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Nifty View February |
skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #256 Posted: Fri Feb 08, 2013 2:09 pm Post subject: |
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psalm wrote: | 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.... |
Gone long every time we touched 5950 since yesterday. Giving a pass for this last one as premium is a bit high and also 2nd half. If we have IB today...monday will be interesting |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #257 Posted: Fri Feb 08, 2013 2:15 pm Post subject: |
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daddy is going to declare its result on 14th - Thursday.
its 250 points down from high, about 9-10% .. one of the days before result it is going to give a short covering rally. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #258 Posted: Fri Feb 08, 2013 2:17 pm Post subject: |
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sw_das wrote: |
Gone long every time we touched 5950 since yesterday. Giving a pass for this last one as premium is a bit high and also 2nd half. If we have IB today...monday will be interesting |
Das, I was not talking about you....I was just replying to your post of bears and short covering.....you have mentioned that short covering could take place...and that there is multiple supports there around those levels and all.....even with all those factors, if one is not buying then he/she is not entitled to be optimistic.....it was just a general comment....hope you'll understand..... |
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rsnerella White Belt
Joined: 30 Jul 2008 Posts: 153
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Post: #259 Posted: Fri Feb 08, 2013 2:22 pm Post subject: Nifty view - February |
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Active Members here are : vinay,psalm,apka,das,taxmann,holla.
sometimes me |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #260 Posted: Fri Feb 08, 2013 2:32 pm Post subject: |
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I am hyper! |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #261 Posted: Fri Feb 08, 2013 2:35 pm Post subject: |
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If the market is gonna move here and there a little, then it is gonna close below 5950 levels...which means continuation of this down trend.....but I wont rule out testing higher levels next week ( 6060-6080 )...but that will still be selling opportunities, unless some huge buying happens around those levels....if it happens, the positional SHORTs can be held, I feel...I'll definitely be holding them....anyway, let's wait and see where we're gonna close today... |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #262 Posted: Fri Feb 08, 2013 2:46 pm Post subject: |
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who brought the premium back to 25 points |
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rsnerella White Belt
Joined: 30 Jul 2008 Posts: 153
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Post: #263 Posted: Fri Feb 08, 2013 2:49 pm Post subject: Nifty view - February |
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May be taxmann das apka wrote: | who brought the premium back to 25 points |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #264 Posted: Fri Feb 08, 2013 2:50 pm Post subject: |
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any updates on the EU meet, when will it conclude and when will there be announcement about it |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #266 Posted: Fri Feb 08, 2013 3:05 pm Post subject: |
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suspicion proved true |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #267 Posted: Fri Feb 08, 2013 3:07 pm Post subject: |
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sw_das wrote: | suspicion proved true |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #268 Posted: Fri Feb 08, 2013 3:14 pm Post subject: |
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apka wrote: | who brought the premium back to 25 points |
it reached a high of 31. |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #269 Posted: Fri Feb 08, 2013 3:21 pm Post subject: |
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It came exactly...they just trapped longs.... down trend continues for time being!! |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #270 Posted: Fri Feb 08, 2013 3:24 pm Post subject: |
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i carried short ear 6000 spot for trgt 5880-5885 this week. |
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