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Nifty View - Jan 2013 |
masa
White Belt
Joined: 06 Jan 2007
Posts: 162
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Post: #421  Posted: Fri Jan 11, 2013 10:50 am Post subject: |
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| psalm wrote: | | Exited my Infy call around 230 now...by the way, the market is using this surge in IT stocks to book some profit from other sectors, I feel....especially banks...I still feel that today's closing may not be above 6000 will be pretty difficult....it could be another closing below 5990 similar to the last 2 days...anyway, let's wait and see... |
Congratulation psalm...having good profit.
excellent forum and excellent trader I am watching....thank you all.
psalm, yesterday I was thinking to short nifty around 6010 and sl was 6020. In your reply, u had suggested me that 6010 was very good area to short but IF YOU GET THAT PRICE. Could u pl explain little more how and what your mind was thinking on IF YOU GET IT ?
thanks |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #422 Posted: Fri Jan 11, 2013 11:01 am Post subject: |
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| IIP data is due I guess. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #423 Posted: Fri Jan 11, 2013 11:02 am Post subject: |
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| IIP volatility has strated. IIP slightly better it seems |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #424 Posted: Fri Jan 11, 2013 11:08 am Post subject: |
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| vinay28 wrote: | | IIP volatility has strated. IIP slightly better it seems |
IIP shrinks 0.1 per cent in November 2012 against estimated 0.7% rise....good for a rate cut???...only time will tell...  |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #425 Posted: Fri Jan 11, 2013 11:40 am Post subject: |
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| psalm wrote: | | vinay28 wrote: | | IIP volatility has strated. IIP slightly better it seems |
IIP shrinks 0.1 per cent in November 2012 against estimated 0.7% rise....good for a rate cut???...only time will tell... |
Only Subba will tell !!! |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #426 Posted: Fri Jan 11, 2013 12:25 pm Post subject: |
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| gap filled up |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #427 Posted: Fri Jan 11, 2013 2:14 pm Post subject: |
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Market has tested the lows it made yesterday again.....there is reasonable support in the range 5940-5935....one will have to look if that is held or not...if it holds, its better to book some profit here...at least for the intraday positions....I believe....having said that if it breaks below 5940-35 area, then there could be further selling...let's wait and see how we're gonna close today....  |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #428 Posted: Fri Jan 11, 2013 2:39 pm Post subject: |
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| psalm wrote: | | Market has tested the lows it made yesterday again.....there is reasonable support in the range 5940-5935....one will have to look if that is held or not...if it holds, its better to book some profit here...at least for the intraday positions....I believe....having said that if it breaks below 5940-35 area, then there could be further selling...let's wait and see how we're gonna close today.... |
I think there is some few important data coming out tonite in the US, if these data are bad then we can test or break below those levels, |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #429 Posted: Fri Jan 11, 2013 2:43 pm Post subject: |
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| taxmann50 wrote: |
I think there is some few important data coming out tonite in the US, if these data are bad then we can test or break below those levels, |
Not much sensitive data is out there today from the U.S....only some trade balance and budget balance data..... ... |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #430 Posted: Fri Jan 11, 2013 2:45 pm Post subject: |
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| psalm wrote: | | taxmann50 wrote: |
I think there is some few important data coming out tonite in the US, if these data are bad then we can test or break below those levels, |
Not much sensitive data is out there today from the U.S....only some trade balance and budget balance data..... ... |
Oh good then, I thought the job data is today  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #431 Posted: Fri Jan 11, 2013 2:53 pm Post subject: |
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| Market is testing the support range 5940-35 now....after breaking below yesterday's low.... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #432 Posted: Fri Jan 11, 2013 2:55 pm Post subject: |
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| psalm wrote: | | Market is testing the support range 5940-35 now....after breaking below yesterday's low.... |
If you're a bull this is a good time to buy...with a very tight stop.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #433 Posted: Fri Jan 11, 2013 3:02 pm Post subject: |
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| you mean SL of 5035 on closing basis? |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #434 Posted: Fri Jan 11, 2013 3:03 pm Post subject: |
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| psalm wrote: | | psalm wrote: | | Market is testing the support range 5940-35 now....after breaking below yesterday's low.... |
If you're a bull this is a good time to buy...with a very tight stop.... |
On the index not much of opportunity, I squared my shorts on JP and IDFC and I wont go long just yet. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #435 Posted: Fri Jan 11, 2013 3:06 pm Post subject: |
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| vinay28 wrote: | | you mean SL of 5035 on closing basis? |
intraday vinay.... |
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