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Nifty View February |
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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Post: #166  Posted: Thu Feb 07, 2013 10:16 am Post subject: |
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saumya,
considering day before yesterdays nr7... and yesterdays range .. how are we poised for today technically ? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #167 Posted: Thu Feb 07, 2013 10:16 am Post subject: |
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Market has to take the litmus test now.....let's see if it can break above 5884-5994 area now...  |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #168 Posted: Thu Feb 07, 2013 10:19 am Post subject: |
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| psalm wrote: | | Market has to take the litmus test now.....let's see if it can break above 5884-5994 area now... |
True now intraday next move 40% for bull and 60% for bears.. we are at resistance now. |
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rsnerella
White Belt
Joined: 30 Jul 2008
Posts: 153
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| Post: #169 Posted: Thu Feb 07, 2013 10:19 am Post subject: Nifty view - February |
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| psalm wrote: | | Market has to take the litmus test now.....let's see if it can break above 5884-5994 area now... |
hehe typo na must be 5984 |
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apka
Black Belt
Joined: 13 Dec 2011
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| Post: #170 Posted: Thu Feb 07, 2013 10:20 am Post subject: |
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| psalm wrote: | | Market has to take the litmus test now.....let's see if it can break above 5884-5994 area now... |
yeh, both nifty and ICICI touched 50ema at opening and jumped. if 5995 fut not crossed then just a technical pullback i guess. |
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rsnerella
White Belt
Joined: 30 Jul 2008
Posts: 153
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| Post: #171 Posted: Thu Feb 07, 2013 10:20 am Post subject: Nifty view - February |
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| apka wrote: | | nifty fut volumes are higher today. 2pm yesterday they were 3.5 million volumes, today in 1 hour its 2.5 million. |
 not much change in OI  have you checked it? |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #172 Posted: Thu Feb 07, 2013 10:24 am Post subject: |
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if we see little ahead, bulls may try to close above 6050 in this week for a new high.
As of now down trend is intact.. Above 5994 NF will reverse. Good short covering would trigger I feel. Let's see.. now fingers crossed! |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #173 Posted: Thu Feb 07, 2013 10:26 am Post subject: Re: Nifty view - February |
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| rsnerella wrote: | | apka wrote: | | nifty fut volumes are higher today. 2pm yesterday they were 3.5 million volumes, today in 1 hour its 2.5 million. |
not much change in OI have you checked it? |
just 7 lakh addition in 5900pe .. rest changes are not much. |
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rsnerella
White Belt
Joined: 30 Jul 2008
Posts: 153
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| Post: #174 Posted: Thu Feb 07, 2013 10:27 am Post subject: |
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sw_das: Weekly trend up, daily trend down, hourly trend up (divergence seen from lows). Do you trade as per daily trend? Just want to understand which trend you mentioned.
| sw_das wrote: | if we see little ahead, bulls may try to close above 6050 in this week for a new high.
As of now down trend is intact.. Above 5994 NF will reverse. Good short covering would trigger I feel. Let's see.. now fingers crossed! |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #175 Posted: Thu Feb 07, 2013 10:32 am Post subject: |
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| rsnerella wrote: | sw_das: Weekly trend up, daily trend down, hourly trend up (divergence seen from lows). Do you trade as per daily trend? Just want to understand which trend you mentioned.
| sw_das wrote: | if we see little ahead, bulls may try to close above 6050 in this week for a new high.
As of now down trend is intact.. Above 5994 NF will reverse. Good short covering would trigger I feel. Let's see.. now fingers crossed! |
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Hourly chart with no indicator. Previous pull back high is 5994 (rounded). We made a new low today which proved down move is intact. Above 5994NF it will reverse (next pull down without breaking low).
that's not all, option heavy market, so it has some say. but entry is different.. all these are tracking for good. |
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psalm
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Posts: 5368
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| Post: #176 Posted: Thu Feb 07, 2013 10:37 am Post subject: Re: Nifty view - February |
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| rsnerella wrote: | | psalm wrote: | | Market has to take the litmus test now.....let's see if it can break above 5884-5994 area now... |
hehe typo na must be 5984 |
yea...sorry.... making many typos recently....  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #177 Posted: Thu Feb 07, 2013 10:39 am Post subject: |
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Having some power issues at home....power comes in and out intermittently......don't know if I'll be able to be online continuously today.....  ...let's see... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #178 Posted: Thu Feb 07, 2013 10:41 am Post subject: Re: Nifty view - February |
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| psalm wrote: | | rsnerella wrote: | | psalm wrote: | | Market has to take the litmus test now.....let's see if it can break above 5884-5994 area now... |
hehe typo na must be 5984 |
yea...sorry.... making many typos recently.... |
u still havent changed ur keyboard ? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #179 Posted: Thu Feb 07, 2013 10:41 am Post subject: |
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| Yesterday mentioned about a possible correction setting in Shanghai from today or tomorrow.....looking at the way Shanghai is behaving, it has already started I feel.... |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #180 Posted: Thu Feb 07, 2013 10:42 am Post subject: |
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| 5900 Call shows a day high of 220 ?? |
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