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Nifty View - Jan 2013
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Author Nifty View - Jan 2013
SP50
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Post: #1006   PostPosted: Tue Jan 29, 2013 1:16 pm    Post subject: Reply with quote
apka wrote:
reliance should bounce from 876-880 region, being its earlier resistence turned into support.


Then my trade is total loss !!!
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apka
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Post: #1007   PostPosted: Tue Jan 29, 2013 1:20 pm    Post subject: Reply with quote
SBIN is being dumped
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SP50
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Post: #1008   PostPosted: Tue Jan 29, 2013 1:29 pm    Post subject: Reply with quote
Samji can you please give ur opinion on LT please?
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apka
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Post: #1009   PostPosted: Tue Jan 29, 2013 1:41 pm    Post subject: Reply with quote
rocking nifty !! finlly some sense by showing correction. shorting has paid off now Razz
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psalm
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Post: #1010   PostPosted: Tue Jan 29, 2013 1:41 pm    Post subject: Reply with quote
taxmann50 wrote:
Samji can you please give ur opinion on LT please?


Taxmann, posted my view in my other thread.... Very Happy
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psalm
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Post: #1011   PostPosted: Tue Jan 29, 2013 1:42 pm    Post subject: Reply with quote
apka wrote:
rocking nifty !! finlly some sense by showing correction. shorting has paid off now Razz


Let's hope that we're not getting trapped, Apka.... Laughing ...never ever believe these FII guys.....Cheats...Rascals.... 24
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Post: #1012   PostPosted: Tue Jan 29, 2013 1:47 pm    Post subject: Reply with quote
psalm wrote:
apka wrote:
rocking nifty !! finlly some sense by showing correction. shorting has paid off now Razz


Let's hope that we're not getting trapped, Apka.... Laughing ...never ever believe these FII guys.....Cheats...Rascals.... 24


hope not, but im confident Smile
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SP50
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Post: #1013   PostPosted: Tue Jan 29, 2013 1:49 pm    Post subject: Reply with quote
taxmann50 wrote:
It looks like a 50 points move coming up after EUROPE opens, FII may book profit. Laughing


I think the above just happened... Laughing Laughing Laughing bang bang
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psalm
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Post: #1014   PostPosted: Tue Jan 29, 2013 1:51 pm    Post subject: Reply with quote
taxmann50 wrote:
taxmann50 wrote:
It looks like a 50 points move coming up after EUROPE opens, FII may book profit. Laughing


I think the above just happened... Laughing Laughing Laughing bang bang


A close below 6074 is what I'm looking at now...that will be first indication of weakness....but a sell signal could come once we break below the 20 EMA, I feel.....let's wait and see if we'll be able to close below 6074 or so.... Smile
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psalm
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Post: #1015   PostPosted: Tue Jan 29, 2013 1:54 pm    Post subject: Reply with quote
taxmann50 wrote:
taxmann50 wrote:
It looks like a 50 points move coming up after EUROPE opens, FII may book profit. Laughing


I think the above just happened... Laughing Laughing Laughing bang bang


Laughing ....but the problem for a bear is that it hasn't changed anything yet... Laughing ....let's wait and see if this selling sustains for at least another day...only then we can talk about a sustained move towards 5700-5650 or so...till that time, its just trapping.... Laughing
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psalm
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Post: #1016   PostPosted: Tue Jan 29, 2013 2:07 pm    Post subject: Reply with quote
IT stocks (especially INFY) are trading justing above their supports. Further selling could make them very vulnerable....and in turn could weaken the index further...watch out...
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rk_a2003
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Post: #1017   PostPosted: Tue Jan 29, 2013 2:07 pm    Post subject: Reply with quote
The money is still flowing in,,,,, the institutes appeared to be not yet decided in favor of a correction.One thing is sure he who wanted to catch correction should be desciplined enough to swallow multiple stop losses.The moment we fed up with thatTthat could bevery well be the point for a correction.

Thats why I am opting for the shorts with hedging.Just to counter this scenario.Fixed loss versus huge gains.
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psalm
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Post: #1018   PostPosted: Tue Jan 29, 2013 2:12 pm    Post subject: Reply with quote
rk_a2003 wrote:
The money is still flowing in,,,,, the institutes appeared to be not yet decided in favor of a correction.One thing is sure he who wanted to catch correction should be desciplined enough to swallow multiple stop losses.The moment we fed up with thatTthat could bevery well be the point for a correction.

Thats why I am opting for the shorts with hedging.Just to counter this scenario.Fixed loss versus huge gains.


Absolutely right, RK.....its because of the very same reasons that I have opted for trading index with PUTs....by the way, it has been the same for the last few weeks.....my losses will be limited to some 20 or 30 points to the max....that means even if I take hits for 4 or 5 times, it wont go beyond control....and if there is a favourable move, I'll be in a position to exploit much much more than these losses....this has been the strategy for the last few weeks for me....after burning my fingers in selling index futures.... Laughing
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vinay28
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Post: #1019   PostPosted: Tue Jan 29, 2013 2:19 pm    Post subject: Reply with quote
sam, nifty anyway opened below 6074. If it now closes -ve, that would be a setback, however temporary. Action has already shifted to feb I feel. Now they are busy eating premium of 6100ce and 6000pe
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psalm
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Post: #1020   PostPosted: Tue Jan 29, 2013 2:33 pm    Post subject: Reply with quote
vinay28 wrote:
sam, nifty anyway opened below 6074. If it now closes -ve, that would be a setback, however temporary. Action has already shifted to feb I feel. Now they are busy eating premium of 6100ce and 6000pe


Vinay, I want a WEEKLY close below last week's close (around 6074.5). A daily close below that level is an indication to me that bulls are not completely in control...if that happens then I expect some selling tomorrow as well for a few reasons.....U.S and Europe will have lot of data coming on wednesday and thursday.....very sensitive ones...then there is our expiry....so, I'm expecting the weakness to sustain tomorrow as well if we close below 6074...by the way, where it has opened today doesn't make much difference to my approach.... Smile
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