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Nifty View - Jan 2013
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Author Nifty View - Jan 2013
psalm
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Post: #376   PostPosted: Thu Jan 10, 2013 2:00 pm    Post subject: Reply with quote
psalm wrote:
If this hour's candle (2pm close) doesn't close above 5987, there is chance of some recovery towards the close.....In that case, the market may test 6013-6017 area with 5993-94 offering some minor resistance...I just feel that way...but I'll not suggest buying as it still looks risky to go LONG....at least to me...anyway, let's wait and see how we close today.... Smile


The market wont be closing above 5987....so, are we gonna see some recovery towards the close??..or will it be the same (grinding down)... Rolling Eyes ...let's see at the close... Very Happy
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apka
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Post: #377   PostPosted: Thu Jan 10, 2013 2:04 pm    Post subject: Reply with quote
hari om
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vinay28
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Post: #378   PostPosted: Thu Jan 10, 2013 2:06 pm    Post subject: Reply with quote
close below 5977 can be disastrous. About 5946 is last nearby support
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apka
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Post: #379   PostPosted: Thu Jan 10, 2013 2:11 pm    Post subject: Reply with quote
my earlier post of resistence at 6030-6040 and nifty will come down to 5940 or so completes today... chart is setup for fireworks.

most likely RSI will touch the red line support in my yesterdays chart.
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psalm
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Post: #380   PostPosted: Thu Jan 10, 2013 2:14 pm    Post subject: Reply with quote
vinay28 wrote:
close below 5977 can be disastrous. About 5946 is last nearby support


I'll look at the range 5940-30 as a key support...by the way, recent trend shows that whenever INFY makes a red candle before its result, the result day candle will be red itself....when it is making a green candle before the result, the result day candle will be green (even if the stock goes down)....this has happened majority of times in the last few years....so, if you go by today's red candle, will the result be a disappointing one???..if so, will it be a red candle tomorrow for Infy???....

NOTE: There has been exceptions...such as October 2011 and all....but most of the time, Infy has repeated this.... Laughing ....
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SP50
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Post: #381   PostPosted: Thu Jan 10, 2013 2:18 pm    Post subject: Reply with quote
psalm wrote:
vinay28 wrote:
close below 5977 can be disastrous. About 5946 is last nearby support


I'll look at the range 5940-30 as a key support...by the way, recent trend shows that whenever INFY makes a red candle before its result, the result day candle will be red itself....when it is making a green candle before the result, the result day candle will be green (even if the stock goes down)....this has happened majority of times in the last few years....so, if you go by today's red candle, will the result be a disappointing one???..if so, will it be a red candle tomorrow for Infy???....

NOTE: There has been exceptions...such as October 2011 and all....but most of the time, Infy has repeated this.... Laughing ....


Are you taking positions on Infy for tomorrow?
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vinay28
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Post: #382   PostPosted: Thu Jan 10, 2013 2:22 pm    Post subject: Reply with quote
buy infy sell tcs
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psalm
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Post: #383   PostPosted: Thu Jan 10, 2013 2:23 pm    Post subject: Reply with quote
taxmann50 wrote:


Are you taking positions on Infy for tomorrow?


Bought a couple of 2300 PUTs around 67 earlier...and a 2400 CALL at 56.... Very Happy
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apka
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Post: #384   PostPosted: Thu Jan 10, 2013 2:26 pm    Post subject: Reply with quote
FTSE 6100...

what has been the co-relation of nifty being below FTSE and vice versa over the years?

how are we poised now in direct comparison if anyone has any views on this?
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psalm
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Post: #385   PostPosted: Thu Jan 10, 2013 2:27 pm    Post subject: Reply with quote
vinay28 wrote:
buy infy sell tcs


same here....have done a pair trade...I've bought HCL tech and have short position in Wipro....Wipro will be pretty weak if it starts falling, I feel... Very Happy
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apka
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Post: #386   PostPosted: Thu Jan 10, 2013 2:27 pm    Post subject: Reply with quote
psalm wrote:
taxmann50 wrote:


Are you taking positions on Infy for tomorrow?


Bought a couple of 2300 PUTs around 67 earlier...and a 2400 CALL at 56.... Very Happy


i have noticed most often combination end up losing premium on result and barely give u any profit or none...
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SP50
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Post: #387   PostPosted: Thu Jan 10, 2013 2:27 pm    Post subject: Reply with quote
psalm wrote:
taxmann50 wrote:


Are you taking positions on Infy for tomorrow?


Bought a couple of 2300 PUTs around 67 earlier...and a 2400 CALL at 56.... Very Happy


Nice, chances of Infy going below 2000 this Qtr or next is very high.
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psalm
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Post: #388   PostPosted: Thu Jan 10, 2013 2:27 pm    Post subject: Reply with quote
apka wrote:
FTSE 6100...

what has been the co-relation of nifty being below FTSE and vice versa over the years?

how are we poised now in direct comparison if anyone has any views on this?


FTSE was at 4 year high yesterday... Smile
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psalm
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Post: #389   PostPosted: Thu Jan 10, 2013 2:31 pm    Post subject: Reply with quote
apka wrote:
psalm wrote:
taxmann50 wrote:


Are you taking positions on Infy for tomorrow?


Bought a couple of 2300 PUTs around 67 earlier...and a 2400 CALL at 56.... Very Happy


i have noticed most often combination end up losing premium on result and barely give u any profit or none...


That's why I have added a bit more weight on the PUTs (as I'm bearish)....I have a feeling that Infy may give another 5 to 10 move....so, its fine unless you exit the positions....

NOTE: By buying 2 PUTs and one CALL, my risk is higher....but I'm betting on the bearish side.....Let's see how it goes tomorrow.... Smile
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SP50
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Post: #390   PostPosted: Thu Jan 10, 2013 2:31 pm    Post subject: Reply with quote
apka wrote:
FTSE 6100...

what has been the co-relation of nifty being below FTSE and vice versa over the years?

how are we poised now in direct comparison if anyone has any views on this?


If Nifty is above FTSE we outperform and vice versa
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