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Nifty View - December |
psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #1 Posted: Fri Nov 30, 2012 9:45 am Post subject: Nifty View - December |
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New Nifty thread for the month of December.... |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #2 Posted: Fri Nov 30, 2012 9:46 am Post subject: |
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weekly/friday closing resistence : 5867-5872 |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #3 Posted: Fri Nov 30, 2012 9:49 am Post subject: |
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Samji can you please give us the current support and resistance levels for Nifty spot?
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #4 Posted: Fri Nov 30, 2012 10:12 am Post subject: |
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taxmann50 wrote: | Samji can you please give us the current support and resistance levels for Nifty spot?
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I'm looking at levels around 5820, Taxmann which is the immediate support for the market. If that support is broken, there is good chance for the market to test 5785-5765 range where it has one of the key supports. That means the market will show first signs of weakness when it breaks below 5820-5815 range. On the upside, immediate resistance is at 5855, above that we may test the highs. I have a feeling that the market is heading for 5915-5965 range....Anyway, let's wait and see... |
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saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
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Post: #5 Posted: Fri Nov 30, 2012 10:30 am Post subject: |
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Thanks Sam for the levels
At what time is the GDP stats
Thanks |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #6 Posted: Fri Nov 30, 2012 10:46 am Post subject: |
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saumya12 wrote: | Thanks Sam for the levels
At what time is the GDP stats
Thanks |
Most probably around 11.... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #7 Posted: Fri Nov 30, 2012 10:54 am Post subject: |
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psalm wrote: | saumya12 wrote: | Thanks Sam for the levels
At what time is the GDP stats
Thanks |
Most probably around 11.... |
At the opening of European markets (1.30), ECB President Draghi will be making a speech which will be watched keenly....it could affect the European market direction and hence our markets as well....just informing... |
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stevenmat White Belt
Joined: 27 Dec 2011 Posts: 478
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Post: #8 Posted: Fri Nov 30, 2012 10:55 am Post subject: |
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psalm wrote: | taxmann50 wrote: | Samji can you please give us the current support and resistance levels for Nifty spot?
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I'm looking at levels around 5820, Taxmann which is the immediate support for the market. If that support is broken, there is good chance for the market to test 5785-5765 range where it has one of the key supports. That means the market will show first signs of weakness when it breaks below 5820-5815 range. On the upside, immediate resistance is at 5855, above that we may test the highs. I have a feeling that the market is heading for 5915-5965 range....Anyway, let's wait and see... |
does that mean you have exited your puts? averaging?
In one of the calender anomalies of the market..i've heard that Funds sell their stocks(mainly non performing high beta stocks) in december since the quarter is closing and then they initiate fresh buying in Jan...
comments? |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #9 Posted: Fri Nov 30, 2012 10:55 am Post subject: |
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Twist and turn day. people are hungry of intra SL today? kidhar bhi rakho hit karega |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #10 Posted: Fri Nov 30, 2012 11:00 am Post subject: |
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steve, fund managers want their dec bonuses which they missed last year. so they will want to take market up |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #11 Posted: Fri Nov 30, 2012 11:02 am Post subject: |
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stevenmat wrote: | psalm wrote: | taxmann50 wrote: | Samji can you please give us the current support and resistance levels for Nifty spot?
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I'm looking at levels around 5820, Taxmann which is the immediate support for the market. If that support is broken, there is good chance for the market to test 5785-5765 range where it has one of the key supports. That means the market will show first signs of weakness when it breaks below 5820-5815 range. On the upside, immediate resistance is at 5855, above that we may test the highs. I have a feeling that the market is heading for 5915-5965 range....Anyway, let's wait and see... |
does that mean you have exited your puts? averaging?
In one of the calender anomalies of the market..i've heard that Funds sell their stocks(mainly non performing high beta stocks) in december since the quarter is closing and then they initiate fresh buying in Jan...
comments? |
I didn't do any trades till now, Steven....I am holding all the positions from yesterday.....Today's trade looks a bit confusing form me to take a call...so, decided to abstain from trading today.....just watching...will see on monday... |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #12 Posted: Fri Nov 30, 2012 11:12 am Post subject: |
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vinay28 wrote: | steve, fund managers want their dec bonuses which they missed last year. so they will want to take market up |
Yes Vinay, no wonder just on expiry Goldman's called India overweight and changed GDP targets for 2013 and 2014. These international guys are at their own sweet will says anything to benefit themselves when they feel beneficial. |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #13 Posted: Fri Nov 30, 2012 12:06 pm Post subject: |
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sw_das wrote: | Twist and turn day. people are hungry of intra SL today? kidhar bhi rakho hit karega |
Short side is done. Now it may play for long SL |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #14 Posted: Fri Nov 30, 2012 12:58 pm Post subject: |
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psalm wrote: | psalm wrote: | saumya12 wrote: | Thanks Sam for the levels
At what time is the GDP stats
Thanks |
Most probably around 11.... |
At the opening of European markets (1.30), ECB President Draghi will be making a speech which will be watched keenly....it could affect the European market direction and hence our markets as well....just informing... |
Samji what is this speech all about? |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #15 Posted: Fri Nov 30, 2012 1:17 pm Post subject: |
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taxmann50 wrote: | psalm wrote: | psalm wrote: | saumya12 wrote: | Thanks Sam for the levels
At what time is the GDP stats
Thanks |
Most probably around 11.... |
At the opening of European markets (1.30), ECB President Draghi will be making a speech which will be watched keenly....it could affect the European market direction and hence our markets as well....just informing... |
Samji what is this speech all about? |
Euro, Credit Crisis and Greek Bailout.... |
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