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Nifty View - Jan 2013 |
vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #106 Posted: Wed Jan 02, 2013 9:49 am Post subject: |
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my SL levels are based on today's OHLC only |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #107 Posted: Wed Jan 02, 2013 9:55 am Post subject: |
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gut feel it may tests long SLs either today or tomorrow max. to be specific it can correct upto 5940 NF. but it is just a probability game |
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rsnerella White Belt
Joined: 30 Jul 2008 Posts: 153
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Post: #108 Posted: Wed Jan 02, 2013 9:56 am Post subject: Nifty view - January |
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Good that market players can test the longs, let's see the probability. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #109 Posted: Wed Jan 02, 2013 10:21 am Post subject: |
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Bought a good quantity of BankNifty PUTs....but will exit them today itself if the closing is above 5966.....but if it closes below 5966, I'll carry them for another day.... |
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jjm White Belt
Joined: 17 Mar 2010 Posts: 411
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Post: #110 Posted: Wed Jan 02, 2013 10:32 am Post subject: Re: Hawala trade |
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Yes JJM, I'm watching those levels....but since we were trading in a narrow range, I didn't trade much in the last 2 days....above all, I found it difficult to judge the direction of the market due to various (technical and fundamental) factors.....but yes, if I had taken position as per the levels we've discussed, it would have been really good....anyway, let's wait for the next opportunity now... [/quote]
Dear Psalm.
Series is over if you have made +100 pts in first 2 days.. per 2 lots...
Have a great day..
SBIN holding for nt tgt +100..or depends on situation will short
Regards |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #111 Posted: Wed Jan 02, 2013 10:42 am Post subject: Re: Hawala trade |
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jjm wrote: | Yes JJM, I'm watching those levels....but since we were trading in a narrow range, I didn't trade much in the last 2 days....above all, I found it difficult to judge the direction of the market due to various (technical and fundamental) factors.....but yes, if I had taken position as per the levels we've discussed, it would have been really good....anyway, let's wait for the next opportunity now... |
Dear Psalm.
Series is over if you have made +100 pts in first 2 days.. per 2 lots...
Have a great day..
SBIN holding for nt tgt +100..or depends on situation will short
Regards[/quote]
Good to hear that you're sitting on a sizable profit now, JJM....by the way, for SBIN, I had SHORT position in that counter earlier...but stopped out a few days back.....and now, waiting for levels around 2490-2515 range to initiate fresh ones if the stock reaches there........I very much feel that the stock could test 2500-2520 area....anyway, let's wait and see... |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #112 Posted: Wed Jan 02, 2013 10:42 am Post subject: |
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food for thought:
[1] Nov-Dec 2011 period bearish. Dec 2011 saw new low on daily and closing basis.
[2] 2nd Jan 2012 breached 4600 and gave closing 4588.... which became the low for the year 2012 and we start a rally upside.
[3] Nov-Dec 2012 period bullish. Dec 2012 saw new high on daily and closing basis.
[4] 2nd Jan 2013 breached 5965 and closing pending....
Can it become high for the year... and start to reverse...considering all tv analysts saying 2013 will see new high. market always does opposite to majority expectation. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #113 Posted: Wed Jan 02, 2013 10:45 am Post subject: |
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apka wrote: | food for thought:
[1] Nov-Dec 2011 period bearish. Dec 2011 saw new low on daily and closing basis.
[2] 2nd Jan 2012 breached 4600 and gave closing 4588.... which became the low for the year 2012 and we start a rally upside.
[3] Nov-Dec 2012 period bullish. Dec 2012 saw new high on daily and closing basis.
[4] 2nd Jan 2013 breached 5965 and closing pending....
Can it become high for the year... and start to reverse...considering all tv analysts saying 2013 will see new high. market always does opposite to majority expectation. |
Very much possible..... |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #114 Posted: Wed Jan 02, 2013 10:46 am Post subject: |
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apka, first you stop posting frequently and when you do, come in as a spoil sport?
You should study a few more years after past leap years. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #115 Posted: Wed Jan 02, 2013 10:49 am Post subject: |
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vinay28 wrote: | apka, first you stop posting frequently and when you do, come in as a spoil sport?
You should study a few more years after past leap years. |
lol... mein hoon apka dream ya nightmare
im just speculating...till steel stocks dont show weakness, i will not be shorting. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #116 Posted: Wed Jan 02, 2013 10:51 am Post subject: |
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Banknifty is close to nov '10 high? |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #117 Posted: Wed Jan 02, 2013 10:54 am Post subject: |
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vinay28 wrote: | Banknifty is close to nov '10 high? |
yes. all time high 13303.
the week we fell from there closed at 12823 and low 12788. We just entered it and trading just below it now. lets see if this zone acts as resistence or gets crossed. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #118 Posted: Wed Jan 02, 2013 10:58 am Post subject: |
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apka wrote: | vinay28 wrote: | Banknifty is close to nov '10 high? |
yes. all time high 13303.
the week we fell from there closed at 12823 and low 12788. We just entered it and trading just below it now. lets see if this zone acts as resistence or gets crossed. |
Metal stocks have a bit more steam left, I feel....For example, Tata Steel could test 460-65 that is another 4 or 5% from current levels...Hindalco could test 146-47 (or even 152).....So, metals could still go up.... |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #119 Posted: Wed Jan 02, 2013 11:10 am Post subject: |
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tata steel 485/90 and then 550 |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #120 Posted: Wed Jan 02, 2013 11:19 am Post subject: |
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vinay28 wrote: | tata steel 485/90 and then 550 |
I don't expect the stock to break above 562-566 range easily in the short-term, Vinay....but in the long term...yes, its possible..... |
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