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Nifty View - December |
rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
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Post: #916  Posted: Thu Dec 20, 2012 10:11 am Post subject: |
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| psalm wrote: | | rohit44 wrote: | | Dear friends, highest closing till date 5930.9NS and yesterday 5929.6...can it be considered as double top?? |
It can be...unless there is another higher close....  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #917 Posted: Thu Dec 20, 2012 10:14 am Post subject: |
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| CG stocks including L&T is showing some weakness...current rate is around 1620 |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #918 Posted: Thu Dec 20, 2012 10:46 am Post subject: |
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| it has weaken.. may be going for 5840-50 spot range ... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #919 Posted: Thu Dec 20, 2012 11:35 am Post subject: |
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took a range bound market for premium reduce to 15 points now.
yesterday RSI fell below overbought zone.. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #920 Posted: Thu Dec 20, 2012 11:45 am Post subject: |
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| apka wrote: | took a range bound market for premium reduce to 15 points now.
yesterday RSI fell below overbought zone.. |
reduction in premium has created difficulties now.... ...now a few possibilities are there for a stoploss, either to place a stoploss above 5965 spot or above the recent future highs around 6000.....that means another 35 points above the current spot high... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #921 Posted: Thu Dec 20, 2012 11:58 am Post subject: |
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| Auto stocks are looking very vulnerable to any correction, I believe. If the overall market corrects from here, auto stocks will be one of the worst hit. I see the front line auto stocks corrects by at least 30 to 40 % in the next 2 to 3 months. Anyway, if the market doesn't correct from here, then this idea wont work. So, let's wait and see how they perform in the next few weeks. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #922 Posted: Thu Dec 20, 2012 12:19 pm Post subject: |
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expect a NIFTY spot one more high above 5965 spot in this series. 
This down move can be capped by 5840-50 spot max I think. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #923 Posted: Thu Dec 20, 2012 12:24 pm Post subject: |
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Today, read an interesting article regarding how the stocks are valued globally as per their current price to book ratios compared to historical values....It shows that the Emerging markets not that expensive...or pretty cheap.....sharing that document here:
NOTE:
Dark blue (very cheap) = current relative valuation < -1.5 standard deviations from historical average
Light blue (cheap) = current relative valuation between < -1.5 and <0> -0.75 and <0> +0.75 and <1> +1.5 standard deviations from historical average |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #924 Posted: Thu Dec 20, 2012 12:27 pm Post subject: |
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| psalm wrote: | Today, read an interesting article regarding how the stocks are valued globally as per their current price to book ratios compared to historical values....It shows that the Emerging markets not that expensive...or pretty cheap.....sharing that document here:
NOTE:
Dark blue (very cheap) = current relative valuation < -1.5 standard deviations from historical average
Light blue (cheap) = current relative valuation between < -1.5 and <0> -0.75 and <0> +0.75 and <1> +1.5 standard deviations from historical average |
No colour (neutral or N/A) = current relative valuation between > -0.75 and <0> +0.75 and <1> +1.5 standard deviations from historical average//////////////////Peach (expensive) = current relative valuation between > +0.75 and <1> +1.5 standard deviations from historical average..... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #925 Posted: Thu Dec 20, 2012 12:41 pm Post subject: |
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| In ST's thread, I had commented about PE based investment strategy by funds |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #926 Posted: Thu Dec 20, 2012 12:43 pm Post subject: |
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| vinay28 wrote: | | In ST's thread, I had commented about PE based investment strategy by funds |
Yup..saw it...  |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #927 Posted: Thu Dec 20, 2012 12:44 pm Post subject: |
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| Sam: On this basis, all companies of "Bevda-Bikini contest-Calendar- Farmhouse-IPL" must be bright RRREDDD reflecting the insane PE ratios after the market took his liquor and crashed airplane stocks up! He gives new meaning to "FLYING HIGH AS A KITE". Prakash Holla |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #928 Posted: Thu Dec 20, 2012 12:47 pm Post subject: |
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Prakash, as a kannadiga, you should be proud of bevada!  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #929 Posted: Thu Dec 20, 2012 12:53 pm Post subject: |
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| pkholla wrote: | | Sam: On this basis, all companies of "Bevda-Bikini contest-Calendar- Farmhouse-IPL" must be bright RRREDDD reflecting the insane PE ratios after the market took his liquor and crashed airplane stocks up! He gives new meaning to "FLYING HIGH AS A KITE". Prakash Holla |
The higher they fly, the harder they fall.....better to walk.... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #930 Posted: Thu Dec 20, 2012 2:12 pm Post subject: |
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| metals firing. sbi back. come on. |
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