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Nifty View February |
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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Post: #706  Posted: Thu Feb 21, 2013 1:11 pm Post subject: |
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VIX 16.78 high
bank nifty low 12150... support @ 12080-90 then 11980. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #707 Posted: Thu Feb 21, 2013 1:14 pm Post subject: |
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VIX 16.80.... 7 million nifty fut volumes before europe begins... new trend is going to start i think  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #708 Posted: Thu Feb 21, 2013 1:26 pm Post subject: |
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| 17.07 VIX high..... 7.5 million fut volumes ... this is fun |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #709 Posted: Thu Feb 21, 2013 1:43 pm Post subject: |
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The risk/reward is not in your favour, if you're selling it here.....yes, there could be a breakdown if we go below 5830 or so...but around around 5860-70, the risk/reward is not at all favourable.....Having said that, the market condition is not that looking good...As part of my buying strategy, was still buying stocks which were coming to some supports. Looking at the overall picture, I have a feeling that almost 80% of the frontline index stocks are around some supports now. That means we could find some support around here. At the same time, if there is further selling to the tune of 40 or 50 points, then there is gonna be some break down of levels....In that case, the selling may not stop...could continue in the next few days....but as of now, the risk/reward is favourable for a BUY. But if not comfortable, buying then wait for the break-down or wait for the next resistance to sell....Will be an interesting second half...if we don't make any new closing low, I'll be pretty comfortable holding my LONGs for the next day with some hedges (which I already have to a certain extent)...anyway, let's wait and see where we're gonna close today....  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #710 Posted: Thu Feb 21, 2013 2:01 pm Post subject: |
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last few days nifty closing making LL and HH... today LL coming near 5876.
Even RSI is doing the same.
nifty fut volumes now 8.6 million by 2pm. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #711 Posted: Thu Feb 21, 2013 2:06 pm Post subject: |
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| apka, that's like a diverging wedge and can imply BO/BD on either side. 5839 is 100sma |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #712 Posted: Thu Feb 21, 2013 2:26 pm Post subject: |
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ya vinay, 6000ce OI has crossed 1cr... considering that i dont think BO is likely.
5900ce OI has crossed 5900pe OI. 5900pe OI is now 61 lakhs.
5800pe is however adding OI. Will have to see whether or not it gets reduced by close today. If not then couple of days more we should hold. |
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iakash
White Belt
Joined: 07 Mar 2012
Posts: 46
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| Post: #713 Posted: Thu Feb 21, 2013 2:42 pm Post subject: |
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| Nifty might have changed the slope of its uptrend... check image below... will it take support at this new channel and move upwards from tomorrow or next week? |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #714 Posted: Thu Feb 21, 2013 2:48 pm Post subject: |
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| iakash wrote: | | Nifty might have changed the slope of its uptrend... check image below... will it take support at this new channel and move upwards from tomorrow or next week? |
 twist n lime
possible.... but the bottom red line has only 1 previous bounce .. so support is less compared to resistence upside. |
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iakash
White Belt
Joined: 07 Mar 2012
Posts: 46
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| Post: #715 Posted: Thu Feb 21, 2013 2:53 pm Post subject: |
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| apka wrote: | | iakash wrote: | | Nifty might have changed the slope of its uptrend... check image below... will it take support at this new channel and move upwards from tomorrow or next week? |
twist n lime
possible.... but the bottom red line has only 1 previous bounce .. so support is less compared to resistence upside. |
True, Apka... But if it bounces back from here, then lower line becomes a good support for future.... Also, upper channel line can then be considered as possible target ... of 6200+ in march... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #716 Posted: Thu Feb 21, 2013 3:01 pm Post subject: |
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| DI at 81.40 |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #717 Posted: Thu Feb 21, 2013 3:04 pm Post subject: |
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| Bank NIFTY 11900-12000 is weekly support range. We are pretty close to it. |
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Vikas91
White Belt
Joined: 28 Nov 2012
Posts: 140
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| Post: #718 Posted: Thu Feb 21, 2013 3:18 pm Post subject: |
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is Nifty at double bottom ?
5838.05 is Dec 18th Low |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #719 Posted: Thu Feb 21, 2013 3:20 pm Post subject: |
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| It is possible that strong buying will emerge here. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #720 Posted: Thu Feb 21, 2013 3:22 pm Post subject: |
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sam are u sqring off longs or carrying? what level are you looking.
seems close will be 5850 or so. |
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