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Nifty View - Jan 2013 |
apka
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Joined: 13 Dec 2011
Posts: 6137
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Post: #1096  Posted: Thu Jan 31, 2013 10:15 am Post subject: |
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| 1.06 cr OI in 6100ce and 1.07 cr OI in 6000pe .. so far so good for range bound |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #1097 Posted: Thu Jan 31, 2013 10:19 am Post subject: |
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| taxmann50 wrote: | | Apka saab $ printing ka maya hai. |
Taking it one step further, Bharat me rehene wale garib logon ko, is printing ka 0.01- 0.05% inward ho jaye to kafi hai for bullishness! It is very important to monitor $-Re because these FII funds could vanish equally rapidly once they decide to go home for Easter holidays in the beginning of April
Prakash Holla |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #1098 Posted: Thu Jan 31, 2013 10:22 am Post subject: |
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| apka wrote: | | 1.06 cr OI in 6100ce and 1.07 cr OI in 6000pe .. so far so good for range bound |
I had mentioned earlier about 6075 (last weekly candle close). I'm still looking at 6075 as a key level on a daily closing basis. As long as we close below 6075, one can definitely hold onto the shorts. Will have to re-assess the situation or exit the shorts only if there is a close above 6075, I feel.... |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #1099 Posted: Thu Jan 31, 2013 10:27 am Post subject: |
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| pkholla wrote: | | taxmann50 wrote: | | Apka saab $ printing ka maya hai. |
Taking it one step further, Bharat me rehene wale garib logon ko, is printing ka 0.01- 0.05% inward ho jaye to kafi hai for bullishness! It is very important to monitor $-Re because these FII funds could vanish equally rapidly once they decide to go home for Easter holidays in the beginning of April
Prakash Holla |
Prakashbhai I m expecting March as it coincides with the German election, everything will start with Europe.  |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #1100 Posted: Thu Jan 31, 2013 10:31 am Post subject: |
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| NF made a low of 6031.45 while 6000ce made a low of 43. Lot of buying at lower levels. I think their SL is 6025NF |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #1101 Posted: Thu Jan 31, 2013 10:31 am Post subject: |
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| pkholla wrote: | | taxmann50 wrote: | | Apka saab $ printing ka maya hai. |
Taking it one step further, Bharat me rehene wale garib logon ko, is printing ka 0.01- 0.05% inward ho jaye to kafi hai for bullishness! It is very important to monitor $-Re because these FII funds could vanish equally rapidly once they decide to go home for Easter holidays in the beginning of April
Prakash Holla |
Even the investing community is FED up with the money printing, I feel. For the last 2 occasions (including yesterday), the market has closed in the RED on a FOMC policy day (I still have not forgotten that the market started going up again from the next day onwards). But these are early indications that the market is not giving thumbs up to Uncle Ben's policies as earlier. Yesterday, read an article regarding after the GDP data...the article says that FED has injected almost 165 Billion to the economy only to see it shrank by almost 5 Billion. There are lot of economists arguing that the impacts could be visible only after a few quarters. But the fact is that people are getting more and more worried about their printing and the state of economy. But we have always seen that the U.S economy always recovers from disasters, somehow.....so, let's wait and see how it will be in the years to come....  |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #1102 Posted: Thu Jan 31, 2013 10:35 am Post subject: |
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| sw_das wrote: | | It might get support between 6030-40 NF i feel. but it has done fake trade there as of now. |
NF low of 6031 so far and looks good the support.  |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #1103 Posted: Thu Jan 31, 2013 10:40 am Post subject: |
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| psalm wrote: | | pkholla wrote: | | taxmann50 wrote: | | Apka saab $ printing ka maya hai. |
Taking it one step further, Bharat me rehene wale garib logon ko, is printing ka 0.01- 0.05% inward ho jaye to kafi hai for bullishness! It is very important to monitor $-Re because these FII funds could vanish equally rapidly once they decide to go home for Easter holidays in the beginning of April
Prakash Holla |
Even the investing community is FED up with the money printing, I feel. For the last 2 occasions (including yesterday), the market has closed in the RED on a FOMC policy day (I still have not forgotten that the market started going up again from the next day onwards). But these are early indications that the market is not giving thumbs up to Uncle Ben's policies as earlier. Yesterday, read an article regarding after the GDP data...the article says that FED has injected almost 165 Billion to the economy only to see it shrank by almost 5 Billion. There are lot of economists arguing that the impacts could be visible only after a few quarters. But the fact is that people are getting more and more worried about their printing and the state of economy. But we have always seen that the U.S economy always recovers from disasters, somehow.....so, let's wait and see how it will be in the years to come.... |
