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Nifty View February |
masa
White Belt
Joined: 06 Jan 2007
Posts: 162
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Post: #991  Posted: Thu Feb 28, 2013 9:48 am Post subject: |
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| psalm wrote: | Market is trading around the lows of the day at 5834 (low is around 5833) after making a high around 5850. In my opinion, the first key resistance area for the day is 5857-5861 range, above that 5908-5918 could be tested while the major resistance for the day will be in teh range 5935-5947. I expect the market to find its key support around 5736-5716, below that selling pressure could increase. For me, the major support is still around 5593, as mentioned a few days back. That means I'll be comfortable selling as long as 5860 or so holds....beyond that level, I'll be a bit cautious.....anyway, let's wait and see what the budget brings to the market...  |
yes I agree sam.........Nifty might test 5920. Very difficult above this level. Just watch the chart and shown by yellow arrow. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #992 Posted: Thu Feb 28, 2013 9:51 am Post subject: |
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| masa... for me nifty has completed HnS pattern and is going back to retest its breakout points 5630-5650. i expect it to come in march. Same for bank nifty, test of 11500-600. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #993 Posted: Thu Feb 28, 2013 9:55 am Post subject: |
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| vinay28 wrote: |
The way FIIs have played the game. I understand that their total short position does not match the total OI. I don't understand what they are upto. But one thing is sure and that is, today is a day of "Mahakashta" for all. |
Vinay, why you say so. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #994 Posted: Thu Feb 28, 2013 9:58 am Post subject: |
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| 5800-5900 CE spread is giving 15 points profit today. panic free way of making small money. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #995 Posted: Thu Feb 28, 2013 10:00 am Post subject: |
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please add the key points you think will affect nifty so as to keep track of it easily when announced:
STT
Fiscal Deficit Figure
GDP Figure
Excise + Vat + Service + Corporate Tax changes
Individual Income Tax changes
80cc exemption limit
Rajiv Gandhi Scheme |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #996 Posted: Thu Feb 28, 2013 10:49 am Post subject: |
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| Was just wondering how the FII will take the impact of the % hike in indirect taxes by C'bam? |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #997 Posted: Thu Feb 28, 2013 10:54 am Post subject: |
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| Support is around 5808-15 around resistance in the band of 5855-60 band. Valid for next two hours. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #998 Posted: Thu Feb 28, 2013 11:01 am Post subject: |
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sharing one more strategy...its not mine...but i like it.
Feb 5800 call PUT sell now at 89
5800 March call put buy at 200 now.
It can give 20-30 points minimmum.
But one should be careful about margin requirement. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #999 Posted: Thu Feb 28, 2013 11:08 am Post subject: |
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| saumya12 wrote: | | vinay28 wrote: |
The way FIIs have played the game. I understand that their total short position does not match the total OI. I don't understand what they are upto. But one thing is sure and that is, today is a day of "Mahakashta" for all. |
Vinay, why you say so. |
if you are asking about mahakashta, it's volatility due to budget AND expiry. |
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Vikas91
White Belt
Joined: 28 Nov 2012
Posts: 140
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| Post: #1000 Posted: Thu Feb 28, 2013 11:13 am Post subject: |
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| 5800 pe and 5900 ce looks good combination to me |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #1001 Posted: Thu Feb 28, 2013 11:27 am Post subject: |
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| vinay28 wrote: | | saumya12 wrote: | | vinay28 wrote: |
The way FIIs have played the game. I understand that their total short position does not match the total OI. I don't understand what they are upto. But one thing is sure and that is, today is a day of "Mahakashta" for all. |
Vinay, why you say so. |
if you are asking about mahakashta, it's volatility due to budget AND expiry. |
Ha ha |
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sonshu101
White Belt
Joined: 24 Nov 2011
Posts: 79
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| Post: #1002 Posted: Thu Feb 28, 2013 11:40 am Post subject: |
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| sw_das wrote: | sharing one more strategy...its not mine...but i like it.
Feb 5800 call PUT sell now at 89
5800 March call put buy at 200 now.
It can give 20-30 points minimmum.
But one should be careful about margin requirement. |
Even m riding on this. still around 40 point premium |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #1003 Posted: Thu Feb 28, 2013 11:51 am Post subject: |
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| Bought a few 5900 FEB CALLs around 9 now...as some kinda hedge to my shorts.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #1004 Posted: Thu Feb 28, 2013 12:06 pm Post subject: |
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| buying 5800ce and selling 5900ce is a good idea |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #1005 Posted: Thu Feb 28, 2013 12:10 pm Post subject: |
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| vinay28 wrote: | | buying 5800ce and selling 5900ce is a good idea |
That's a bullish strategy...but I'm not bullish....my intention is not to make any profit out of my calls....the calls are there just cover some losses if there is huge buying in the market after the budget...cos, the stop of many of my short positions are on a closing basis and that I don't have any hedges as of now....... |
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