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Nifty View February |
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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Post: #721  Posted: Thu Feb 21, 2013 3:24 pm Post subject: |
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I've decided to hold my LONGs for one more day.....have bought a few new stocks and averaged a few other ones....Bought a few PUTs too...as the risk is pretty high.....The market is not looking rosy at this point...but I was not comfortable initiating any short trade....thats why decided to carry the LONGs with some hedges....Will see how it goes tomorrow....Wont be surprised if there is another gap down tomorrow....but let's wait and see.....  |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #722 Posted: Thu Feb 21, 2013 3:26 pm Post subject: |
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| Big OI build up, God knows how it will blow off. I guess all are expecting support around in 5800-5820 range. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #723 Posted: Thu Feb 21, 2013 3:27 pm Post subject: |
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| vinay28 wrote: | | DI at 81.40 |
Vinay, DI has the next resistance around 81.4-82 (especially, 81.4-81.7)....but sustaining above 81.3 itself is risky for the global equity markets....but let's wait and see if this move really sustains.... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #724 Posted: Thu Feb 21, 2013 3:31 pm Post subject: |
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| does anyone remember when was nifty -95 from previous close and bank nifty -325 last time? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #725 Posted: Thu Feb 21, 2013 3:59 pm Post subject: |
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| psalm wrote: | | I've decided to hold my LONGs for one more day.....have bought a few new stocks and averaged a few other ones....Bought a few PUTs too...as the risk is pretty high.....The market is not looking rosy at this point...but I was not comfortable initiating any short trade....thats why decided to carry the LONGs with some hedges....Will see how it goes tomorrow....Wont be surprised if there is another gap down tomorrow....but let's wait and see..... |
One never knows sam. You could be lucky with a gap up open also. But going above 5915 looks dificult as of now. Recovery can be very sharp though. By the way, yesterday's candle was like that on 13/2 and not 26/11.
Let's take a side bet. Tmrw's low 5814 and next week's high 5930? |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #726 Posted: Thu Feb 21, 2013 9:30 pm Post subject: |
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Sgx Nifty Future
5818.50 -29.50 -0.51 %
As per CNBC, this is worst fall since July 2012. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #727 Posted: Thu Feb 21, 2013 9:42 pm Post subject: |
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| As a wild guess, tmrw will open around 5825, go down to 5814 and then close +ve. By Tuesday we should see 5930 but I would hope for > 5970 on Tuesday. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #728 Posted: Thu Feb 21, 2013 9:59 pm Post subject: |
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| vinay28 wrote: | | As a wild guess, tmrw will open around 5825, go down to 5814 and then close +ve. By Tuesday we should see 5930 but I would hope for > 5970 on Tuesday. |
You are too much a dictator for the Nifty Vinay  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #729 Posted: Fri Feb 22, 2013 8:18 am Post subject: |
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| rk_a2003 wrote: | | vinay28 wrote: | | As a wild guess, tmrw will open around 5825, go down to 5814 and then close +ve. By Tuesday we should see 5930 but I would hope for > 5970 on Tuesday. |
You are too much a dictator for the Nifty Vinay |
oh, how I wish you were right, rk! |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #730 Posted: Fri Feb 22, 2013 8:38 am Post subject: |
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@vinay : PCR 0.88 and premium of 1 ????  
I think thats extreme bearishness... if we close red today...i think on the weekly charts we are quite bearish in the near term.. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #731 Posted: Fri Feb 22, 2013 8:44 am Post subject: |
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| yo yo situation. if it tries to move it further down, one needs to respect it and do not try to find bottom. But everything supports a support around 5800, if not 5650 around on card. But contradiction is banknifty should get support around in 11900-12000 range. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #732 Posted: Fri Feb 22, 2013 8:53 am Post subject: |
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| stevenmat wrote: | @vinay : PCR 0.88 and premium of 1 ????
I think thats extreme bearishness... if we close red today...i think on the weekly charts we are quite bearish in the near term.. |
enjoy the ride steve!
5820 is a -ww target. Also, unless it falls a great deal today, weekly candle will be an inverted hammer. It is safe as long as it doesn't close below 5820. |
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masa
White Belt
Joined: 06 Jan 2007
Posts: 162
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| Post: #733 Posted: Fri Feb 22, 2013 9:00 am Post subject: |
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| Nifty Update |
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masa
White Belt
Joined: 06 Jan 2007
Posts: 162
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| Post: #734 Posted: Fri Feb 22, 2013 9:28 am Post subject: |
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| Nifty intraday high should be around 5863-5865. Yesterdeay's VAL is 5863. |
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masa
White Belt
Joined: 06 Jan 2007
Posts: 162
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| Post: #735 Posted: Fri Feb 22, 2013 10:03 am Post subject: |
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| Nifty intraday high might be around 5865. But bar set up does not allow me to go short here at this point of time. If bar set up allow me to do so, I will short keeping stop loss @ 5865 tgt 5827-5817 and 5795 |
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