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Nifty View - Jan 2013 |
masa White Belt
Joined: 06 Jan 2007 Posts: 162
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Post: #181 Posted: Fri Jan 04, 2013 9:10 am Post subject: |
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good morning all....... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #182 Posted: Fri Jan 04, 2013 9:12 am Post subject: |
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masa wrote: | good morning all....... |
Good Morning....
Dear Masa...there is no need for any formalities here.... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #183 Posted: Fri Jan 04, 2013 9:13 am Post subject: |
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psalm wrote: | Rupee should be pretty vulnerable today, after the surge in the Dollar index yesterday....watch out... |
If rupee is weak, watch out for IT stocks today....if somebody wants to go LONG in some stocks, IT could be a good option.... |
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stevenmat White Belt
Joined: 27 Dec 2011 Posts: 478
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Post: #184 Posted: Fri Jan 04, 2013 9:26 am Post subject: |
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psalm wrote: | psalm wrote: | Rupee should be pretty vulnerable today, after the surge in the Dollar index yesterday....watch out... |
If rupee is weak, watch out for IT stocks today....if somebody wants to go LONG in some stocks, IT could be a good option.... |
Yup...hexaware had a small burst in volume and a price upmove yesterday...momentum is likely to continue right? (very short term) |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #185 Posted: Fri Jan 04, 2013 9:32 am Post subject: |
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stevenmat wrote: | psalm wrote: | psalm wrote: | Rupee should be pretty vulnerable today, after the surge in the Dollar index yesterday....watch out... |
If rupee is weak, watch out for IT stocks today....if somebody wants to go LONG in some stocks, IT could be a good option.... |
Yup...hexaware had a small burst in volume and a price upmove yesterday...momentum is likely to continue right? (very short term) |
Hexaware is looking very very promising, Steven....Once it breaks above 91-91.5 range, there will be momentum on its side...in that case, the target I had mentioned last time, 105 or at least 103 should be achievable in a weak or two....may be within days...at the same time, let's hope that this is not a false breakout..... |
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masa White Belt
Joined: 06 Jan 2007 Posts: 162
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Post: #186 Posted: Fri Jan 04, 2013 9:33 am Post subject: |
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nifty spot might be in a range from 6025 to 5950. ( see yellow circle in chart ). your comments please.
thanks. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #187 Posted: Fri Jan 04, 2013 9:41 am Post subject: |
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masa wrote: | nifty spot might be in a range from 6025 to 5950. ( see yellow circle in chart ). your comments please.
thanks. |
that's correct, Masa....market could be range-bound for another day or two before deciding further action....levels around 5940-42 look crucial to me now, below that we may test 5800 levels again......By the way, Apka also posted something similar to this, yesterday.... |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #188 Posted: Fri Jan 04, 2013 9:55 am Post subject: |
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it can bounce I think. Somehow not convincing for fall. But one fine day it will do keeping all in long side |
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masa White Belt
Joined: 06 Jan 2007 Posts: 162
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Post: #189 Posted: Fri Jan 04, 2013 10:17 am Post subject: |
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tata steel spot now @ resistance zone area. i am thinking to go short once RSI will broke-down ( top second red support line on RSI ).
your opinion all of you ??
thanks.
Last edited by masa on Fri Jan 04, 2013 10:25 am; edited 1 time in total |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #190 Posted: Fri Jan 04, 2013 10:19 am Post subject: |
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pl delete this post masa. this thread is for nifty. post under separate thread for "individual stocks". thanks |
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masa White Belt
Joined: 06 Jan 2007 Posts: 162
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Post: #191 Posted: Fri Jan 04, 2013 10:20 am Post subject: |
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vinay28 wrote: | pl delete this post masa. this thread is for nifty. post under separate thread for "individual stocks". thanks |
ok vinay28, deleting
thanks |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #192 Posted: Fri Jan 04, 2013 10:45 am Post subject: |
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India HSBC December Services PMI At 55.6 Vs 52.1 (MoM)....no more rate cuts in January as well??....good chance for that.... |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #193 Posted: Fri Jan 04, 2013 10:53 am Post subject: |
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psalm wrote: | India HSBC December Services PMI At 55.6 Vs 52.1 (MoM)....no more rate cuts in January as well??....good chance for that.... |
service sector influences more chances or the manufacturing sector ? |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #194 Posted: Fri Jan 04, 2013 10:59 am Post subject: |
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apka wrote: | psalm wrote: | India HSBC December Services PMI At 55.6 Vs 52.1 (MoM)....no more rate cuts in January as well??....good chance for that.... |
service sector influences more chances or the manufacturing sector ? |
In fact both....but these are indications that in the last few months, the growth was not bad....this might reflect in the IIP data as well, I feel....that's why I felt there may not be a cut this time as well....just a guess... but if the global probs get worse, the RBI may cut rates to help the economy, provided the inflation is not that high.... |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #195 Posted: Fri Jan 04, 2013 11:24 am Post subject: |
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premium is down from 50-60 points to 28-30 points. |
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