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Nifty View - Jan 2013 |
vinay28
Black Belt
Joined: 24 Dec 2010
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Post: #196  Posted: Fri Jan 04, 2013 11:32 am Post subject: |
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| lower premium is good for an upmove. also pcr is at 1.0, which is good and there is a lot of cash buying for last few days |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #197 Posted: Fri Jan 04, 2013 12:25 pm Post subject: |
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true, but why everything is so clear  I guess we will pull back today. Unless some news based sell off to 5940 NF. dar to lagta hai, lekin long karne me hi paisa ban raha hai.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #198 Posted: Fri Jan 04, 2013 1:59 pm Post subject: |
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| I feel this may be the end of the rise for today as it is with increasing premium. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #199 Posted: Fri Jan 04, 2013 2:00 pm Post subject: |
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some resistance around 6038-42NF I think. but it is possible to move to 6060 NF in last hour. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #200 Posted: Fri Jan 04, 2013 2:16 pm Post subject: |
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| Bought BankNifty PUTs again....wont be exiting today.... |
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rakeshliving
White Belt
Joined: 03 Jan 2011
Posts: 88
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| Post: #201 Posted: Fri Jan 04, 2013 2:29 pm Post subject: |
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waiting for breaking 12914 in bnifty and 6061 in nifty for the targer 13026-13328 and 6132-6189 resp.
elwave targets |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #202 Posted: Fri Jan 04, 2013 3:08 pm Post subject: |
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| I'll suggest buying PUTs here....either 6000 or 5900 ones....instead of 5900, I have bought 6000 PUTs around 57.... |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #203 Posted: Fri Jan 04, 2013 3:08 pm Post subject: |
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| sw_das wrote: |
some resistance around 6038-42NF I think. but it is possible to move to 6060 NF in last hour. |
better to get out of long now 6050-60 NF?? |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #204 Posted: Fri Jan 04, 2013 3:30 pm Post subject: |
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| psalm wrote: | | I'll suggest buying PUTs here....either 6000 or 5900 ones....instead of 5900, I have bought 6000 PUTs around 57.... |
are you carrying these PUT? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #205 Posted: Fri Jan 04, 2013 3:35 pm Post subject: |
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| Another good closing for the market and for the Bulls. It has given another higher closing for the market. However, the market has formed 2 Hanging Mans at the top now, one red and one green. That means we'll have to wait for one more candle at the least for some kinda confirmation. There are not much bearishness visible, except that many stocks have completed their targets. But the indicators are showing divergences or weakness which is pointing to a correction. Now, either those stocks will go for the next higher target, or else go down to test the lower supports. I believe in the latter. That's why suggested buying PUTs. I was expecting the market to make a new high, but was expecting it to close lower. The market made a higher closing as well. Anyway, let's wait and see how the trade pans out on monday. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #206 Posted: Fri Jan 04, 2013 3:37 pm Post subject: |
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| sw_das wrote: | | psalm wrote: | | I'll suggest buying PUTs here....either 6000 or 5900 ones....instead of 5900, I have bought 6000 PUTs around 57.... |
are you carrying these PUT? |
Yes, of course...I have both 5900 and 6000 PUTs...BankNifty PUTs as well... |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #207 Posted: Fri Jan 04, 2013 3:42 pm Post subject: |
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| psalm wrote: | | sw_das wrote: | | psalm wrote: | | I'll suggest buying PUTs here....either 6000 or 5900 ones....instead of 5900, I have bought 6000 PUTs around 57.... |
are you carrying these PUT? |
Yes, of course...I have both 5900 and 6000 PUTs...BankNifty PUTs as well... |
Why I asked. If my reading is right, NIFTY can gap down on Monday or go down after lower opening.
I do not hold anything, just saying based today;s action. Let's see. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #208 Posted: Fri Jan 04, 2013 3:45 pm Post subject: |
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| sw_das wrote: | | psalm wrote: | | sw_das wrote: | | psalm wrote: | | I'll suggest buying PUTs here....either 6000 or 5900 ones....instead of 5900, I have bought 6000 PUTs around 57.... |
are you carrying these PUT? |
Yes, of course...I have both 5900 and 6000 PUTs...BankNifty PUTs as well... |
Why I asked. If my reading is right, NIFTY can gap down on Monday or go down after lower opening.
I do not hold anything, just saying based today;s action. Let's see. |
Me too expect some downward move either on Monday or Tuesday....Most probably on Tuesday, after looking the higher closing today.... |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #209 Posted: Fri Jan 04, 2013 3:47 pm Post subject: |
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| psalm wrote: |
Me too expect some downward move either on Monday or Tuesday....Most probably on Tuesday, after looking the higher closing today.... |
Just gut feel it can open at 6000-5990 NF range |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #210 Posted: Mon Jan 07, 2013 8:09 am Post subject: |
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| sw_das wrote: | | psalm wrote: |
Me too expect some downward move either on Monday or Tuesday....Most probably on Tuesday, after looking the higher closing today.... |
Just gut feel it can open at 6000-5990 NF range |
My reading/understanding seems to be wrong |
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