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Nifty View February |
pkholla
Black Belt
Joined: 04 Nov 2010
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Post: #766  Posted: Mon Feb 25, 2013 9:50 am Post subject: |
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| Sam: Your "hunch" is supported By SE Asia and W Europe: both nicely +. (Only US is marginally negative. ) Prakash Holla |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #767 Posted: Mon Feb 25, 2013 9:56 am Post subject: |
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| OI position shows that fresh selling may come around 5930 |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #768 Posted: Mon Feb 25, 2013 10:58 am Post subject: |
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I am bit confused at the way market had gone on thursday and friday. Banks showing no positive sign and hence going long on nifty does not arise atall.
I think the expiry will play out like this i.e. if it goes up to 5950 then next day 5850, kind of rollercoaster.
Want a view on ICICI Bank as I am short in it from 1111.  |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #769 Posted: Mon Feb 25, 2013 11:08 am Post subject: |
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| taxmann50 wrote: | I am bit confused at the way market had gone on thursday and friday. Banks showing no positive sign and hence going long on nifty does not arise atall.
I think the expiry will play out like this i.e. if it goes up to 5950 then next day 5850, kind of rollercoaster.
Want a view on ICICI Bank as I am short in it from 1111. |
Yes, Taxmann...Banks are not giving any clear signals...but I still feel that its better to be long in them, rather than short.....just a gut feeling...by the way, regarding ICICI, look to exit it, if you see levels around 1082-1075...I don't know if it will go there...but if it does, then I'll suggest you to exit your shorts, cos I expect some kinda bounce from there again.....even levels around 1090 could offer reasonable support from here....Regarding the resistance next major resistance is around 1102-1105 area....if taken out, then the next major resistance will be around 1120-25 range, which is the next major resistance for the stock....  |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #770 Posted: Mon Feb 25, 2013 11:15 am Post subject: |
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| psalm wrote: | | taxmann50 wrote: | I am bit confused at the way market had gone on thursday and friday. Banks showing no positive sign and hence going long on nifty does not arise atall.
I think the expiry will play out like this i.e. if it goes up to 5950 then next day 5850, kind of rollercoaster.
Want a view on ICICI Bank as I am short in it from 1111. |
Yes, Taxmann...Banks are not giving any clear signals...but I still feel that its better to be long in them, rather than short.....just a gut feeling...by the way, regarding ICICI, look to exit it, if you see levels around 1082-1075...I don't know if it will go there...but if it does, then I'll suggest you to exit your shorts, cos I expect some kinda bounce from there again.....even levels around 1090 could offer reasonable support from here....Regarding the resistance next major resistance is around 1102-1105 area....if taken out, then the next major resistance will be around 1120-25 range, which is the next major resistance for the stock.... |
Yes Sam, it was a breakdown on thursday and now it reversed very well, what i really think is that if I can keep a stop of 1120 and roll the future over to march then there is a chance of making a good profit at 1050 and may be more on the downside. |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #771 Posted: Mon Feb 25, 2013 11:18 am Post subject: |
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| IT stocks are looking like they're in their last leg of the current rally....So, if somebody wants to short, INFY can be a good candidate at higher levels.....the stock is trading within its resistance range of 2880-2980.....I expect the stock to find lot of resistances around 2980 on a "WEEKLY CLOSING BASIS"....So, upside towards 2980 or so can be used to exit LONGs or even initiate shorts in that counter, I feel....Most of the IT stocks could give good shorting opportunities in the next few days, I feel....many of them are trading around their long term resistances.....yes, there are chances of fresh breakouts...but I'll give only small probability for that event to occur....has already bought March INFY 2900 PUT around 57 already....will be buying further again if it goes up by another 1 or so from here....let's see how it goes... |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #772 Posted: Mon Feb 25, 2013 11:18 am Post subject: |
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| I guess we can go to 5880-90 NF range. Banks can lead today? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #773 Posted: Mon Feb 25, 2013 11:19 am Post subject: |
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| taxmann50 wrote: |
Yes Sam, it was a breakdown on thursday and now it reversed very well, what i really think is that if I can keep a stop of 1120 and roll the future over to march then there is a chance of making a good profit at 1050 and may be more on the downside. |
Will depend on your stop.... |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #774 Posted: Mon Feb 25, 2013 11:39 am Post subject: |
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Lot of bad debts in the existing PSU banks to be pushed to the new banking barons.
Granting banking liscences to business houses theory seems a big joke on aam admi! |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #775 Posted: Mon Feb 25, 2013 11:50 am Post subject: |
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| taxmann50 wrote: | Lot of bad debts in the existing PSU banks to be pushed to the new banking barons.
Granting banking liscences to business houses theory seems a big joke on aam admi! |
Soon, the banks will have to find more money as well... as per the Basel reforms....so, these kinda things will happen...no point in talking about aam admi....in my opinion, RBI should start printing more money....we shouldn't lag behind our global peers
NOTE: As per the latest global Banking norms, Monte dei Paschi di Siena is the best of the lot.....  #montipythonandtheholygrail |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #776 Posted: Mon Feb 25, 2013 11:53 am Post subject: |
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| psalm wrote: | | taxmann50 wrote: | Lot of bad debts in the existing PSU banks to be pushed to the new banking barons.
Granting banking liscences to business houses theory seems a big joke on aam admi! |
Soon, the banks will have to find more money as well... as per the Basel reforms....so, these kinda things will happen...no point in talking about aam admi....in my opinion, RBI should start printing more money....we shouldn't lag behind our global peers
NOTE: As per the latest global Banking norms, Monte dei Paschi di Siena is the best of the lot..... #montipythonandtheholygrail |
Yes print and print and one day we will be overtaking Zimbabwe in Inflation, |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #777 Posted: Mon Feb 25, 2013 11:58 am Post subject: |
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| bank nifty can go to 12500. as of now |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #778 Posted: Mon Feb 25, 2013 11:59 am Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | taxmann50 wrote: | Lot of bad debts in the existing PSU banks to be pushed to the new banking barons.
Granting banking liscences to business houses theory seems a big joke on aam admi! |
Soon, the banks will have to find more money as well... as per the Basel reforms....so, these kinda things will happen...no point in talking about aam admi....in my opinion, RBI should start printing more money....we shouldn't lag behind our global peers
NOTE: As per the latest global Banking norms, Monte dei Paschi di Siena is the best of the lot..... #montipythonandtheholygrail |
Yes print and print and one day we will be overtaking Zimbabwe in Inflation, |
In Zimbabwe, the currency notes don't contain anything other than numbers....the denominations (like 1 billion, 1 trillion extra)....as per the latest reports, you'll need at least 2 to 3 kg of currency notes to buy an egg or a slice of bread there....if you want to shop for your family, you'll need a car to carry the currency notes..... |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #779 Posted: Mon Feb 25, 2013 12:03 pm Post subject: |
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3 kg notes for 100gm eggs.  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #780 Posted: Mon Feb 25, 2013 12:12 pm Post subject: |
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| vinay28 wrote: | | 3 kg notes for 100gm eggs. |
Though I was just kidding regarding notes and eggs....the fact is that their currency is almost worthless now.....no one will accept it internationally....even within Zimbabwe itself, acceptance is pretty less........
#back2barter |
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