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Nifty View - December |
apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #886 Posted: Tue Dec 18, 2012 3:58 pm Post subject: |
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apka wrote: | vinay28 wrote: | it will be interesting to see whether 3pm gives it a booster dose or pulls it down. |
hmm. what if it settles here?
Sam, is DAX above resistences now? |
Sam, when you get a chance view on DAX please and also INR now that it has crossed 55. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #887 Posted: Tue Dec 18, 2012 4:31 pm Post subject: |
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today's candle is hanging man? Imperfect though
Last edited by vinay28 on Tue Dec 18, 2012 5:00 pm; edited 1 time in total |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #888 Posted: Tue Dec 18, 2012 4:57 pm Post subject: |
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apka wrote: | apka wrote: | vinay28 wrote: | it will be interesting to see whether 3pm gives it a booster dose or pulls it down. |
hmm. what if it settles here?
Sam, is DAX above resistences now? |
Sam, when you get a chance view on DAX please and also INR now that it has crossed 55. |
Had to log out early today..that's why didn't reply it on time..........by the way, levels around 7600-7620 is a good resistance zone for DAX...I had mentioned that earlier.....yesterday it had just broken above that range for a while.....but still didn't close above it...let's see how it closes today....2 consecutive closes above 7620-25 could push the index to higher levels...in that case, 7700 or 7820 could be possible in the near future...with levels around 7760 offering some minor resistance...
Regarding rupee, as long as the pair USD/INR closes above 54.5 levels, rupee will be under pressure....there is some resistance around 55.25....but as of now, the momentum could help it break above the above mentioned levels in a day or two....I have a target of 58.9 in Rupee in the near future, Apka....if it goes there is another question....but technically that target look possible in a few weeks....Let's see how rupee reacts in the next few days.... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #889 Posted: Tue Dec 18, 2012 5:13 pm Post subject: |
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vinay28 wrote: | today's candle is hanging man? |
difficult to tell, Vinay.....that hanging man has some shortcomings or something extra.... ...but psychologically, it could work as a hanging man....I feel... |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #890 Posted: Tue Dec 18, 2012 5:30 pm Post subject: |
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sam, that's why I called it imperfect so that it fails. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #891 Posted: Tue Dec 18, 2012 5:42 pm Post subject: |
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psalm wrote: | vinay28 wrote: | today's candle is hanging man? |
difficult to tell, Vinay.....that hanging man has some shortcomings or something extra.... ...but psychologically, it could work as a hanging man....I feel... |
lol
and bank nifty has made a perfect nifty candle from 6-12-12 |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #892 Posted: Tue Dec 18, 2012 6:01 pm Post subject: |
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None of trade nifty future? Are you all trading option? |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #893 Posted: Tue Dec 18, 2012 6:13 pm Post subject: |
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sw_das wrote: | None of trade nifty future? Are you all trading option? |
start of the month future, when premiums are down then options. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #894 Posted: Tue Dec 18, 2012 6:25 pm Post subject: |
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only options for me |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #895 Posted: Tue Dec 18, 2012 6:47 pm Post subject: |
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the reason why asked....it seems that everybody kills future profit...starting from PC..SEBI..state Govt...NSE....broker...who not..whether you make profit or not ...people simply take huge money.....in that sense option is better, but it has other drawbacks....i heard commodity does not have many of these charges!! |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #896 Posted: Tue Dec 18, 2012 7:33 pm Post subject: |
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Code: |
- Parliament passed a bill on Tuesday aimed at drawing foreign investment to the banking sector by increasing shareholders' voting rights, after dropping a controversial clause allowing banks to trade in commodity futures.
- Cargill to invest $91 mln in India's food processing boom
- Parliament will not vote on bill to draw foreign investments into insurance industry during current session
- No further stake sale possible in HZL: Law Ministry
- Divestment of 12.5% stake in RCF may happen soon
- Axis Bank plans to raise over Rs 6000cr in FY14
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what maybe the implications of such news? |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #897 Posted: Tue Dec 18, 2012 7:36 pm Post subject: |
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apka, the first one is to ensure M&A goes smoothly |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #898 Posted: Wed Dec 19, 2012 8:35 am Post subject: |
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NIFTY may get resistance around 5950 spot or 5970 spot around for TODAY only. One needs to see if it sustains above 5970 spot or not. If sustains then 6100 spot around is possible with this upmove.
If get resisted, possibility is present to fall back to 5850 spot again later (not today I think) |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #899 Posted: Wed Dec 19, 2012 8:42 am Post subject: |
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PCR still 1.07.
apka/sam - can you post superimposed chart of nifty/pcr/vix over a 5 year period? |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #900 Posted: Wed Dec 19, 2012 9:16 am Post subject: |
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vinay28 wrote: | PCR still 1.07.
apka/sam - can you post superimposed chart of nifty/pcr/vix over a 5 year period? |
I don't have that charting facility, Vinay..... ...so wont be able to post it...
NOTE: may be you can ask that to ST.... |
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