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Nifty View - Jan 2013 |
masa
White Belt
Joined: 06 Jan 2007
Posts: 162
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Post: #346  Posted: Thu Jan 10, 2013 9:44 am Post subject: |
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The same hourly chart of Nifty spot now showing in intraday 10 min. Might get chance to go short around 6010 keeping strict 10 points stop-loss @ 6020.
Your opinion pl. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #347 Posted: Thu Jan 10, 2013 9:46 am Post subject: |
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20000 sensex and 6070 NS are possible, but market may not give today 
If we fall today and break yesterday's low then I would think it will go for correction.
1st possibility is high I think.
it may be range bound market today? |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #348 Posted: Thu Jan 10, 2013 9:46 am Post subject: |
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| psalm wrote: | | I wont be surprised if the market tests 6013-6017 area again....either today tomorrow...but will be surprised if it closes above 6010 levels...or even above 5993 levels...anyway, let's wait and see... |
What is your take on the infra sector? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #349 Posted: Thu Jan 10, 2013 9:53 am Post subject: |
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| masa wrote: | The same hourly chart of Nifty spot now showing in intraday 10 min. Might get chance to go short around 6010 keeping strict 10 points stop-loss @ 6020.
Your opinion pl. |
Masa, if you were asking to me...my suggestion is to go selling around 6010...in my opinion it will be an excellent area to sell if you get it....by the way, I'm not sure about the stoploss.....but again, that you can decide as per your risk strategies... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #350 Posted: Thu Jan 10, 2013 9:55 am Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | I wont be surprised if the market tests 6013-6017 area again....either today tomorrow...but will be surprised if it closes above 6010 levels...or even above 5993 levels...anyway, let's wait and see... |
What is your take on the infra sector? |
For the very short to medium term, I'm bearish about Capital goods, Realty, Power and Infra.....but in the long term, I'm positive about them...cos, I believe in the India Growth story....Technically also, those sectors including Infra are at some key resistances.....breaking them will be difficult in my opinion....so, with some good stoplosses, one may look to sell it.... that's what I feel at this point of time... |
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masa
White Belt
Joined: 06 Jan 2007
Posts: 162
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| Post: #351 Posted: Thu Jan 10, 2013 10:00 am Post subject: |
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| psalm wrote: | | masa wrote: | The same hourly chart of Nifty spot now showing in intraday 10 min. Might get chance to go short around 6010 keeping strict 10 points stop-loss @ 6020.
Your opinion pl. |
Masa, if you were asking to me...my suggestion is to go selling around 6010...in my opinion it will be an excellent area to sell if you get it....by the way, I'm not sure about the stoploss.....but again, that you can decide as per your risk strategies... |
Thanks psalm |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #352 Posted: Thu Jan 10, 2013 10:02 am Post subject: |
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| psalm wrote: | | taxmann50 wrote: | | psalm wrote: | | I wont be surprised if the market tests 6013-6017 area again....either today tomorrow...but will be surprised if it closes above 6010 levels...or even above 5993 levels...anyway, let's wait and see... |
What is your take on the infra sector? |
For the very short to medium term, I'm bearish about Capital goods, Realty, Power and Infra.....but in the long term, I'm positive about them...cos, I believe in the India Growth story....Technically also, those sectors including Infra are at some key resistances.....breaking them will be difficult in my opinion....so, with some good stoplosses, one may look to sell it.... that's what I feel at this point of time... |
I also feel positive about the growth story but we need some govt spending for our big infra companies to get some big orders which is somehow not happening, |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #353 Posted: Thu Jan 10, 2013 10:05 am Post subject: |
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| taxmann50 wrote: |
I also feel positive about the growth story but we need some govt spending for our big infra companies to get some big orders which is somehow not happening, |
Let's hope for the best... |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #354 Posted: Thu Jan 10, 2013 10:23 am Post subject: |
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| Taxmann: Havent you read recently that GMR AND GVK have decided not to bid for new highway projects given the lack of cooperation from Central/ State Govts, delay in land acquisition, poor return, violence of users (backed by local MLA/ MP!). Our Government needs to get more proactive in many fields for the India Shining story not to become a fused "tubelight"! Prakash Holla |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #355 Posted: Thu Jan 10, 2013 10:31 am Post subject: |
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| pkholla wrote: | | Taxmann: Havent you read recently that GMR AND GVK have decided not to bid for new highway projects given the lack of cooperation from Central/ State Govts, delay in land acquisition, poor return, violence of users (backed by local MLA/ MP!). Our Government needs to get more proactive in many fields for the India Shining story not to become a fused "tubelight"! Prakash Holla |
Stars ultimately become black-holes.....  |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #356 Posted: Thu Jan 10, 2013 10:32 am Post subject: |
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| pkholla wrote: | | Taxmann: Havent you read recently that GMR AND GVK have decided not to bid for new highway projects given the lack of cooperation from Central/ State Govts, delay in land acquisition, poor return, violence of users (backed by local MLA/ MP!). Our Government needs to get more proactive in many fields for the India Shining story not become a fused "tubelight"! Prakash Holla |
Yes Prakash is very sad and disturbing but I do not give much value to these GMR and GVK like companies to what they say because of many apparent reasons to say the least. Most state govts are bankrupt and central govt is more interested in looting and filling their personal accounts in Swiss so govt spending has not happened at all which is a key component of the GDP.
I am in deep loss on the infra sector but I am sure many are but as retail investors there is nothing much I can do.
Regards, |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #357 Posted: Thu Jan 10, 2013 10:37 am Post subject: |
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| There is some support for Nifty around 5967-68 levels....below that we may test the lows or even 5940-30 range where lies the key support.....current rate is around 5972 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #358 Posted: Thu Jan 10, 2013 10:45 am Post subject: |
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stop yapping about what govt can do and think what you can do for the govt.!  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #359 Posted: Thu Jan 10, 2013 10:50 am Post subject: |
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| vinay28 wrote: | | stop yapping about what govt can do and think what you can do for the govt.! |
You can vote for them....can give taxes for all the reasons (you had mentioned them yesterday)...and if if possible...can give STT as well.... |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #360 Posted: Thu Jan 10, 2013 10:52 am Post subject: |
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| Two pivotal times today 12:45 and 1:20 PM. |
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