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Nifty View - Jan 2013 |
vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #1156 Posted: Thu Jan 31, 2013 3:23 pm Post subject: |
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as I had posted in morning, big players were buying with 6025NF as equivalent SL but on feb series.
close below 6030NS is alarming but below 6000 is bearish
Last edited by vinay28 on Thu Jan 31, 2013 3:23 pm; edited 1 time in total |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #1157 Posted: Thu Jan 31, 2013 3:23 pm Post subject: |
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Tonite a good US job data will start a new upmove tomorrow, |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #1158 Posted: Thu Jan 31, 2013 3:24 pm Post subject: |
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In my opinion, this is going to be a weak close.....we have recovered from these kinda weak situations many times in the recent past...so, let's wait and see how the markets are gonna perform here.....global cues could dictate in the next few days, I feel.... |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #1159 Posted: Thu Jan 31, 2013 3:50 pm Post subject: |
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today's candle is a trend line break I think.
at the same time we are still above 20 EMA.
not sure which one will have more weight. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #1160 Posted: Thu Jan 31, 2013 4:02 pm Post subject: |
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vinay tomm which level u had said to be watched for weekly closing?
Close above 6022 would mean continued close above 5ema. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #1161 Posted: Thu Jan 31, 2013 4:20 pm Post subject: |
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apka, I had posted intraday below 6021, daily close below 6035 and weekly close below 6093. These levels for tmrw (last day of week) have now become 6039/6053/6055, give or take a couple of points. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #1162 Posted: Fri Feb 01, 2013 8:46 am Post subject: |
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PCR at 0.9. Short sellers be aware! |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #1163 Posted: Fri Feb 01, 2013 9:00 am Post subject: |
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Apparently, Jan was sixth consecutive month when nifty closed +ve. If so, it may be for NF as NS closed -ve in Oct. The last time it happened was 7 times in 2006. Does this mean Feb is last month to close +ve? |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #1164 Posted: Fri Feb 01, 2013 9:15 am Post subject: |
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I still look at levels around 6075-6080 as reasonable resistance, Vinay. At the same time, if it goes below yesterday's low (especially below 6019), then there could be further weakness. In that case, I wont rule out further selling. But yes, we have recovered from these kinda situations many times in the recent past. Will it be different this time? Only time will tell.... |
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pkholla Black Belt
Joined: 04 Nov 2010 Posts: 2890
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Post: #1165 Posted: Fri Feb 01, 2013 9:32 am Post subject: |
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S T O P !
Proceed to new thread of Psalm : February
Regards! |
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