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Nifty View - Jan 2013 |
psalm
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Joined: 12 Nov 2011
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Post: #271  Posted: Tue Jan 08, 2013 3:11 pm Post subject: |
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| sw_das wrote: | | psalm, I think it will show 6100 tomorrow...but can not resist myself from taking profit.... |
If we close above 5993, expect another range-bound day, in my opinion....  ....but its still anybody's game.....though my bias is still towards the SELL-side...  |
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vinay28
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| Post: #272 Posted: Tue Jan 08, 2013 3:13 pm Post subject: |
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| what was the highest NF in Jan? 6059? |
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skd2012
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Joined: 03 Oct 2012
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| Post: #273 Posted: Tue Jan 08, 2013 3:15 pm Post subject: |
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| yes, high point is 6059 NF twice I think. |
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skd2012
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| Post: #274 Posted: Tue Jan 08, 2013 3:17 pm Post subject: |
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| I think bulls are taking a chance for gap up tomorrow and break 6060 NF resistance. but it is a high risk to hold long I feel. |
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pkholla
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Joined: 04 Nov 2010
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| Post: #275 Posted: Tue Jan 08, 2013 3:19 pm Post subject: |
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Vinay: Why dont you post a chart linking highest NF in Jan over 10 year period linked with position of Jupiter, Saturn, Rahu and Ketu. You are the resident astrology expert so add your analysis also. My gut says we will learn something very significant
Thanks in advance, Prakash Holla |
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vinay28
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| Post: #276 Posted: Tue Jan 08, 2013 3:27 pm Post subject: |
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".....You are the resident astrology expert......" 
It's impossible for me to get both the sets of data, particularly ephimeris. |
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psalm
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| Post: #277 Posted: Tue Jan 08, 2013 3:29 pm Post subject: |
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So, the market will close above 5993...that means nothing has changed as far as the situation is concerned.....  ....I would have been extremely bearish, if we had closed below 5993...but now, its 50-50 again...though my bias is still on the bearish side.....I have a feeling that tomorrow could be the last day of consolidation before a significant correction, or else, we may see some selling tomorrow itself.....Anyway, let's wait and see how things are gonna be tomorrow....  |
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skd2012
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| Post: #278 Posted: Tue Jan 08, 2013 3:34 pm Post subject: |
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| When is RBI policy? That's a pivotal event for BN. It must be good jerk this time..... |
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skd2012
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| Post: #279 Posted: Tue Jan 08, 2013 3:36 pm Post subject: |
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| sw_das wrote: | | volatility has been very low in index...hope it moves to 6050 or 5950 NF today and shows some activity |
by the way, my hope has come true...it has given 6050 NF |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #280 Posted: Tue Jan 08, 2013 4:12 pm Post subject: |
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| sw_das wrote: | | When is RBI policy? That's a pivotal event for BN. It must be good jerk this time..... |
29-Jan-2013 |
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skd2012
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| Post: #281 Posted: Wed Jan 09, 2013 6:38 am Post subject: |
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| apka wrote: | | sw_das wrote: | | When is RBI policy? That's a pivotal event for BN. It must be good jerk this time..... |
29-Jan-2013 |
Thanks. I have been thinking it is on 18th so far. |
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skd2012
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| Post: #282 Posted: Wed Jan 09, 2013 6:45 am Post subject: |
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I think Govt should reduce or remove STT in index trading minimum. Other wise very less number of traders would participate in index trading. It is not very easy to make over all money in index future with 5-6 taxes/charges.
Volatility is very less for long time. Only we see 1-2 days big moves on monthly basis.
Option trading is a good in terms of saving charges, but I feel it is not a good instrument for day trading.
Probably future+option hedge over night and option adjustment in day trading is a good thing, but it complicates whole thing.
Comments are welcome if you are following something else. |
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apka
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| Post: #283 Posted: Wed Jan 09, 2013 7:22 am Post subject: |
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vinay, if nifty fut opening price counts then 6079 is high.
Sw_das, in last budget they reduced delivery based stt from 0.125% to 0.100%. Its their main income, they wont remove it. If 5 lakh accounts trade everyday and assuming each account generates rs.100 stt avg atleast, it amounts to rs.5 crore. |
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skd2012
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| Post: #284 Posted: Wed Jan 09, 2013 7:40 am Post subject: |
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| apka, it is absurd to tax txns in so many ways and again asking for tax on business income generated through future trading. Some broker analyzed their trading accounts. good 20-30% accounts are in net loss due to STT and other charges. Other wise they would have made profit. |
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apka
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| Post: #285 Posted: Wed Jan 09, 2013 7:48 am Post subject: |
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| sw_das wrote: | | apka, it is absurd to tax txns in so many ways and again asking for tax on business income generated through future trading. Some broker analyzed their trading accounts. good 20-30% accounts are in net loss due to STT and other charges. Other wise they would have made profit. |
stt chg for 10 points for 1 lot is about rs.45, thats 1 nifty point, thats not much. Brokerage and transaction chgs take more. Overtrading kills profit. |
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