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Nifty View - Jan 2013 |
SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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Post: #1141  Posted: Thu Jan 31, 2013 1:44 pm Post subject: |
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| vinay28 wrote: | taxmann, let's think of 6090 first. But today?  |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #1142 Posted: Thu Jan 31, 2013 1:45 pm Post subject: |
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Vinay: Superman must be facing super problem because there are no telephone booths left in US for him to change clothes OR ... !!! Is this the end?
Prakash Holla |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #1143 Posted: Thu Jan 31, 2013 1:48 pm Post subject: |
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Well expiry game over, now flat as it can get, 6045-55 is where it will be,
Vinay u may get 6090 and more tomorrow and a new high for nifty in Feb. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #1144 Posted: Thu Jan 31, 2013 1:50 pm Post subject: |
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| taxmann, the fun has just started. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #1145 Posted: Thu Jan 31, 2013 1:50 pm Post subject: |
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| pkholla wrote: | Vinay: Superman must be facing super problem because there are no telephone booths left in US for him to change clothes OR ... !!! Is this the end?
Prakash Holla |
End of the superman !!!! |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #1146 Posted: Thu Jan 31, 2013 1:57 pm Post subject: |
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just FYI
NIFTY has bounced off its 15/20 ema five times in the past two months... never has it closed below the 20 EMA in the past two months..
14th dec, 18th dec, 21st dec, 11th Jan, 24th jan |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #1147 Posted: Thu Jan 31, 2013 2:06 pm Post subject: |
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| stevenmat wrote: | just FYI
NIFTY has bounced off its 15/20 ema five times in the past two months... never has it closed below the 20 EMA in the past two months..
14th dec, 18th dec, 21st dec, 11th Jan, 24th jan |
Yes, Steven.....for the last few weeks Markte has been taking support at 21 EMA(CLOSE) or 13EMA (LOW)... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #1148 Posted: Thu Jan 31, 2013 2:07 pm Post subject: |
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| stevenmat wrote: | just FYI
NIFTY has bounced off its 15/20 ema five times in the past two months... never has it closed below the 20 EMA in the past two months..
14th dec, 18th dec, 21st dec, 11th Jan, 24th jan |
yes 20ema, 5ema, 50ema i what i watch.
now check weekly 5ema, seldom nifty has closed below it since 4800.
and i had mentioned few months back 20ema has crossed over 50ema on weekly charts for nifty and sbin, it means long term trend has started. it had happened in 2009 then we touched 6300 again. and here we are. |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #1149 Posted: Thu Jan 31, 2013 2:10 pm Post subject: |
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| pkholla wrote: | Vinay: Superman must be facing super problem because there are no telephone booths left in US for him to change clothes OR ... !!! Is this the end?
Prakash Holla |
criminals entered politics, got rid of old booths, thus came a subtle end to superman's legend.  |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #1150 Posted: Thu Jan 31, 2013 2:15 pm Post subject: |
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| it kept 6030-40 NF range so far....but it is severe range bound. stocks are better at this point.... |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #1151 Posted: Thu Jan 31, 2013 2:24 pm Post subject: |
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| sw_das wrote: | | it kept 6030-40 NF range so far....but it is severe range bound. stocks are better at this point.... |
Apart from news driven counters 75% of nifty stocks struck in doldrums. Brokers are making money from brokerages only, |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #1152 Posted: Thu Jan 31, 2013 2:34 pm Post subject: |
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| taxmann50 wrote: | | sw_das wrote: | | it kept 6030-40 NF range so far....but it is severe range bound. stocks are better at this point.... |
Apart from news driven counters 75% of nifty stocks struck in doldrums. Brokers are making money from brokerages only, |
Average 2% move is there even in NIFTY stocks. Also they are moving at different time in the day....NIFTY takes high STT and brokerage..it just spoils account I think. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #1153 Posted: Thu Jan 31, 2013 3:05 pm Post subject: |
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| Frustrating expiry, how is the monthly chart of Nifty? |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #1154 Posted: Thu Jan 31, 2013 3:06 pm Post subject: |
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| Again it has taken turn a few points above 20 EMA as of now. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #1155 Posted: Thu Jan 31, 2013 3:21 pm Post subject: |
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| taxmann50 wrote: | | Frustrating expiry, how is the monthly chart of Nifty? |
As per my analysis, a big market cycle which has started from the highs of November 2010 has completed by the month of October 2012. Now another small one which started from August last year is running. It will take take another 3 or 4 months for this small cycle to complete, provided we continue to go up from here. If it doesn't go up continuously and that we fall hugely without completing it, then the market cycle will start again. But as I said earlir, if the trend continues this cycle can go on for another 3-4 months and as of now there is no signals from the monthly charts to indicate bearishness, especially for our markets. I had mentioned about the weakness in monthly charts of the U.S. some days back. But that kinda weakness is now visible in our charts. But in the weekly and Daily, there is weakness. I consider it as an impending weakness in the Monthly chart as well. Anyway, let's wait and see.... |
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