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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #391  Posted: Wed Feb 13, 2013 3:19 pm Post subject: |
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| sam's levels are NS |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #392 Posted: Wed Feb 13, 2013 3:32 pm Post subject: |
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| Vikas91 wrote: | | 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 |
In my opinion, its a good closing.....better than yesterday's closing.... ...the blackmark is that we didn't sustain at higher levels....but thats understandable....cos, the trend was clearly down.....a trend change wont happen just with a trade....so, it was fair that we had slide from around 5968-70 area...but that was expected too.....overall, if you're a bull, there is nothing much to complain about today's trade....But as I mentioned in the morning itself, we must always be cautious....cos, we're not out of woods yet....Anyway, let's wait and see how SBI performs tomorrow and what kinda effect it will have on the market tomorrow..... |
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Vikas91
White Belt
Joined: 28 Nov 2012
Posts: 140
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| Post: #393 Posted: Wed Feb 13, 2013 3:33 pm Post subject: |
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| vinay28 wrote: | | sam's levels are NS |
NS Closed at 5932.95
NF Closed at 5936.45 |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #394 Posted: Wed Feb 13, 2013 3:58 pm Post subject: |
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check 21-11-2012 and 22-11-2012 candle.... will resember yesterdays and todays candle somewhat.
21-11-2012 was below 50ema close white candle. yesterdays was also.
22-11-2012 gap up but close above 50ema. similar today. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #395 Posted: Wed Feb 13, 2013 6:45 pm Post subject: |
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| apka wrote: | check 21-11-2012 and 22-11-2012 candle.... will resember yesterdays and todays candle somewhat.
21-11-2012 was below 50ema close white candle. yesterdays was also.
22-11-2012 gap up but close above 50ema. similar today. |
If market has to continue with the bigger up trend, it will cross 6000 tomorrow or day after. I am skeptical as I told before.
Rather this time, it can break 5900 tomorrow if SBI result or commentary is bad.
Bank NIFTY can go to 11900-12000 in this series I think. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #396 Posted: Wed Feb 13, 2013 7:13 pm Post subject: |
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| apka wrote: | check 21-11-2012 and 22-11-2012 candle.... will resember yesterdays and todays candle somewhat.
21-11-2012 was below 50ema close white candle. yesterdays was also.
22-11-2012 gap up but close above 50ema. similar today. |
sam had pointed out earlier that nifty is oversold like it was in 3rd week of Nov. Assuming history repeats (which it rarely does exactly), nifty should show 200+ gain next week. Remember significance of 18/02? shhhhh   |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #397 Posted: Wed Feb 13, 2013 7:24 pm Post subject: |
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| sw_das wrote: | | apka wrote: | check 21-11-2012 and 22-11-2012 candle.... will resember yesterdays and todays candle somewhat.
21-11-2012 was below 50ema close white candle. yesterdays was also.
22-11-2012 gap up but close above 50ema. similar today. |
If market has to continue with the bigger up trend, it will cross 6000 tomorrow or day after. I am skeptical as I told before.
Rather this time, it can break 5900 tomorrow if SBI result or commentary is bad.
Bank NIFTY can go to 11900-12000 in this series I think. |
agreed |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #398 Posted: Wed Feb 13, 2013 7:25 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | check 21-11-2012 and 22-11-2012 candle.... will resember yesterdays and todays candle somewhat.
21-11-2012 was below 50ema close white candle. yesterdays was also.
22-11-2012 gap up but close above 50ema. similar today. |
sam had pointed out earlier that nifty is oversold like it was in 3rd week of Nov. Assuming history repeats (which it rarely does exactly), nifty should show 200+ gain next week. Remember significance of 18/02? shhhhh |
hmm. the low OI in futures and high OI in puts and calls is making me go bananas. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #399 Posted: Wed Feb 13, 2013 8:08 pm Post subject: |
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| Nifty 15tf with "wild" TLs. +ve div on rsi earlier. Now rsi TL needs to be watched for further move. No queries pl. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #400 Posted: Thu Feb 14, 2013 10:02 am Post subject: |
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SBIN is right now king of new lows... till it stabilizes or finds bottom market will not rally.
I think its hit a support area 2215-2220 low today, what you say sam, vinay? |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #401 Posted: Thu Feb 14, 2013 10:12 am Post subject: |
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both side SL hitting is expected. Better to stay away till result is out.
apka, Do you sell first for your high volume option scalp? Or buy and then sell? |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #402 Posted: Thu Feb 14, 2013 10:32 am Post subject: |
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| apka wrote: | | SBIN is right now king of new lows |
Apka, SBIN was 9th (now 8th) in Top 10 list of N50 losers. It is only a ghulam! Not Ikka! Cheers, Prakash Holla |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #403 Posted: Thu Feb 14, 2013 10:39 am Post subject: |
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| sw_das wrote: | both side SL hitting is expected. Better to stay away till result is out.
apka, Do you sell first for your high volume option scalp? Or buy and then sell? |
i buy then sell |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #404 Posted: Thu Feb 14, 2013 10:41 am Post subject: |
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| pkholla wrote: | | apka wrote: | | SBIN is right now king of new lows |
Apka, SBIN was 9th (now 8th) in Top 10 list of N50 losers. It is only a ghulam! Not Ikka! Cheers, Prakash Holla |
prakash, ordinarily you will see if sbin stops making new lows, nifty will also start to reverse... many times it gives indication. like yesterday sbin broke 2276 its previous low, took it as an indication nifty will break its day low 5938...
if sbi breaks its day high, nifty will also most times. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #405 Posted: Thu Feb 14, 2013 10:44 am Post subject: |
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| apka, I feel it's a buy in banks, nifty, etc. etc. |
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