| View previous topic :: View next topic |
| Author |
Nifty View February |
skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
|
Post: #691  Posted: Thu Feb 21, 2013 10:15 am Post subject: |
 |
|
| a bounce to 5930 NF is possible now? I think we will hold 5895 NF for next 2-3 hours. |
|
| Back to top |
|
 |
|
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #692 Posted: Thu Feb 21, 2013 10:21 am Post subject: |
|
|
| psalm wrote: | | apka wrote: | | 3 million volumes done in 50 mins. |
Yes, there is definitely some panic or else some are creating panic, I feel... ...but doesn't want to short...as we're nowhere technically now....added BankNifty now, around 12250.....will think about exiting at the close if its a pretty weak one....  |
oh new low for bank nifty spot 12235 ... recent low was 12245.
5900pe is shedding OI and focus is shifting to in the money 5900ce writing.
6000ce again near 90 lakhs OI, 6100ce and 6200ce also above 80-85 lakhs OI.
calls are being utilized to churn premium. |
|
| Back to top |
|
|
manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
|
| Post: #693 Posted: Thu Feb 21, 2013 10:24 am Post subject: |
|
|
Sam,
can we short IT index at current price or wait for upside levels...
Manoj |
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #694 Posted: Thu Feb 21, 2013 10:30 am Post subject: |
|
|
| manojkr78 wrote: | Sam,
can we short IT index at current price or wait for upside levels...
Manoj |
I wont suggest it now, Manoj....I will suggest you to wait for a day or two...may be till monday to initiate any fresh shorts in IT index...but if you're buying options (especially of march contract's) or something, then you may do that...but I still feel that there is a bit more upside left in the index.....Having said that if you feel like, you'll miss out on this selling opportunity, then no prob in doing that...but the stoploss should be slightly higher....that's why suggested waiting..anyway, you can consider all these factors before taking any decision... |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #695 Posted: Thu Feb 21, 2013 10:38 am Post subject: |
|
|
| 4 million volumes in 1.5 hours. |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #696 Posted: Thu Feb 21, 2013 10:42 am Post subject: |
|
|
apka, but nifty hasn't fallen in spite of addition of 1 million. If rumour is false, we will see a bounce back.
On rumours, here's another one. "Something is tearing apart the global economy. Lot of guys working in UAE have been asked to leave their jobs."
AND "Mumbai-based software and BPO company Spanco into a situation where it has not paid a majority of its 15,000 staff for at least four months."
need to be verified. |
|
| Back to top |
|
|
manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
|
| Post: #697 Posted: Thu Feb 21, 2013 10:49 am Post subject: |
|
|
sam,
Any levels to watch on upside for IT index.......
Manoj |
|
| Back to top |
|
|
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
|
| Post: #698 Posted: Thu Feb 21, 2013 11:00 am Post subject: |
|
|
| vinay28 wrote: | | "Mumbai-based software and BPO company Spanco where it has not paid a majority of its 15,000 staff for at least four months." need to be verified. |
Vinay: There is a rumor that "Spank-SM-bevda- Bangalore farmhouse" WILL pay a month's salary to all from CEO to bathroom safaiwala. Needs to be verified! That it comes just when banks are pulling the chain..... Prakash Holla |
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #699 Posted: Thu Feb 21, 2013 11:10 am Post subject: |
|
|
| manojkr78 wrote: | sam,
Any levels to watch on upside for IT index.......
Manoj |
Manoj, Talking about levels, immediate resistance for the index is in the range 6995-7060. However, major resistance is in the range 7270-7330. So, if you're shorting here, either you'll have to keep a stoploss above 7060, or else above 7330. If you're really looking to sell it, Sell it with a stop above 7060. ....current rate is around 6972......let's see how it goes.... |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #700 Posted: Thu Feb 21, 2013 11:22 am Post subject: |
|
|
| vinay28 wrote: | apka, but nifty hasn't fallen in spite of addition of 1 million. If rumour is false, we will see a bounce back.
On rumours, here's another one. "Something is tearing apart the global economy. Lot of guys working in UAE have been asked to leave their jobs."
AND "Mumbai-based software and BPO company Spanco into a situation where it has not paid a majority of its 15,000 staff for at least four months."
need to be verified. |
ok. wasnt aware of such rumours.
4.85 million volumes done now in 2 hours 10 mins. |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #701 Posted: Thu Feb 21, 2013 12:39 pm Post subject: |
|
|
VIX 16.48 +0.88
bank nifty spot low 12194.80
nifty spot low 5886.55
nifty fut low 5896.35
12 days back nifty fut OI was near 130 lakhs. we were near about 5950-6000.
today its OI 175 lakhs and nifty has been down.
so its showing at higher price range participation was less. now its coming in a trading range. |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #702 Posted: Thu Feb 21, 2013 12:40 pm Post subject: |
|
|
| VIX should go to 19-20 |
|
| Back to top |
|
|
skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
|
| Post: #703 Posted: Thu Feb 21, 2013 12:42 pm Post subject: |
|
|
| apka wrote: | VIX 16.48 +0.88
bank nifty spot low 12194.80
nifty spot low 5886.55
nifty fut low 5896.35
12 days back nifty fut OI was near 130 lakhs. we were near about 5950-6000.
today its OI 175 lakhs and nifty has been down.
so its showing at higher price range participation was less. now its coming in a trading range. |
We will have clean up soon, max by budget. 200 points volatility is possible. |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #704 Posted: Thu Feb 21, 2013 12:43 pm Post subject: |
|
|
| vinay28 wrote: | | VIX should go to 19-20 |
yipeee!!! lao lao |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #705 Posted: Thu Feb 21, 2013 12:48 pm Post subject: |
|
|
5900ce OI (60 lakh OI) is catching upto 5900pe (67 lakh OI)
6000ce 96 lakh OI. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
