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Nifty View February |
psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #241 Posted: Fri Feb 08, 2013 1:10 pm Post subject: |
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If the lows made yesterday by Nifty Future is not taken out, one can buy it....I feel....but below its better to exit them....that mean risk is almost zero around these levels... |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #242 Posted: Fri Feb 08, 2013 1:18 pm Post subject: |
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psalm wrote: | If the lows made yesterday by Nifty Future is not taken out, one can buy it....I feel....but below its better to exit them....that mean risk is almost zero around these levels... |
Yes Sam you r right, h0pefully it will be stable in afternoon session, |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #243 Posted: Fri Feb 08, 2013 1:23 pm Post subject: |
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taxmann50 wrote: | psalm wrote: | If the lows made yesterday by Nifty Future is not taken out, one can buy it....I feel....but below its better to exit them....that mean risk is almost zero around these levels... |
Yes Sam you r right, h0pefully it will be stable in afternoon session, |
There was chance of a quick trade....that's why mentioned it....I don't know if this trade will work out....but even if it doesn't, the risk was around 5 or 6 points (that's why mentioned almost zero)....Anyway, it doesn't mean that I've become bullish....I was just indicating the opportunity if anyone was waiting to initiate a fresh LONG...if this trade works out, then there is chance of triggering my trailing stop.... |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #244 Posted: Fri Feb 08, 2013 1:28 pm Post subject: |
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bears are hoping for some bad news flow...if that happens then it will be taken down possibly for good ride....other wise usual short covering bounce will come... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #245 Posted: Fri Feb 08, 2013 1:31 pm Post subject: |
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sw_das wrote: | bears are hoping for some bad news flow...if that happens then it will be taken down possibly for good ride....other wise usual short covering bounce will come... |
As long as Nifty future holds the lows, one can look for some buys I feel...as I had mentioned yesterday, the risk/reward clearly favours the bulls around the range 5735-5715.....if a Bull doesn't buy around these levels, then you can't call him/her a BULL.... |
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rsnerella White Belt
Joined: 30 Jul 2008 Posts: 153
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Post: #246 Posted: Fri Feb 08, 2013 1:36 pm Post subject: |
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psalm
psalm wrote: | sw_das wrote: | bears are hoping for some bad news flow...if that happens then it will be taken down possibly for good ride....other wise usual short covering bounce will come... |
As long as Nifty future holds the lows, one can look for some buys I feel...as I had mentioned yesterday, the risk/reward clearly favours the bulls around the range 5735-5715.....if a Bull doesn't buy around these levels, then you can't call him/her a BULL.... |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #247 Posted: Fri Feb 08, 2013 1:38 pm Post subject: |
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did you buy samji? |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #248 Posted: Fri Feb 08, 2013 1:40 pm Post subject: |
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rsnerella wrote: | psalm
psalm wrote: | sw_das wrote: | bears are hoping for some bad news flow...if that happens then it will be taken down possibly for good ride....other wise usual short covering bounce will come... |
As long as Nifty future holds the lows, one can look for some buys I feel...as I had mentioned yesterday, the risk/reward clearly favours the bulls around the range 5735-5715.....if a Bull doesn't buy around these levels, then you can't call him/her a BULL.... |
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rsnerella, hopefully you were not laughing at my typo again.....in fact it was not 5735-5715 range...I was mentioning 5935-5915 range....sorry for confusion again.... |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #249 Posted: Fri Feb 08, 2013 1:40 pm Post subject: |
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psalm wrote: | sw_das wrote: | bears are hoping for some bad news flow...if that happens then it will be taken down possibly for good ride....other wise usual short covering bounce will come... |
As long as Nifty future holds the lows, one can look for some buys I feel...as I had mentioned yesterday, the risk/reward clearly favours the bulls around the range 5735-5715.....if a Bull doesn't buy around these levels, then you can't call him/her a BULL.... |
Its not about bull or bear...its about opportunities!! Its a buy level due to multiple things. But it is also a break down level... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #250 Posted: Fri Feb 08, 2013 1:41 pm Post subject: |
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vinay28 wrote: | did you buy samji? |
You are not going to make me a bull easily, Vinay..... |
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rsnerella White Belt
Joined: 30 Jul 2008 Posts: 153
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Post: #251 Posted: Fri Feb 08, 2013 1:41 pm Post subject: Nifty view - February |
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Watchout for 5960 on Monday.
vinay28 wrote: | did you buy samji? |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #252 Posted: Fri Feb 08, 2013 1:45 pm Post subject: |
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sw_das wrote: | psalm wrote: | sw_das wrote: | bears are hoping for some bad news flow...if that happens then it will be taken down possibly for good ride....other wise usual short covering bounce will come... |
As long as Nifty future holds the lows, one can look for some buys I feel...as I had mentioned yesterday, the risk/reward clearly favours the bulls around the range 5735-5715.....if a Bull doesn't buy around these levels, then you can't call him/her a BULL.... |
Its not about bull or bear...its about opportunities!! Its a buy level due to multiple things. But it is also a break down level... |
You're giving more reason to buy, Das....even after all, if one is not buying, then he is not entitled to be a Bull....When I used that term, what I meant was he is not really optimistic about the market....having full of fear in going long.... ...when such opportunities arises one shouldn't be afraid too much as the risk/reward could be extremely attractive.... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #253 Posted: Fri Feb 08, 2013 1:50 pm Post subject: |
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psalm wrote: | vinay28 wrote: | did you buy samji? |
You are not going to make me a bull easily, Vinay..... |
I did buy ACC, HUL and Tata Global a while back.... |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #254 Posted: Fri Feb 08, 2013 1:54 pm Post subject: |
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5900pe crossed 72 lakh OI... 6100ce 77 lakhs..
5900-6100 ping pong area for now. |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #255 Posted: Fri Feb 08, 2013 2:03 pm Post subject: |
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apka wrote: | 5900pe crossed 72 lakh OI... 6100ce 77 lakhs..
5900-6100 ping pong area for now. |
Good to see that atleast now for this month ping pong area increased by 100 points on the downside. All Jan 2013 we did not go below 6000 but we did try to go above 6100. In Feb 2013 leave alone 6100 we have now steadily traded for a week below 6000.
Not good for the bulls at all. Bears are taking control. |
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