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Nifty View February |
apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #796 Posted: Mon Feb 25, 2013 1:14 pm Post subject: |
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nifty low nifty spot and bank nifty. support of sorts here. my march put 85. |
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Vikas91 White Belt
Joined: 28 Nov 2012 Posts: 140
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Post: #797 Posted: Mon Feb 25, 2013 1:18 pm Post subject: |
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NF low made 5822 if this low does not break and crossing 5846 only further upside targets of 5868-5888 is my view |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #798 Posted: Mon Feb 25, 2013 1:19 pm Post subject: |
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Have exited a few longs of stocks whose options are liquid, cos not comfortable holding futures.....I'm not comfortable selling either, especially around these levels...else, the market is pretty looking pretty weak....but decided not to add any future positions from here, unless there is an clear signal... at this point of time, trading options look safe... |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #799 Posted: Mon Feb 25, 2013 1:20 pm Post subject: |
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i feel an intraday short covering is going to come for rollover purpose as nifty spot and bank nifty spot both have reached a support level. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #800 Posted: Mon Feb 25, 2013 1:20 pm Post subject: |
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taxmann50 wrote: | psalm wrote: | taxmann50 wrote: |
Accha Sam tell me one simple fact, what is the proportion of Government Spending to our GDP this year? the borrowing has not gone down but the spending is down as much as I can see apart from doubtful poverty schemes and some fuel subsidy. |
No idea regarding the %, Taxmann...but as per the figure in some sites, spending has come down in the last few months.....by the way, have you booked profit in ICICI SHORT???..or still holding? |
I am still holding on to ICICI |
it went to around 1080 or so...that's why asked.... |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #801 Posted: Mon Feb 25, 2013 1:22 pm Post subject: |
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psalm wrote: | taxmann50 wrote: | psalm wrote: | taxmann50 wrote: |
Accha Sam tell me one simple fact, what is the proportion of Government Spending to our GDP this year? the borrowing has not gone down but the spending is down as much as I can see apart from doubtful poverty schemes and some fuel subsidy. |
No idea regarding the %, Taxmann...but as per the figure in some sites, spending has come down in the last few months.....by the way, have you booked profit in ICICI SHORT???..or still holding? |
I am still holding on to ICICI |
it went to around 1080 or so...that's why asked.... |
Yes, let me see, I will exit if market holds on here. I am utterly negative |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #802 Posted: Mon Feb 25, 2013 1:23 pm Post subject: |
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below 5820 (similar level for sensex is the range 19180-19150), wont be surprised to huge selling....in that case, I'll definitely exit all my LONGs....in that case, I'll definitely be initiating shorts too.... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #803 Posted: Mon Feb 25, 2013 1:33 pm Post subject: |
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Yesterday's Nifty future low was 5825...today's Nifty spot low as of now is 5825.... |
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Vikas91 White Belt
Joined: 28 Nov 2012 Posts: 140
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Post: #804 Posted: Mon Feb 25, 2013 1:34 pm Post subject: |
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Vikas91 wrote: | NF low made 5822 if this low does not break and crossing 5846 only further upside targets of 5868-5888 is my view |
NF 5850 |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #805 Posted: Mon Feb 25, 2013 1:35 pm Post subject: |
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taxmann50 wrote: |
Yes, let me see, I will exit if market holds on here. I am utterly negative |
I'm finding it extremely difficult to see any positives, even when having a lot of long positions......so I can understand how bearish you'll now be.... |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #806 Posted: Mon Feb 25, 2013 1:38 pm Post subject: |
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psalm wrote: | taxmann50 wrote: |
Yes, let me see, I will exit if market holds on here. I am utterly negative |
I'm finding it extremely difficult to see any positives, even when having a lot of long positions......so I can understand how bearish you'll now be.... |
Lets see Sam what happens, it has bounced from the low. Its anyone's guess now but we should not trade like amateurs.
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #807 Posted: Mon Feb 25, 2013 1:39 pm Post subject: |
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sw_das wrote: | Bank NIFTY has come to weekly support range 11900-12000 range. |
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Vikas91 White Belt
Joined: 28 Nov 2012 Posts: 140
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Post: #808 Posted: Mon Feb 25, 2013 1:41 pm Post subject: |
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Vikas91 wrote: | Vikas91 wrote: | NF low made 5822 if this low does not break and crossing 5846 only further upside targets of 5868-5888 is my view |
NF 5850 |
NF 5870 |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #809 Posted: Mon Feb 25, 2013 1:46 pm Post subject: |
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taxmann50 wrote: | psalm wrote: | taxmann50 wrote: |
Yes, let me see, I will exit if market holds on here. I am utterly negative |
I'm finding it extremely difficult to see any positives, even when having a lot of long positions......so I can understand how bearish you'll now be.... |
Lets see Sam what happens, it has bounced from the low. Its anyone's guess now but we should not trade like amateurs.
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Market has recovered almost 40 points from the lows...but still don't feel anything special....mind is full of doubts now, after the break below 5834...hahaha....anyway, the market might still go up trapping a few bulls (i'm trying not to be one of those )...if it does, let's just exploit it....if it doesn't, then let's get out of the longs....and create a few shorts.... |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #810 Posted: Mon Feb 25, 2013 1:47 pm Post subject: |
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vinay28 wrote: | sam, from what I know, market reacted on rumours of payment crisis but now it seems it's only one individual/entity which is in trouble. If true, it will recover equally fast. |
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