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Nifty View - Jan 2013 |
vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #436 Posted: Fri Jan 11, 2013 3:18 pm Post subject: |
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I covered at about 5945 and went long at 5941 and 5952 |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #437 Posted: Fri Jan 11, 2013 3:18 pm Post subject: |
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taxmann50 wrote: |
On the index not much of opportunity, I squared my shorts on JP and IDFC and I wont go long just yet. |
That challenge was for the BULLs....Taxmann... ...anyway, looks like Market will respect that range....at least for today....So, let's wait and see how it happens next week.... |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #438 Posted: Fri Jan 11, 2013 3:19 pm Post subject: |
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psalm wrote: | taxmann50 wrote: |
On the index not much of opportunity, I squared my shorts on JP and IDFC and I wont go long just yet. |
That challenge was for the BULLs....Taxmann... ...anyway, looks like Market will respect that range....at least for today....So, let's wait and see how it happens next week.... |
OH I am a bear, sorry |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #439 Posted: Fri Jan 11, 2013 3:21 pm Post subject: |
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Good thing is premium seems to be closing below 30. Hopefully pcr will go below 1.0 eod. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #440 Posted: Fri Jan 11, 2013 3:29 pm Post subject: |
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Market is back to square 1..... |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #441 Posted: Fri Jan 11, 2013 3:30 pm Post subject: |
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5920 spot around it can go and give a bounce. 5970 NS around we have to see next week....I feel..S&P is facing resistance at around 1670...probably it will cross today.... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #442 Posted: Fri Jan 11, 2013 3:33 pm Post subject: |
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sw_das wrote: | 5920 spot around it can go and give a bounce. 5970 NS around we have to see next week....I feel..S&P is facing resistance at around 1670...probably it will cross today.... |
1670.....
hahaha...i know you're talkin abt 1470.....by the way, I feel that the resistance is around 1482-1493 range with 1474 being the recent high..... |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #443 Posted: Fri Jan 11, 2013 3:33 pm Post subject: |
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psalm wrote: | Market is back to square 1..... |
No wonder apart from individual scrip |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #444 Posted: Fri Jan 11, 2013 3:35 pm Post subject: |
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psalm wrote: | sw_das wrote: | 5920 spot around it can go and give a bounce. 5970 NS around we have to see next week....I feel..S&P is facing resistance at around 1670...probably it will cross today.... |
1670.....
hahaha...i know you're talkin abt 1470.....by the way, I feel that the resistance is around 1482-1493 range with 1474 being the recent high..... |
Mere khayal se TGIF jaldi chalu ho gaya hai Dasji ke liye!!! |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #445 Posted: Fri Jan 11, 2013 3:36 pm Post subject: |
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psalm wrote: | sw_das wrote: | 5920 spot around it can go and give a bounce. 5970 NS around we have to see next week....I feel..S&P is facing resistance at around 1670...probably it will cross today.... |
1670.....
hahaha...i know you're talkin abt 1470.....by the way, I feel that the resistance is around 1482-1493 range with 1474 being the recent high..... |
Sorry I am bad at numbers....many time type wrongly... the same happens with order too..
Yes it will cross once.... |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #446 Posted: Fri Jan 11, 2013 3:38 pm Post subject: |
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psalm, Hope you are holding your put....who knows our market can go good down.... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #447 Posted: Fri Jan 11, 2013 3:39 pm Post subject: |
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Closed at 5951.....If I'm a BULL, I still consider this as a bad closing....especially if I look at the weekly candle.....but my consolation will be the market holding 5940 levels.....In my opinion, upside from here to 6000 odd levels could be met with selling.....and it will be pretty difficult to close above 6000 levels.....I'll think about exiting my shorts only if there is a closing above 6000 levels....else, I'll be very very comfortable holding them...Anyway, let's wait and see how the things are next week....till then happy weekends... |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #448 Posted: Fri Jan 11, 2013 3:42 pm Post subject: |
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psalm wrote: | Closed at 5951.....If I'm a BULL, I still consider this as a bad closing....especially if I look at the weekly candle.....but my consolation will be the market holding 5940 levels.....In my opinion, upside from here to 6000 odd levels could be met with selling.....and it will be pretty difficult to close above 6000 levels.....I'll think about exiting my shorts only if there is a closing above 6000 levels....else, I'll be very very comfortable holding them...Anyway, let's wait and see how the things are next week....till then happy weekends... |
Agree completely on this, it will take some mighty efforts to close above 6000 and march ahead, till then let it keep swinging..
Happy weekend to you too!! |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #449 Posted: Fri Jan 11, 2013 3:42 pm Post subject: |
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sw_das wrote: | psalm, Hope you are holding your put....who knows our market can go good down.... |
Market has to go down....that's why I'm holding my shorts....I had exited a few position in SBI as they were already stopped out trades...didn't want to take too much risks.....other than that I am holding most of the positions from yesterday....Let's see... |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #450 Posted: Fri Jan 11, 2013 3:45 pm Post subject: |
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psalm wrote: | sw_das wrote: | psalm, Hope you are holding your put....who knows our market can go good down.... |
Market has to go down....that's why I'm holding my shorts....I had exited a few position in SBI as they were already stopped out trades...didn't want to take too much risks.....other than that I am holding most of the positions from yesterday....Let's see... |
I will be checking this level 5970-80 spot range if we do not cross this next week, then possibility is open till 5600.
But market has always hit back when all start thinking about down side....
if down side needs to come it will be fast over next two weeks I think.... |
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