| View previous topic :: View next topic |
| Author |
Nifty View February |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
Post: #646  Posted: Tue Feb 19, 2013 4:33 pm Post subject: |
 |
|
yes prakash, good level.
apka, there will be follow through tmrw also. I feel one can short around 5975-85 with about 6000 as SL. But 5969 should be crossed to begin with. |
|
| Back to top |
|
 |
|
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #647 Posted: Tue Feb 19, 2013 4:38 pm Post subject: |
|
|
| rk_a2003 wrote: | | pkholla wrote: | Taxmann: Thanks for nice remark. 200 Jindalswhl booked positional profit and 200 intra profit. Ise kehte hai, have your cake and eat it too!
We should always remember Chairman Mao: billi ka rang important nahi hai, as long as he catches the rats!
Jai Hind, Prakash Holla |
Dear Prakash! that quotation is Deng Xiao Pings, not by Mao. |
rk, it's actually a chinese proverb, only made famous by deng. when he was told that it was a capitalist view, his response was "it doesn't matter if it capitalism or communism as long as it works." |
|
| Back to top |
|
|
skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
|
| Post: #648 Posted: Tue Feb 19, 2013 5:33 pm Post subject: |
|
|
| Unless Dow makes some strange move, we will have gap up tomorrow I feel. 20-30 points gap up possible. Let's see. |
|
| Back to top |
|
|
skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
|
| Post: #649 Posted: Tue Feb 19, 2013 9:39 pm Post subject: |
|
|
| Something contradicting!! hourly NS chart. |
|
| Back to top |
|
|
skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
|
| Post: #650 Posted: Tue Feb 19, 2013 9:47 pm Post subject: |
|
|
| Fibo |
|
| Back to top |
|
|
SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
|
| Post: #651 Posted: Tue Feb 19, 2013 10:54 pm Post subject: |
|
|
I may be wrong but this looks like we will break 6000 and give a weekly close above that, now will it happen or will it fall from 5970 and then do the same on expiry week, there will be twist. Lets see but whoever read it right today got a good profit.
This is the fun of Nifty,  |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #652 Posted: Wed Feb 20, 2013 8:49 am Post subject: |
|
|
| sbi, LT, tata steel, etc. have heavy short buildup and buying in them may take nifty up some more |
|
| Back to top |
|
|
skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
|
| Post: #653 Posted: Wed Feb 20, 2013 8:59 am Post subject: |
|
|
We have added OI yesterday too. It makes thing interesting. Will it try blow off to 6060-70 range? Fuel is present. But 6000 call has highest OI. If we sustain, then we can see 6060-70 range in this week. But caution around 5960-70 NF range first half today.  |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #654 Posted: Wed Feb 20, 2013 9:13 am Post subject: |
|
|
| vinay28 wrote: | | sbi, LT, tata steel, etc. have heavy short buildup and buying in them may take nifty up some more |
ok. the 9-month trendline which we broke of nifty is coming at near 5975 which is also the middle bollinger band on daily charts. one possibility maybe we are just retesting the same. if we dont close above it then we may resume downtrend? |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #655 Posted: Wed Feb 20, 2013 9:58 am Post subject: |
|
|
| vinay28 wrote: | | apka, there will be follow through tmrw also. I feel one can short around 5975-85 with about 6000 as SL. But 5969 should be crossed to begin with. |
5970 high as of now. |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #656 Posted: Wed Feb 20, 2013 10:32 am Post subject: |
|
|
| I feel one should buy 5700pe for march now and if nifty goes down in next few days, buy 6100ce for march |
|
| Back to top |
|
|
SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
|
| Post: #657 Posted: Wed Feb 20, 2013 11:26 am Post subject: |
|
|
| The slowness today might be because of the nationwide strike. Now there is no clear signal from the futures of the european market so lets see. |
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #658 Posted: Wed Feb 20, 2013 12:50 pm Post subject: |
|
|
Hope you all are doing well. Couldn't login to the forum as much as I wished. Anyway, the market was not doing bad, wasn't it? Touched some key resistance around 5970-75 earlier today and then some profit booking came. It is trading almost at the lows of the day (5941) after making a low around 5938 a while back. Now the support comes around 5930-5910 area. As long as we don't make any closing low below 5880 or so, there will be buying on dips. I very much believe that this is not an area to SELL. But there are a few people who believe that this is just a pullback on the way to say 5600 or lower levels. I have seen them using this opportunity to initiate fresh shorts in some counters. But the stoploss for those trades are pretty higher than where we're now. Another fact is that there is some kinda reversal happening for a short term trade. I wont be surprised if we test 6070-80 area ( which was my target when I started reversing my trade around 5880) by friday or monday. I know if you're not comfortable buying here. Even the existing LONGs should be protected well because of the Volatile Market conditions ahead of Budget and all. But my suggestion is not to SHORT here, especially selling Futures. PUTs might be less risky, but still looking for a LONG trade looks the best to me. Anyways, let's wait and see where we'll be by the end of the week. Will see you later if possible to login.
NOTE: Most of the stocks, I had bought are trading much higher than their buy prices. Some had triggered stops. While some stocks, I had more than one positions. But today, exited those extra positions to make the portfolio thin and healthy. Had bought a few stocks today - Welcorp, GAIL, Hindalco, JPAssociat, Voltas, JPPower and Bata. While Booked out DLF. Not comfortable going LONG in IT, so, waiting for an opportunity to SELL. Bought a TCS 1450 put already, just for some hedging. |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #659 Posted: Wed Feb 20, 2013 1:00 pm Post subject: |
|
|
| taxmann50 wrote: | | The slowness today might be because of the nationwide strike. Now there is no clear signal from the futures of the european market so lets see. |
sirf naam ka bandh hain. banks are closed. but transport and private offices shops are open. all metros are working nrmlly mumbai delhi banglore.
it was same yesterday till 1.30pm under 3 million volume. but today its over 3 million before 1.30pm. |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #660 Posted: Wed Feb 20, 2013 1:14 pm Post subject: |
|
|
| apka wrote: | | ...till yesterday till 1.30pm under 3 million volume. but today its over 3 million before 1.30pm. |
at that time volume was a 7 year low. Now waiting for a blast after 1.30 again .......... either way! |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
