boat as between them, SP and BSP, have made UP pocket khali and want Central phinansial support!!! Also, Maya much more practical than Dr No didi (of 'tera behaviour deewana' fame). She will be happy with assurances and reassurances for the time being (to show her supporters she cares!) |
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