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Nifty View - Jan 2013 |
vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #1021 Posted: Tue Jan 29, 2013 2:47 pm Post subject: |
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sam, today's opening was crucial in view of yesterday's candle. In any case, I won't be worried unless levels posted by me earlier are violated. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #1022 Posted: Tue Jan 29, 2013 2:51 pm Post subject: |
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vinay28 wrote: | sold my longs just before announcement (loss in profit as it went up further), bought again at lower level and sold again now |
I didn't say that you should be worried, Vinay....nothing much has changed from yesterday as far as a bull is concerned....its the same with bears as well....what I'm saying is that the signs are good for a bear and that if this situation continues there could be real opportunities to SELL....at the same time, I'm worried that if this could be ANOTHER trap...cos, we have seen many in the last few months... |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #1023 Posted: Tue Jan 29, 2013 2:51 pm Post subject: |
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I guess we added 5L OI around rate cut...now over all 50000 cut...will it still fall? It may not further. |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #1024 Posted: Tue Jan 29, 2013 2:57 pm Post subject: |
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However wish to see a quick correction what we have seen in midacaps a few days back....other wise traders are not willing to long or short |
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Vikas91 White Belt
Joined: 28 Nov 2012 Posts: 140
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Post: #1025 Posted: Tue Jan 29, 2013 2:58 pm Post subject: |
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sw_das wrote: | I guess we added 5L OI around rate cut...now over all 50000 cut...will it still fall? It may not further. |
Everything will be clear by tomorrow |
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Vikas91 White Belt
Joined: 28 Nov 2012 Posts: 140
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Post: #1026 Posted: Tue Jan 29, 2013 3:13 pm Post subject: |
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psalm wrote: | Bought a few 12900 BankNifty PUTs around 55 with a stoploss below 35.....didn't want to take too much risk by selling futures...that's why buying PUTs.... |
wah wah BNF from 12974 to 12730 |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #1027 Posted: Tue Jan 29, 2013 3:14 pm Post subject: |
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It seems to be next two days will be between 6000-6100 posts? |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #1028 Posted: Tue Jan 29, 2013 3:14 pm Post subject: |
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Tomorrow morning U turn ? |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #1029 Posted: Tue Jan 29, 2013 3:15 pm Post subject: |
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vikas, don't post in riddles. Whatever you want to post, be specific. |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #1030 Posted: Tue Jan 29, 2013 3:20 pm Post subject: |
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taxmann50 wrote: | Tomorrow morning U turn ? |
possible again upto 6100. but if we have to take balance view, below today's low 6010 is possible and bleow 6010 NF 5940 NF is possible, these are intraday I mean for next two days.. |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #1031 Posted: Tue Jan 29, 2013 3:22 pm Post subject: |
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taxmann50 wrote: | apka wrote: | reliance should bounce from 876-880 region, being its earlier resistence turned into support. |
Then my trade is total loss !!! |
Squared my Rel 880 PE @6.60, does not look like Rel going below 880, 3Rs profit per lot for 4lots,profit taken home 3000. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #1032 Posted: Tue Jan 29, 2013 3:26 pm Post subject: |
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spot has taken support near continuing trendline from dec 2012. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #1033 Posted: Tue Jan 29, 2013 3:27 pm Post subject: |
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taxmann50 wrote: | taxmann50 wrote: | apka wrote: | reliance should bounce from 876-880 region, being its earlier resistence turned into support. |
Then my trade is total loss !!! |
Squared my Rel 880 PE @6.60, does not look like Rel going below 880, 3Rs profit per lot for 4lots,profit taken home 3000. |
yea...it doesn't look like breaking below 880....at least today....will have to see if there is any recovery tomorrow...by the way, INFY is also not looking good....next few days wont disappoint with range-bound moves, I feel..... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #1034 Posted: Tue Jan 29, 2013 3:31 pm Post subject: |
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It will be pretty difficult to break above 6070-6080 range from here onwards, I feel....to sustain above 6080 will be difficult....anyway, let's wait and see how things are tomorrow....a new day with new dimensions.... |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #1035 Posted: Tue Jan 29, 2013 4:05 pm Post subject: |
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apka wrote: | spot has taken support near continuing trendline from dec 2012. |
20 sma/ema are at 6019/11. Also, the daily candle is probably an inverted hammer. |
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