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Nifty View February
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Nifty View February

skd2012
Yellow Belt

Joined: 03 Oct 2012
Posts: 948

Post: #541 Posted: Fri Feb 15, 2013 3:02 pm Post subject:

psalm, about sentimental stocks. It need not be highest weightage. It is about making counter move to the market and forcing certain reversal to the market and forcing people to close their positions. In last bull market there used to be a small stock like STERLITE, it used to change market direction so many times. The same is applicable for icicibank.

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #542

Posted: Fri Feb 15, 2013 3:04 pm Post subject:

sw_das wrote:

psalm, about sentimental stocks. It need not be highest weightage. It is about making counter move to the market and forcing certain reversal to the market and forcing people to close their positions.

In last bull market there used to be a small stock like STERLITE, it used to change market direction so many times.

The same is applicable for icicibank.

...ok...no more arguments...

apka
Black Belt

Joined: 13 Dec 2011
Posts: 6137

Post: #543

Posted: Fri Feb 15, 2013 3:04 pm Post subject:

psalm wrote:

By the way, SBI was not the sole reason why this rebound happened ....SBI has gone up by around 1.5% from the lows....look at L&T (more than 1.5%) , Bharti (around 4%)....Reliance (around 1.5%)., ICICI Bank (1.5 or more)...L&T, ICICI and Reliance has much higher weightage on the index as well....but yes, SBI has done its part.... Laughing

yeh, all seeing buying / short covering

vinay28
Black Belt

Joined: 24 Dec 2010
Posts: 11748

Post: #544 Posted: Fri Feb 15, 2013 3:05 pm Post subject:

as long as stocks I had mentioned moved, who cares in what order.

SP50
Brown Belt

Joined: 26 Nov 2010
Posts: 1615

Post: #545

Posted: Fri Feb 15, 2013 3:06 pm Post subject:

psalm wrote:

Oops....that was a move!!!!! Laughing

Yes, I have a good sum invested in the 5900 calls, Laughing

skd2012
Yellow Belt

Joined: 03 Oct 2012
Posts: 948

Post: #546

Posted: Fri Feb 15, 2013 3:08 pm Post subject:

psalm wrote:

sw_das wrote:

...ok...no more arguments...

Yes, it may be just perception from person to person. But it is better to leave the debate going any further Very Happy

Last edited by skd2012 on Fri Feb 15, 2013 3:19 pm; edited 1 time in total

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #547

Posted: Fri Feb 15, 2013 3:10 pm Post subject:

taxmann50 wrote:

psalm wrote:

Oops....that was a move!!!!! Laughing

Yes, I have a good sum invested in the 5900 calls, Laughing

Now the question is will we be closing above 5880.....or at leats above 5878.... Smile

...looks like we will...then its not a bad close, in my opinion.... Smile

SP50
Brown Belt

Joined: 26 Nov 2010
Posts: 1615

Post: #548 Posted: Fri Feb 15, 2013 3:10 pm Post subject:

Now one question is whether shorts to be carried forward for next week or not.

vinay28
Black Belt

Joined: 24 Dec 2010
Posts: 11748

Post: #549 Posted: Fri Feb 15, 2013 3:15 pm Post subject:

shorts, taxmann? you said you have 5900 calls?

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #550

Posted: Fri Feb 15, 2013 3:18 pm Post subject:

taxmann50 wrote:

Now one question is whether shorts to be carried forward for next week or not.

Shorts can be carried...Stoploss should be around 5923...above 5923, the market will be pretty bullish....I believe

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #551

Posted: Fri Feb 15, 2013 3:20 pm Post subject:

psalm wrote:

taxmann50 wrote:

Now one question is whether shorts to be carried forward for next week or not.

Shorts can be carried...Stoploss should be around 5923...above 5923, the market will be pretty bullish....I believe

If one has a bit more risk-appetite even 5931 can be used as a stoploss on a Closing basis.... Smile

Vikas91
White Belt

Joined: 28 Nov 2012
Posts: 140

Post: #552

Posted: Fri Feb 15, 2013 3:21 pm Post subject:

sw_das wrote:

This time Reliance and LT as per me

SP50
Brown Belt

Joined: 26 Nov 2010
Posts: 1615

Post: #553

Posted: Fri Feb 15, 2013 3:22 pm Post subject:

vinay28 wrote:

shorts, taxmann? you said you have 5900 calls?

No i meant individual stock shorts, I have few banks short Laughing

(ICICI @1124 , AXIS @1444)

skd2012
Yellow Belt

Joined: 03 Oct 2012
Posts: 948

Post: #554

Posted: Fri Feb 15, 2013 3:23 pm Post subject:

taxmann50 wrote:

Now one question is whether shorts to be carried forward for next week or not.

It may be just a bounce. Chart wise, down trend is intact. As I said before, due to budget on expiry day and also due to low volatility, we will give periodical bounces. We will make extreme range bound moves. So carrying long or short without hedge may give loss.

skd2012
Yellow Belt

Joined: 03 Oct 2012
Posts: 948

Post: #555

Posted: Fri Feb 15, 2013 3:25 pm Post subject:

sw_das wrote:

taxmann50 wrote:

Now one question is whether shorts to be carried forward for next week or not.

Just to add one thing, in case market sustain above 5900 spot, there is a chance to visit close 5950-70. But let it close first above 5900 above.

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