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Nifty View February |
rsnerella
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Joined: 30 Jul 2008
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Post: #376  Posted: Wed Feb 13, 2013 12:59 pm Post subject: Nifty view - February |
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Now senses can take this information.  |
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pkholla
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Joined: 04 Nov 2010
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| Post: #377 Posted: Wed Feb 13, 2013 12:59 pm Post subject: |
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| Das: Thanks a lot. Very clear now. Prakash Holla |
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psalm
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Joined: 12 Nov 2011
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| Post: #378 Posted: Wed Feb 13, 2013 1:14 pm Post subject: |
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IT stocks are the ones which are holding the market above 5950 levels...autos and Oil stocks are giving good support.....anyway, exiting the IT shorts yesterday look like an excellent decision now.....  |
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psalm
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| Post: #379 Posted: Wed Feb 13, 2013 1:47 pm Post subject: |
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| psalm wrote: | | Andre wrote: | Psalm,
Anylevel to watch out for in Bank Nifty....please lemme know ur views regarding the same.....
Thank
Andre |
Andre, I was expecting some support for BankNifty around 12200 levels. I had even posted that in this same thread. The index went slightly below 12250 and then bounced back by around 150 or 200 points. I don't expect too much exuberence in BankNifty today, as SBI result is scheduled tomorrow. For SBI, levels around 2280 could be tested again later today or else tomorrow morning. So, overall, I don't see too much upside in BankNifty till, SBI result. Talking about technicals, the index has lot of resistance in the range 12490-12530. It will do well only if it starts trdaing above 12530 levels. In that case, there is chance of it testing 12580 and 12690 levels. There is chance of it testing the recent highs if it trades above 12690 on a sustainable basis. On the downside, levels around 12400 is the immediate support, below that 12340-320 area could be tested.
NOTE: There is CHANCE of it closing below 12350 levels today. Even in that case, I wont be too much worried, as long as it doesn't closes below the recent lows (closing).  |
As expected, SBI has tested 2280...but that didn't make much dent to BankNifty.....so, I have a feeling that there is reasonable strength in that index.... |
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skd2012
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Joined: 03 Oct 2012
Posts: 948
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| Post: #380 Posted: Wed Feb 13, 2013 2:22 pm Post subject: |
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| We pulled back seeing red in Europe |
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vinay28
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Joined: 24 Dec 2010
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| Post: #381 Posted: Wed Feb 13, 2013 2:25 pm Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | market may have bottomed out. When you don't get qty that yu are trying to buy, it shows. I feel reliance bhagega.
If it closes above 5920, we may see a gap up tmrw. |
so far so good. Not waiting for 5950NF for an entry. |
5950 |
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psalm
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| Post: #382 Posted: Wed Feb 13, 2013 2:38 pm Post subject: |
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| I have been recommending PSU bank stocks for the last 2 days....many stocks are giving good opportunities now, I feel......I treat this as an opportunity to buy rather than getting nervous by the sudden dip in the banking counters for the last hour or so..... |
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SP50
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Joined: 26 Nov 2010
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| Post: #383 Posted: Wed Feb 13, 2013 2:39 pm Post subject: |
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| sw_das wrote: | | We pulled back seeing red in Europe |
Europe (DAX ) in U turn trend, short will be risky. |
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Vikas91
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Joined: 28 Nov 2012
Posts: 140
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| Post: #384 Posted: Wed Feb 13, 2013 2:39 pm Post subject: |
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The data highlights over the next few hours ( GMT )
07.00- GermanWholesale Price Index
08.15- Swiss Producer/Import Price Index
10.00-Eurozone Industrial Production
10.30 -UK BOE Inflation Report
10.30- BOE Governor King speaks |
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SP50
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| Post: #385 Posted: Wed Feb 13, 2013 2:41 pm Post subject: |
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| psalm wrote: | | I have been recommending PSU bank stocks for the last 2 days....many stocks are giving good opportunities now, I feel......I treat this as an opportunity to buy rather than getting nervous by the sudden dip in the banking counters for the last hour or so..... |
What is your thought on SBIN now? |
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psalm
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| Post: #386 Posted: Wed Feb 13, 2013 2:46 pm Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | I have been recommending PSU bank stocks for the last 2 days....many stocks are giving good opportunities now, I feel......I treat this as an opportunity to buy rather than getting nervous by the sudden dip in the banking counters for the last hour or so..... |
What is your thought on SBIN now? |
Nothing has changed, Taxmann.....But I wasn't expecting it to fall below 2250 easily....but I don't see it as a big problem at least now...if it remains there after the result, is another thing.....but as of now, I don't see much problem....above all, I had mentioned earlier that the BankNifty can close below 12350....but technically, that wont change anything.....But as per my methods, its a positive thing..... ....anyway, its about how you look at the markets....yes, there is risk.....but were is the risk when we're almost 50 or 55 points above the recent lows..... ... |
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psalm
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| Post: #387 Posted: Wed Feb 13, 2013 2:47 pm Post subject: |
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| psalm wrote: | | taxmann50 wrote: | | psalm wrote: | | I have been recommending PSU bank stocks for the last 2 days....many stocks are giving good opportunities now, I feel......I treat this as an opportunity to buy rather than getting nervous by the sudden dip in the banking counters for the last hour or so..... |
What is your thought on SBIN now? |
Nothing has changed, Taxmann.....But I wasn't expecting it to fall below 2250 easily....but I don't see it as a big problem at least now...if it remains there after the result, is another thing.....but as of now, I don't see much problem....above all, I had mentioned earlier that the BankNifty can close below 12350....but technically, that wont change anything.....But as per my methods, its a positive thing..... ....anyway, its about how you look at the markets....yes, there is risk.....but were is the risk when we're almost 50 or 55 points above the recent lows..... ... |
The thing I'm looking at the close is if we'll be able to close above 5931....if so, its a good day for a bull.... |
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skd2012
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Joined: 03 Oct 2012
Posts: 948
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| Post: #388 Posted: Wed Feb 13, 2013 2:51 pm Post subject: |
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| taxmann50 wrote: | | sw_das wrote: | | We pulled back seeing red in Europe |
Europe (DAX ) in U turn trend, short will be risky. |
The issue was when we were at intra resistance, little help from UK was enough. It did not care much once the mood was broken. |
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SP50
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Joined: 26 Nov 2010
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| Post: #389 Posted: Wed Feb 13, 2013 3:04 pm Post subject: |
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| Beautiful |
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Vikas91
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Joined: 28 Nov 2012
Posts: 140
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| Post: #390 Posted: Wed Feb 13, 2013 3:11 pm Post subject: |
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| psalm wrote: | | psalm wrote: | | taxmann50 wrote: | | psalm wrote: | | I have been recommending PSU bank stocks for the last 2 days....many stocks are giving good opportunities now, I feel......I treat this as an opportunity to buy rather than getting nervous by the sudden dip in the banking counters for the last hour or so..... |
What is your thought on SBIN now? |
Nothing has changed, Taxmann.....But I wasn't expecting it to fall below 2250 easily....but I don't see it as a big problem at least now...if it remains there after the result, is another thing.....but as of now, I don't see much problem....above all, I had mentioned earlier that the BankNifty can close below 12350....but technically, that wont change anything.....But as per my methods, its a positive thing..... ....anyway, its about how you look at the markets....yes, there is risk.....but were is the risk when we're almost 50 or 55 points above the recent lows..... ... |
The thing I'm looking at the close is if we'll be able to close above 5931....if so, its a good day for a bull.... |
NF made low of 5926.65 and now trading at 5933. Will it close above 5931
we will wait and see |
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