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Nifty View February |
psalm
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Joined: 12 Nov 2011
Posts: 5368
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Post: #751  Posted: Fri Feb 22, 2013 2:12 pm Post subject: |
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| apka wrote: | | Ive entered march 5800pe @ 75 for trgt 170 or 5650 whichever is earlier. lets see. |
March one is pretty safe, Apka...but its better to avoid Feb PUTs...By going below last week's low, it has generated a fresh Sell signal in weekly itself, Apka....but that doesn't mean Nifty can't go up from here....it can...but unless it gives a buy signal (will take at least another 3 more weeks), this sell signal will be active....so, I'll be looking to sell on rallies at higher levels...but as of now holding my LONGs....if there is any rally from here prior to Budget or any other event, I'll definitely be looking to initiate some shorts....in between, i'm looking still to buy to make some quick money next week or till 1st week of March(provided 5834 is held)..  |
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vinay28
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Joined: 24 Dec 2010
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| Post: #752 Posted: Fri Feb 22, 2013 2:22 pm Post subject: |
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| apka, I think you should also hedge with 6100ce for march |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #753 Posted: Fri Feb 22, 2013 2:25 pm Post subject: |
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| vinay28 wrote: | | apka, I think you should also hedge with 6100ce for march |
Ya, im buying equity of lt sbin instead as an alternative hedge. |
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vinay28
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Joined: 24 Dec 2010
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| Post: #754 Posted: Fri Feb 22, 2013 2:27 pm Post subject: |
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| that would be focussing on a particularl sector and scrip. what if some other sector takes nifty up? I would prefer 5700pe/6100ce combo. Best case target 100-200 |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #755 Posted: Fri Feb 22, 2013 2:33 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | | apka, I think you should also hedge with 6100ce for march |
Ya, im buying equity of lt sbin instead as an alternative hedge. |
Good choices, Apka....especially, LT...looking extremely oversold....even in Weekly.....so, look safe to me....SBI too...could give a reasonable bounce...but BankNifty and some other banks are giving mixed signals...that's why not sure...but LT and other Capital Goods stocks (like BHEL, Crompton, Voltas etc) are all looking good for a bounce...technically, yea....let's see if it will materialize or not... |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #756 Posted: Fri Feb 22, 2013 2:34 pm Post subject: |
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ya you're right other sector may go up.. its a risk I am taking because SBI and LT are beaten down a lot amongst heavy weights.
i dont want to take both strike options and let premium lose incase of range bound. |
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vinay28
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Joined: 24 Dec 2010
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| Post: #757 Posted: Fri Feb 22, 2013 2:39 pm Post subject: |
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| apka wrote: | | i dont want to take both strike options and let premium lose incase of range bound. |
You don't have to worry about premium loss as this trade is probably at the most till 10th March |
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Vikas91
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Joined: 28 Nov 2012
Posts: 140
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| Post: #758 Posted: Fri Feb 22, 2013 2:42 pm Post subject: |
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| Whether the government will reduce borrowing in the next fiscal year is too close to call, but economists polled say its resolve to cut spending and giveaways in next week's budget will reignite investor confidence. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #759 Posted: Fri Feb 22, 2013 3:00 pm Post subject: |
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| apka wrote: | | Ive entered march 5800pe @ 75 for trgt 170 or 5650 whichever is earlier. lets see. |
I feel we will see 5950-80 NF range in march series once after budget. |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #760 Posted: Fri Feb 22, 2013 3:03 pm Post subject: |
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| Vikas91 wrote: | | Govt. resolve to cut spending and giveaways in next week's budget will reignite investor confidence. |
Vikas: That IS the point. To fool the people to believe that this Govt means business. Until the budget. Until the next election. The Congress party is the worst offender when it comes to free, cheap, discounted. Andhra elections, Punjab elections, you name it. Prakash Holla |
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apka
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| Post: #761 Posted: Fri Feb 22, 2013 3:09 pm Post subject: |
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This time they are pre-announcing that fiscal deficit maybe reduced below 5.3%
they have not yet met the disinvestment trgt nor the 2g 3g auction has fetch the amount they were looking for... not sure how they are saying so.
werent they saying something on similar lines last year but fiscal deficit came higher instead? |
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apka
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| Post: #762 Posted: Fri Feb 22, 2013 3:18 pm Post subject: |
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| white inverted hammer todays candle and |
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masa
White Belt
Joined: 06 Jan 2007
Posts: 162
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| Post: #763 Posted: Sun Feb 24, 2013 9:33 am Post subject: |
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| Nifty Update |
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masa
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Joined: 06 Jan 2007
Posts: 162
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| Post: #764 Posted: Sun Feb 24, 2013 1:05 pm Post subject: |
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| Nifty long term update. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #765 Posted: Mon Feb 25, 2013 9:40 am Post subject: |
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| I still believe that the market will go up as long as yesterday's low (around 5835 is not violated). I still feel that there is good chance for us to test 6050-6060 levels in this week. With that anticipation, I'm still buying wherever, I see opportunity. Anyway, let's wait and see... |
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