Only after a big WW III USA can recover and boom. Unfortunately this war is fought not the conventional way. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #1104 Posted: Thu Jan 31, 2013 11:00 am Post subject: |
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| I want to see three daily candles like those in end nov. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #1105 Posted: Thu Jan 31, 2013 11:05 am Post subject: |
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| One of the indices I follow for some clues regarding the global situation is S&P ASX-200 (Australian Index). The reason is that, the Australian economy is very much dependent on the global growth. If there isn't much demand for its ores and minerals Australian economy cannot grow beyond a limit. While writing this post, ASX 200 is trading around 4880 after hitting a high around 4906. The index has completed a market cycle in the weekly charts already. And will complete a monthly cycle by today. Immediate resistance for the index is around 4960 on a weekly closing basis. If the index sustains above 4960 on a weekly closing basis, then the next major target is around 5750 which is almost 16-17% higher from the 4950 levels. However, if that market finds resistance around 4960 on a weekly closing basis, there is chance of correcting to the immediate medium term support of 4400-4350 area which is around 10% lower from current levels. While 4660 and 4560 will offer minor supports. I don't know what is gonna happen in the next few weeks or months. The market could go either UP or DOWN, I'm not sure about that. IMO, the chances are pretty high for a 10% correction than a 16 or 17% upmove from current levels. I have posted this as I feel that ASX 200 could be a good indicator of the global sentiments or the prospects. Please check it yourself before coming to any conclusion even though I have indicated about a bearish bias. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #1106 Posted: Thu Jan 31, 2013 11:07 am Post subject: |
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| vinay28 wrote: | | I want to see three daily candles like those in end nov. |
looks difficult at this point of time....but not impossible though...especially thinking about the bear slaughtering that has been happening over the last few months....  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #1107 Posted: Thu Jan 31, 2013 11:08 am Post subject: |
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| sam, better still, study aussie dollar as it resembles nifty |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #1108 Posted: Thu Jan 31, 2013 11:13 am Post subject: |
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| psalm wrote: | | One of the indices I follow for some clues regarding the global situation is S&P ASX-200 (Australian Index). The reason is that, the Australian economy is very much dependent on the global growth. If there isn't much demand for its ores and minerals Australian economy cannot grow beyond a limit. While writing this post, ASX 200 is trading around 4880 after hitting a high around 4906. The index has completed a market cycle in the weekly charts already. And will complete a monthly cycle by today. Immediate resistance for the index is around 4960 on a weekly closing basis. If the index sustains above 4960 on a weekly closing basis, then the next major target is around 5750 which is almost 16-17% higher from the 4950 levels. However, if that market finds resistance around 4960 on a weekly closing basis, there is chance of correcting to the immediate medium term support of 4400-4350 area which is around 10% lower from current levels. While 4660 and 4560 will offer minor supports. I don't know what is gonna happen in the next few weeks or months. The market could go either UP or DOWN, I'm not sure about that. IMO, the chances are pretty high for a 10% correction than a 16 or 17% upmove from current levels. I have posted this as I feel that ASX 200 could be a good indicator of the global sentiments or the prospects. Please check it yourself before coming to any conclusion even though I have indicated about a bearish bias. |
Has the Aussie been printing too or any stimulus ? |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #1109 Posted: Thu Jan 31, 2013 11:19 am Post subject: |
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| taxmann50 wrote: | | Has the Aussie been printing too or any stimulus ? |
Dont think so, they export iron ore, uranium etc and stock up the bills printed by others. That's why their currency is considered strong! Their problem I think, is to buy suitable land, factories etc in US, Europe before the bills lose all value!!!!! Prakash Holla |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #1110 Posted: Thu Jan 31, 2013 11:22 am Post subject: |
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| taxmann50 wrote: |
Has the Aussie been printing too or any stimulus ? |
I'm not aware of any stimulus by them....in fact, they were one of the few economies who has increased the rates (like our country) when the global economy struggling a few months ago. So, as of now they're not in bad shape...but the coming years could be a test... |
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